Common use of COMPANY'S INITIAL RIGHT Clause in Contracts

COMPANY'S INITIAL RIGHT. The Company has the right of first refusal to purchase any or all of the Offered Stock, if the Company gives written notice of the exercise of such right to the Seller within fifteen (15) days after the date of its receipt of the Seller’s Notice to the Company (the “Company’s Refusal Period”). If the Company does not desire to purchase all of the Offered Stock, within ten (10) days after expiration of the Company’s Refusal Period, the Company will give written notice to each Investor, specifying the number of shares of Offered Stock not subscribed for by the Company through exercise of its Right of First Refusal (the “Company’s Notice”).

Appears in 2 contracts

Samples: Stockholder Agreement (Xtera Communications, Inc.), Preferred Stockholder Agreement (Xtera Communications, Inc.)

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COMPANY'S INITIAL RIGHT. The Company has the right of first refusal to purchase all or any or all part of the Offered Stock, if the Company gives written notice of the exercise of such right to the Seller within fifteen thirty (1530) days (the "COMPANY'S REFUSAL PERIOD") after the date of its receipt of the Seller’s 's Notice to the Company (the “Company’s Refusal Period”). If the Company does not desire desires to purchase less than all of the Offered Stock, within ten (10) days after expiration of the Company’s 's Refusal Period, the Company will give written notice to each Investor, Holder specifying the number of shares of Offered Stock that were not subscribed for by the Company through exercise of exercising its Right Rights of First Refusal (the “Company’s Notice”"COMPANY'S NOTICE").

Appears in 1 contract

Samples: Sale Agreement (Iss Group Inc)

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COMPANY'S INITIAL RIGHT. The Company has the right of first refusal to purchase all or any or all part of the Offered Stock, if the Company gives written notice of the exercise of such right to the Seller within fifteen (15) days (the "COMPANY'S REFUSAL PERIOD") after the date of its receipt of the Seller’s 's Notice to the Company (the “Company’s Refusal Period”). If the Company does not desire desires to purchase less than all of the Offered Stock, within ten one (101) days business day after expiration of the Company’s 's Refusal Period, the Company will give written notice to each Investor, Preferred Holder specifying the number of shares of Offered Stock that were not subscribed for by the Company through exercise of exercising its Right Rights of First Refusal (the “Company’s Notice”"COMPANY'S NOTICE").

Appears in 1 contract

Samples: Sale Agreement (Dean & Deluca Inc)

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