Common use of Violation of First Refusal Right Clause in Contracts

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

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

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

Violation of First Refusal Right. If any Transferring Holder becomes obligated to sell any Transfer Stock Shares to any Investor the Company under this Agreement and fails to deliver such Transfer Stock Shares in accordance with the terms of this Agreement, such Investor the Company may, at its option, in addition to all other remedies it may have, send to such Transferring Holder the purchase price for such Transfer Stock Shares as is herein specified and transfer to thereby purchase such Transfer Shares and cancel such shares in accordance with the name of such Investor (or request that the Company effect such transfer in the name of an Investor) on the Company’s books the certificate or certificates representing the Transfer Stock to be sold.Restated Articles. Shareholders’ Agreement 10 Confidential