{"component": "clause", "props": {"groups": [{"size": 67, "snippet_links": [{"key": "to-sell", "type": "clause", "offset": [86, 93]}, {"key": "related-transactions", "type": "clause", "offset": [117, 137]}, {"key": "convertible-securities", "type": "clause", "offset": [164, 186]}, {"key": "any-person", "type": "clause", "offset": [190, 200]}, {"key": "sales-of-shares", "type": "clause", "offset": [268, 283]}, {"key": "the-market", "type": "definition", "offset": [289, 299]}, {"key": "executed-on", "type": "clause", "offset": [300, 311]}, {"key": "stock-exchange", "type": "definition", "offset": [316, 330]}, {"key": "the-shares-are", "type": "definition", "offset": [340, 354]}, {"key": "largest-holder", "type": "definition", "offset": [494, 508]}, {"key": "issued-and-outstanding-shares", "type": "clause", "offset": [526, 555]}, {"key": "for-the-avoidance-of-doubt", "type": "clause", "offset": [557, 583]}, {"key": "diluted-basis", "type": "definition", "offset": [667, 680]}, {"key": "the-provisions-of-this", "type": "clause", "offset": [891, 913]}, {"key": "clause-2", "type": "definition", "offset": [914, 922]}, {"key": "the-offer-notice", "type": "definition", "offset": [961, 977]}, {"key": "bank-of", "type": "definition", "offset": [987, 994]}, {"key": "days-after", "type": "definition", "offset": [1045, 1055]}, {"key": "person-or-persons", "type": "definition", "offset": [1060, 1077]}, {"key": "agreement-to", "type": "clause", "offset": [1120, 1132]}, {"key": "subject-to", "type": "definition", "offset": [1166, 1176]}, {"key": "proposed-sale-date", "type": "definition", "offset": [1228, 1246]}, {"key": "proposed-purchaser", "type": "clause", "offset": [1318, 1336]}, {"key": "third-party-purchaser", "type": "clause", "offset": [1343, 1364]}, {"key": "the-purchase-price", "type": "clause", "offset": [1368, 1386]}, {"key": "purchase-price-per-share", "type": "clause", "offset": [1425, 1449]}, {"key": "per-share-price", "type": "definition", "offset": [1456, 1471]}, {"key": "terms-and-conditions-of-payment", "type": "clause", "offset": [1485, 1516]}, {"key": "date-of-sale", "type": "definition", "offset": [1531, 1543]}, {"key": "details-of", "type": "clause", "offset": [1638, 1648]}, {"key": "the-offered-shares", "type": "clause", "offset": [1734, 1752]}, {"key": "the-percentage", "type": "definition", "offset": [1759, 1773]}, {"key": "by-the-shareholder", "type": "clause", "offset": [1832, 1850]}, {"key": "in-the-event-the", "type": "clause", "offset": [1852, 1868]}, {"key": "other-transactions", "type": "clause", "offset": [2315, 2333]}, {"key": "relating-to", "type": "definition", "offset": [2334, 2345]}, {"key": "certify-that", "type": "clause", "offset": [2495, 2507]}, {"key": "the-bank-shall", "type": "clause", "offset": [2580, 2594]}, {"key": "notice-given", "type": "clause", "offset": [2619, 2631]}, {"key": "receipt-of", "type": "clause", "offset": [2666, 2676]}, {"key": "if-applicable", "type": "definition", "offset": [2709, 2722]}, {"key": "election-to-exercise", "type": "definition", "offset": [2838, 2858]}, {"key": "bank-group", "type": "definition", "offset": [3040, 3050]}, {"key": "capital-notes", "type": "definition", "offset": [3086, 3099]}, {"key": "agreement-or", "type": "definition", "offset": [3146, 3158]}, {"key": "shares-received", "type": "clause", "offset": [3159, 3174]}, {"key": "conversion-of", "type": "clause", "offset": [3184, 3197]}, {"key": "convertible-debentures", "type": "clause", "offset": [3244, 3266]}, {"key": "equity-issuances", "type": "clause", "offset": [3300, 3316]}, {"key": "by-the-bank", "type": "clause", "offset": [3531, 3542]}, {"key": "same-terms-and-conditions", "type": "clause", "offset": [3615, 3640]}, {"key": "set-out", "type": "definition", "offset": [3662, 3669]}, {"key": "total-purchase-price", "type": "definition", "offset": [3833, 3853]}, {"key": "divided-by", "type": "clause", "offset": [3894, 3904]}, {"key": "equal-to", "type": "definition", "offset": [4099, 4107]}, {"key": "all-shares", "type": "clause", "offset": [4194, 4204]}, {"key": "pursuant-to-clauses", "type": "clause", "offset": [4288, 4307]}, {"key": "number-of-offered-shares", "type": "definition", "offset": [4446, 4470]}, {"key": "to-the-extent", "type": "clause", "offset": [4534, 4547]}, {"key": "provide-for", "type": "clause", "offset": [4561, 4572]}, {"key": "exercise-of-the", "type": "clause", "offset": [4577, 4592]}, {"key": "in-this-clause", "type": "clause", "offset": [4622, 4636]}, {"key": "sold-to", "type": "clause", "offset": [4700, 4707]}, {"key": "a-portion", "type": "definition", "offset": [5111, 5120]}, {"key": "number-of-shares-to-be-sold", "type": "clause", "offset": [5128, 5155]}, {"key": "no-person", "type": "clause", "offset": [5326, 5335]}, {"key": "notwithstanding-anything-to-the-contrary", "type": "clause", "offset": [5504, 5544]}, {"key": "in-this-agreement", "type": "clause", "offset": [5545, 5562]}, {"key": "representations-or-warranties", "type": "clause", "offset": [5630, 5659]}, {"key": "ownership-of", "type": "clause", "offset": [5722, 5734]}, {"key": "securities-to-be-sold", "type": "definition", "offset": [5780, 5801]}, {"key": "agree-to", "type": "clause", "offset": [5922, 5930]}, {"key": "against-payment", "type": "definition", "offset": [6036, 6051]}, {"key": "in-accordance-with", "type": "definition", "offset": [6061, 6079]}, {"key": "provided-that", "type": "definition", "offset": [6095, 6108]}, {"key": "received-by", "type": "definition", "offset": [6164, 6175]}, {"key": "closing-of-the-sale", "type": "clause", "offset": [6199, 6218]}, {"key": "to-secure", "type": "clause", "offset": [6344, 6353]}, {"key": "related-to", "type": "clause", "offset": [6413, 6423]}, {"key": "title-to-the-shares", "type": "clause", "offset": [6467, 