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

Exercise of Tag-Along Right. Each Shareholder wishing to exercise its Tag-Along Right with respect to the Relevant Shares shall so notify the Selling Shareholder(s) in accordance with the notice provision set forth in Article 12 within a period of Calendar days from receipt of the Tag-Along Notice (the "Tag-Along Exercise Notice") by the Company. If no Tag-Along Exercise Notice is submitted by a Shareholder within the period of Calendar days from receipt of the Tag-Along Notice by the Company, the Tag-Along Right of that Shareholder shall be deemed to have been forfeited with respect to the respective Tag-Along Event (but not for any other or subsequent Tag-Along Event). If the proposed acquirer refuses to accept the purchase of the Shares from the Shareholders who provided a Tag-Along Notice, the Selling Shareholder(s) shall be prohibited from Transferring the Relevant Shares to the proposed acquirer.

Appears in 1 contract

Samples: Shareholder Agreement

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Exercise of Tag-Along Right. Each Shareholder wishing to exercise its Tag-Along Right with respect to the Relevant Shares shall so notify the Selling Shareholder(s) in accordance with the notice provision set forth in Article 12 within a period of …………. Calendar days from receipt of the Tag-Along Notice (the "Tag-Along Exercise Notice") by the Company. If no Tag-Along Exercise Notice is submitted by a Shareholder within the period of …………… Calendar days from receipt of the Tag-Along Notice by the Company, the Tag-Along Right of that Shareholder shall be deemed to have been forfeited with respect to the respective Tag-Along Event (but not for any other or subsequent Tag-Along Event). If the proposed acquirer refuses to accept the purchase of the Shares from the Shareholders who provided a Tag-Along Notice, the Selling Shareholder(s) shall be prohibited from Transferring the Relevant Shares to the proposed acquirer.

Appears in 1 contract

Samples: Shareholder Agreement

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Exercise of Tag-Along Right. Each Shareholder wishing to exercise its Tag-Along Right with respect to the Relevant Shares shall so notify the Selling Shareholder(s) in accordance with the notice provision set forth in Article 12 13.5 within a period of Calendar thirty (30) calendar days from receipt of the Tag-Along Notice (the "Tag-Along Exercise Notice") by the Company. If no Tag-Along Exercise Notice is submitted by a Shareholder within the period of Calendar thirty (30) calendar days from receipt of the Tag-Along Notice by the Company, the Tag-Along Right of that Shareholder shall be deemed to have been forfeited (périmé) with respect to the respective Tag-Along Event (but not for any other or subsequent this particular Tag-Along Event). If the proposed acquirer refuses to accept the purchase of the Shares from the Shareholders who provided a Tag-Along Notice, the Selling Shareholder(s) shall be prohibited from Transferring the Relevant Shares to the proposed acquirer.

Appears in 1 contract

Samples: Shareholder Agreement

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