Common use of Assignment of Right Clause in Contracts

Assignment of Right. In the event that the Company elects to ------------------- exercise a right of first refusal to purchase all of the Company Securities specified in the Transfer Notice under this Section 11, the Company may specify prior to the closing of such purchase that PeoplePC is its designee to purchase all or part (if the balance is purchased by the Company) of the Company Securities to which such notice relates. If the Company shall designate PeoplePC as the purchaser pursuant to this Section 11, the giving of notice of acceptance of the right of first refusal by the Company shall constitute a legally binding obligation of the Company to complete such purchase if PeoplePC shall fail to do so.