Consummation of Co-Sale. A Selling Key Shareholder may exercise the Right of Co-Sale by delivering to the Seller at or before the Closing, one or more certificates, properly endorsed for Transfer, representing a number of shares not to exceed the number of shares to which the Selling Key Shareholder is entitled in Section 4.1, representing such Stock to be Transferred by the Seller on behalf of the Selling Key Shareholder. If the Selling Key Shareholder does not hold a certificate in that series, class or type of stock representing the number of securities to be sold by such Selling Key Shareholder pursuant to this Section 4, then the Company shall promptly issue a certificate representing the proper number of shares to be sold pursuant to this Right of Co-Sale. Following the Closing, the Company shall deliver a certificate for the remaining balance of the securities held by the Selling Key Shareholder, if any, to such Selling Key Shareholder. At the Closing, such certificates or other instruments will be Transferred and delivered to the Proposed Transferee as set forth in the Transfer Notice in consummation of the Transfer of the Offered Stock pursuant to the terms and conditions specified in the Transfer Notice, and the Proposed Transferee shall, and the Seller shall procure that the Proposed Transferee will, remit, or will cause to be remitted, to each Selling Key Shareholder against receipt of such certificates and transfer documents at such Closing, that portion of the proceeds of the Transfer to which each Selling Key Shareholder is entitled by reason of each Selling Key Shareholder’s participation in such Transfer pursuant to the Right of Co-Sale.
Consummation of Co-Sale. A Purchaser may exercise the Right of Co-Sale by delivering to the Founder at the closing of the transfer of Offered Stock to such transferee (the "Closing") one or more certificates, properly endorsed for Transfer, representing such stock to be transferred by the Purchaser. At the Closing, such certificates or other instruments will be transferred and delivered to the transferee set forth in the Founder's Notice in consummation of the transfer of the Offered Stock pursuant to the terms and conditions specified in such notice, and the Founder will remit, or will cause to be remitted, to the Purchaser within seven (7) days after such Closing that portion of the proceeds of the Transfer to which the Purchaser is entitled by reason of the Purchaser's participation in such transfer pursuant to the Right of Co-Sale.
Consummation of Co-Sale. Each Investor, in exercising the Right of Co-Sale, may effect such Investor’s participation in such Transfer by delivering to the Selling Shareholder at the closing of the transfer of Offered Stock to such transferee (the “Closing”) one or more certificates, properly endorsed for Transfer, representing such Stock to be Transferred by such Investor. At the Closing, such certificates or other instruments will be transferred and delivered to the Proposed Transferee(s) set forth in the Selling Shareholder’s Notice in consummation of the transfer of the Offered Stock pursuant to the terms and conditions specified in the Selling Shareholder’s Notice, and the Selling Shareholder will remit, or will cause to be remitted, to Investor within seven (7) days after such Closing that portion of the proceeds of the Transfer to which such Investor is entitled by reason of such Investor’s participation in such transfer pursuant to the Right of Co-Sale.
Consummation of Co-Sale. Each nontransferring Stockholder, in exercising its right of co-sale hereunder, may participate in the Transfer by delivering to the transferring Stockholder at the closing of the Transfer of the transferring Stockholder's Stock to the transferee (the "Closing") one or more certificates duly endorsed representing the shares of Stock to be transferred by such nontransferring Stockholder. At the Closing, such certificates will be delivered to the purchaser (whether such purchaser is the proposed transferee set forth in the Transfer Notice or those Stockholders who have exercised their rights of first refusal under Section 4.3) and the transferring Stockholder will remit, or will cause to be remitted, to the nontransferring Stockholder at the Closing that portion of the proceeds of the Transfer to which such nontransferring Stockholder would otherwise be entitled by reason of such nontransferring Stockholder's participation in such Transfer pursuant to these rights of co-sale.
Consummation of Co-Sale. An Investor, in exercising the Right of Co-Sale, may effect such Investor’s participation in such Transfer by delivering to the selling Key Holder at the Closing of the transfer of Transfer Stock to such transferee one or more certificates, properly endorsed for Transfer, representing such Capital Stock to be Transferred by such Investor. At the Closing, such certificates or other instruments will be transferred and delivered to the Prospective Transferee(s) set forth in the selling Key Holder’s Notice in consummation of the transfer of the Transfer Stock pursuant to the terms and conditions specified in the selling Key Holder’s Notice, and the selling Key Holder will remit, or will cause to be remitted, to each such Investor within seven (7) days after such Closing that portion of the proceeds of the Transfer to which such Investor is entitled by reason of such Investor’s participation in such Transfer pursuant to the Right of Co-Sale. In the event that an Investor electing to exercise its Right of Co-Sale fails to deliver the stock certificates as specified above at the Closing, such Investor shall have waived its Right of Co-Sale therefor and the selling Key Holder shall be entitled to complete the Transfer at the Closing without participation by the waiving Investor.
Consummation of Co-Sale. 4 Exceptions................................................................5 5. [Intentionally Omitted]...................................................5
Consummation of Co-Sale. Each Investor that exercises its Right of Co-Sale as provided in Section 3.1 will deliver to the Selling Stockholder at the closing of the Transfer of Offered Stock to the Proposed Transferee(s) (the "CLOSING") one or more certificates, properly endorsed for Transfer, representing the Stock to be Transferred by such Investor. At the Closing, such certificates or other instruments will be transferred and delivered to the Proposed Transferee(s) in consummation of the Transfer of the Offered Stock pursuant to the terms and conditions specified in the Selling Stockholder's Notice, and the Selling Stockholder will remit, or will cause to be remitted, to Investor at Closing that portion of the proceeds of the Transfer to which Investor is entitled by reason of such Investor's participation in such Transfer pursuant to the Right of Co-Sale.
Consummation of Co-Sale. (a) Each Investor exercising its right of co-sale hereunder shall effect its participation in the sale by promptly delivering to the Transferring Stockholder for transfer to the prospective Transferee one or more certificates, properly endorsed for transfer, which represent:
Consummation of Co-Sale. Each Investor may effect its Right of Co-Sale in such Transfer by delivering to the Selling Shareholder at the closing of the transfer of Offered Stock to such transferee (the “Closing”) one or more certificates, properly endorsed for Transfer, representing such Stock to be transferred by the Investor. At the Closing, such certificates or other instruments will be transferred and delivered to the transferee set forth in the Selling Shareholder’s Notice in consummation of the transfer of the Offered Stock pursuant to the terms and conditions specified in the Notice, and the Selling Shareholder will remit, or will cause there to be remitted, to the Investor on the date of such Closing that portion of the proceeds of the Transfer to which the Investor is entitled by reason of the Investor’s participation in the transfer pursuant to the Right of Co-Sale.
Consummation of Co-Sale. Each Remaining Shareholder, in exercising the Right of Co-Sale, may effect such Remaining Shareholder's participation in such Transfer by delivering to the Selling Shareholder at the closing of the transfer of Offered Stock to such transferee (the "CLOSING") one or more certificates, properly endorsed for Transfer, representing such Stock to be Transferred by such Remaining Shareholder. At the Closing, such certificates or other instruments will be transferred and delivered to the Proposed Transferee(s) set forth in the Selling Shareholder's Notice in consummation of the transfer of the Offered Stock pursuant to the terms and conditions specified in the Selling Shareholder's Notice, and the Selling Shareholder will remit, or will cause to be remitted, to each Remaining Shareholder within seven (7) days after such Closing that portion of the proceeds of the Transfer to which such Remaining Shareholder is entitled by reason of such Remaining Shareholder's participation in such transfer pursuant to the Right of Co-Sale.
