Common use of Rights of a Selling Shareholder Clause in Contracts

Rights of a Selling Shareholder. If the Company or any Preferred Holder exercises its right of first refusal to purchase any Offered Shares, then, upon the date the notice of such exercise is given by the Company or such Preferred Holder, as the case may be, the Selling Shareholder will have no further rights as a holder of such Offered Shares except the right to receive payment for such Offered Shares from the Company or such Preferred Holder in accordance with the terms of this Agreement, and the Selling Shareholder will forthwith cause all certificate(s) evidencing such Offered Shares to be surrendered to the Company for transfer to the Company or such Preferred Holder, as the case may be.

Rights of a Selling Shareholder. If the Company or any Preferred Holder exercises its right of first refusal to purchase any up to its pro rata portion of the Offered Shares, then, upon the date the notice of such exercise is given by the Company or such Preferred Holder, as the case may be, the Selling Shareholder will have no further rights as a holder of such Offered Shares except the right to receive payment for such portion of Offered Shares from the Company or such Preferred Holder in accordance with the terms of this Agreement, and the Selling Shareholder will forthwith cause all certificate(s) evidencing such portion of Offered Shares to be surrendered to the Company for transfer to the Company or such Preferred Holder, as the case may be.

Rights of a Selling Shareholder. If the Company or any Preferred Holder Shareholder exercises its right of first refusal to purchase any the Offered Shares, then, upon the date the notice of such exercise is given by the Company or such Preferred Holder, as the case may beShareholders, the Selling Shareholder will have no further Shareholder’s rights as a holder of such Offered Shares except shall be suspended until the right to receive Selling Shareholder receives payment for such Offered Shares from the Company or such Preferred Holder Shareholder in accordance with the terms of this Agreement, and the Selling Shareholder will forthwith cause all certificate(s) evidencing such Offered Shares to be surrendered to the Company for transfer to the Company or such Preferred Holder, as the case may beShareholder.

Rights of a Selling Shareholder. If the Company or any Preferred Holder or Ordinary Holder exercises its right of first refusal to purchase any the Offered Shares, then, upon the date the notice of such exercise is given by the Company or such Preferred Holder, Holder or Ordinary Holder (as the case may be), the Selling Shareholder will have no further rights as a holder of such Offered Shares except the right to receive payment for such Offered Shares from the Company or such Preferred Holder or Ordinary Holder in accordance with the terms of this Agreement, and the Selling Shareholder will forthwith cause all certificate(s) evidencing such Offered Shares to be surrendered to the Company for transfer to the Company or such Preferred Holder or Ordinary Holder, as the case may be.