Common use of No Closing Clause in Contracts

No Closing. If neither the Company nor the other Stockholders elects to purchase all of the Offered Stock in accordance with Sections 6(a)(iii) and 6(a)(iv) then the Transferring Holder may Transfer all of the Offered Stock, at a price which is not less than the price specified in the First Refusal Transfer Notice and on other terms and conditions which are not materially more favorable in the aggregate to any transferee thereof than those specified in the First Refusal Transfer Notice, to any Person specified in the applicable First Refusal Transfer Notice, but only to the extent that such Transfer occurs within one-hundred and twenty (120) days after expiration of the Stockholder Refusal Exercise Period. Any Stockholder Shares not Transferred within such 120-day period will be subject to the provisions of this Section 6 upon subsequent Transfer.

No Closing. If neither the Company nor the other Stockholders elects to purchase all of the Offered Stock Securities in accordance with Sections 6(a)(iii5(c) and 6(a)(iv) 5(d), then the Transferring Selling Holder may Transfer all of the Offered StockSecurities, at a price which is not less than the price Offered Price specified in the First Refusal Transfer Notice and on other terms and conditions which are not materially more favorable in the aggregate to any transferee thereof than those specified in the First Refusal Transfer Notice, to any Person specified in the applicable First Refusal Transfer NoticePerson, but only to the extent that such Transfer occurs within one-hundred and twenty (120) days after expiration of the Stockholder Refusal Exercise Period. Any Stockholder Shares not Transferred within such 120-day period will be subject to the provisions of this Section 6 5 upon subsequent Transfer.