6486]}, {"key": "securities-being-sold", "type": "definition", "offset": [6506, 6527]}, {"key": "amount-of-purchase-price", "type": "clause", "offset": [6617, 6641]}, {"key": "obligation-of-the-shareholder", "type": "clause", "offset": [6837, 6866]}, {"key": "securities-sold", "type": "clause", "offset": [7059, 7074]}, {"key": "indemnification-payment", "type": "definition", "offset": [7196, 7219]}, {"key": "the-indemnification", "type": "definition", "offset": [7335, 7354]}, {"key": "covenants-of-the-shareholder", "type": "clause", "offset": [7799, 7827]}, {"key": "the-tag", "type": "clause", "offset": [7919, 7926]}, {"key": "right-granted", "type": "clause", "offset": [7933, 7946]}, {"key": "actual-price", "type": "definition", "offset": [8066, 8078]}, {"key": "transactions-contemplated", "type": "clause", "offset": [8203, 8228]}, {"key": "for-any-reason", "type": "clause", "offset": [8292, 8306]}, {"key": "notification-of", "type": "clause", "offset": [8671, 8686]}, {"key": "rights-hereunder", "type": "clause", "offset": [8719, 8735]}, {"key": "complying-with", "type": "clause", "offset": [8848, 8862]}, {"key": "the-terms-and-conditions-of-this", "type": "clause", "offset": [8863, 8895]}, {"key": "to-act", "type": "definition", "offset": [8944, 8950]}], "samples": [{"hash": "ktG9TNSlfEr", "uri": "/contracts/ktG9TNSlfEr#tag-along", "label": "Tag Along Agreement (Israel Corp LTD)", "score": 21.0, "published": true}, {"hash": "jToExp3w3w3", "uri": "/contracts/jToExp3w3w3#tag-along", "label": "Tag Along Agreement (Israel Corp LTD)", "score": 21.0, "published": true}, {"hash": "iO3JMMfD8eG", "uri": "/contracts/iO3JMMfD8eG#tag-along", "label": "Tag Along Agreement (Bank Hapoalim Bm)", "score": 21.0, "published": true}], "snippet": "2.1. If TIC and/or any of its Subsidiaries (collectively, \u201cthe Shareholder\u201d) proposes to sell, in one or a series of related transactions, any of its Shares and/or Convertible Securities to any person and/or any of such person\u2019s Affiliates (other than non-prearranged sales of Shares into the market executed on any stock exchange on which the Shares are then listed for trading or submitted for quotation), such that, immediately following any such sale, the Shareholder would cease to be the largest holder of: (a) the then issued and outstanding Shares (for the avoidance of doubt, not taking into account any Convertible Securities); or (b) the Shares on a fully-diluted basis, taking into account the Convertible Securities (for the avoidance of doubt, as determined pursuant to clause 1.3 above), the Shareholder may only sell such Shares or Convertible Securities if it complies with the provisions of this clause 2.\n2.2. TIC shall give written notice (\u201cthe Offer Notice\u201d) to the Bank of such intended sale on the earlier of (i) 5 (five) days after any person or persons comprising the Shareholder enters into an agreement to effect such sale (whether or not subject to conditions) and (ii) 30 (thirty) days prior to the Proposed Sale Date (as defined below). The Offer Notice shall specify the identity of the proposed purchaser (\u201cthe Third Party Purchaser\u201d), the purchase price (\u201cthe Purchase Price\u201d), including the purchase price per Share (\u201cthe Per Share Price\u201d), and other terms and conditions of payment, the proposed date of sale (\u201cthe Proposed Sale Date\u201d), the number of Shares and/or Convertible Securities (together with details of such Convertible Securities) proposed to be purchased by the Third Party Purchaser (\u201cthe Offered Shares\u201d) and the percentage that the Offered Shares represent of all (a) Shares owned by the Shareholder, in the event the Shareholder proposes to sell Shares only and/or only clause 2.1(a) above is applicable; or (b) the Shareholder\u2019s Shares and Convertible Securities, in the event that the Shareholder proposes to sell both Shares and Convertible Securities or Convertible Securities only and clause 2.1(b) above is (or for the avoidance of doubt, both clauses 2.1(a) and 2.1(b) above are) applicable. For the avoidance of doubt, the Offer Notice shall describe any other transactions relating to the Shares and/or Convertible Securities with the Third Party Purchaser and/or its Affiliates that have taken place or are proposed to take place or certify that no such transaction has taken place or are proposed to take place.\n2.3. The Bank shall be entitled, by written notice given to TIC within 20 (twenty) days of receipt of the Offer Notice, to join (and, if applicable, have its Affiliates join) the sale to such Third Party Purchaser. If the Bank has notified the Shareholder of its election to exercise its tag along rights under this clause 2, the Shareholder shall, as a condition to the sale by it of any of the Offered Shares, cause the Third Party Purchaser to purchase from the Bank Group the number of the Bank Group\u2019s (i) Capital Notes issued pursuant to clause 5.4 of the Amending Agreement or Shares received from the conversion of such Capital Notes; (ii) Capital Notes and/or convertible debentures issued as part of the Clause 9.4 Equity Issuances or Shares received from the conversion of such Capital Notes and/or convertible debentures; and (iii) Shares received as part of the Clause 9.4 Equity Issuances (collectively, \u201cthe Bank Group\u2019s Shares\u201d) multiplied by the Bank Group\u2019s Percentage (as determined pursuant to clause 2.4 below)) on the same terms and conditions (per Share) as those set out in the Offer Notice. For the avoidance of doubt, the Per Share Price for Capital Notes and/or convertible debentures of Tower held by the Shareholder shall be the total purchase price offered for such Convertible Securities divided by the number of Shares into which such Convertible Securities are then convertible.