Common use of Allocation of Shares Clause in Contracts

Allocation of Shares. Each Investor shall have the right to sell a portion of its Shares pursuant to the Transaction Offer that is equal to or less than the product obtained by multiplying the total number of Shares available for sale to the Buyer subject to the Transaction Offer by a fraction, the numerator of which is the total number of Shares owned by such Investor and the denominator of which is the total number of Shares held by all Investors and the Transferring Stockholder, in each case as of the date of the Offer Notice, subject to increase as hereinafter provided. In the event any Investor does not elect to sell the full amount of such Shares which such Investor is entitled to sell pursuant to this Section 3.4, then any Investors who have elected to sell Shares shall have the right to sell, on a pro-rata basis (based on the number of Shares held by each such Investor) with any other Investors and up to the maximum number of Shares stated in each such Investor's Co-Sale Acceptance Notice, any Shares not elected to be sold by such Investor.

Appears in 2 contracts

Samples: Stockholders Agreement (Eagle Test Systems, Inc.), Stockholders Agreement (Eagle Test Systems, Inc.)

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Allocation of Shares. Each Investor shall have the right to sell a portion of its Shares pursuant to the Transaction Offer that which is equal to or less than the product obtained by multiplying the total number of Shares available for sale to the Buyer subject to the Transaction Offer by a fraction, the numerator of which is the total number of Shares owned by such Investor and the denominator of which is the total number of Shares held by all Investors and the Transferring Restricted Stockholder, in each case as of the date of the Offer Notice, subject to increase as hereinafter provided. In the event any Investor does not elect to sell the full amount of such Shares which such Investor is entitled to sell pursuant to this Section 3.4, then any Investors who have elected to sell Shares shall have the right to sell, on a pro-rata basis (based on the number of Shares held by each such Investor) with any other Investors and up to the maximum number of Shares stated in each such Investor's ’s Co-Sale Acceptance Notice, any Shares not elected to be sold by such Investor.

Appears in 2 contracts

Samples: Stockholders Agreement (Quanterix Corp), Stockholders Agreement (Quanterix Corp)

Allocation of Shares. Each Investor shall have the right to sell a portion of its Shares pursuant to the Transaction Offer that which is equal to or less than the product obtained by multiplying the total number of Shares available for sale to the Buyer subject to the Transaction Offer by a fraction, the numerator of which is the total number of Shares owned by such Investor and the denominator of which is the total number of Shares held by all Investors and the Transferring Stockholder, in each case as of the date of the Offer Notice, subject to increase as hereinafter provided. In the event any Investor does not elect to sell the full amount of such Shares which such Investor is entitled to sell pursuant to this Section 3.43.5, then any Investors who have elected to sell Shares shall have the right to sell, on a pro-rata basis (based on the number of Shares held by each such Investor) with any other Investors who have delivered a Co-Sale Acceptance Notice and up to the maximum number of Shares stated in each such Investor's ’s Co-Sale Acceptance Notice, any Shares not elected to be sold by such Investor.

Appears in 1 contract

Samples: Stockholders Agreement (908 Devices Inc.)

Allocation of Shares. Each Investor shall have the right to sell a portion of its Shares pursuant to the Transaction Offer that portion of its Shares that is equal to or less than the product obtained by multiplying (i) the total number of Shares available for sale to the Buyer subject to the Transaction Offer by (ii) a fraction, the numerator of which is the total number of Shares owned by such Investor and the denominator of which is the total number of Shares held by all Investors and the Transferring Stockholder, in each case case, as of the date of the Offer Notice, subject to increase as hereinafter provided. In the event If any Investor does not elect to sell the full amount of such Shares which that such Investor is entitled to sell pursuant to this Section 3.4, then any other Investors who that have elected to sell Shares shall have the right to sell, on a pro-pro rata basis (based on the number of Shares held by each such Investor) with any other Investors and up to the maximum number of Shares stated in each such Investor's ’s Co-Sale Acceptance Notice, any Shares not elected to be sold by such Investor.

Appears in 1 contract

Samples: Stockholders Agreement (Monotype Imaging Holdings Inc.)

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Allocation of Shares. Each Investor shall have the right to sell a portion of its Shares pursuant to the Transaction Offer that which is equal to or less than the product obtained by multiplying the total number of Shares available for sale to the Buyer subject to the Transaction Offer by a fraction, the numerator of which is the total number of Shares owned by such Investor and the denominator of which is the total number of Shares held by all Investors and the Transferring StockholderPrincipal Shareholder, in each case as of the date of the Offer Notice, subject to increase as hereinafter provided. In the event any Investor does not elect to sell the full amount of such Shares which such Investor is entitled to sell pursuant to this Section 3.45.4, then any Investors who have elected to sell Shares shall have the right to sell, on a pro-rata basis (based on the number of Shares held by each such Investor) with any other Investors and up to the maximum number of Shares stated in each such Investor's ’s Co-Sale Acceptance Notice, any Shares not elected to be sold by such Investor.

Appears in 1 contract

Samples: Stockholders Agreement (IntraLinks Holdings, Inc.)

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