Common use of Mechanism Clause in Contracts

Mechanism. If a certain percentage of Shares are sold, the selling shareholders need to inform all other Shareholders and give them the right to sell for the same price. Section A – Key terms

Appears in 2 contracts

Samples: Token Shareholder Agreement, Token Shareholder Agreement

AutoNDA by SimpleDocs

Mechanism. If a certain percentage 70% or more of the Shares are sold, the selling shareholders need to inform all other Shareholders and give them the right to sell for the same price. Section A – Key terms

Appears in 1 contract

Samples: Token Shareholder Agreement

AutoNDA by SimpleDocs

Mechanism. If a certain percentage Shareholders wish to sell 50% or more of Shares are soldthe Shares, the selling shareholders they need to inform all other Shareholders and give them the right to sell for the same price. Section A – Key termsTerms

Appears in 1 contract

Samples: Shareholder Agreement

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!