Common use of Right of Co-Sale Clause in Contracts

Right of Co-Sale. (a) To the extent the Company and the Holders do not exercise their respective rights of refusal as to all of the Offered Shares pursuant to Section 2.1, then each Holder (a “Selling Holder” for purposes of this Section 2.2 and Section 2.6) that notifies the Selling Common Holder in writing within [***] after Delivery of the Additional Transfer Notice referred to in Section 2.1(c) shall have the right to participate in such sale of Equity Securities on the same terms and conditions as specified in the Transfer Notice. Such Selling Holder’s notice to the Selling Common Holder shall indicate the number of shares of capital stock of the Company that the Selling Holder desires to sell. To the extent one or more Selling Holders exercise such right of participation in accordance with the terms and conditions of this Section 2.2, the number of shares of Equity Securities that the Selling Common Holder may sell in the Transfer shall be correspondingly reduced.

Appears in 4 contracts

Samples: Sale Agreement (PureTech Health PLC), Sale Agreement (PureTech Health PLC), Sale Agreement (PureTech Health PLC)

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Right of Co-Sale. (a) To the extent the Company and the Holders do not exercise their respective rights of refusal as to all of the Offered Shares pursuant to Section 2.1, then each Holder (a “Selling Holder” for purposes of this Section 2.2 and Section 2.6) that notifies the Selling Common Holder in writing within [***] twenty (20) days after Delivery of the Additional Transfer Notice referred to in Section 2.1(c) shall have the right to participate in such sale of Equity Securities on the same terms and conditions as specified in the Transfer Notice. Such Selling Holder’s notice to the Selling Common Holder shall indicate the number of shares of capital stock of the Company that the Selling Holder desires to sell. To the extent one or more Selling Holders exercise such right of participation in accordance with the terms and conditions of this Section 2.2, the number of shares of Equity Securities that the Selling Common Holder may sell in the Transfer shall be correspondingly reduced.

Appears in 1 contract

Samples: Sale Agreement (WayBetter, Inc.)

Right of Co-Sale. (a) To the extent the Company and the Holders do not exercise their respective rights of refusal as to all of the Offered Shares pursuant to Section 2.1, then each Holder (a “Selling Holder” for purposes of this Section 2.2 and Section 2.62.2) that notifies the Selling Common Holder in writing within [***] twenty (20) business days after Delivery of the Additional Transfer Notice referred to in Section 2.1(c) shall have the right to participate in such sale of Equity Securities on the same terms and conditions as specified in the Transfer Notice. Such Selling Holder’s notice to the Selling Common Holder shall indicate the number of shares of capital stock of the Company that the Selling Holder desires to sell. To the extent one or more Selling Holders exercise such right of participation in accordance with the terms and conditions of this Section 2.2, the number of shares of Equity Securities that the Selling Common Holder may sell in the Transfer shall be correspondingly reduced.

Appears in 1 contract

Samples: First Refusal and Co Sale Agreement (Crush Capital Inc.)

Right of Co-Sale. (a) To the extent the Company and the Holders do not exercise their respective rights of refusal as to all of the Offered Shares pursuant to Section 2.1, then each Holder (a “Selling Holder” for purposes of this Section 2.2 and Section 2.62.2) that notifies the Selling Common Holder in writing within [***] twenty (20) days after Delivery of the Additional Transfer Notice referred to in Section 2.1(c) shall have the right to participate in such sale of Equity Securities on the same terms and conditions as specified in the Transfer Notice. Such Selling Holder’s notice to the Selling Common Holder shall indicate the number of shares of capital stock of the Company that the Selling Holder desires to sell. To the extent one or more Selling Holders exercise such right of participation in accordance with the terms and conditions of this Section 2.2, the number of shares of Equity Securities that the Selling Common Holder may sell in the Transfer shall be correspondingly reduced.

Appears in 1 contract

Samples: First Refusal and Co Sale Agreement (Rise Companies Corp)

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Right of Co-Sale. (a) To the extent the Company and the Holders Major Shareholders do not exercise their respective rights of first refusal as to all of the Offered Shares Equity Securities proposed to be sold by any Holder pursuant to Section 2.12.2(b), then each Holder (a “Selling Holder” for purposes Major Shareholder that did not exercise its right of this Section 2.2 and Section 2.6) that notifies the Selling Common Holder in writing within [***] after Delivery of the Additional Transfer Notice referred first refusal with respect to in Section 2.1(c) such Offered Shares shall have the right to participate in such sale of Equity Securities on the same terms and conditions as specified in the Transfer NoticeNotice by notifying the Transferor in writing within the Major Shareholder Option Period (such Major Shareholder, a “Selling Shareholder”). Such Selling HolderShareholder’s notice to the Selling Common Holder Transferor shall indicate the number of shares of capital stock of the Company that Equity Securities the Selling Holder desires Shareholder wishes to sellsell under its right to participate. To the extent one or more Selling Holders of the Major Shareholders exercise such right of participation in accordance with the terms and conditions of this Section 2.2set forth below, the number of shares of Equity Securities that the Selling Common Holder Transferor may sell in the Transfer shall be correspondingly reduced.

Appears in 1 contract

Samples: Share Purchase Agreement (Visionchina Media Inc.)

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