Common use of Violation of First Refusal Right Clause in Contracts

Violation of First Refusal Right. If any Prospective Seller becomes obligated to sell any Transfer Stock to the Company, any Investor, or any Key Holder under this Agreement and fails to deliver such Transfer Stock in accordance with the terms of this Agreement, the Company and/or such Investor or Key Holder, as the case may be, may, at its option, in addition to all other remedies it may have, send to such Prospective Seller the purchase price for such Transfer Stock as is herein specified and transfer to the name of the Company or such Investor or Key Holder, as the case may be, (or request that the Company effect such transfer) on the Company’s books the certificate or certificates representing the Transfer Stock to be sold.

Appears in 3 contracts

Samples: Right of First Refusal and Co Sale Agreement (Cesca Therapeutics Inc.), Asset Acquisition Agreement (Cesca Therapeutics Inc.), Right of First Refusal and Co Sale Agreement (Cesca Therapeutics Inc.)

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Violation of First Refusal Right. If any Prospective Seller Transferor becomes obligated to sell any Transfer Stock to the Company, any Investor, Company or any Investor or Key Holder under this Agreement and fails to deliver such Transfer Stock in accordance with the terms of this Agreement, the Company and/or such Investor or Key Holder, as the case may be, Holder may, at its option, in addition to all other remedies it may have, send to such Prospective Seller Transferor the purchase price for such Transfer Stock as is herein specified and transfer to the name of the Company or such Investor or Key Holder, as the case may be, Holder (or request that the Company effect such transfertransfer in the name of an Investor or Key Holder) on the Company’s books the certificate any certificates, instruments, or certificates book entry representing the Transfer Stock to be sold.

Appears in 3 contracts

Samples: Right of First Refusal and Co Sale Agreement (HyperSciences, Inc.), Right of First Refusal and Co Sale Agreement (HyperSciences, Inc.), Right of First Refusal and Co Sale Agreement (HyperSciences, Inc.)

Violation of First Refusal Right. If any Prospective Seller Common Holder or Non-Lead Investor becomes obligated to sell any Transfer Stock to the Company, any Investor, an Investor or any Key Holder a Common Stockholder under this Agreement Section 7 and fails to deliver such Transfer Stock in accordance with the terms of this AgreementSection 7, the Company Company, such Investor and/or such Investor or Key Holder, as the case may be, Common Holder may, at its option, in addition to all other remedies it may have, send to such Prospective Seller Common Holder or Non-Lead Investor the purchase price for such Transfer Stock as is herein specified and transfer to the name of the Company or such Investor or Key Holder, as the case may be, (or request that the Company effect such transfertransfer in the name of an Investor) on the Company’s books the certificate or certificates representing the Transfer Stock to be sold.

Appears in 1 contract

Samples: Investors’ Rights Agreement (Rules-Based Medicine Inc)

Violation of First Refusal Right. If any Prospective Seller Selling Shareholder becomes obligated to sell any Transfer Stock to the Company, any Investor, Company or any Key Holder Investor under this Agreement and fails to deliver such Transfer Stock in accordance with the terms of this Agreement, the Company and/or such Investor or Key Holder, as the case may be, may, at its option, in addition to all other remedies it may have, send to such Prospective Seller Selling Shareholder the purchase price for such Transfer Stock as is herein specified and transfer to the name of the Company or such Investor or Key Holder, as the case may be, (or request that the Company effect such transfertransfer in the name of a Selling Shareholder) on the Company’s books the certificate any certificates, instruments, or certificates book entry representing the Transfer Stock to be sold.

Appears in 1 contract

Samples: Right of First Refusal and Co Sale Agreement (Provention Bio, Inc.)

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Violation of First Refusal Right. If any Prospective Seller Selling Stockholder becomes obligated to sell any Transfer Stock to any Stockholder or the Company, any Investor, or any Key Holder Company under this Agreement and fails to deliver such Transfer Stock in accordance with the terms of this Agreement, then such Stockholder and/or the Company and/or such Investor or Key Holder, as the case may be, mayCompany, at its option, in addition to all other remedies it may have, send to such Prospective Seller Selling Stockholder the purchase price for such Transfer Stock as is herein specified and transfer to the name of such Stockholder and/or the Company or such Investor or Key Holder, as the case may be, (or request that the Company effect such transfertransfer in the name of a Stockholder) on the Company’s 's books the certificate any certificates, instruments, or certificates book entry representing the Transfer Stock to be sold.

Appears in 1 contract

Samples: Right of First Refusal and Co Sale Agreement

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