\n2.4. The Bank shall be entitled to sell to the Third Party Purchaser such percentage of the Bank Group\u2019s Shares equal to the percentage (\u201cthe Bank Group\u2019s Percentage\u201d) which the Offered Shares constitute of all Shares and, if applicable, Convertible Securities, held by the Shareholder (as determined pursuant to clauses 2.1(a), 2.1(b), 2.2(a) and 2.2(b) above, as applicable, and, for the avoidance of doubt, as determined pursuant to clause 1.3 above). The number of Offered Shares proposed to be sold by the Shareholder shall be reduced if and to the extent necessary to provide for the exercise of the \u201ctag along\u201d rights set forth in this clause 2. The number of Shares and/or Convertible Securities actually sold to the Third Party Purchaser by the Bank Group as a proportion of the number of Shares and/or Convertible Securities actually sold by the Shareholder to the Third Party Purchaser shall be referred to as \u201cthe Bank Group\u2019s Proportion\u201d. In effecting any such sale to the Third Party Purchaser, the Bank Group shall be entitled to substitute Capital Notes and/or convertible debentures convertible into all or a portion of the number of Shares to be sold by the Bank Group pursuant to this clause 2.\n2.5. For the avoidance of doubt, if the Bank shall have exercised its \u201ctag along\u201d right as aforesaid, TIC shall procure that no person comprising the Shareholder shall sell any Shares or Convertible Securities to the Third Party Purchaser without the Bank Group joining in such sale, as aforesaid.\n2.6. Notwithstanding anything to the contrary in this Agreement, no person comprising the Bank Group shall be required to make any representations or warranties to the Third Party Purchaser regarding any matters except the ownership of, and title to, the Shares and/or Convertible Securities to be sold by such person to the Third Party Purchaser as aforesaid, nor shall any person comprising the Bank Group be required to agree to any undertakings except to deliver the Shares and/or Convertible Securities to the Third Party Purchaser against payment therefor in accordance with this clause 2, provided that in the event that (a) not all of the Purchase Price is received by the Shareholder at the closing of the sale to the Third Party Purchaser because of a requirement that the Shareholder place a portion of the Purchase Price into escrow to secure representations, warranties or covenants (other than those related to the Shareholder (and not Tower) and/or its title to the Shares and/or Convertible Securities being sold), a portion of the Purchase Price equal to the Bank Group\u2019s Proportion multiplied by the amount of Purchase Price placed into escrow by the Shareholder shall also be placed into escrow and (b) any payment is made to the Third Party Purchaser (whether from such escrow or not) on account of an indemnification obligation of the Shareholder (other than an indemnification obligation related to (i) representations, warranties or covenants relating to the Shareholder (and not Tower) and/or its title to the Shares and/or Convertible Securities sold and/or (ii) a fraudulent misrepresentation fraudulently made by the Shareholder (such payment, after such exclusion, \u201can Indemnification Payment\u201d), the amount to be released from such escrow to the Bank Group shall be reduced by the Bank Group\u2019s Proportion of the Indemnification Payment or the Bank Group shall pay the Shareholder or the Third Party Purchaser the Bank Group\u2019s Proportion of the Indemnification Payment, as applicable. For the avoidance of doubt, no placement into escrow and/or sharing in an Indemnification Payment as aforesaid shall be construed to mean that the Bank Group has any liability whatsoever to any person, including the Third Party Purchaser, on account of the representations, warranties or covenants of the Shareholder, such placement and/or sharing representing only an adjustment between TIC and the Bank of the tag along right granted pursuant to this clause 2 to reflect when the Purchase Price is actually received by TIC out of such escrow and/or the actual Price Per Share finally received by TIC after such Indemnification Payment.\n2.7. For the avoidance of doubt, (a) in the event the transactions contemplated by an Offer Notice shall not be consummated by the Shareholder for any reason, the Bank Group shall not be required to sell any Shares or Convertible Securities to the Third Party Purchaser and (b) in the event that the Shareholder proposes to sell to a different third party or on terms and conditions other than as set forth in the Offer Notice or in the event that the transaction is not consummated within 2 (two) months after the Bank\u2019s notification of its exercise of its \u201ctag along\u201d rights hereunder, then TIC shall procure that no person comprising the Shareholder shall proceed with any sale without TIC again complying with the terms and conditions of this Clause 2.