Common use of Sale to Third Parties Clause in Contracts

Sale to Third Parties. If, but only if, the Investors do not subscribe for all of the Offered Securities, the Company shall have one hundred twenty (120) days from the end of the foregoing 30-day or 5-day period, whichever is applicable, to sell all or any part of such Offered Securities as to which Investors have not accepted an Offer to any other Persons (including other members of the Company), at a price and on terms and conditions which are no more favorable to such other Persons or less favorable to the Company than those set forth in the Offer. Any Offered Securities not purchased by the Investors or other Persons in accordance with Section 2.3 and this Section 2.4 may not be sold or otherwise disposed of until they are again offered to the Investors under the procedures specified in this Article 2.

Appears in 7 contracts

Samples: Indemnification Agreement (China Rapid Finance LTD), Investor Rights Agreement (China Rapid Finance LTD), Indemnification Agreement (China Rapid Finance LTD)

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Sale to Third Parties. If, but only if, the Investors Qualified ------------ --------------------- Stockholders do not subscribe for all of the Offered Securities, the Company shall have one hundred twenty (120) 150 days from the end of the foregoing 30-day 15- or 5five-day period, whichever is applicable, to sell all or any part of such Offered Securities as to which Investors Qualified Stockholders have not accepted an Offer to any other Persons (including other members of the Company)Persons, at a price and on terms and conditions which are no more favorable to such other Persons or less favorable to the Company than those set forth in the Offer. Any Offered Securities not purchased by the Investors Qualified Stockholders or other Persons in accordance with Section 2.3 Sections 3.03 and this Section 2.4 3.04 may not be sold or otherwise disposed of until they are again offered to the Investors Stockholders under the procedures specified in this Article 2III.

Appears in 1 contract

Samples: Stockholders Agreement (Sycamore Park Convalescent Hospital)

Sale to Third Parties. If, but only if, the Investors Qualified Stockholders do not subscribe for all of the Offered Securities, the Company shall have one hundred twenty (120) 150 days from the end of the foregoing 3015-day Business Day or 5five-day period, whichever is applicable, to sell all or any part of such Offered Securities as to which Investors Qualified Stockholders have not accepted an Offer to any other Persons (including other members of the Company)Persons, at a price and on terms and conditions which are no more favorable to such other Persons or less favorable to the Company than those set forth in the Offer. Any Offered Securities not purchased by the Investors Qualified Stockholders or other Persons in accordance with Section 2.3 2.03 and this Section 2.4 2.04 may not be sold or otherwise disposed of until they are again offered to the Investors Qualified Stockholders under the procedures specified in this Article 2II.

Appears in 1 contract

Samples: Stockholders Agreement (Skilled Healthcare Group Inc)

Sale to Third Parties. If, but only if, the Investors Shareholders do not subscribe for all of the Offered Securities, the Company shall have one hundred twenty (120) 150 days from the end of the foregoing 30-day 15- or 5five-day period, whichever is applicable, to sell all or any part of such Offered Securities as to which Investors Shareholders have not accepted an Offer to any other Persons (including other members of the Company)Persons, at a price and on terms and conditions which are no more favorable to such other Persons or less favorable to the Company than those set forth in the Offer. Any Offered Securities not purchased by the Investors Shareholders or other Persons in accordance with Section 2.3 4.3 and this Section 2.4 4.4 may not be sold or otherwise disposed of until they are again offered to the Investors Shareholders under the procedures specified in this Article 24.

Appears in 1 contract

Samples: Shareholders Agreement (Daily Journal Corp)

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Sale to Third Parties. If, but only if, the Investors Stockholders do not subscribe for all of the Offered Securities, the Company shall have one hundred twenty (120) 120 days from the end of the foregoing 3015-day or 5-day period, whichever is applicable, Business Day period to sell all or any part of such Offered Securities as to which Investors Stockholders have not accepted an Offer to any other Persons (including other members of the Company)Persons, at a price and on terms and conditions which are no more favorable to such other Persons or less favorable to the Company than those set forth in the Offer. Any Offered Securities not purchased by the Investors Stockholders or other Persons in accordance with Section 2.3 3.03 and this Section 2.4 3.04 may not be sold or otherwise disposed of until they are again offered to the Investors Stockholders under the procedures specified in this Article 2ARTICLE III.

Appears in 1 contract

Samples: Loan Agreement (Ener1 Inc)

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