Common use of Reduction of Shares Sold Clause in Contracts

Reduction of Shares Sold. The Prospective Selling Investors will attempt to obtain the inclusion in the proposed Sale of the entire number of Shares that each of the Tag Along Sellers requested to have included in the Sale (as evidenced in the case of the Prospective Selling Investors by the Tag Along Notice and in the case of each Participating Seller by such Participating Seller’s Tag Along Offer). In the event the Prospective Selling Investors will be unable to obtain the inclusion of such entire number of Shares in the proposed Sale, the number of Shares to be sold in the proposed Sale will be allocated among the Tag Along Sellers in proportion, as nearly as practicable, to the respective number of Shares that each Tag Along Seller requested to be included in the proposed Sale.

Appears in 3 contracts

Samples: Stockholders Agreement (Panther Expedited Services, Inc.), Stockholders Agreement (Panther Expedited Services, Inc.), Stockholders Agreement (Panther Expedited Services, Inc.)

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Reduction of Shares Sold. The Prospective Selling Investors will Class B Stockholders shall attempt to obtain the inclusion in the proposed Sale of the entire number of Shares that each of which the Tag Along Sellers requested to have included in the Sale (as evidenced in the case of the Prospective Selling Investors Class B Stockholders by the Tag Along Notice and in the case of each Participating Seller by such Participating Seller’s 's Tag Along Offer). In the event the Prospective Selling Investors will Class B Stockholders shall be unable to obtain the inclusion of such entire number of Shares in the proposed Sale, the number of Shares to be sold in the proposed Sale will shall be allocated among the Tag Along Sellers in proportion, as nearly as practicable, to the respective number of Shares that which each Tag Along Seller requested to be included in the proposed Sale.

Appears in 2 contracts

Samples: Voting and Tag Along Agreement (Aab Richard I), Voting and Tag Along Agreement (Us Lec Corp)

Reduction of Shares Sold. The Prospective Selling Investors will shall attempt to obtain the inclusion in the proposed Sale of the entire number of Shares that each of the Tag Along Sellers requested to have included in the Sale (as evidenced in the case of the Prospective Selling Investors by the Tag Along Notice and in the case of each Participating Seller by such Participating Seller’s Tag Along Offer). In the event the Prospective Selling Investors will be unable to obtain the inclusion of such entire number of Shares in the proposed Sale, the number of Shares of each class to be sold in the proposed Sale will be allocated among the Tag Along Sellers in proportion, as nearly as practicable, to the respective number of Shares that of such class held by each Tag Along Seller requested to be included in the proposed SaleSeller, excluding for purposes of such calculation all Shares underlying any outstanding Options or Warrants.

Appears in 2 contracts

Samples: Stockholders Agreement (Gymboree Corp), Stockholders Agreement (Gym-Card, LLC)

Reduction of Shares Sold. The Prospective Selling Investors will shall attempt to obtain the inclusion in the proposed Sale of the entire number of Shares that which each of the Tag Along Sellers requested to have included in the Sale (as evidenced in the case of the Prospective Selling Investors by the Tag Along Notice and in the case of each Participating Seller by such Participating Seller’s Tag Along Offer). In the event the Prospective Selling Investors will shall be unable to obtain the inclusion of such entire number of Shares in the proposed Sale, the number of Shares of each class to be sold in the proposed Sale will shall be allocated among the Tag Along Sellers in proportion, as nearly as practicable, to the respective number of Shares that each of such class owned by all Tag Along Seller requested to be included in the proposed SaleSellers.

Appears in 2 contracts

Samples: Shareholder Agreements (Burlington Coat Factory Investments Holdings, Inc.), Shareholder Agreement (Burlington Coat Factory Investments Holdings, Inc.)

Reduction of Shares Sold. The Prospective Selling Investors will shall attempt to obtain the inclusion in the proposed Sale of the entire number of Shares that which each of the Tag Along Sellers requested to have included in the Sale (as evidenced in the case of the Prospective Selling Investors by the Tag Along Notice and in the case of each Participating Seller by such Participating Seller’s Tag Along Offer). In the event the Prospective Selling Investors will shall be unable to obtain the inclusion of such entire number of Shares in the proposed Sale, the number of Shares of each class to be sold in the proposed Sale will be allocated among the by each Tag Along Sellers Seller shall be reduced in proportion, as nearly as practicable, to the respective number of Shares that each of such class owned by such Tag Along Seller requested to be included in the proposed SaleSeller.

