Common use of Exercise of Tag-Along Right Clause in Contracts

Exercise of Tag-Along Right. The Tag-Along Right may be exercised by any Tag-Along Investor by delivery of a written notice (the "Tag-Along Notice") to the Transferor along with delivery of a copy of the written notice to the Warrant Agent within 10 days following receipt by the Warrant Agent of the Sale Notice. The Tag-Along Notice shall state the amount of shares of Warrant Shares that such Tag-Along Investor proposes to include in such transfer to the proposed purchaser (as determined in this Section 3.2), plus the amount of additional Warrant Shares, if any, that such Tag-Along Investor would be willing to sell to the proposed purchaser in the event that any of the other Tag-Along Investors elect not to exercise their Tag-Along Rights in whole or in part.

Appears in 3 contracts

Samples: Warrant Agreement (Discovery Zone Inc), Warrant Agreement (Discovery Zone Inc), Warrant Agreement (Discovery Zone Inc)

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Exercise of Tag-Along Right. The Tag-Along Right may be exercised by any Tag-Along Investor by delivery of a written notice (the "Tag-Along Notice") to the Transferor along with delivery of a copy of the written notice to the Warrant Agent within 10 30 days following receipt by the Warrant Agent of the Sale Notice. The Tag-Along Notice shall state the amount of shares of Warrant Shares that such Tag-Along Investor proposes to include in such transfer to the proposed purchaser (as determined in this Section 3.2), plus the amount of additional Warrant Shares, if any, that such Tag-Along Investor would be willing to sell to the proposed purchaser in the event that any of the other Tag-Along Investors elect not to exercise their Tag-Along Rights in whole or in part.

Appears in 1 contract

Samples: Warrant Agreement (Discovery Zone Inc)

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