Common use of Tag-Along Right; Founders' and CEC's Other Agreements Clause in Contracts

Tag-Along Right; Founders' and CEC's Other Agreements. (a) In the event that, at any time prior to December 31, 2007, any of the Hicks Holders, the 1947/1945 Holders, CEC and/or the Founders (collectixxxx, the "Tag-Along Holders") propose to sell in one transaction or a series of related transactions (subject to the terms of this Article 4) an aggregate number of Company Common Shares equal to or greater than 45% of the outstanding Company Common Shares, which transaction is not a Company Sale or other Board-approved transaction relating to the entire Company or its capital stock (a "Tag-Along Sale"), each of the other Tag-Along Holders, so long as the applicable group has not experienced a 3% Event, may elect within 10 calendar days of receipt of written notice thereof, to participate on a pro rata basis (based on the percentage sold relative to the Tag-Along Holders' entire holding), in such Tag-Along Sale, in which case the notifying Tag-Along Holder shall cause such other Tag-Along Holders shares to be included in the Tag-Along Sale, on the same terms and conditions.

Appears in 2 contracts

Samples: Hicks Thomas O, 1945 Carlton Investments LLC

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Tag-Along Right; Founders' and CEC's Other Agreements. (a) In the event that, at any time prior to December 31, 2007, any of the Hicks Xxxxx Holders, the 1947/1945 Hampstead Holders, CEC and/or the Founders (collectixxxxcollectively, the "Tag-Along Holders") propose to sell in one transaction or a series of related transactions (subject to the terms of this Article 4) an aggregate number of Company Common Shares equal to or greater than 45% of the outstanding Company Common Shares, which transaction is not a Company Sale or other Board-approved transaction relating to the entire Company or its capital stock (a "Tag-Along Sale"), each of the other Tag-Along Holders, so long as the applicable group has not experienced a 35% Event, may elect within 10 calendar days of receipt of written notice thereof, to participate on a pro rata basis (based on the percentage sold relative to the Tag-Along Holders' entire holding), in such Tag-Along Sale, in which case the notifying Tag-Along Holder shall cause such other Tag-Along Holders shares to be included in the Tag-Along Sale, on the same terms and conditions.

Appears in 1 contract

Samples: Agreement (Ibero American Media Partners Ii LTD)

Tag-Along Right; Founders' and CEC's Other Agreements. (a) In the event that, at any time prior to December 31, 2007, any of the Hicks Holders, the 1947/1945 Holders, CEC and/or the Founders (collectixxxxcollecxxxxxy, the "Tag-Along Holders") propose to sell in one transaction or a series of related transactions (subject to the terms of this Article 4) an aggregate number of Company Common Shares equal to or greater than 45% of the outstanding Company Common Shares, which transaction is not a Company Sale or other Board-approved transaction relating to the entire Company or its capital stock (a "Tag-Along Sale"), each of the other Tag-Along Holders, so long as the applicable group has not experienced a 3% Event, may elect within 10 calendar days of receipt of written notice thereof, to participate on a pro p rata basis (based on the percentage sold relative to the Tag-Along Holders' entire holding), in such Tag-Along Sale, in which case the notifying Tag-Along Holder shall cause such other Tag-Along Holders shares to be included in the Tag-Along Sale, on the same terms and conditions.

Appears in 1 contract

Samples: Claxson Interactive Group Inc

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Tag-Along Right; Founders' and CEC's Other Agreements. (a) In the event that, at any time prior to December 31, 2007, any of the Hicks Holders, the 1947/1945 Hampstead Holders, CEC and/or the Founders (collectixxxxcollecxxxxxy, the "Tag-Along Holders") propose to sell in one transaction or a series of related transactions (subject to the terms of this Article 4) an aggregate number of Company Common Shares equal to or greater than 45% of the outstanding Company Common Shares, which transaction is not a Company Sale or other Board-approved transaction relating to the entire Company or its capital stock (a "Tag-Along Sale"), each of the other Tag-Along Holders, so long as the applicable group has not experienced a 35% Event, may elect within 10 calendar days of receipt of written notice thereof, to participate on a pro rata basis (based on the percentage sold relative to the Tag-Along Holders' entire holding), in such Tag-Along Sale, in which case the notifying Tag-Along Holder shall cause such other Tag-Along Holders shares to be included in the Tag-Along Sale, on the same terms and conditions.

Appears in 1 contract

Samples: Combination Agreement (El Sitio Inc)

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