{"component": "clause", "props": {"groups": [{"snippet_links": [{"key": "the-consideration", "type": "clause", "offset": [3, 20]}, {"key": "transfer-stock", "type": "definition", "offset": [49, 63]}, {"key": "other-non", "type": "clause", "offset": [92, 101]}, {"key": "cash-consideration", "type": "clause", "offset": [102, 120]}, {"key": "fair-market-value-of-the", "type": "clause", "offset": [126, 150]}, {"key": "in-good-faith", "type": "definition", "offset": [188, 201]}, {"key": "directors-and", "type": "clause", "offset": [218, 231]}, {"key": "company-notice", "type": "clause", "offset": [252, 266]}, {"key": "for-any-reason", "type": "clause", "offset": [306, 320]}, {"key": "pay-for", "type": "definition", "offset": [321, 328]}, {"key": "form-of-non", "type": "clause", "offset": [360, 371]}, {"key": "such-investor", "type": "clause", "offset": [407, 420]}, {"key": "cash-value", "type": "clause", "offset": [433, 443]}, {"key": "purchase-of", "type": "clause", "offset": [577, 588]}, {"key": "the-investors", "type": "clause", "offset": [623, 636]}, {"key": "all-payments", "type": "definition", "offset": [659, 671]}, {"key": "from-the-company", "type": "clause", "offset": [672, 688]}, {"key": "the-selling", "type": "definition", "offset": [736, 747]}, {"key": "proposed-transfer-notice", "type": "clause", "offset": [806, 830]}, {"key": "date-of", "type": "clause", "offset": [847, 854]}, {"key": "proposed-key-holder-transfer", "type": "definition", "offset": [859, 887]}, {"key": "delivery-of-the", "type": "clause", "offset": [925, 940]}], "samples": [{"hash": "5dDm5hXHFJ6", "uri": "/contracts/5dDm5hXHFJ6#consideration-closing", "label": "Right of First Refusal and Co Sale Agreement (Pacaso Inc.)", "score": 35.6885681152, "published": true}, {"hash": "gMRcZOaH8wz", "uri": "/contracts/gMRcZOaH8wz#consideration-closing", "label": "Right of First Refusal and Co Sale Agreement (Tesseract Collective, Inc.)", "score": 35.658454895, "published": true}, {"hash": "dofy3x7ZN9c", "uri": "/contracts/dofy3x7ZN9c#consideration-closing", "label": "Right of First Refusal and Co Sale Agreement (Life Spectacular, Inc.)", "score": 34.3278579712, "published": true}], "snippet": "If the consideration proposed to be paid for the Transfer Stock is in property, services or other non-cash consideration, the fair market value of the consideration shall be as determined in good faith by the Board of Directors and as set forth in the Company Notice. If the Company or any Investor cannot for any reason pay for the Transfer Stock in the same form of non-cash consideration, the Company or such Investor may pay the cash value equivalent thereof, as determined in good faith by the Board of Directors and as set forth in the Company Notice. The closing of the purchase of Transfer Stock by the Company and the Investors shall take place, and all payments from the Company and the Investors shall have been delivered to the selling Key Holder, by the later of (i) the date specified in the Proposed Transfer Notice as the intended date of the Proposed Key Holder Transfer; and (ii) forty-five (45) days after delivery of the Proposed Transfer Notice.", "size": 156, "hash": "99902d07f528bc55d788523b98014d0e", "id": 1}, {"snippet_links": [{"key": "the-consideration", "type": "clause", "offset": [3, 20]}, {"key": "india-shares", "type": "definition", "offset": [49, 61]}, {"key": "the-proposed", "type": "clause", "offset": [65, 77]}, {"key": "other-non", "type": "clause", "offset": [115, 124]}, {"key": "cash-consideration", "type": "clause", "offset": [125, 143]}, {"key": "fair-market-value-of-the", "type": "clause", "offset": [149, 173]}, {"key": "in-good-faith", "type": "definition", "offset": [211, 224]}, {"key": "the-majority", "type": "clause", "offset": [228, 240]}, {"key": "rofr-exercise-notice", "type": "definition", "offset": [375, 395]}, {"key": "for-any-reason", "type": "clause", "offset": [426, 440]}, {"key": "pay-for", "type": "definition", "offset": [441, 448]}, {"key": "form-of-non", "type": "clause", "offset": [478, 489]}, {"key": "board-of-directors-of-the-corporation", "type": "clause", "offset": [601, 638]}, {"key": "provided-that", "type": "definition", "offset": [685, 698]}, {"key": "each-case", "type": "definition", "offset": [726, 