Effect of Failure to Comply. Any Transfer not made in compliance with this Agreement shall be null and void ab initio, shall not be recorded on the books of the Company or its transfer agent and shall not be recognized by the Company. If any Investor becomes obligated to sell any Securities to the Company pursuant to Section 4(b) and fails to deliver such Securities in accordance with Section 4(b), the Company may, at its option, in addition to all other remedies it may have, send to such Investor the purchase price for such Securities as specified in the Transfer Notice (defined below) and transfer to the name of the Company on the Company’s books any certificates, instruments, or book entry representing the Securities to be sold.
Appears in 3 contracts
Samples: Investors’ Rights Agreement, Investors’ Rights Agreement, Rights Agreement
Effect of Failure to Comply. Any Transfer not made in compliance with this Agreement shall be null and void ab initio, shall not be recorded on the books of the Company or its transfer agent and shall not be recognized by the Company. If any Investor becomes obligated to sell any Securities to the Company pursuant to Section 4(b) 4.2 and fails to deliver such Securities in accordance with Section 4(b)4.2, the Company may, at its option, in addition to all other remedies it may have, send to such Investor the purchase price for such Securities as specified in the Transfer Notice (defined below) and transfer to the name of the Company on the Company’s books any certificates, instruments, instruments or book entry representing the Securities to be sold.
Appears in 1 contract
Samples: Investors’ Rights Agreement
