Common use of Violation of First Refusal Right Clause in Contracts

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

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

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

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