735]}, {"key": "comply-with-the", "type": "clause", "offset": [736, 751]}, {"key": "pricing-guidelines", "type": "clause", "offset": [756, 774]}, {"key": "time-of-the", "type": "clause", "offset": [782, 793]}, {"key": "purchase-of-the", "type": "clause", "offset": [794, 809]}, {"key": "rofr-holders", "type": "definition", "offset": [830, 842]}, {"key": "in-accordance-with", "type": "definition", "offset": [843, 861]}, {"key": "section-35", "type": "clause", "offset": [867, 878]}, {"key": "subject-to-section", "type": "clause", "offset": [880, 898]}, {"key": "closing-of-the-purchase", "type": "clause", "offset": [911, 934]}, {"key": "all-payments", "type": "definition", "offset": [993, 1005]}, {"key": "shareholder-or-shareholders", "type": "clause", "offset": [1069, 1096]}, {"key": "proposed-transfer-notice", "type": "clause", "offset": [1144, 1168]}, {"key": "date-of", "type": "clause", "offset": [1185, 1192]}, {"key": "delivery-of-the", "type": "clause", "offset": [1251, 1266]}], "samples": [{"hash": "8GZ8ZHDlAxP", "uri": "/contracts/8GZ8ZHDlAxP#consideration-closing", "label": "Exchange Agreement (Amira Nature Foods Ltd.)", "score": 23.7378501892, "published": true}, {"hash": "kjWxqwETJzS", "uri": "/contracts/kjWxqwETJzS#consideration-closing", "label": "Exchange Agreement (Amira Nature Foods Ltd.)", "score": 23.7186851501, "published": true}, {"hash": "fca2OutIgHU", "uri": "/contracts/fca2OutIgHU#consideration-closing", "label": "Exchange Agreement (Amira Nature Foods Ltd.)", "score": 23.7022590637, "published": true}], "snippet": "If the consideration proposed to be paid for the India Shares in the Proposed Transfer is in property, services or other non-cash consideration, the fair market value of the consideration shall be as determined in good faith by the majority of the Corporation\u2019s board of directors who are not also Shareholders or agents or affiliates of Shareholders and as set forth in the ROFR Exercise Notice. If either ROFR Holder cannot for any reason pay for the India Shares in the same form of non-cash consideration, such ROFR Holder may pay the fair market value thereof, as determined in good faith by the board of directors of the Corporation and as set forth in the ROFR Exercise Notice, provided that the consideration shall in each case comply with the RBI Pricing Guidelines at the time of the purchase of the India Shares by the ROFR Holders in accordance with this Section 3.5. Subject to Section 3.4(f), the closing of the purchase of India Shares by the ROFR Holders shall take place, and all payments from the ROFR Holders shall have been delivered to the selling Shareholder or Shareholders, by the later of (i) the date specified in the Proposed Transfer Notice as the intended date of the Proposed Transfer and (ii) forty-five (45) days after delivery of the Proposed Transfer Notice.", "size": 3, "hash": "796ee249621dc4cb81254ab1e002a60e", "id": 8}, {"snippet_links": [{"key": "the-consideration", "type": "clause", "offset": [3, 20]}, {"key": "transfer-shares", "type": "definition", "offset": [49, 64]}, {"key": "other-non", "type": "clause", "offset": [93, 102]}, {"key": "cash-consideration", "type": "clause", "offset": [103, 121]}, {"key": "fair-market-value-of-the", "type": "clause", "offset": [127, 151]}, {"key": "in-good-faith", "type": "definition", "offset": [186, 199]}, {"key": "by-the-board", "type": "clause", "offset": [200, 212]}, {"key": "for-any-reason", "type": "clause", "offset": [245, 259]}, {"key": "pay-for", "type": "definition", "offset": [261, 268]}, {"key": "form-of-non", "type": "clause", "offset": [302, 313]}, {"key": "cash-value", "type": "clause", "offset": [367, 377]}, {"key": "purchase-of-the", "type": "clause", "offset": [445, 460]}, {"key": "all-payments", "type": "definition", "offset": [522, 534]}, {"key": "eligible-holders", "type": "definition", "offset": [544, 560]}, {"key": "the-transferor", "type": "clause", "offset": [590, 604]}, {"key": "proposed-transfer-notice", "type": "clause", "offset": [652, 676]}, {"key": "date-of", "type": "clause", "offset": [701, 708]}, {"key": "delivery-of-the", "type": "clause", "offset": [767, 782]}], "samples": [{"hash": "9fuohvw58zo", "uri": "/contracts/9fuohvw58zo#consideration-closing", "label": "Shareholder