Common use of First Refusal Rights Clause in Contracts

First Refusal Rights. The Company may elect pursuant to this paragraph 15 to purchase all (but not less than all) of the Option Shares to be transferred by Optionee upon the same terms and conditions as those set forth in the Sale Notice by delivering a written notice of such election to Optionee within 20 days after the receipt of the Sale Notice by the Company. The Company shall be given up to 30 days (after delivery of such written notice) to consummate the purchase and sale of Option Shares. If the Company has not elected to purchase all of the Option Shares specified in the Sale Notice, Optionee may transfer the Option Shares specified in the Sale Notice at a price and on terms no more favorable to the transferee(s) thereof than specified in the Sale Notice during the 60-day period immediately following the Authorization Date. Any Option Shares not transferred within such 60-day period shall be subject to the provisions of this paragraph 15(b) upon subsequent transfer.

First Refusal Rights. The Company may elect pursuant to this paragraph 15 to purchase all (but not less than all) of the Option Shares to be transferred by Optionee you upon the same terms and conditions as those set forth in the Sale Notice by delivering a written notice of such election to Optionee you within 20 days after the receipt of the Sale Notice by the Company. The Company shall be given up to 30 days (after delivery of such written notice) to consummate the purchase and sale of Option Shares. If the Company has not elected to purchase all of the Option Shares specified in the Sale Notice, Optionee you may transfer the Option Shares specified in the Sale Notice at a price and on terms no more favorable to the transferee(s) thereof than specified in the Sale Notice during the 60-day period immediately following the Authorization Date. Any Option Shares not transferred within such 60-day period shall be subject to the provisions of this paragraph 15(b) upon subsequent transfer.

First Refusal Rights. The Company may elect pursuant to this paragraph 15 to purchase all (but not less than all) or any portion of the Option Shares to be transferred by Optionee the holder thereof upon the same terms and conditions as those set forth in the Sale Notice by delivering a written notice of such election to Optionee the holder within 20 twenty (20) days after the receipt of the Sale Notice by the Company. The Company shall be given have up to 30 thirty (30) days (after delivery of such written notice) to consummate the purchase and sale of Option Shares. If the Company has not elected to purchase all of the Option Shares specified in the Sale Notice, Optionee the holder of the Option Shares may transfer the remaining Option Shares specified in the Sale Notice at a price and on terms no more favorable to the transferee(s) thereof than specified in the Sale Notice during the sixty (60-) day period immediately following the Authorization Date. Any Option Shares not transferred within such 60-day period shall be subject to the provisions of this paragraph 15(bsubsection (b) of this Section upon subsequent transfer.

First Refusal Rights. The Company may elect pursuant to this paragraph 15 to purchase all (but not less than all) of the Option Shares to be transferred by the Optionee upon the same terms and conditions as those set forth in the Sale Notice by delivering a written notice of such election to the Optionee within 20 days after the receipt of the Sale Notice by the Company. The Company shall be given up to 30 days (after delivery of such written notice) its notice to consummate the purchase and sale of Option Shares. If the Company has elects not elected to purchase all of the Option Shares specified in the Sale Notice, the Optionee may transfer the Option Shares specified in the Sale Notice at a price and on terms no more favorable to the transferee(s) thereof than specified in the Sale Notice during the 60-60- day period immediately following the Authorization Date. Any Option Shares not transferred within such 60-day period shall be subject to the provisions of this paragraph 15(b10(b) upon subsequent transfer.