Common use of Attachment; Levy Clause in Contracts

Attachment; Levy. If an attachment, execution or other process is levied against a Shareholder or any of Shareholder’s Shares so as to become a lien on such Shares, and such lien is not released within fifteen (15) days after the date of levy, then the other Shareholder shall have the option to purchase all of such Shareholder’s Shares.

Appears in 2 contracts

Sources: Shareholders Agreement (VIASPACE Green Energy Inc.), Shareholder Agreement (VIASPACE Inc.)