Agreements", "score": 31.3408622742, "published": true}, {"hash": "eejQQjadbW1", "uri": "/contracts/eejQQjadbW1#consideration-closing", "label": "Shareholders Agreement (Momo Inc.)", "score": 25.848733902, "published": true}, {"hash": "3042RSaH3TU", "uri": "/contracts/3042RSaH3TU#consideration-closing", "label": "Series D Preferred Share Purchase Agreement (Momo Inc.)", "score": 25.848733902, "published": true}], "snippet": "If the consideration proposed to be paid for the Transfer Shares is in property, services or other non-cash consideration, the fair market value of the consideration shall be determined in good faith by the Board. If any Eligible Holder cannot, for any reason, pay for the Transfer Shares, in the same form of non-cash consideration, such Eligible Holder may pay the cash value equivalent thereof, as determined by the Board. The closing of the purchase of the Transfer Shares by the Eligible Holder shall take place, and all payments from the Eligible Holders shall have been delivered to the Transferor, by the later of (i) the date specified in the Proposed Transfer Notice as the intended closing date of the Proposed Transfer and (ii) forty-five (45) days after delivery of the Proposed Transfer Notice.", "size": 18, "hash": "0e8088ccd5c894915f4cc490c9be8fdd", "id": 2}, {"snippet_links": [{"key": "the-consideration", "type": "clause", "offset": [3, 20]}, {"key": "transfer-units", "type": "clause", "offset": [49, 63]}, {"key": "other-non", "type": "clause", "offset": [92, 101]}, {"key": "cash-consideration", "type": "clause", "offset": [102, 120]}, {"key": "the-value", "type": "clause", "offset": [122, 131]}, {"key": "the-fair-market-value", "type": "clause", "offset": [162, 183]}, {"key": "company-notice", "type": "clause", "offset": [208, 222]}, {"key": "for-any-reason", "type": "clause", "offset": [270, 284]}, {"key": "pay-for", "type": "definition", "offset": [285, 292]}, {"key": "form-of-non", "type": "clause", "offset": [324, 335]}, {"key": "cash-value", "type": "clause", "offset": [437, 447]}, {"key": "purchase-notice", "type": "clause", "offset": [506, 521]}, {"key": "purchase-of", "type": "clause", "offset": [557, 568]}, {"key": "by-the-company", "type": "clause", "offset": [584, 598]}, {"key": "preferred-members", "type": "definition", "offset": [610, 627]}, {"key": "all-payments", "type": "definition", "offset": [650, 662]}, {"key": "the-company-shall", "type": "clause", "offset": [668, 685]}, {"key": "the-selling", "type": "definition", "offset": [709, 720]}, {"key": "the-transfer-notice", "type": "definition", "offset": [776, 795]}, {"key": "date-of", "type": "clause", "offset": [812, 819]}, {"key": "proposed-transfer", "type": "definition", "offset": [824, 841]}, {"key": "delivery-of-the", "type": "clause", "offset": [878, 893]}], "samples": [{"hash": "7trDZSbdsZV", "uri": "/contracts/7trDZSbdsZV#consideration-closing", "label": "Limited Liability Company Agreement (Apogee Therapeutics, Inc.)", "score": 34.4702262878, "published": true}, {"hash": "eyi15EI2F1l", "uri": "/contracts/eyi15EI2F1l#consideration-closing", "label": "Limited Liability Company Agreement (Apogee Therapeutics, LLC)", "score": 34.319644928, "published": true}], "snippet": "If the consideration proposed to be paid for the Transfer Units is in property, services or other non-cash consideration, the value of the consideration shall be the Fair Market Value and as set forth in the Company Notice. If the Company or any Preferred Member cannot for any reason pay for the Transfer Units in the same form of non-cash consideration, the Company, such Preferred Member, as applicable, may pay the Fair Market Value cash value equivalent thereof, as set forth in the Company Notice or Purchase Notice, as applicable. The closing of the purchase of Transfer Units by the Company and/or the Preferred Members shall take place, and all payments from the Company shall have been delivered to the selling ROFR Subject by the later of (i) the date specified in the Transfer Notice as the intended date of the Proposed Transfer and (ii) forty-five (45) days after delivery of the Transfer Notice.", "size": 5, "hash": "e588a7ca207a0a3ac0b84b84d53c422b", "id": 3}, {"snippet_links": [{"key": "the-consideration", "type": "clause", "offset": [3, 