\n2.8. TIC shall cause its Subsidiaries to act in accordance with this Agreement.", "hash": "e0aecc89b356db3d66965815319c041c", "id": 1}, {"size": 16, "snippet_links": [{"key": "section-138", "type": "clause", "offset": [11, 23]}, {"key": "class-a-membership-interest", "type": "definition", "offset": [41, 68]}, {"key": "a-third-party", "type": "clause", "offset": [115, 128]}, {"key": "complying-with", "type": "clause", "offset": [137, 151]}, {"key": "the-terms-and-conditions", "type": "clause", "offset": [152, 176]}, {"key": "to-transfer", "type": "clause", "offset": [295, 306]}, {"key": "fifty-percent", "type": "definition", "offset": [317, 330]}, {"key": "total-class", "type": "definition", "offset": [344, 355]}, {"key": "single-transaction", "type": "clause", "offset": [383, 401]}, {"key": "similar-transactions", "type": "clause", "offset": [417, 437]}, {"key": "notice-of", "type": "definition", "offset": [501, 510]}, {"key": "transfer-to", "type": "definition", "offset": [525, 536]}, {"key": "to-the-company", "type": "clause", "offset": [561, 575]}, {"key": "participation-notice", "type": "definition", "offset": [595, 615]}, {"key": "terms-and-conditions-of", "type": "clause", "offset": [638, 661]}, {"key": "prospective-transferee", "type": "definition", "offset": [712, 734]}, {"key": "participation-interest", "type": "clause", "offset": [840, 862]}, {"key": "sharing-percentage", "type": "definition", "offset": [873, 891]}, {"key": "the-purchase-price", "type": "clause", "offset": [914, 932]}, {"key": "payment-terms", "type": "clause", "offset": [970, 983]}, {"key": "type-of-transfer", "type": "clause", "offset": [988, 1004]}, {"key": "the-participation", "type": "clause", "offset": [1080, 1097]}, {"key": "notice-by-the", "type": "clause", "offset": [1098, 1111]}, {"key": "the-right", "type": "clause", "offset": [1204, 1213]}, {"key": "notice-in-writing", "type": "clause", "offset": [1218, 1235]}, {"key": "to-the-purchasers", "type": "clause", "offset": [1302, 1319]}, {"key": "same-terms-and-conditions", "type": "clause", "offset": [1356, 1381]}, {"key": "class-b-membership-interest", "type": "definition", "offset": [1432, 1459]}, {"key": "owned-by", "type": "definition", "offset": [1460, 1468]}, {"key": "the-product", "type": "definition", "offset": [1574, 1585]}, {"key": "initiating-members", "type": "definition", "offset": [1756, 1774]}, {"key": "to-the-class", "type": "clause", "offset": [1853, 1865]}, {"key": "received-by", "type": "definition", "offset": [2069, 2080]}, {"key": "participating-offerees", "type": "definition", "offset": [2085, 2107]}, {"key": "in-respect-of", "type": "clause", "offset": [2108, 2121]}, {"key": "sold-to", "type": "clause", "offset": [2160, 2167]}, {"key": "value-of-the-company", "type": "clause", "offset": [2241, 2261]}, {"key": "price-to-be-paid", "type": "clause", "offset": [2277, 2293]}, {"key": "relative-value", "type": "definition", "offset": [2422, 2436]}, {"key": "at-the-closing", "type": "clause", "offset": [2516, 2530]}, {"key": "transfer-in", "type": "definition", "offset": [2547, 2558]}, {"key": "the-case", "type": "definition", "offset": [2687, 2695]}, {"key": "deliver-to", "type": "definition", "offset": [2710, 2720]}, {"key": "proposed-transferee", "type": "definition", "offset": [2725, 2744]}, {"key": "the-membership-interests", "type": "clause", "offset": [2769, 2793]}, {"key": "free-and-clear", "type": "definition", "offset": [2833, 2847]}, {"key": "claims-and-encumbrances", "type": "clause", "offset": [2855, 2878]}, {"key": "duly-endorsed", "type": "clause", "offset": [2906, 2919]}, {"key": "in-exchange", "type": "clause", "offset": [2939, 2950]}, {"key": "consideration-to-be-paid", "type": "clause", "offset": [2964, 2988]}, {"key": "the-last-sentence", "type": "clause", "offset": [3088, 3105]}, {"key": "in-connection-with", "type": "clause", "offset": [3126, 3144]}, {"key": "agree-to", "type": "clause", "offset": [3197, 3205]}, {"key": "provisions-of-this-section", "type": "clause", "offset": [3271, 3297]}, {"key": "other-permitted-transfers", "type": "clause", "offset": [3322, 3347]}], "samples": [{"hash": "cBHgcqnl3W7", "uri": "/contracts/cBHgcqnl3W7#tag-along", "label": "Limited Liability Company Agreement", "score": 26.1704311371, "published": true}, {"hash": "fatwprUumH9", "uri": "/contracts/fatwprUumH9#tag-along", "label": "Limited Liability Company Agreement (American Midstream Partners, LP)", "score": 24.29637146, "published": true}], "snippet": "Subject to Section 13.8(c), no holder of Class A Membership Interest shall Transfer Class A Membership Interest to a third party without complying with the terms and conditions set forth in this Section 13.8, as applicable.\n(a) Any of the Class A Members (each, an \u201cInitiating Member\u201d) desiring to Transfer more than fifty percent (50%) of the total Class A Membership Interest in a single transaction or a series of similar transactions, shall give not less than ten (10) Business Days prior written notice of such intended Transfer to each Class B Member and to the Company. Such notice (the \u201cParticipation Notice\u201d) shall set forth the terms and conditions of such proposed Transfer, including the name of the prospective Transferee, the amount of the Class A Membership Interest proposed to be Transferred by the Initiating Member (the \u201cParticipation Interest\u201d) and the Sharing Percentage attributable thereto, the purchase price proposed to be paid therefor and the payment terms and type of Transfer to be effectuated. Within five (5) Business Days following the delivery of the Participation Notice by the Initiating Member to each Class B Member and to the Company, each Class B Member shall have the right, by notice in writing to the Initiating Member and to the Company, to elect to Transfer to the purchasers in such proposed Transfer (upon the same terms and conditions as the Initiating Member) up to the amount of the Class B Membership Interest owned by such Class B Member (each Class B Member making such election, a \u201cParticipating Offeree\u201d) as shall equal the product of (x) a fraction, the numerator of which is the aggregate Sharing Percentage attributable to the amount of Class A Membership Interest proposed to be transferred by the Initiating Members and the denominator of which is the aggregate Sharing Percentage attributable to the Class A Membership Interest owned by the Initiating Members and (y) the aggregate Sharing Percentage attributable to the Class B Membership Interest held by such Participating Offeree. The consideration to be received by the Participating Offerees in respect of the Class B Membership Interest to be sold to the prospective Transferee shall be determined based upon (i) the deemed value of the Company implied by the price to be paid by the prospective Transferee for the Sharing Percentage attributable to the Class A Membership Interest and (ii) the resulting relative value of the Sharing Percentage attributable to the Class B Membership Interest.