Common use of SECONDARY RIGHT OF FIRST REFUSAL BY THE CORPORATION Clause in Contracts

SECONDARY RIGHT OF FIRST REFUSAL BY THE CORPORATION. The Corporation shall have an exclusive option for two (2) business days after the expiration of the Purchaser Exclusive Option Period to acquire all of the Offered Stock that will not be acquired by the Other Purchaser. The Corporation may assign its purchase rights under this Section 3.3 to any or all of the Shareholders or to any other current executive officer or director of the Company who agrees in writing (in form reasonably acceptable to Purchasers) to be subject to and bound by the terms of this Agreement).

Appears in 4 contracts

Samples: Right of First Refusal Agreement (International Speedway Corp), Right of First Refusal Agreement (Penske Motorsports Inc), Refusal Agreement (Grand Prix Association of Long Beach Inc)

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