20]}, {"key": "transfer-stock", "type": "definition", "offset": [49, 63]}, {"key": "other-non", "type": "clause", "offset": [92, 101]}, {"key": "cash-consideration", "type": "clause", "offset": [102, 120]}, {"key": "fair-market-value-of-the", "type": "clause", "offset": [126, 150]}, {"key": "in-good-faith", "type": "definition", "offset": [188, 201]}, {"key": "by-the-board", "type": "clause", "offset": [202, 214]}, {"key": "company-notice", "type": "clause", "offset": [239, 253]}, {"key": "series-a-1-holder", "type": "definition", "offset": [275, 292]}, {"key": "the-investor", "type": "definition", "offset": [296, 308]}, {"key": "for-any-reason", "type": "clause", "offset": [316, 330]}, {"key": "pay-for", "type": "definition", "offset": [331, 338]}, {"key": "form-of-non", "type": "clause", "offset": [370, 381]}, {"key": "cash-value", "type": "clause", "offset": [461, 471]}, {"key": "purchase-of", "type": "clause", "offset": [592, 603]}, {"key": "by-the-company", "type": "clause", "offset": [619, 633]}, {"key": "all-payments", "type": "definition", "offset": [695, 707]}, {"key": "from-the-company", "type": "clause", "offset": [708, 724]}, {"key": "the-majority", "type": "clause", "offset": [793, 805]}, {"key": "common-holder", "type": "definition", "offset": [806, 819]}, {"key": "proposed-transfer-notice", "type": "clause", "offset": [867, 891]}, {"key": "date-of", "type": "clause", "offset": [908, 915]}, {"key": "delivery-of-the", "type": "clause", "offset": [998, 1013]}], "samples": [{"hash": "lccDdtBwHpa", "uri": "/contracts/lccDdtBwHpa#consideration-closing", "label": "Series a 2 Preferred Stock Purchase Agreement (Newsmax Inc.)", "score": 36.1019859314, "published": true}, {"hash": "1DWGwjtF0z5", "uri": "/contracts/1DWGwjtF0z5#consideration-closing", "label": "Series a 2 Preferred Stock Purchase Agreement (Newsmax Inc.)", "score": 35.6748809814, "published": true}], "snippet": "If the consideration proposed to be paid for the Transfer Stock is in property, services or other non-cash consideration, the fair market value of the consideration shall be as determined in good faith by the Board and as set forth in the Company Notice. If the Company, the Series A-1 Holder or the Investor cannot for any reason pay for the Transfer Stock in the same form of non-cash consideration, the Company, Series A-1 Holder or the Investor may pay the cash value equivalent thereof, as determined in good faith by the Board and as set forth in the Company Notice. The closing of the purchase of Transfer Stock by the Company, Series A-1 Holder and/or the Investor shall take place, and all payments from the Company, Series A-1 Holder and/or the Investor shall have been delivered to the Majority Common Holder, by the later of (i) the date specified in the Proposed Transfer Notice as the intended date of the Proposed Majority Common Holder Transfer; and (ii) fifty-five (55) days after delivery of the Proposed Transfer Notice.", "size": 4, "hash": "e43e3bb5f724ea222423a57b8674f971", "id": 4}, {"snippet_links": [{"key": "the-consideration", "type": "clause", "offset": [3, 20]}, {"key": "transfer-stock", "type": "definition", "offset": [49, 63]}, {"key": "payment-of-the-purchase-price", "type": "clause", "offset": [81, 110]}, {"key": "the-investors", "type": "clause", "offset": [140, 153]}, {"key": "rights-holders", "type": "definition", "offset": [161, 175]}, {"key": "by-check", "type": "clause", "offset": [196, 204]}, {"key": "transfer-of", "type": "clause", "offset": [216, 227]}, {"key": "immediately-available-funds", "type": "definition", "offset": [228, 255]}, {"key": "cancellation-of", "type": "clause", "offset": [265, 280]}, {"key": "a-portion", "type": "definition", "offset": [288, 297]}, {"key": "indebtedness-of-the", "type": "clause", "offset": [317, 336]}, {"key": "to-the-company", "type": "definition", "offset": [348, 362]}, {"key": "the-foregoing", "type": "definition", "offset": [447, 460]}, {"key": "other-non", "type": "clause", "offset": [554, 563]}, {"key": "cash-consideration", "type": "clause", "offset": [564, 582]}, {"key": "fair-market-value-of-the", "type": "clause", "offset": [588, 612]}, {"key": "good-faith-by-the-company", "type": "definition", "offset": [653, 