Common use of Violation of First Refusal Right Clause in Contracts

Violation of First Refusal Right. If any Key Holder becomes obligated to sell any Transfer Stock to the Company or any Participating Investor or Rights Holder under this Agreement and fails to deliver such Transfer Stock in accordance with the terms of this Agreement, the Company and/or such Participating Investor and/or Rights Holder may, at its option, in addition to all other remedies it may have, send to such Key Holder the purchase price for such Transfer Stock as is herein specified and transfer to the name of the Company, such Investor or such Rights Holder (or request that the Company effect such transfer in the name of an Investor or a Rights Holder) on the Company’s books the certificate or certificates representing the Transfer Stock to be sold.

Appears in 3 contracts

Sources: Right of First Refusal and Co Sale Agreement (Denim LA, Inc.), Right of First Refusal and Co Sale Agreement (Denim LA, Inc.), Right of First Refusal and Co Sale Agreement (Denim LA, Inc.)

Violation of First Refusal Right. If any Key Holder Prospective Seller becomes obligated to sell any Transfer Stock to the Company Company, any Investor, or any Participating Investor or Rights Key Holder under this Agreement and fails to deliver such Transfer Stock in accordance with the terms of this Agreement, the Company and/or such Participating Investor and/or Rights Holder or Key Holder, as the case may be, may, at its option, in addition to all other remedies it may have, send to such Key Holder Prospective Seller the purchase price for such Transfer Stock as is herein specified and transfer to the name of the Company, Company or such Investor or such Rights Holder Key Holder, as the case may be, (or request that the Company effect such transfer in the name of an Investor or a Rights Holdertransfer) on the Company’s books the certificate or certificates representing the Transfer Stock to be sold.

Appears in 3 contracts

Sources: Right of First Refusal and Co Sale Agreement (Cesca Therapeutics Inc.), Asset Acquisition Agreement (Cesca Therapeutics Inc.), Right of First Refusal and Co Sale Agreement (Cesca Therapeutics Inc.)

Violation of First Refusal Right. If any Key Holder Prospective Transferor becomes obligated to sell any Transfer Stock to the Company or any Participating Investor or Rights Key Holder under this Agreement and fails to deliver such Transfer Stock in accordance with the terms of this Agreement, the Company and/or such Participating Investor and/or Rights or Key Holder may, at its option, in addition to all other remedies it may have, send to such Key Holder Prospective Transferor the purchase price for such Transfer Stock as is herein specified and transfer to the name of the Company, Company or such Investor or such Rights Key Holder (or request that the Company effect such transfer in the name of an Investor or a Rights Key Holder) on the Company’s books the certificate any certificates, instruments, or certificates book entry representing the Transfer Stock to be sold.

Appears in 3 contracts

Sources: Right of First Refusal and Co Sale Agreement (HyperSciences, Inc.), Right of First Refusal and Co Sale Agreement (HyperSciences, Inc.), Right of First Refusal and Co Sale Agreement (HyperSciences, Inc.)

Violation of First Refusal Right. If any Key Restricted Holder becomes obligated to sell any Transfer Stock to the Company or any Participating Investor or Rights Holder under this Agreement and fails to deliver such Transfer Stock in accordance with the terms of this Agreement, the Company and/or such Participating Investor and/or Rights Holder may, at its option, in addition to all other remedies it may have, send to such Key Restricted Holder the purchase price for such Transfer Stock as is herein specified and transfer to the name of the Company, such Investor Company or such Rights Holder (or request that the Company effect such transfer in the name of an Investor or a Rights Holder) on the Company’s books the certificate any certificates, instruments, or certificates book entry representing the Transfer Stock to be sold.

Appears in 2 contracts

Sources: Stockholders Agreement (Atea Pharmaceuticals, Inc.), Stockholders Agreement (Atea Pharmaceuticals, Inc.)

Violation of First Refusal Right. If any Investor or Key Holder becomes obligated to sell any Transfer Stock to the Company Company, Holdings or any Participating Investor or Rights Holder under this Agreement and fails to deliver such Transfer Stock in accordance with the terms of this Agreement, the Company Company, Holdings and/or such Participating Investor and/or Rights Holder may, at its option, in addition to all other remedies it may have, send to such Investor or Key Holder the purchase price for such Transfer Stock as is herein specified and transfer to the name of the Company, Holdings or such Investor or such Rights Holder (or request that the Company effect such transfer in the name of Holdings or an Investor or a Rights HolderInvestor) on the Company’s books the certificate any certificates, instruments, or certificates book entry representing the Transfer Stock to be sold.

Appears in 1 contract

Sources: Preferred Stock Purchase Agreement (Ondas Holdings Inc.)