Common use of Sale by the defaulting Shareholder Clause in Contracts

Sale by the defaulting Shareholder. ‌ If the Company has not sold all of the Shares the subject of a Default Notice within 40 Business Days of the date on which the Default Notice was given, the Defaulting Shareholder may (unless the selling Shareholder is obliged to accept a buyback or cancellation offer under Clause 9) sell the remaining Shares to any Eligible Person at the best price that the Defaulting Shareholder is able to negotiate.

Sale by the defaulting Shareholder. ‌ If the Company has not sold all of the Shares the subject of a Default Notice within 40 Business Days of the date on which the Default Notice was given, the Defaulting Shareholder may (unless the selling Shareholder is obliged to accept a buyback or cancellation offer under Clause 9) sell the remaining Shares to any Eligible Person at the best price that the Defaulting Shareholder is able to negotiate.