678]}, {"key": "directors-and", "type": "clause", "offset": [690, 703]}, {"key": "company-notice", "type": "clause", "offset": [724, 738]}, {"key": "upon-the-company", "type": "definition", "offset": [776, 792]}, {"key": "for-any-reason", "type": "clause", "offset": [927, 941]}, {"key": "pay-for", "type": "definition", "offset": [942, 949]}, {"key": "form-of-non", "type": "clause", "offset": [981, 992]}, {"key": "such-investor", "type": "clause", "offset": [1026, 1039]}, {"key": "such-rights", "type": "definition", "offset": [1043, 1054]}, {"key": "cash-value", "type": "clause", "offset": [1074, 1084]}, {"key": "by-the-board-of-directors", "type": "clause", "offset": [1133, 1158]}, {"key": "purchase-of", "type": "clause", "offset": [1218, 1229]}, {"key": "all-payments", "type": "definition", "offset": [1320, 1332]}, {"key": "from-the-company", "type": "clause", "offset": [1333, 1349]}, {"key": "the-selling", "type": "definition", "offset": [1417, 1428]}, {"key": "proposed-transfer-notice", "type": "clause", "offset": [1487, 1511]}, {"key": "date-of", "type": "clause", "offset": [1528, 1535]}, {"key": "proposed-key-holder-transfer", "type": "definition", "offset": [1540, 1568]}, {"key": "delivery-of-the", "type": "clause", "offset": [1600, 1615]}], "samples": [{"hash": "2yEPexuY5JR", "uri": "/contracts/2yEPexuY5JR#consideration-closing", "label": "Right of First Refusal and Co Sale Agreement (Denim LA, Inc.)", "score": 29.6981525421, "published": true}, {"hash": "2mBJYP3HYHF", "uri": "/contracts/2mBJYP3HYHF#consideration-closing", "label": "Right of First Refusal and Co Sale Agreement (Denim LA, Inc.)", "score": 28.6002731323, "published": true}, {"hash": "7g0XnuKIbsb", "uri": "/contracts/7g0XnuKIbsb#consideration-closing", "label": "Right of First Refusal and Co Sale Agreement (Denim LA, Inc.)", "score": 27.4147834778, "published": true}], "snippet": "If the consideration proposed to be paid for the Transfer Stock is in cash, then payment of the purchase price will be made by the Company, the Investors or the Rights Holders, as applicable, (i) by check or by wire transfer of immediately available funds, (ii) by cancellation of all or a portion of any outstanding indebtedness of the Key Holder to the Company, the Investor(s) or Rights Holder(s), as applicable, or (iii) by any combination of the foregoing. If the consideration proposed to be paid for the Transfer Stock is in property, services or other non-cash consideration, the fair market value of the consideration shall be as determined in good faith by the Company\u2019s Board of Directors and as set forth in the Company Notice, which determination will be binding upon the Company, the Rights Holders, the Investors and the Key Holder absent fraud or error. If the Company, any Investor or any Rights Holder cannot for any reason pay for the Transfer Stock in the same form of non-cash consideration, the Company, such Investor or such Rights Holder may pay the cash value equivalent thereof, as determined in good faith by the Board of Directors and as set forth in the Company Notice. The closing of the purchase of Transfer Stock by the Company, the Investors and the Rights Holders shall take place, and all payments from the Company, the Investors and the Rights Holders shall have been delivered to the selling Key Holder, by the later of (i) the date specified in the Proposed Transfer Notice as the intended date of the Proposed Key Holder Transfer and (ii) sixty (60) days after delivery of the Proposed Transfer Notice.", "size": 3, "hash": "87267f0e95994cc71680e6c66ae4184d", "id": 5}, {"snippet_links": [{"key": "the-consideration", "type": "clause", "offset": [3, 20]}, {"key": "subject-to", "type": "definition", "offset": [56, 66]}, {"key": "a-proposed", "type": "clause", "offset": [67, 77]}, {"key": "other-non", "type": "clause", "offset": [115, 124]}, {"key": "cash-consideration", "type": "clause", "offset": [125, 143]}, {"key": "cash-value", "type": "clause", "offset": [189, 199]}, {"key": "good-faith-by-the-company", "type": "definition", "offset": [237, 262]}, {"key": "exercise-notice", "type": "definition", "offset": [287, 302]}, {"key": "the-proposed", "type": "clause", "offset": [307, 319]}, {"key": "by-operation-of-law", "type": "definition", "offset": [347, 