Common use of Grant and Notification Clause in Contracts

Grant and Notification. If (i) an acquirer, including a Shareholder, (the "Acquirer") wishes to purchase all (but not less than all) Shares in one or a series of related transactions pursuant to a bona fide purchase offer (the "Drag-Along Offer"), (ii) such Drag-Along Offer is accepted as per Section 3.3, and (iii) a drag-along of the Ordinary Shares with materially the same terms as the Drag-Along Offer for Share Tokens is simultaneously triggered or otherwise agreed with Ordinary Shareholders ("Drag-Along Event"), the Acquirer is entitled to require that all Token Holders co-sell all their Share Tokens ("Drag-Along Obligation"), and may execute such Drag-Along Obligation as per Section 3.3. In case of a Drag-Along Event, the Ordinary Shareholders leading the transaction shall notify the Parties in accordance with Section 7 without delay ("Drag-Along Notice").

Appears in 2 contracts

Samples: Shareholder Agreement, Shareholder Agreement

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Grant and Notification. If (i) an acquirer, including a Shareholder, (the "Acquirer") wishes to purchase all (but not less than all) Shares in one or a series of related transactions pursuant to a bona fide purchase offer (the "Drag-Drag- Along Offer"), (ii) such Drag-Along Offer is accepted all conditions as per Section 3.34 are fulfilled, and (iii) a drag-along of the Ordinary Shares with materially the same terms as the Drag-Along Offer for Share Tokens is simultaneously triggered or otherwise agreed with Ordinary Shareholders ("Drag-Along Event"), the Acquirer is entitled to require that all Token Holders co-sell all their Share Tokens ("Drag-Along Obligation"), and may execute such Drag-Along Obligation as per Section 3.34. In case of a Drag-Along Event, the Ordinary Shareholders leading the transaction or the Issuer shall notify the Parties in accordance with Section 7 8 without delay ("Drag-Along Notice").

Appears in 1 contract

Samples: Token Shareholder Agreement

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Grant and Notification. If (i) an acquirer, including a Shareholder, (the "Acquirer") wishes to purchase all (but not less than all) Shares in one or a series of related transactions pursuant to a bona fide purchase offer (the "Drag-Drag- Along Offer"), (ii) such Drag-Along Offer is accepted all conditions as per Section 3.36 are fulfilled, and (iii) a drag-along of the Ordinary Shares with materially the same terms as the Drag-Along Offer for Share Tokens is simultaneously triggered or otherwise agreed with Ordinary Shareholders ("Drag-Along Event"), the Acquirer is entitled to require that all Token Holders co-sell all their Share Tokens ("Drag-Along Obligation"), and may execute such Drag-Along Obligation as per Section 3.36. In case of a Drag-Along Event, the Ordinary Shareholders leading the transaction or the Issuer shall notify the Parties in accordance with Section 7 10 without delay ("Drag-Along Notice").

Appears in 1 contract

Samples: Token Shareholder Agreement

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