Common use of Effect of Drag-Along Sale Clause in Contracts

Effect of Drag-Along Sale. If the Oaktree Investors receive their proportionate share of the purchase price from a Drag-Along Sale, but have failed to deliver certificates representing their shares of Common Stock as described in this Section 3, they shall for all purposes be deemed no longer to be stockholders of the Company, shall have no voting rights, shall not be entitled to any dividends or other distributions with respect to the Common Stock held by them, and shall have no other rights or privileges granted to stockholders under law or this Agreement.

Appears in 4 contracts

Samples: Stockholders' Agreement (TCW Group Inc), Stockholders' Agreement (TCW Group Inc), Voting Agreement (KCLC Acquisition Corp)

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