Common use of Sales Proceeds Clause in Contracts

Sales Proceeds. The stock certificate or certificates that the Investors deliver to the Transferring Shareholder pursuant to Section 5.3(a) shall be transferred to the prospective purchaser in consummation of the sale of the Stock pursuant to substantially the same terms and conditions as specified in the Transfer Notice, and the Transferring Shareholder shall upon receiving the same from the prospective purchaser concurrently remit to each Investor that portion of the sale proceeds to which that Investor is entitled by reason of its participation in the sale. To the extent that any prospective purchaser or purchasers prohibits assignment or otherwise refuses to purchase shares or other securities from the Investors, the Transferring Shareholder shall not sell to the prospective purchaser or purchasers any Stock unless and until, simultaneously with the sale, the Transferring Shareholder purchases those shares or other securities from the Investors.

Sales Proceeds. The stock certificate or certificates that the Investors deliver to the Transferring Shareholder pursuant to Section 5.3(a5.2(a) shall be transferred to the prospective purchaser in consummation of the sale of the Stock pursuant to substantially the same terms and conditions as specified in the Transfer Notice, and the Transferring Shareholder shall upon receiving the same from the prospective purchaser concurrently remit to each Investor that portion of the sale proceeds to which that Investor is entitled by reason of its participation in the sale. To the extent that any prospective purchaser or purchasers prohibits assignment or otherwise refuses to purchase shares or other securities from the Investors, the Transferring Shareholder shall not sell to the prospective purchaser or purchasers any Stock unless and until, simultaneously with the sale, the Transferring Shareholder purchases those shares or other securities from the Investors.

Sales Proceeds. The stock share certificate or certificates that the Investors deliver to the Transferring Shareholder Founder pursuant to Section 5.3(a5.3(b) shall be transferred to the prospective purchaser in consummation of the sale of the Stock Shares pursuant to substantially the same terms and conditions as specified in the Transfer Notice, and the Transferring Shareholder shall upon receiving the same from the prospective purchaser concurrently remit to each Investor that portion Notice only after confirmation of receipt of the sale proceeds purchase price for all of the shares subject to the Transfer Notice to which that Investor is entitled by reason of its participation in the sale. To the extent that any prospective purchaser or purchasers prohibits prohibit assignment or otherwise refuses refuse to purchase shares or other securities from the Investors, the Transferring Shareholder Founder shall not sell to the prospective purchaser or purchasers any Stock Shares unless and until, simultaneously with the sale, the Transferring Shareholder Founder purchases those shares or other securities from the Investors.

Sales Proceeds. The stock certificate or certificates that the Investors deliver to the Transferring Shareholder pursuant to Section 5.3(a) shall be transferred to the prospective purchaser in consummation of the sale of the Stock Offered Securities pursuant to substantially the same terms and conditions as specified in the Transfer Notice, and the Transferring Shareholder shall upon receiving the same from the prospective purchaser concurrently remit to each Investor that portion of the sale proceeds to which that Investor is entitled by reason of its participation in the sale. To the extent that any prospective purchaser or purchasers prohibits assignment or otherwise refuses to purchase shares or other securities Equity Securities from the Investors, the Transferring Shareholder shall not sell to the prospective purchaser or purchasers any Stock Offered Securities unless and until, simultaneously with the sale, the Transferring Shareholder purchases those shares or other securities Equity Securities from the Investors.

Sales Proceeds. The stock certificate or certificates that the Investors deliver Investor delivers to the Transferring Shareholder pursuant to Section 5.3(a5.2(a) shall be transferred to the prospective purchaser in consummation of the sale of the Stock pursuant to substantially the same terms and conditions as specified in the Transfer Notice, and the Transferring Shareholder shall upon receiving the same from the prospective purchaser concurrently remit to each the Investor that portion of the sale proceeds to which that the Investor is entitled by reason of its participation in the sale. To the extent that any prospective purchaser or purchasers prohibits assignment or otherwise refuses to purchase shares or other securities from the InvestorsInvestor, the Transferring Shareholder shall not sell to the prospective purchaser or purchasers any Stock unless and until, simultaneously with the sale, the Transferring Shareholder purchases those shares or other securities from the InvestorsInvestor.