Consummation. The closing of the sale of Shares pursuant to the Tag-Along Right shall occur simultaneously with the Transfer of Shares by the Transferring Shareholder. Where any Offeree has properly elected to exercise its Tag-Along Right and the proposed Transferee fails to purchase Shares from such Offeree, the Transferring Shareholder shall not make the proposed Transfer, and if purported to be made, such Transfer shall be void.
Appears in 3 contracts
Samples: Shareholders Agreement (Bitauto Holdings LTD), Shareholders Agreement (Bitauto Holdings LTD), Shareholders’ Agreement (Bitauto Holdings LTD)
Consummation. The closing of the sale of Shares pursuant to the Tag-Along Right shall occur simultaneously with the Transfer of Shares by the Transferring Shareholder. Where any Offeree Shareholder has properly elected to exercise its Tag-Along Right and the proposed Transferee fails to purchase Shares from such OffereeShareholder, the Transferring Shareholder shall not make the proposed Transfer, and if purported to be made, such Transfer shall be void.
Appears in 2 contracts
Samples: Shareholders’ Agreement, Shareholders’ Agreement (Sohu Com Inc)
Consummation. The Unless otherwise set forth herein, the closing of the sale of Shares pursuant to the Tag-Along Right shall occur simultaneously with the Transfer of Shares by the Transferring ShareholderShareholder to the Transferee. Where any Offeree has properly elected to exercise its Tag-Along Right and the proposed Transferee fails to purchase Shares from such Offeree, the Transferring Shareholder shall not make the proposed Transfer, and if purported to be made, such Transfer shall be void.
Appears in 1 contract
Samples: Shareholders Agreement (Daojia LTD)
Consummation. The closing of the sale of Shares pursuant to the Tag-Along Right shall occur simultaneously with the Transfer of Shares by the Transferring ShareholderShareholder to the Transferee. Where any Offeree has properly elected to exercise its Tag-Along Right and the proposed Transferee fails to purchase Shares from such Offeree, the Transferring Shareholder shall not make the proposed Transfer, and if purported to be made, such Transfer shall be void.
Appears in 1 contract
Consummation. The closing of the sale of Shares pursuant to the Tag-Along Right shall occur simultaneously with the Transfer of Shares by the Transferring ShareholderShareholder to the Transferee. Where If any Offeree has properly duly elected to exercise its Tag-Along Right and the proposed Transferee declines to or otherwise fails to purchase Shares from such Offeree, the Transferring Shareholder shall not make the proposed Transfer, and if purported to be made, such Transfer shall be void.
Appears in 1 contract
Samples: Shareholders Agreement (Baidu, Inc.)
