Priority of Purchase Right. The Shareholders shall have priority -------------------------- over the Company in the exercise of their right to purchase Shares following a Buy-Out Event. The Shareholders shall notify the Company within 30 days of their being informed of the occurrence of the Buy Out Event and the purchase consideration for the Shares. If more than one Shareholder offers to purchase the Shares subject to the Buy-Out Event, the Shares to be acquired from the Transferring Shareholder shall be apportioned between the purchasers pro-rata according to their respective Agreed Proportions.
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Sources: Joint Venture Agreement (Exodus Communications Inc)
Priority of Purchase Right. The Shareholders shall have priority -------------------------- over the Company in the exercise of their right to purchase Shares following a Buy-Out Event. The Shareholders shall notify the Company within 30 days of their being informed of the occurrence of the Buy Out Event and the purchase consideration for the Shares. If more than one Shareholder offers to purchase the Shares subject to the Buy-Out Event, the Shares to be acquired from the Transferring Shareholder shall be apportioned between the purchasers pro-rata according to their respective Agreed Proportions.
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