Effect of failure by Third Party Sample Clauses

Effect of failure by Third Party. (a) If the Third Party for any reason fails to buy all of the Shares of the Founding Shareholder on the terms set out in the Tag Along Notice, a Minority Seller must not Transfer any of its Shares to the Third Party. (b) If the Third Party for any reason fails to buy all of the Shares of a Minority Seller: (i) at the price (or at a greater price) and on the on the terms set out in the Tag Along Notice; and (ii) on the same date as the date for completion of the Transfer of the Founding Shareholder's Shares, other than because of any delay or default on the part of the Minority Seller, then the Founding Shareholder must not Transfer any of its Shares to the Third Party.
Sample 1
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Related to Effect of failure by Third Party

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