Obligations of Drag-Along Sellers. In connection with any --------------------------------- Drag-Along Sale, Drag-Along Sellers shall not be required to make any representation or warranty to the purchaser other than to the effect that they hold title to the Securities they are selling in the Drag-Along Sale, free and clear of liens and the like, and as to their right, power and authority to sell such Securities. Except as to such representations, Drag-Along Sellers shall not be liable beyond the net proceeds of the Drag-Along Sale for any other breach of representations or warranties. In addition, unless expressly agreed to by a Drag-Along Seller, no Drag-Along Seller shall be required to enter into any covenant not to compete or similar agreement restricting their business activities.
Appears in 3 contracts
Samples: Stockholders Agreement and Subscription Agreement (Hancock Park Associates Ii Lp Et Al), Stockholders Agreement and Subscription Agreement (Leslies Poolmart), Stockholders Agreement and Subscription Agreement (Green Equity Investors Ii Lp)
Obligations of Drag-Along Sellers. In connection with any Drag- --------------------------------- Drag-Along Sale, Drag-Along Sellers shall not be required to make any representation or warranty to the purchaser other than to the effect that they hold title to the Securities they are selling in the Drag-Along Sale, free and clear of liens and the like, and as to their right, power and authority to sell such Securities. Except as to such representations, Drag-Along Sellers shall not be liable beyond the net proceeds of the Drag-Along Sale for any other breach of representations or warranties. In addition, unless expressly agreed to by a Drag-Along Seller, no Drag-Along Seller shall be required to enter into any covenant not to compete or similar agreement restricting their business activities.
Appears in 2 contracts
Samples: Preferred Stock and Warrant Purchase Agreement (Leslies Poolmart), Stockholders Agreement (Leslies Poolmart)
Obligations of Drag-Along Sellers. In connection with any Drag- --------------------------------- Drag-Along Sale, ,Drag-Along Sellers shall not be required to make any representation or warranty to the purchaser other than to the effect that they hold title to the Securities they are selling in the Drag-Along Sale, free and clear of liens and the like, and as to their right, power and authority to sell such Securities. Except as to such representations, Drag-Along Sellers shall not be liable beyond the net thenet proceeds of the Drag-Along Sale for any other breach of representations or warranties. In addition, unless expressly agreed to by a Drag-Along Seller, no Drag-Along Seller shall be required to enter into any covenant not to compete or similar agreement restricting their business activities.
Appears in 1 contract
Samples: Stockholders Agreement and Subscription Agreement (Leslies Poolmart)
