Common use of Exercise of Right Clause in Contracts

Exercise of Right. If any Investor exercises its right of first offer hereunder, the closing of the purchase of the New Securities with respect to which such right has been exercised shall take place within ninety (90) calendar days after each Investor gives notice of such exercise, which period of time shall be extended in order to comply with applicable laws and regulations. Upon exercise of such right of first offer, the Company and such Investor shall be legally obligated to consummate the purchase contemplated thereby and shall use their best efforts to secure any approvals required in connection therewith.

Appears in 3 contracts

Samples: Rights Agreement (Varsitybooks Com Inc), Investors' Rights Agreement (Varsitybooks Com Inc), ' Rights Agreement (Varsitybooks Com Inc)

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Exercise of Right. If any Investor exercises its right of first offer hereunder, the closing of the purchase of the New Securities by such Investor with respect to which such right has been exercised shall take place within ninety (90) calendar days after each the Investor gives notice of such exercise, which period of time shall be extended in order to comply with applicable laws and regulations. Upon exercise of such right of first offer, the Company and such Investor shall be legally obligated to consummate the purchase contemplated thereby and shall use their best efforts to secure any approvals required in connection therewith.

Appears in 2 contracts

Samples: Investor Rights Agreement (Omneon Video Networks, Inc.), Investor Rights Agreement (Omneon Video Networks, Inc.)

Exercise of Right. If any Major Investor exercises its right of first offer hereunder----------------- participation under this Agreement, the closing of the purchase of the New Securities with respect to which such right has been exercised shall take place within ninety (90) calendar days after each the Major Investor gives notice of such exercise, which period of time shall be extended in order to comply with applicable laws and regulations. Upon exercise of such right of first offerrefusal, the Company and such the Major Investor shall be legally obligated to consummate the purchase contemplated thereby and shall use their best efforts to secure any approvals required in connection therewith.

Appears in 2 contracts

Samples: Rights Agreement (Preview Systems Inc), Rights Agreement (Preview Systems Inc)

Exercise of Right. If any Investor exercises its right of ----------------- first offer hereunderrefusal under this Agreement, the closing of the purchase of the New Securities with respect to which such right has been exercised shall take place within ninety (90) calendar days after each the Investor gives notice of such exercise, which period of time shall be extended in order to comply with applicable laws and regulations. Upon exercise of such right of first offerrefusal, the Company and such the Investor shall be legally obligated to consummate the purchase contemplated thereby and shall use their best efforts to secure any approvals required in connection therewith.

Appears in 1 contract

Samples: Rights Agreement (Neomagic Corp)

Exercise of Right. If any Investor exercises its right of first ----------------- offer hereunder, the closing of the purchase of the New Securities with respect to which such right has been exercised shall take place within ninety forty-five (9045) calendar days after each the Investor gives notice of such exercise, which period of time shall be extended in order to comply with applicable laws and regulations. Upon exercise of such right of first offer, the Company and such the Investor shall be legally obligated to consummate the purchase contemplated thereby and shall use their best efforts to secure any approvals required in connection therewith.

Appears in 1 contract

Samples: Investor Rights Agreement (Usweb Corp)

Exercise of Right. If any Investor exercises its right of first offer ----------------- refusal hereunder, the closing of the purchase of the New Securities with respect to which such right has been exercised shall take place within ninety (90) calendar days after each Investor gives notice of such exercise, which period of time shall be extended in order if necessary to comply with applicable laws and regulations. Upon exercise of such right of first offerrefusal, the Company and such Investor shall be legally obligated to consummate the purchase contemplated thereby and shall use their best efforts to secure any approvals required in connection therewith.

Appears in 1 contract

Samples: Investors' Rights Agreement (2bridge)

Exercise of Right. If any either Investor exercises its right of first offer participation hereunder, the closing of the purchase of the New Securities with respect to which such right has been exercised shall take place within ninety sixty (9060) calendar days after each the Investor gives notice of such exercise, which period of time shall be extended in order to comply with applicable laws and regulations. Upon exercise of such right of first offerrefusal, the Company and such the Investor shall be legally obligated to consummate the purchase contemplated thereby thereby, subject to customary standard closing conditions, and shall use their best efforts to secure any approvals required in connection therewith.

Appears in 1 contract

Samples: Investor Rights Agreement (Leap Technology Inc / De)

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Exercise of Right. If any the Investor exercises its right of first offer hereunder, the closing of the purchase of the New Securities with respect to which such right has been exercised shall take place within ninety (90) calendar days after each the Investor gives notice of such exercise, which period of time shall be extended in order to comply with applicable laws and regulations. Upon exercise of such right of first offer, the Company and such the Investor shall be legally obligated to consummate the purchase contemplated thereby and shall use their reasonable best efforts to secure any approvals required in connection therewith.

Appears in 1 contract

Samples: Shareholders' Rights Agreement (Precision Response Corp)

Exercise of Right. If any Investor exercises its right of first offer hereunder, the closing of the purchase of the New Securities with respect to which such right has been exercised shall take place within ninety thirty (9030) calendar days after each the Investor gives notice of such exercise, which period of time shall be extended in order to comply with applicable laws and regulations. Upon exercise of such right of first offer, the Company and such the Investor shall be legally obligated to consummate the purchase contemplated thereby and shall use their best efforts to secure any approvals required in connection therewith.

Appears in 1 contract

Samples: Investor Rights Agreement (Sandbox Entertainment Corp)

Exercise of Right. If any Investor exercises its right of first offer hereunder, the closing of the purchase of the New Securities with respect to which such right has been exercised shall take place within ninety (90) calendar days after each the Investor gives notice of such exercise, which period of time shall be extended in order to comply with applicable laws and regulations. Upon exercise of such right of first offer, the Company and such the Investor shall be legally obligated to consummate the purchase contemplated thereby and shall use their best efforts to secure any approvals required in connection therewith.

Appears in 1 contract

Samples: Rights Agreement (Lightspan Partnership Inc)

Exercise of Right. If any Investor Stockholder exercises its right Right of first offer First Offer hereunder, the closing of the purchase of the New Securities with respect to which such right has been exercised shall take place within ninety forty-five (9045) calendar days after each Investor such Stockholder gives notice of such exercise, which period of time shall be extended in order to comply with applicable laws and regulations. Upon exercise of such right Right of first offerFirst Offer, the Company and such the Investor shall be legally obligated to consummate the purchase contemplated thereby and shall use their best efforts to secure any approvals required in connection therewith.

Appears in 1 contract

Samples: Stockholders Agreement (Linktone LTD)

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