366]}, {"key": "price-to-be-paid", "type": "clause", "offset": [381, 397]}, {"key": "the-company-and-the", "type": "clause", "offset": [401, 420]}, {"key": "purchasing-shareholders", "type": "definition", "offset": [421, 444]}, {"key": "equal-to", "type": "definition", "offset": [464, 472]}, {"key": "appraised-value", "type": "definition", "offset": [473, 488]}, {"key": "majority-of-the-shares", "type": "definition", "offset": [584, 606]}, {"key": "purchase-by-the-company", "type": "clause", "offset": [643, 666]}, {"key": "pursuant-to", "type": "definition", "offset": [732, 743]}, {"key": "section-4", "type": "definition", "offset": [749, 758]}, {"key": "all-payments", "type": "definition", "offset": [781, 793]}, {"key": "from-the-company", "type": "clause", "offset": [794, 810]}, {"key": "and-the-shareholders", "type": "clause", "offset": [811, 831]}, {"key": "the-selling-shareholder", "type": "clause", "offset": [861, 884]}, {"key": "proposed-transfer-notice", "type": "clause", "offset": [932, 956]}, {"key": "date-of", "type": "clause", "offset": [973, 980]}, {"key": "delivery-of-the", "type": "clause", "offset": [1035, 1050]}], "samples": [{"hash": "5A4Ol8iaihw", "uri": "/contracts/5A4Ol8iaihw#consideration-closing", "label": "Shareholder Agreement", "score": 31.3408622742, "published": true}, {"hash": "59l7pHALpGS", "uri": "/contracts/59l7pHALpGS#consideration-closing", "label": "Shareholder Agreement (Accuray Inc)", "score": 24.2279262543, "published": true}, {"hash": "lBDoe0zQs1y", "uri": "/contracts/lBDoe0zQs1y#consideration-closing", "label": "Shareholder Agreement (Accuray Inc)", "score": 23.6913070679, "published": true}], "snippet": "If the consideration proposed to be paid for the Shares subject to a Proposed Transfer is in property, services or other non-cash consideration, the Company or such Shareholder may pay the cash value equivalent thereof, as determined in good faith by the Company and as set forth in its Exercise Notice. If the Proposed Transfer is involuntary or by operation of law, the purchase price to be paid by the Company and the purchasing Shareholders hereunder shall be equal to appraised value for the Shares being transferred, as determined by an appraiser selected by those purchasing a majority of the Shares being purchased. The closing of the purchase by the Company and/or the Shareholders of Shares subject to a Proposed Transfer pursuant to this Section 4 shall take place, and all payments from the Company and the Shareholders shall have been delivered to the selling Shareholder, by the later of (i) the date specified in the Proposed Transfer Notice as the intended date of the Proposed Transfer and (ii) ninety (90) days after delivery of the Proposed Transfer Notice.", "size": 3, "hash": "c3f7e3e4cafb200a7de2dcab7d7dff24", "id": 6}, {"snippet_links": [{"key": "right-of-first-refusal-to-purchase", "type": "clause", "offset": [27, 61]}, {"key": "date-of", "type": "clause", "offset": [110, 117]}, {"key": "rofr-notice", "type": "definition", "offset": [122, 133]}, {"key": "the-transferor", "type": "clause", "offset": [135, 149]}, {"key": "rights-as-a-holder", "type": "clause", "offset": [171, 189]}, {"key": "payment-for", "type": "clause", "offset": [244, 255]}, {"key": "in-accordance-with", "type": "definition", "offset": [290, 308]}, {"key": "terms-of-this-agreement", "type": "clause", "offset": [313, 336]}, {"key": "to-the-company", "type": "definition", "offset": [445, 459]}, {"key": "transfer-to", "type": "definition", "offset": [464, 475]}, {"key": "designated-affiliates", "type": "definition", "offset": [489, 510]}, {"key": "the-restricted-shares", "type": "clause", "offset": [551, 572]}, {"key": "all-payments", "type": "definition", "offset": [595, 607]}, {"key": "delivery-of-the", "type": "clause", "offset": [792, 807]}], "samples": [{"hash": "5QGjRUVgf9G", "uri": "/contracts/5QGjRUVgf9G#consideration-closing", "label": "Right of First Refusal Agreement (Ocean Imagination L.P.)", "score": 26.6290206909, "published": true}, {"hash": "bDdC1mrVhSn", "uri": "/contracts/bDdC1mrVhSn#consideration-closing", "label": "Right of First Refusal Agreement (Ctrip Com International LTD)", "score": 26.4127311707, "published": true}, {"hash": "2YXgNhUClOs", "uri": "/contracts/2YXgNhUClOs#consideration-closing", "label": "Right