Common use of Violation of First Refusal Right Clause in Contracts

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

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

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

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