Common use of Consummation of Co-Sale Clause in Contracts

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.

Appears in 2 contracts

Samples: Third Amended and Restated Shareholders Agreement (RealD Inc.), Shareholders Agreement (RealD Inc.)

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Consummation of Co-Sale. Each Investor, in exercising the Right ----------------------- of Co-Sale, may effect such Investor’s 's participation in such Transfer by delivering to the Selling Shareholder at the closing of the transfer Transfer of Offered Shareholder Stock to such transferee the Proposed Transferee(s) (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 Transferred and delivered to the Proposed Transferee(s) set forth in the Selling Shareholder’s Notice in consummation of the transfer Transfer of the Offered Shareholder 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 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 's participation in such transfer pursuant to the Right of Co-Sale.

Appears in 1 contract

Samples: Preferred Stock Purchase Agreement (Alladvantage Com Inc)

Consummation of Co-Sale. Each Investor, in Investor or Common Stock Holder exercising the Right of Co-Sale, may effect such Investor’s participation in such Transfer by delivering Sale (the “Exercising Shareholder”) shall deliver to the Selling Shareholder Transferring Holder, at the closing of the transfer of Offered Stock Shares to such transferee (the “Closing”) one or more ), a number of certificates, properly endorsed for Transfertransfer, representing such Stock stock to be Transferred transferred by such Investorthe Exercising Shareholder. At the Closing, such certificates or other instruments will be transferred and delivered to the Proposed Transferee(s) transferee set forth in the Selling Shareholder’s Transfer Notice in consummation of the transfer of the Offered Stock Shares pursuant to the terms and conditions specified in the Selling Shareholder’s Noticesuch notice, and the Selling Shareholder Transferring Holder will remit, or will cause to be remitted, to Investor the Exercising Shareholder within seven three (73) days after such Closing that portion of the proceeds of the Transfer transfer to which such Investor the Exercising Shareholder is entitled by reason of such Investorthe Exercising Shareholder’s participation in such transfer pursuant to the Right of Co-Sale.

Appears in 1 contract

Samples: Sale Agreement (Reply! Inc)

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Consummation of Co-Sale. Each Investor, in exercising the Right of Co-Sale, may effect such Investor’s 's participation in such Transfer by delivering to the Selling Shareholder Stockholder 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 Stockholder's Notice in consummation of the transfer of the Offered Stock pursuant to the terms and conditions specified in the Selling Shareholder’s Stockholder's Notice, and the Selling Shareholder Stockholder will remit, or will cause to be remitted, to Investor within seven (7) days after at such Closing that portion of the proceeds of the Transfer to which such Investor is entitled by reason of such Investor’s 's participation in such transfer pursuant to the Right of Co-Sale.

Appears in 1 contract

Samples: Co Sale Agreement (Sorrento Networks Corp)

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