Common use of Grant and Notification Clause in Contracts

Grant and Notification. In the event a Shareholder (or a group of Shareholders) wishes to transfer all or a part of its Shares ("Relevant Shares") in one or a series of related transactions to a proposed acquirer (including another Shareholder) on the basis of a purchase offer, and provided such transfer of Relevant Shares reaches or exceeds 50% of all Shares outstanding ("Tag-Along Event"), all Shareholders hereby grant the Token Holders the right to co-sell all (but not less than all) Share Tokens held by such Token Holder together with the selling Shareholder to the proposed acquirer in accordance with the terms and conditions set forth in this Section 2 ("Tag-Along Right"). The selling Party shall notify the other Shareholders of any Tag-Along Event in accordance with Section 7 ("Tag-Along Notice").

Appears in 2 contracts

Samples: Shareholder Agreement, Shareholder Agreement

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Grant and Notification. In the event a Shareholder (or a group of Shareholders) ("Selling Shareholder(s)") wishes to transfer all or a part of its Shares ("Relevant Shares") in one or a series of related transactions to a proposed acquirer (including another Shareholder) on the basis of a bona fide purchase offer, and provided such transfer of Relevant Shares reaches or exceeds 5085% of all Shares outstanding ("Tag-Along Event"), all Shareholders hereby grant the Token Holders the right to co-sell all (but not less than all) Share Tokens held by such Token Holder together with the selling Shareholder Selling Shareholder(s) to the proposed acquirer in accordance with the terms and conditions set forth in this Section 2 ("Tag-Along Right"). The selling Party Selling Shareholder(s) shall notify the other Shareholders of any Tag-Along Event in accordance with Section 7 8 ("Tag-Along Notice").

Appears in 1 contract

Samples: Token Shareholder Agreement

Grant and Notification. In the event a Shareholder (or a group of Shareholders) wishes to transfer all or a part of its Shares ("Relevant Shares") in one or a series of related transactions to a proposed acquirer (including another Shareholder) on the basis of a bona fide purchase offer, and provided such transfer of Relevant Shares reaches or exceeds 5070% of all Shares outstanding ("Tag-Along Event"), all Shareholders hereby grant the Token Holders the right to co-sell all (but not less than all) Share Tokens held by such Token Holder together with the selling Shareholder to the proposed acquirer in accordance with the terms and conditions set forth in this Section 2 ("Tag-Along Right"). The selling Party shall notify the other Shareholders of any Tag-Along Event in accordance with Section 7 10 ("Tag-Along Notice").

Appears in 1 contract

Samples: Token Shareholder Agreement

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Grant and Notification. In the event a Shareholder (or a group of Shareholders) wishes to transfer all or a part of its Shares ("Relevant Shares") in one or a series of related transactions to a proposed acquirer (including another Shareholder) on the basis of a purchase offer, and provided such transfer of Relevant Shares reaches or exceeds 50% of all Shares outstanding ("Tag-Along Event"), all Shareholders hereby grant the Token Holders all other Shareholders the right to co-sell all (but not less than all) Share Tokens Shares held by such Token Holder Shareholder together with the selling Shareholder to the proposed acquirer in accordance with the terms and conditions set forth in this Section 2 ("Tag-Along Right"). The selling Party shall notify the other Shareholders of any Tag-Along Event in accordance with Section 7 8 ("Tag-Along Notice").

Appears in 1 contract

Samples: Shareholder Agreement

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