\n(b) At the closing of any proposed Transfer in respect of which a Participation Notice has been delivered, the Initiating Member, together with all Participating Offerees, as the case may be, shall deliver to the proposed Transferee certificates evidencing the Membership Interests, if any and as applicable, to be sold, free and clear of all Claims and Encumbrances, together with unit powers duly endorsed, and shall receive in exchange therefor the consideration to be paid or delivered by the prospective Transferee in respect of such Membership Interests as described in the last sentence of Section 13.8(a). In connection with any such Transfer, the Participating Offerees shall agree to the same terms and conditions as the Initiating Members.\n(c) The provisions of this Section 13.8 shall not apply to other Permitted Transfers.", "hash": "c72f67e2540be2859db7a7d3ab621258", "id": 2}, {"size": 14, "snippet_links": [{"key": "transfers-by", "type": "clause", "offset": [22, 34]}, {"key": "oaktree-entities", "type": "definition", "offset": [39, 55]}, {"key": "five-percent", "type": "clause", "offset": [82, 94]}, {"key": "aggregate-number-of-shares", "type": "definition", "offset": [116, 142]}, {"key": "date-hereof", "type": "clause", "offset": [195, 206]}, {"key": "schedule-1", "type": "definition", "offset": [223, 233]}, {"key": "prior-to", "type": "definition", "offset": [268, 276]}, {"key": "subsequent-transfer", "type": "definition", "offset": [281, 300]}, {"key": "person-or-entity", "type": "definition", "offset": [363, 379]}, {"key": "sale-of", "type": "clause", "offset": [475, 482]}, {"key": "pursuant-to-a", "type": "definition", "offset": [522, 535]}, {"key": "national-securities-exchange", "type": "definition", "offset": [546, 574]}, {"key": "affiliate-of", "type": "definition", "offset": [644, 656]}, {"key": "in-writing", "type": "clause", "offset": [712, 722]}, {"key": "terms-of-this-agreement", "type": "clause", "offset": [742, 765]}, {"key": "the-selling", "type": "definition", "offset": [767, 778]}, {"key": "name-and-address", "type": "clause", "offset": [906, 922]}, {"key": "potential-acquiror", "type": "definition", "offset": [930, 948]}, {"key": "upon-receipt-of", "type": "definition", "offset": [950, 965]}, {"key": "such-transfer-notice", "type": "definition", "offset": [966, 986]}, {"key": "delivery-of-a", "type": "clause", "offset": [1046, 1059]}, {"key": "written-request", "type": "definition", "offset": [1060, 1075]}, {"key": "the-transfer-notice", "type": "clause", "offset": [1142, 1161]}, {"key": "received-by", "type": "definition", "offset": [1165, 1176]}, {"key": "sold-to", "type": "clause", "offset": [1212, 1219]}, {"key": "rata-portion", "type": "definition", "offset": [1251, 1263]}, {"key": "total-number-of-shares-of-common-stock", "type": "clause", "offset": [1271, 1309]}, {"key": "same-terms-and-conditions", "type": "clause", "offset": [1422, 1447]}, {"key": "contained-in", "type": "definition", "offset": [1448, 1460]}, {"key": "in-connection-with", "type": "clause", "offset": [1491, 1509]}, {"key": "proposed-transaction", "type": "definition", "offset": [1515, 1535]}, {"key": "simultaneously-with", "type": "clause", "offset": [1537, 1556]}, {"key": "the-rights-and-obligations", "type": "clause", "offset": [1627, 1653]}, {"key": "section-3", "type": "clause", "offset": [1672, 1681]}, {"key": "termination-of-the-agreements", "type": "clause", "offset": [1718, 1747]}, {"key": "section-5", "type": "definition", "offset": [1783, 1792]}, {"key": "resulting-from", "type": "definition", "offset": [1793, 1807]}, {"key": "terminate-the-agreement", "type": "clause", "offset": [1823, 1846]}, {"key": "pursuant-to-the-terms", "type": "clause", "offset": [1909, 1930]}], "samples": [{"hash": "kPc0T9OeW3Z", "uri": "/contracts/kPc0T9OeW3Z#tag-along", "label": "Shareholders' Agreement (Peregrine Real Estate Trust)", "score": 18.0, "published": true}, {"hash": "fF5Y5945ea4", "uri": "/contracts/fF5Y5945ea4#tag-along", "label": "Shareholder Agreements (TCW Group Inc)", "score": 18.0, "published": true}, {"hash": "3iWn59mZWhI", "uri": "/contracts/3iWn59mZWhI#tag-along", "label": "Shareholders' Agreement (Peregrine Real Estate Trust)", "score": 18.0, "published": true}], "snippet": "With the exception of Transfers by the Oaktree Entities of an aggregate of twenty-five percent (25%) or less of the aggregate number of shares of Common Stock held by the Oaktree Entities on the date hereof as set forth on Schedule 1 hereto, at least twenty (20) days prior to any subsequent Transfer by any Oaktree Entities (the \"Selling Oaktree Entity\") to any person or entity other than (a) partners of any Oaktree Entity pursuant to in-kind distributions (so long as no sale of such shares is then contemplated), (b) pursuant to a sale on a national securities exchange, an automated quotation system or over the counter system, or (c) an Affiliate of such Oaktree Entity if such Affiliate has first agreed in writing to be bound by the terms of this Agreement, the Selling Oaktree Entity shall provide to Prudential/Gateway a Transfer Notice explaining the terms of