Examples of Tag-Along Shares in a sentence
Tag Along Shares- shall have the meaning ascribed to it in Clause 7.1 hereof.
In the event any Shareholder decides to exercise the Tag Along Right, the Selling Shareholder(s) shall cause the Purchaser to purchase the Tag Along Shares from such Shareholder at the same time and at the same price per share at which the Refused Sale Shares are being purchased from the Selling Shareholder(s).
If for any reason, the Purchaser acquiring the Transfer Shares hereunder is unable to or refuses to acquire the Tag Along Shares in respect of which the Shareholders have exercised their Tag Along Right (or any part thereof) within 90 (ninety) days from the date of the Sale Notice, then, the Selling Shareholder(s) shall not be entitled to Transfer any of the Refused Sale Shares held by them in the Company to the Purchaser.
If such Transfer to the Tag Along Transferee does not occur within such ninety (90) day period, PEWC's right to Transfer the Tag Along Shares under the foregoing sentence shall expire and PEWC's obligations under Section 5.1 shall be reinstated and such securities shall not be Transferred without first reoffering to SOF its Tag Along Rights in accordance with Section 5.1.
The Proposing Transferor must ensure that the third party acquires from each other Tag Along Seller, that Tag Along Seller’s Shares at the same price and on the same terms and conditions as the third party has offered to acquire the Proposing Transferor’s Shares, except that each Tag Along Seller may only sell, and the proposed purchaser need only buy from the Tag Along Sellers, such number of shares equal its Tag Along Proportion multiplied the Tag Along Shares.