Common use of Co-Sale Right Clause in Contracts

Co-Sale Right. Each Non-Selling Shareholder that has not exercised its right of first refusal with respect to the Offered Shares (the “Co-Sale Right Holder”) shall have the right, exercisable upon written notice to the Selling Shareholder (in case the Selling Shareholder is an Ordinary Shareholder), the Company and each other Co-Sale Right Holder (the “Co-Sale Notice”) within twenty (20) days after receipt of the First Refusal Expiration Notice (the “Co-Sale Right Period”), to participate in such sale of the residual Offered Shares on the same terms and conditions as set forth in the Transfer Notice. The Co-Sale Notice shall set forth the number of Ordinary Shares (on both an absolute and as-converted to Ordinary Shares basis) that such Co-Sale Right Holder wishes to include in such sale or transfer, which amount shall not exceed the Co-Sale Pro Rata Portion (as defined below) of such Co-Sale Right Holder. To the extent one or more of the Co-Sale Right Holders exercise such co-sale right in accordance with the terms and conditions set forth below, the number of Ordinary Shares that such Selling Shareholder may sell in the transaction shall be correspondingly reduced.

Appears in 2 contracts

Samples: Shareholders Agreement (Pintec Technology Holdings LTD), Shareholders Agreement (Pintec Technology Holdings LTD)

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Co-Sale Right. Each Non-Selling Shareholder To the extent that has the Company and Restricted Holders have not exercised their respective rights of first refusal with respect to any or all of the Offered Shares, then each Restricted Holder that did not exercise its right of first refusal with respect to any of the Offered Shares (the “Co-Sale Right Holder”) shall have the right, exercisable upon written notice to the Selling Shareholder (in case the Selling Shareholder is an Ordinary Shareholder), the Company and each other Co-Sale Right Restricted Holder (the “Co-Sale Notice”) within twenty (20) days after receipt of the First Refusal Expiration Notice (the “Co-Sale Right Period”), to participate in such sale of the residual Offered Shares on the same terms and conditions as set forth in the Transfer Notice. The Co-Sale Notice shall set forth the number of Ordinary Shares Company securities (on both an absolute and as-if-converted to Ordinary Shares basis) that such Co-Sale Right participating Restricted Holder wishes to include in such sale or transfer, which amount shall not exceed the Co-Sale Pro Rata Portion (as defined below) of such Co-Sale Right Restricted Holder. To the extent one (1) or more of the Co-Sale Right Restricted Holders exercise such co-sale right of participation in accordance with the terms and conditions set forth below, the number of Ordinary Restricted Shares that such the Selling Shareholder may sell in the transaction shall be correspondingly reduced.. The co-sale right of each Restricted Holder shall be subject to the following terms and conditions:

Appears in 1 contract

Samples: Shareholders Agreement (AutoNavi Holdings LTD)

Co-Sale Right. Each of the Non-Selling Shareholder Shareholders that has not exercised its right of first refusal with respect to the Offered Shares proposed to be sold or transferred or exchanged by the Selling Shareholder (the “Co-Sale Right Holder”) shall have the right, exercisable upon written notice to the Selling Shareholder (in case the Selling Shareholder is an Ordinary Shareholder), and the Company and each other Co-Sale Right Holder (the “Co-Sale Notice”) within twenty (20) days after receipt of the First Refusal Expiration Notice (the “Co-Sale Right Period”), to participate in such the sale of the residual Offered Shares on at the same price and subject to the same terms and conditions as set forth in the Transfer Notice. The Co-Sale Notice shall set forth the number of Ordinary Shares (on both an absolute and as-converted to Ordinary Shares basis) that such Co-Sale Right Holder wishes to include in such sale or transfertransfer or exchange, which amount shall not exceed the Co-Sale Pro Rata Portion (as defined below) of such Co-Sale Right Holder. To the extent one or more of the Co-Sale Right Holders exercise Holder exercises such right of co-sale right in accordance with the terms and conditions set forth below, the number of Ordinary the Offered Shares that such the Selling Shareholder may sell in the transaction shall be correspondingly reduced.. The co-sale right of each Co-Sale Holder shall be subject to the following terms and conditions:

Appears in 1 contract

Samples: Shareholders Agreement (Jumei International Holding LTD)