such Transfer and identifying the name and address of the potential Acquiror. Upon receipt of such Transfer Notice, each of Prudential and Gateway shall have the right, upon delivery of a written request to the Selling Oaktree Entity within twenty (20) days of the date the Transfer Notice is received by Prudential/Gateway, to cause to be sold to the potential Acquiror its Pro-Rata Portion of the total number of shares of Common Stock which are proposed to be sold by the Selling Oaktree Entity in the Transfer Notice at the same price and on the same terms and conditions contained in the Transfer Notice delivered in connection with such proposed transaction, simultaneously with (and conditioned upon) the Transfer described in the Transfer Notice. The rights and obligations set forth in this Section 3 shall terminate concurrent with any termination of the agreements of Prudential/Gateway set forth in Section 5 resulting from an election to terminate the agreement of Prudential/Gateway set forth in Section 5 hereof permitted pursuant to the terms of Section 5 hereof.", "hash": "ad07cf745b9b5f8c022771bab4056470", "id": 3}, {"size": 14, "snippet_links": [{"key": "fortress-holders", "type": "definition", "offset": [14, 30]}, {"key": "to-transfer", "type": "clause", "offset": [38, 49]}, {"key": "class-a-units", "type": "definition", "offset": [82, 95]}, {"key": "class-c-preferred-units", "type": "definition", "offset": [169, 192]}, {"key": "class-d-preferred-units", "type": "clause", "offset": [196, 219]}, {"key": "preferred-transfer", "type": "definition", "offset": [224, 242]}, {"key": "for-value", "type": "definition", "offset": [246, 255]}, {"key": "prospective-buyer", "type": "definition", "offset": [263, 280]}, {"key": "bona-fide", "type": "definition", "offset": [297, 306]}, {"key": "section-96", "type": "clause", "offset": [587, 598]}, {"key": "transfer-of-units", "type": "clause", "offset": [614, 631]}, {"key": "not-permitted", "type": "clause", "offset": [664, 677]}, {"key": "null-and-void", "type": "definition", "offset": [707, 720]}, {"key": "and-the-company", "type": "clause", "offset": [722, 737]}, {"key": "give-effect-to", "type": "definition", "offset": [775, 789]}, {"key": "impermissible-transfer", "type": "clause", "offset": [799, 821]}, {"key": "written-notice", "type": "definition", "offset": [832, 846]}, {"key": "in-the-case", "type": "clause", "offset": [922, 933]}, {"key": "a-class", "type": "definition", "offset": [937, 944]}, {"key": "other-holder", "type": "definition", "offset": [962, 974]}, {"key": "the-series", "type": "clause", "offset": [996, 1006]}, {"key": "prior-to", "type": "definition", "offset": [1234, 1242]}, {"key": "the-tag", "type": "clause", "offset": [1258, 1265]}, {"key": "proposed-sale", "type": "clause", "offset": [1325, 1338]}, {"key": "relates-to", "type": "definition", "offset": [1350, 1360]}, {"key": "the-units", "type": "clause", "offset": [1361, 1370]}, {"key": "affected-units", "type": "definition", "offset": [1400, 1414]}, {"key": "number-of-units", "type": "definition", "offset": [1431, 1446]}, {"key": "the-percentage", "type": "definition", "offset": [1490, 1504]}, {"key": "tag-along-sale-percentage", "type": "definition", "offset": [1628, 1653]}, {"key": "per-unit-purchase-price", "type": "definition", "offset": [1669, 1692]}, {"key": "specified-percentage", "type": "definition", "offset": [1792, 1812]}, {"key": "preferred-priority-return", "type": "definition", "offset": [1837, 1862]}, {"key": "units-to-be-sold", "type": "clause", "offset": [1998, 2014]}, {"key": "name-and-address", "type": "clause", "offset": [2021, 2037]}, {"key": "section-984", "type": "clause", "offset": [2114, 2127]}, {"key": "invitation-to", "type": "definition", "offset": [2140, 2153]}, {"key": "additional-number", "type": "definition", "offset": [2254, 2271]}, {"key": "company-match", "type": "clause", "offset": [2336, 2349]}, {"key": "owned-by", "type": "definition", "offset": [2459, 2467]}, {"key": "same-terms-and-conditions", "type": "clause", "offset": [2532, 2557]}, {"key": "with-respect-to", "type": "clause", "offset": [2558, 2573]}, {"key": "subject-to-section", "type": "clause", "offset": [2590, 2608]}, {"key": "notwithstanding-the-foregoing", "type": "clause", "offset": [2671, 2700]}, {"key": "other-rights", "type": "definition", "offset": [2786, 2798]}, {"key": "series-interest", "type": "definition", "offset": [2819, 2834]}, {"key": "unvested-portion", "type": "clause", "offset": [2862, 2878]}, {"key": "pursuant-to-the-terms", "type": "clause", "offset": [2939, 2960]}, {"key": "days-after", "type": "definition", "offset": [3008, 3018]}, {"key": "in-accordance-with", "type": "definition", "offset": [3032, 3050]}, {"key": "section-183", "type": "clause", "offset": [3051, 3063]}, {"key": "participating-seller", "type": "definition", "offset": [3195, 3215]}, {"key": "tag-along-sellers", "type": "definition", "offset": [3277, 3294]}, {"key": "written-offer", "type": "clause", "offset": [3311, 3324]}, {"key": "tag-along-offer", "type": "clause", "offset": [3331, 3346]}, {"key": "business-day-period", "type": "clause", "offset": [3677, 3696]}, {"key": "to-sell", "type": "clause", "offset": [3845, 3852]}, {"key": "unit-price-no", "type": "clause", "offset": [3888, 3901]}, {"key": "other-terms", "type": "definition", "offset": [3983, 3994]}, {"key": "more-favorable", "type": "definition", "offset": [4020, 4034]}, {"key": "obligation-to", "type": "clause", "offset": [4126, 4139]}, {"key": "sale-of-the", "type": "clause", "offset": [4261, 4272]}, {"key": "included-in-the-sale", "type": "clause", "offset": [4348, 4368]}, {"key": "in-the-event-the", "type": "clause", "offset": [4537, 4553]}, {"key": "inclusion-of", "type": "clause", "offset": [4601, 