Common use of Transfers of Rights Clause in Contracts

Transfers of Rights. The rights and obligations of the Investor ------------------- under Section 2 may be assigned by Investor to any person or entity that acquires shares of Common Stock having an aggregate value of at least $2,500,000 (as adjusted in stock splits and similar events) from the Investor. The rights and obligations of the Investor under Section 3.1 may be assigned only to a Permitted Transferee, and upon such assignment, the rights and obligations of the Investor under Section 3.1 shall terminate. In the event of any such assignment, the assignee must provide written notice of such assignment to the Company and agree in writing to be bound by the applicable provisions of this Agreement.

Appears in 3 contracts

Samples: Investor Rights Agreement (Navisite Inc), Rights Agreement (Navisite Inc), Investor Rights Agreement (Altavista Co)

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Transfers of Rights. The rights and obligations of the Investor under ------------------- under Section 2 may be assigned by Investor to any person or entity that acquires requires at least $2,500,000 shares of Common Stock having an aggregate value of at least $2,500,000 (as adjusted in stock splits and similar events) from the Investor. The rights and obligations of the Investor under Section 3.1 3 may be assigned only to a Permitted Transferee, and and, upon such assignment, the rights and obligations of the Investor under Section 3.1 3 shall terminate. In the event of any such assignmenttransfer, the assignee transferee must provide written notice of such assignment to the Company and agree in writing to be bound by the applicable provisions of this Agreement.

Appears in 2 contracts

Samples: Rights Agreement (Engage Technologies Inc), Rights Agreement (Engage Technologies Inc)

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Transfers of Rights. The rights and obligations of the ------------------- Investor ------------------- under Section 2 may be assigned by Investor to any person or entity that acquires shares of Common Stock having an aggregate value of at least $2,500,000 (as adjusted in stock splits and similar events) from the Investor. The rights and obligations of the Investor under Section 3.1 may be assigned only to a Permitted Transferee, and upon such assignment, the rights and obligations of the Investor under Section 3.1 shall terminate. In the event of any such assignment, the assignee must provide written notice of such assignment to the Company and agree in writing to be bound by the applicable provisions of this Agreement.

Appears in 1 contract

Samples: Investor Rights Agreement (Altavista Co)

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