Co-Sale Right. Each of the Non-Selling Shareholder Shareholders that has not exercised its right of first refusal with respect to the Offered Shares proposed to be sold or transferred or exchanged by the Selling Shareholder (the “Co-Sale Right Holder”) shall have the right, exercisable upon written notice to the Selling Shareholder (in case the Selling Shareholder is an Ordinary Shareholder), and the Company and each other Co-Sale Right Holder (the “Co-Co- Sale Notice”) within twenty thirty (2030) days after receipt of the First Refusal Expiration Notice (the “Co-Sale Right Period”)Notice, to participate in such the sale of the residual Offered Shares on at the same price and subject to the same terms and conditions as set forth in the Transfer Notice. The Co-Sale Notice shall set forth the number of Ordinary Shares (on both an absolute and as-converted to Ordinary Shares basisa Fully Diluted Basis) that such Co-Sale Right Holder wishes to include in such sale or transfertransfer or exchange, which amount shall not exceed the Co-Co- Sale Pro Rata Portion (as defined below) of such Co-Sale Right Holder. To the extent one or more the Co- Sale Holder exercises such right of the Co-Sale Right Holders exercise such co-sale right in accordance with the terms and conditions set forth below, the number of Ordinary the Offered Shares that such the Selling Shareholder may sell in the transaction shall be correspondingly reduced.. The co-sale right of each Co-Sale Holder shall be subject to the following terms and conditions:

Appears in 1 contract

Samples: Shareholders’ Agreement (NaaS Technology Inc.)

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Co-Sale Right. Each Non-Selling Shareholder To the extent that has the First Refusal Right Holders have not exercised its their right of first refusal with respect to any or all of the Founder’s Offered Shares Shares, then each Right of First Refusal Holder (the “Co-Sale Right HolderHolders”) shall have the right, exercisable upon written notice to the Selling Shareholder (in case the Selling Shareholder is an Ordinary Shareholder)Founder, the Company and each other Co-Sale Right Holder (the “Co-Sale Notice”) within twenty (20) days after receipt of the First Refusal Expiration Notice (the “Co-Sale Right Period”), to participate in such sale of the residual Offered Shares on the same terms and conditions as set forth in the Transfer Notice. The Co-Sale Notice shall set forth the number of Ordinary Shares Company securities (on both an absolute and as-converted to Ordinary Shares basis) that such participating Co-Sale Right Holder wishes to include in such sale or transfer, which amount shall not exceed the Co-Sale Pro Rata Portion (as defined below) of such Co-Sale Right Holder. To the extent one or more of the Co-Sale Right Holders exercise such co-sale right of participation in accordance with the terms and conditions set forth below, the number of Ordinary Restricted Shares that such Selling Shareholder the Founder may sell in the transaction shall be correspondingly reduced.. The co-sale right of each Co-Sale Right Holder shall be subject to the following terms and conditions:

Appears in 1 contract

Samples: And Restated Shareholders Agreement (Trina Solar LTD)

Co-Sale Right. Each of the Non-Selling Shareholder Shareholders that has not exercised its right of first refusal with respect to the Offered Shares proposed to be sold or transferred or exchanged by the Selling Shareholder (the “Co-Sale Right Holder”) shall have the right, exercisable upon written notice to the Selling Shareholder (in case the Selling Shareholder is an Ordinary Shareholder), and the Company and each other Co-Sale Right Holder (the “Co-Sale Notice”) within twenty (20) days Business Days after receipt of the First Refusal Expiration Notice (the “Co-Sale Right Period”), to participate in such the sale of the residual Offered Shares on at the same price and subject to the same terms and conditions as set forth in the Transfer Notice. The Co-Sale Notice shall set forth the number of Ordinary Shares (on both an absolute and as-converted to Ordinary Shares basis) that such Co-Sale Right Holder wishes to include in such sale or transfertransfer or exchange, which amount shall not exceed the Co-Sale Pro Rata Portion (as defined below) of such Co-Sale Right Holder. To the extent one or more of the Co-Sale Right Holders exercise Holder exercises such right of co-sale right in accordance with the terms and conditions set forth below, the number of Ordinary the Offered Shares that such the Selling Shareholder may sell in the transaction shall be correspondingly reduced.. The co-sale right of each Co-Sale Holder shall be subject to the following terms and conditions:

Appears in 1 contract

Samples: Shareholders Agreement (Meili Auto Holdings LTD)

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