4613]}, {"key": "seller-shall", "type": "clause", "offset": [4752, 4764]}, {"key": "pro-rata-basis", "type": "definition", "offset": [4781, 4795]}, {"key": "according-to", "type": "definition", "offset": [4796, 4808]}, {"key": "aggregate-number", "type": "definition", "offset": [4946, 4962]}, {"key": "the-offer", "type": "clause", "offset": [5064, 5073]}, {"key": "contained-in", "type": "definition", "offset": [5103, 5115]}, {"key": "to-the-extent", "type": "clause", "offset": [5187, 5200]}, {"key": "selling-holders", "type": "clause", "offset": [5428, 5443]}, {"key": "price-per", "type": "definition", "offset": [5683, 5692]}, {"key": "materially-less-favorable", "type": "definition", "offset": [5823, 5848]}, {"key": "at-the-end-of-the", "type": "clause", "offset": [6110, 6127]}, {"key": "following-the", "type": "definition", "offset": [6138, 6151]}, {"key": "date-of", "type": "clause", "offset": [6152, 6159]}, {"key": "effectiveness-of-the", "type": "clause", "offset": [6164, 6184]}, {"key": "making-of-payments", "type": "clause", "offset": [6256, 6274]}, {"key": "delivery-of-documents", "type": "clause", "offset": [6278, 6299]}, {"key": "completion-of-the", "type": "clause", "offset": [6324, 6341]}, {"key": "approvals-or-consents", "type": "clause", "offset": [6398, 6419]}, {"key": "not-completed", "type": "clause", "offset": [6527, 6540]}, {"key": "failure-to-complete", "type": "clause", "offset": [6750, 6769]}, {"key": "failure-by", "type": "clause", "offset": [6798, 6808]}, {"key": "comply-with-the", "type": "clause", "offset": [6838, 6853]}, {"key": "necessary-for", "type": "definition", "offset": [7341, 7354]}, {"key": "a-separate", "type": "definition", "offset": [7355, 7365]}, {"key": "notice-to", "type": "definition", "offset": [7376, 7385]}, {"key": "provisions-of-this-section", "type": "clause", "offset": [7418, 7444]}, {"key": "in-order-to", "type": "clause", "offset": [7475, 7486]}, {"key": "the-foregoing-provisions-of-this", "type": "clause", "offset": [7570, 7602]}, {"key": "the-provisions-of-this", "type": "clause", "offset": [7684, 7706]}, {"key": "exercise-of", "type": "clause", "offset": [7802, 7813]}, {"key": "drag-along", "type": "clause", "offset": [7821, 7831]}, {"key": "section-97", "type": "clause", "offset": [7853, 7864]}, {"key": "affiliate-of", "type": "definition", "offset": [7876, 7888]}, {"key": "to-partners", "type": "clause", "offset": [7920, 7931]}, {"key": "directors-and", "type": "clause", "offset": [7951, 7964]}, {"key": "partnership-or-limited-liability-company", "type": "clause", "offset": [8017, 8057]}, {"key": "provided-that", "type": "definition", "offset": [8059, 8072]}, {"key": "agree-to", "type": "clause", "offset": [8095, 8103]}, {"key": "to-the-same-extent", "type": "definition", "offset": [8151, 8169]}, {"key": "public-sale", "type": "clause", "offset": [8228, 8239]}, {"key": "qualified-public-offering", "type": "clause", "offset": [8328, 8353]}], "samples": [{"hash": "iR8OsX7f0e3", "uri": "/contracts/iR8OsX7f0e3#tag-along", "label": "Limited Liability Company Agreement (Centex Land Vista Ridge Lewisville III General Partner, LLC)", "score": 22.5523605347, "published": true}, {"hash": "fzF3j5K89RC", "uri": "/contracts/fzF3j5K89RC#tag-along", "label": "Limited Liability Company Agreement (Centex Land Vista Ridge Lewisville III General Partner, LLC)", "score": 22.4921283722, "published": true}], "snippet": "9.6.1. If the Fortress Holders desire to Transfer 25% or more of their collective Class A Units in a Series (a \u201cClass A Transfer\u201d), or more than 50% of their collective Class C Preferred Units or Class D Preferred Units (a \u201cPreferred Transfer\u201d), for value to any Prospective Buyer, whether in one bona fide, arm\u2019s length transaction or a series of related contemporaneous or contemporaneously agreed upon transactions and whether to one Prospective Buyer or more than one Prospective Buyer (a \u201cSale\u201d) such Fortress Holders may only do so in the manner and on the terms set forth in this Section 9.6. Any attempted Transfer of Units subject to this Section 9.6 and not permitted by this Section 9.6 shall be null and void, and the Company and such Series shall not in any way give effect to any such impermissible Transfer.\n9.6.2. A written notice (the \u201cTag Along Notice\u201d) shall be furnished by the Fortress Holders to (i) in the case of a Class A Transfer, each other holder of a Class A Unit of the Series proposed to be sold, and (ii) in the case of a Preferred Transfer, each other holder of a Class C Preferred Unit or Class D Preferred Unit, as the case may be (collectively, the \u201cTag Along Offerors\u201d), at least 20 business days prior to such Transfer. The Tag Along Notice shall include:\n(a) The principal terms of the proposed Sale insofar it relates to the Units proposed to be so sold (the \u201cAffected Units\u201d) including the number of Units to be purchased from the Fortress Holders, the percentage of all Affected Units held by the Fortress Holders which such number of Units proposed to be so purchased constitutes the \u201cTag Along Sale Percentage,\u201d the expected per Unit purchase price (which, in the case of Class C Preferred Units or Class D Preferred Units, shall be expressed as a specified percentage of the Series 1 Class C Preferred Priority Return (in the case of Class C Preferred Units) or Series 1 Class D Preferred Priority Return (in the case of Class D Preferred Units) of the Units to be sold), the name and address of the Prospective Buyer, a good-faith estimate of the amounts described in Section 9.8.4; and\n(b) An invitation to each Tag Along Offeror to make an offer to include in the proposed Sale to the Prospective Buyer an additional number of Affected Units, but only including the vested portion of any Company Match Class A Units of such Series (not in any event to exceed the Tag Along Sale Percentage of the Affected Units owned by such Tag Along Offeror) owned by such Tag Along Offeror, on the same terms and conditions with respect to each Unit sold (subject to Section 9.8), as the Fortress Holders shall Sell each of their Units. Notwithstanding the foregoing, in the event Fortress Holders are Transferring 100% of their collective economic or other rights that comprise their Series Interest in a Series in a Sale, the unvested portion of the Affected Units may be included in such proposed Sale pursuant to the terms of this Section 9.6.