of First Refusal Agreement (Keystone Lodging Holdings LTD)", "score": 26.4127311707, "published": true}], "snippet": "(a) If Ctrip exercises its Right of First Refusal to purchase any Restricted Shares, then, from and after the date of the ROFR Notice, the Transferor will have no further rights as a holder of such Restricted Shares except the right to receive payment for such Restricted Shares from Ctrip in accordance with the terms of this Agreement. The Transferor will forthwith cause all certificate(s) evidencing such Restricted Shares to be surrendered to the Company for Transfer to Ctrip or its designated Affiliates; and\n(b) The closing of the purchase of the Restricted Shares shall take place, and all payments from Ctrip shall have been delivered to the Transferor, by the later of (i) the date specified in the ROFR Notice as the intended date of the Transfer; and (ii) thirty (30) days after delivery of the ROFR Notice.", "size": 3, "hash": "cd7904c89129aaaee45fd381ead22080", "id": 7}, {"snippet_links": [{"key": "the-consideration", "type": "clause", "offset": [3, 20]}, {"key": "transfer-stock", "type": "definition", "offset": [49, 63]}, {"key": "other-non", "type": "clause", "offset": [92, 101]}, {"key": "cash-consideration", "type": "clause", "offset": [102, 120]}, {"key": "fair-market-value-of-the", "type": "clause", "offset": [126, 150]}, {"key": "good-faith-by-the-company", "type": "definition", "offset": [191, 216]}, {"key": "exercising-stockholder", "type": "definition", "offset": [246, 268]}, {"key": "for-any-reason", "type": "clause", "offset": [276, 290]}, {"key": "pay-for", "type": "definition", "offset": [291, 298]}, {"key": "form-of-non", "type": "clause", "offset": [330, 341]}, {"key": "cash-value", "type": "clause", "offset": [402, 412]}, {"key": "by-the-board-of-directors", "type": "clause", "offset": [461, 486]}, {"key": "purchase-of", "type": "clause", "offset": [507, 518]}, {"key": "all-payments", "type": "definition", "offset": [583, 595]}, {"key": "prospective-transferor", "type": "definition", "offset": [662, 684]}, {"key": "proposed-transfer-notice", "type": "clause", "offset": [732, 756]}, {"key": "date-of", "type": "clause", "offset": [773, 780]}, {"key": "delivery-of-the", "type": "clause", "offset": [835, 850]}], "samples": [{"hash": "c0pK2up46lc", "uri": "/contracts/c0pK2up46lc#consideration-closing", "label": "Right of First Refusal and Co Sale Agreement (BigCommerce Holdings, Inc.)", "score": 31.2067070007, "published": true}], "snippet": "If the consideration proposed to be paid for the Transfer Stock is in property, services or other non-cash consideration, the fair market value of the consideration shall be as determined in good faith by the Company\u2019s Board of Directors. If any Exercising Stockholder cannot for any reason pay for the Transfer Stock in the same form of non-cash consideration, such Exercising Stockholder may pay the cash value equivalent thereof, as determined in good faith by the Board of Directors. The closing of the purchase of Transfer Stock by Exercising Stockholders shall take place, and all payments from the Exercising Stockholders shall have been delivered to the Prospective Transferor, by the later of (i) the date specified in the Proposed Transfer Notice as the intended date of the Proposed Transfer and (ii) ninety (90) days after delivery of the Proposed Transfer Notice.", "size": 3, "hash": "259ecdbd6d8f84026706bffa6d16b740", "id": 9}, {"snippet_links": [{"key": "the-consideration", "type": "clause", "offset": [3, 20]}, {"key": "transfer-stock", "type": "definition", "offset": [49, 63]}, {"key": "other-non", "type": "clause", "offset": [92, 101]}, {"key": "cash-consideration", "type": "clause", "offset": [102, 120]}, {"key": "fair-market-value-of-the", "type": "clause", "offset": [126, 150]}, {"key": "good-faith-by-the-company", "type": "definition", "offset": [191, 216]}, {"key": "for-any-reason", "type": "clause", "offset": [262, 276]}, {"key": "pay-for", "type": "definition", "offset": [277, 284]}, {"key": "form-of-non", "type": "clause", "offset": [316, 327]}, {"key": "such-investor", "type": "clause", "offset": [348, 361]}, {"key": "cash-value", "type": "clause", "offset": [374, 