Secondary Refusal Right definition

Secondary Refusal Right means the right, but not an obligation, of each Investor to purchase up to its pro rata portion (based upon the total number of shares of Capital Stock then held by all Investors) of any Transfer Stock not purchased pursuant to the Right of First Refusal, on the terms and conditions specified in the Proposed Transfer Notice.
Secondary Refusal Right means the right, but not an obligation, of the Company to purchase any Transfer Stock not purchased pursuant to the Right of First Refusal, on the terms and conditions specified in the Proposed Transfer Notice.
Secondary Refusal Right means the right, but not an obligation, of each Investor to purchase up to its Pro Rata Portion of any Transfer Stock not purchased pursuant to the Right of First Refusal, on the terms and conditions specified in the Proposed Transfer Notice.

Examples of Secondary Refusal Right in a sentence

  • Subject to the terms of Section 3, each Stockholder hereby unconditionally and irrevocably grants to the Company a Secondary Refusal Right to purchase all or any portion of the Transfer Stock not purchased by the Non-Selling Stockholders pursuant Sections 2.1(a), 2.1(b) and 2.1(c), as provided in this section.


More Definitions of Secondary Refusal Right

Secondary Refusal Right means the right, but not an obligation, of each Investor, in the case of a Proposed Key Holder Transfer, or each Key Holder, in the case of a Proposed Investor Transfer, to purchase up to its pro rata portion (based upon the total number of shares of Capital Stock then held by all Investors or Key Holders, as the case may be) of any Transfer Stock not purchased pursuant to the Right of First Refusal, on the terms and conditions specified in the Proposed Transfer Notice.
Secondary Refusal Right means the right, but not an obligation, of each Investor, or his, her or its permitted transferees or assigns, to purchase up to its pro rata portion (based upon the relative number of shares of Preferred Stock then held by all Investors, on an as-converted to Common Stock basis (including any previously converted shares of Preferred Stock)) of some or all of the Transfer Stock with respect to a Proposed Transfer, on the terms and conditions specified in the Proposed Transfer Notice.
Secondary Refusal Right has the meaning set forth in Section 9.8(b)(iii).
Secondary Refusal Right means the right, but not an obligation, of each Shareholder to purchase up to its pro rata portion (based upon the total number of shares of Shares then held by
Secondary Refusal Right means the right, but not an obligation, of the Company to purchase some or all of the Shares subject to a Proposed Transfer that are not purchased pursuant to the Right of First Refusal, on the terms and conditions specified in the Proposed Transfer Notice.
Secondary Refusal Right means the right, but not the obligation, of Parent to purchase all or a portion of the Capital Stock proposed to be sold or transferred in a Key Holder Proposed Transfer (which is not purchased by Company), at the price and on the terms and conditions specified in the Key Holder Proposed Transfer Notice.
Secondary Refusal Right means the right, but not an obligation, of GCP or Monster Worldwide to purchase up to its pro rata portion (based upon their respective relative aggregate amounts invested in the Company in connection with the July 2005 Financing) of any Transfer Stock not purchased pursuant to the Company’s right of first refusal set forth in Section 2(a), on the terms and conditions specified in the Proposed Transfer Notice.