Common use of Rights of a Selling Shareholder Clause in Contracts

Rights of a Selling Shareholder. If any ROFR Shareholder exercises its right of first refusal to purchase the Offered Shares, then, upon the date the notice of such exercise is given by the ROFR Shareholder, 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 such ROFR 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 such ROFR Shareholder together with an executed instrument of transfer.

Appears in 3 contracts

Samples: Shareholders Agreement, The Fourth Amended and Restated Shareholders Agreement (Niu Technologies), The Fourth Amended and Restated Shareholders Agreement (Niu Technologies)

AutoNDA by SimpleDocs

Rights of a Selling Shareholder. If any ROFR Shareholder Rights Holder exercises its right of first refusal to purchase the Offered Shares, then, upon the date the notice of such exercise is given by the ROFR ShareholderRights Holder, 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 such ROFR Shareholder Rights 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 such ROFR Shareholder Rights Holder together with an executed instrument of transfer.

Appears in 2 contracts

Samples: Shareholders Agreement (Jinxin Technology Holding Co), Shareholders Agreement (Jinxin Technology Holding Co)

AutoNDA by SimpleDocs

Rights of a Selling Shareholder. If any ROFR Shareholder Holder exercises its right of first refusal to purchase the Offered Shares, then, upon the date the notice of such exercise is given by the ROFR ShareholderHolder, 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 such ROFR Shareholder 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 such ROFR Shareholder together with an executed instrument of transferHolder.

Appears in 2 contracts

Samples: And Restated Shareholders Agreement (Genetron Holdings LTD), Shareholders Agreement (Genetron Holdings LTD)

Time is Money Join Law Insider Premium to draft better contracts faster.