Appears in 1 contract

Samples: Stockholders Agreement (Music123, Inc.)

Reduction of Shares Sold. The Prospective Selling Investors will Investor shall attempt to obtain the inclusion in the proposed Sale of the entire number of Shares that each of which the Tag Along Sellers requested to have included in the Sale (as evidenced in the case of the Prospective Selling Investors Investor by the Tag Along Notice and in the case of each Participating Seller by such Participating Seller’s 's Tag Along Offer). In the event the Prospective Selling Investors will Investor shall be unable to obtain the inclusion of such entire number of Shares in the proposed Sale, the number of Shares to be sold in the proposed Sale will shall be allocated among the Tag Along Sellers in proportion, as nearly as practicable, to the respective number of Shares that which each Tag Along Seller requested to be included in the proposed Sale.

Appears in 1 contract

Samples: Stockholders Agreement (Eschelon Telecom Inc)

Reduction of Shares Sold. The Prospective Selling Investors will shall attempt to obtain the inclusion in the proposed Sale of the entire number of Shares that which each of the Tag Along Sellers requested to have included in the Sale (as evidenced in the case of the Prospective Selling Investors by the Tag Along Notice and in the case of each Participating Seller by such Participating Seller’s Tag Along Offer). In the event the Prospective Selling Investors will shall be unable to obtain the inclusion of such entire number of Shares in the proposed Sale, the number of Shares of each class to be sold in the proposed Sale will shall be allocated among the Tag Along Sellers in proportion, as nearly as practicable, to the respective number of Shares that of such class purchased by each Tag Along Seller requested to be included in the proposed SaleSeller.

Appears in 1 contract

Samples: Stockholders Agreement (Transcultural Health Develpment, Inc.)

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Reduction of Shares Sold. The Prospective Selling Investors will must attempt to obtain the inclusion in the proposed Sale of the entire number of Shares that each of the Tag Along Sellers requested requests to have included in the Sale (as evidenced in the case of the Prospective Selling Investors by the Tag Along Notice and in the case of each Tag Along Participating Seller by such Tag Along Participating Seller’s Tag Along Offer). In the event the Prospective Selling Investors will be are unable to obtain the inclusion of such entire number of Shares in the proposed Sale, the number of Shares to be sold in the proposed Sale will be allocated among the Tag Along Sellers in proportion, as nearly as practicable, to the respective number of Shares that which each Tag Along Seller properly requested to be included in the proposed Sale.

Appears in 1 contract

Samples: Stockholders Agreement (SolarWinds Corp)

Reduction of Shares Sold. The Prospective Selling Investors will must attempt to obtain the inclusion in the proposed Sale of the entire number of Shares that each of the Tag Along Sellers requested requests to have included in the Sale (as evidenced in the case of the Prospective Selling Investors by the Tag Along Notice and in the case of each Tag Along Participating Seller by such Tag Along Participating Seller’s Tag Along Offer). In the event the Prospective Selling Investors will be are unable to obtain the inclusion of such entire number of Shares in the proposed Sale, the number of Shares to be sold in the proposed Sale will be allocated among the Tag Along Sellers in proportion, as nearly as practicable, to the respective number of Shares that which each Tag Along Seller properly requested to be included in the proposed Sale. - 14 - 4.1.

Appears in 1 contract

Samples: Stockholders' Agreement

Reduction of Shares Sold. The Prospective Selling Investors will attempt to shall obtain the inclusion in the proposed Sale of the entire number of Shares that each of the Tag Along Sellers requested requests to have included in the Sale (as evidenced in the case of the Prospective Selling Investors by the Tag Along Notice and in the case of each Tag Along Participating Seller by such Tag Along Participating Seller’s Tag Along Offer). In the event the Prospective Selling Investors will be are unable to obtain the inclusion of such entire number of Shares in the proposed Sale, the number of Shares to be sold in the proposed Sale will be allocated among the Tag Along Sellers in proportion, as nearly as practicable, to the respective number of Shares that which each Tag Along Seller properly requested to be included in the proposed Sale.

Appears in 1 contract

Samples: Stockholders' Agreement (Signify Health, Inc.)

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