Company Option. Upon the giving of such Transfer Notice, the Company shall have the first option (but not the obligation) to purchase all, but not less than all, of the Offered Shares at the cash price specified in the Transfer Notice by giving a written notice (the "Election Notice") to the Selling Stockholder and Packaging Investors within fifteen (15) days after the date of the Transfer Notice. The failure by the Company to deliver the Election Notice within fifteen (15) days after the date of the Transfer Notice shall operate as a waiver of the Company's rights under this Section 4(b)(ii).
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Samples: Stockholders Agreement (DCBS Investors LLC), Stockholders Agreement (Keystone Inc Et Al), Stockholders Agreement (Packaging Dynamics Corp)
Company Option. Upon the giving of such Transfer Notice, -------------- the Company shall have the first option (but not the obligation) to purchase all, but not less than all, of the Offered Shares at the cash price specified in the Transfer Notice by giving a written notice (the "Election Notice") to the Selling Stockholder and Packaging Investors within fifteen (15) days after the date of the Transfer Notice. The failure by the Company to deliver the Election Notice within fifteen (15) days after the date of the Transfer Notice shall operate as a waiver of the Company's rights under this Section 4(b)(ii).
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