Common use of Consummation of Sale Clause in Contracts

Consummation of Sale. The Dragging Stockholder shall have ninety (90) days following the date of the Drag-along Notice in which to consummate the Drag-along Sale, on the terms set forth in the Drag-along Notice (which 90-day period may be extended for a reasonable time not to exceed one-hundred and twenty (120) days to the extent reasonably necessary to obtain required approvals or consents from any Governmental Authority). If at the end of such period the Dragging Stockholder has not completed the Drag-along Sale, the Dragging Stockholder may not then exercise its rights under this Section 4.05 without again fully complying with the provisions of this Section 4.05.

Appears in 2 contracts

Samples: Stockholders Agreement (Rad Technologies Inc.), Stockholders Agreement (Creatd, Inc.)

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Consummation of Sale. The Dragging Stockholder shall have ninety (90) days following the date of the Drag-along Notice in which to consummate the Drag-along Sale, on the terms set forth in the Drag-along Notice (which 90-day period may be extended for a reasonable time not to exceed one-hundred and twenty (120) days to the extent reasonably necessary to obtain required approvals or consents from any Governmental Authority). If at the end of such period the Dragging Stockholder has not completed the Drag-along Sale, the Dragging Stockholder may not then exercise its rights under this Section 4.05 without again fully complying with the provisions of this Section 4.05. Offering.

Appears in 1 contract

Samples: Stockholders Agreement (United Express Inc.)

Consummation of Sale. The Dragging Stockholder shall have ninety (90) 90 days following the date of the Drag-along Notice in which to consummate the Drag-along Sale, Sale on the terms set forth in the Drag-along Notice (Notice, which 90-day period may be extended for a reasonable time not to exceed one-hundred and twenty (120) 120 days to the extent reasonably necessary to obtain required approvals or consents from any Governmental Authority). If at the end of such period the Dragging Stockholder has not completed the Drag-along Sale, the Dragging Stockholder may not then exercise its rights under this Section 4.05 5.03 without again fully complying with the provisions of this Section 4.055.03.

Appears in 1 contract

Samples: Stockholders Agreement

Consummation of Sale. The Dragging Stockholder shall have ninety (90) days following the date of the Drag-along Notice in which to consummate the Drag-along Sale, on the terms set forth in the Drag-along Notice (which such ninety (90-) day period may be extended for a reasonable time not to exceed one-hundred and hundred-twenty (120) days to the extent reasonably necessary to obtain required approvals or consents from any Governmental Authorityregulatory approvals). If at the end of such period the Dragging Stockholder has not completed the Drag-along Sale, the Dragging Stockholder may not then exercise its rights under effect a transaction subject to this Section 4.05 7 without again fully complying with the provisions of this Section 4.057.

Appears in 1 contract

Samples: Investor Rights Agreement (Rokk3r Inc.)

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Consummation of Sale. The Dragging Stockholder shall have ninety (90) days following the date of the Drag-along Notice in which to consummate the Drag-along Sale, on the terms set forth in the Drag-along Notice (which 90-day period may be extended for a reasonable time not to exceed one-one hundred and twenty (120) days to the extent reasonably necessary to obtain required approvals or consents from any Governmental Authority). If at the end of such period the Dragging Stockholder has not completed the Drag-along Sale, the Dragging Stockholder may not then exercise its rights under this Section 4.05 3.05 without again fully complying with the provisions of this Section 4.053.05.

Appears in 1 contract

Samples: Subscription Agreement

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