Exercise of Drag Sample Clauses

Exercise of Drag along Right So long as the Investor holds share in the Target Company, if a third party intends to purchase 50% or more of the shares in the Target Company or all or substantially all of the assets or business of the Target Company (an “Acquisition”), and if the Investor and the Actual Controllers consent to such Acquisition, the other shareholders shall, upon the Investor’s written request, sell or transfer all or part of their shares in the Target Company on the same terms and conditions as offered to the Investor and the controlling shareholders to such third party, or support the sale of all or substantially all of the assets or business of the Target Company, including but not limited to by voting for any resolutions authorizing the sale of the shares/assets of the Target Company at a general meeting of shareholders and/or at a meeting of the board of directors, executing such legal instruments as may be required in connection with the sale of the shares/assets of the Target Company, making customary representations and warranties to such third party in any legal instruments executed in respect of the sale of the shares/assets of the Target Company, completing such corporate change registration as may be required in connection with the sale of the shares/assets of the Target Company, as well as taking such actions as the Investor may deem necessary to consummate the sale of the shares/assets of the Target Company, etc.
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Exercise of Drag. Along Rights; Notices; Certain

Related to Exercise of Drag

  • Exercise of Rights No failure or delay on the part of any party to exercise any right, power or privilege under this Agreement and no course of dealing between the Seller and the Purchaser shall operate as a waiver thereof, nor shall any single or partial exercise of any right, power or privilege under this Agreement preclude any other or further exercise thereof or the exercise of any other right, power or privilege. Except as set forth in Section 6(h) of this Agreement, the rights and remedies herein expressly provided are cumulative and not exclusive of any rights or remedies which any party would otherwise have pursuant to law or equity. No notice to or demand on any party in any case shall entitle such party to any other or further notice or demand in similar or other circumstances, or constitute a waiver of the right of either party to any other or further action in any circumstances without notice or demand.

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