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

Effect of Drag-Along Sale. If Shareholder receives his proportionate share of the purchase price from a Drag-Along Sale, but has failed to deliver certificates representing his shares of Common Stock as described in this Section 4(c), he shall for all purposes be deemed no longer to be a shareholder of Common Stock, shall have no voting rights, shall not be entitled to any dividends or other distributions with respect to the Common Stock held by him, and shall have no other rights or privileges granted to shareholders under law or this Agreement.

Appears in 1 contract

Samples: Stockholder's Agreement (Randalls Food Markets Inc)

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Effect of Drag-Along Sale. If Shareholder Stockholder receives his proportionate share of the purchase price from a Drag-Along Sale, but has failed to deliver certificates representing his shares of Common Stock as described in this Section 4(c), he shall for all purposes be deemed no longer to be a shareholder Stockholder of Common Stock, shall have no voting rights, shall not be entitled to any dividends or other distributions with respect to the Common Stock held by him, and shall have no other rights or privileges granted to shareholders Stockholders under law or this Agreement.

Appears in 1 contract

Samples: Stockholder Agreement (Randalls Food Markets Inc)

Effect of Drag-Along Sale. If Shareholder receives his the Shareholders receive their proportionate share of the purchase price from a Drag-Along Sale, but has have failed to deliver certificates representing his shares of Common Stock their Shares as described in this Section 4(c)5.03, he they shall for all purposes be deemed no longer to be a shareholder of Common StockShareholders, shall have no voting rights, shall not be entitled to any dividends or other distributions with respect to the Common Stock held by himthem, and shall have no other rights or privileges granted to shareholders under law or this Agreement.

Appears in 1 contract

Samples: Voting, Repurchase and Shareholders Agreement (Randalls Food Markets Inc)

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Effect of Drag-Along Sale. If Shareholder a Dragged Stockholder receives his proportionate share of the applicable purchase price from a Drag-Along Sale, but has failed to deliver certificates representing his its shares of Common Stock as described in this Section 4(c)4.5, he it shall for all purposes be deemed no longer to be a shareholder stockholder of Common Stockthe Company, shall have no voting rights, shall not be entitled to any dividends or other distributions with respect to the shares of Common Stock held by himit, and shall have no other rights or privileges granted to shareholders under law or this Agreement.

Appears in 1 contract

Samples: Shareholder Rights Agreement (Accuride Corp)

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