384]}, {"key": "by-the-board-of-directors", "type": "clause", "offset": [433, 458]}, {"key": "purchase-of", "type": "clause", "offset": [479, 490]}, {"key": "by-the-investors", "type": "clause", "offset": [506, 522]}, {"key": "all-payments", "type": "definition", "offset": [545, 557]}, {"key": "transferring-holder", "type": "definition", "offset": [610, 629]}, {"key": "proposed-transfer-notice", "type": "clause", "offset": [677, 701]}, {"key": "date-of", "type": "clause", "offset": [718, 725]}, {"key": "delivery-of-the", "type": "clause", "offset": [784, 799]}], "samples": [{"hash": "1kecb2EXyN", "uri": "/contracts/1kecb2EXyN#consideration-closing", "label": "Stock Purchase Agreement (Planet Technologies, Inc)", "score": 21.0, "published": true}], "snippet": "If the consideration proposed to be paid for the Transfer Stock is in property, services or other non-cash consideration, the fair market value of the consideration shall be as determined in good faith by the Company\u2019s Board of Directors. If any Investor cannot for any reason pay for the Transfer Stock in the same form of non-cash consideration, such Investor may pay the cash value equivalent thereof, as determined in good faith by the Board of Directors. The closing of the purchase of Transfer Stock by the Investors shall take place, and all payments from the Investors shall have been delivered to the Transferring Holder, by the later of (i) the date specified in the Proposed Transfer Notice as the intended date of the proposed transfer and (ii) forty-five (45) days after delivery of the Proposed Transfer Notice.", "size": 3, "hash": "e6284a9b47a0322e623cc046f06c5c84", "id": 10}], "next_curs": "Cl4SWGoVc35sYXdpbnNpZGVyY29udHJhY3RzcjoLEhZDbGF1c2VTbmlwcGV0R3JvdXBfdjU2Ih5jb25zaWRlcmF0aW9uLWNsb3NpbmcjMDAwMDAwMGEMogECZW4YACAA", "clause": {"parents": [["right-of-first-refusal", "Right of First Refusal"], ["agreement-among-the-company-the-investors-and-the-key-holders", "Agreement Among the Company the Investors and the Key Holders"], ["miscellaneous", "Miscellaneous"], ["right-of-first-refusal-co-sale-and-restrictions-on-sale", "Right of First Refusal Co Sale and Restrictions on Sale"], ["notices", "Notices"]], "children": [["purchase-price", "Purchase Price"], ["closing", "Closing"], ["consideration", "Consideration"], ["time-of-closing", "TIME OF CLOSING"], ["closing-procedure", "CLOSING PROCEDURE"]], "title": "Consideration; Closing", "size": 336, "id": "consideration-closing", "related": [["option-closing", "Option Closing", "Option Closing"], ["merger-closing", "Merger Closing", "Merger Closing"], ["second-closing", "Second Closing", "Second Closing"], ["the-merger-closing", "The Merger Closing", "The Merger Closing"], ["first-closing", "First Closing", "First Closing"]], "related_snippets": [], "updated": "2026-06-20T04:26:15+00:00", "also_ask": ["What are the minimum consideration requirements to ensure enforceability of the closing?", "How can consideration and closing provisions be structured to maximize leverage in negotiations?", "What are the most common drafting pitfalls that could render the closing ineffective or void?", "How do consideration and closing standards differ across key jurisdictions?", "What evidence is typically required in court to prove valid consideration and a properly executed closing?"], "drafting_tip": "Specify payment terms and timing to ensure clarity; define closing conditions to prevent disputes; allocate responsibilities to facilitate smooth transaction completion.", "explanation": "The 'Consideration; Closing' clause defines the obligations or payments (consideration) that must be exchanged between parties and specifies the procedures and timing for the formal completion of a transaction (closing). In practice, this clause outlines what each party must deliver\u2014such as payment, documents, or assets\u2014and sets the conditions that must be met before the transaction is finalized, often detailing the location, date, and method of closing. Its core function is to ensure that both parties clearly understand their responsibilities and the steps required to successfully complete the deal, thereby reducing the risk of misunderstandings or disputes at the final stage of the transaction."}, "json": true, "cursor": ""}}