Common use of Violation of First Refusal Right Clause in Contracts

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

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

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

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