Common use of Grant and Notification Clause in Contracts

Grant and Notification. Each Party hereby grants to all other Shareholders the right to co-sell all (but not less than all) Shares held by such other Shareholder together with the selling Party to the proposed acquirer in accordance with the terms and conditions set forth in this Section 2 ("Tag-Along Right") provided that after such transfer, the proposed acquirer would directly, indirectly or acting in concert with third parties control more than 50% of all Shares outstanding ("Tag-Along Event"). The selling Party shall notify the other Shareholders of any Tag-Along Event in accordance with Section 6 ("Tag-Along Notice").