Common use of Action Required Clause in Contracts

Action Required. A ROFR and Co-Sale Right Holder shall not have the right or obligation to purchase any of the Offered Shares unless it exercises its right of first refusal within the First Refusal Period to purchase up to all, or any of its pro rata share, of the Offered Shares.

Appears in 2 contracts

Sources: Shareholder Agreement (Kanzhun LTD), Shareholder Agreement (Kanzhun LTD)

Action Required. A ROFR and Co-Sale Right Holder shall not have the right or obligation to purchase any of the Offered Remaining Shares unless it exercises its right of first refusal within the First Refusal Holder Election Period to purchase up to all, or any of its pro rata share, of the Offered Remaining Shares.

Appears in 2 contracts

Sources: Shareholders Agreement (Ambrx Biopharma Inc.), Shareholders Agreement (Ambrx Biopharma Inc.)

Action Required. A ROFR and Co-Sale Right Holder shall not have the right or obligation to purchase any of the Offered Shares unless it exercises its right of first refusal within the First Refusal Period to purchase up to all, or any of its pro rata share, of the Offered Shares.

Appears in 1 contract

Sources: Shareholder Agreement (I-Mab)