\n9.6.3. Within 15 business days after the receipt (in accordance with Section 18.3) of the Tag Along Notice, each Tag Along Offeror desiring to make an offer to include Affected Units in the proposed Sale (each a \u201cParticipating Seller\u201d and, together with the Fortress Holders, collectively, the \u201cTag Along Sellers\u201d), shall send a written offer (the \u201cTag Along Offer\u201d) to the Fortress Holders specifying the number of Units (not in any event to exceed the Tag Along Sale Percentage of the Affected Units owned by such Participating Seller) which such Participating Seller desires to have included in the proposed Sale. Each Tag Along Offeror who does not return the Tag Along Offer within such 15 business day period shall be deemed to have waived all of such Tag Along Offeror\u2019s rights with respect to such Sale, and the Tag Along Sellers shall thereafter be free to Sell to the Prospective Buyer, at a per Unit price no greater than 105% of the per Unit price set forth in the Tag Along Notice and on other terms which are not materially more favorable to the Tag Along Sellers than those set forth in the Tag Along Notice, without any further obligation to such non-accepting Tag Along Offerors.\n9.6.4. The Fortress Holders shall attempt to obtain the inclusion in the proposed Sale of the entire number of Affected Units which the Tag Along Sellers desire to have included in the Sale (as evidenced in the case of the Fortress Holders by the Tag Along Notice and in the case of each Participating Seller by such Participating Seller\u2019s Tag Along Offer). In the event the Fortress Holders shall be unable to obtain the inclusion of such entire number of Affected Units in the proposed Sale, the number of Affected Units to be sold in the proposed Sale by each Tag Along Seller shall be reduced on a pro rata basis according to the proportion which the number of all Affected Units which each such Tag Along Seller desires to have included in the Sale bears to the aggregate number of all Affected Units which all of the Tag Along Sellers desire to have included in the Sale.\n9.6.5. The offer of each Participating Seller contained in such Participating Seller\u2019s Tag Along Offer shall be irrevocable, and, to the extent such offer is accepted, such Participating Seller shall be bound and obligated to Sell in the proposed Sale on the same terms and conditions, with respect to each Affected Unit sold (subject to Section 9.8), as the Prospective Selling Holders, up to such number of Affected Units as such Participating Seller shall have specified in such Participating Seller\u2019s Tag Along Offer; provided, however, that (a) if the principal terms of the proposed Sale change with the result that the price per Affected Unit shall be less than 95% of the price per Affected Unit set forth in the Tag Along Notice or the other terms shall be materially less favorable to the Tag Along Sellers than those set forth in the Tag Along Notice, each Participating Seller shall be permitted to withdraw the offer contained in his Tag Along Offer and shall be released from such Participating Seller\u2019s obligations thereunder and (b) if, at the end of the 120th day following the date of the effectiveness of the Tag Along Notice (provided, that if the only condition, other than the making of payments or delivery of documents at such closing, to the completion of the proposed Sale is one or more regulatory or governmental approvals or consents, such 120 day period shall automatically be extended for an additional 45 days), the Fortress Holders have not completed the proposed Sale, each Participating Seller shall be permitted to withdraw the offer contained in his Tag Along Offer and shall be released from such Participating Seller\u2019s obligations thereunder, unless the failure to complete such Sale resulted from any failure by such Participating Seller to comply with the terms of this Section 9.6.\n9.6.6. If, prior to consummation, the terms of the proposed Sale shall change with the result that the price per Affected Unit to be paid in such proposed Sale shall be greater than 105% of the price per Affected Unit set forth in the Tag Along Notice or the other terms of such proposed Sale shall be materially more favorable to the Tag Along Sellers than those set forth in the Tag Along Notice, the Tag Along Notice shall be null and void, and it shall be necessary for a separate Tag Along Notice to be furnished, and the terms and provisions of this Section 9.6 separately complied with, in order to consummate such proposed Sale pursuant to this Section 9.6.\n9.6.7. Notwithstanding the foregoing provisions of this Section 9.6, no other holder of Units shall have any tag along right pursuant to the provisions of this Section 9.6 with respect to any Transfer of Units by the Fortress Holders:\n(a) pursuant to the exercise of their \u201cdrag along\u201d rights contained in Section 9.7;\n(b) to an Affiliate of any of the Fortress Holders or to partners, members, managing directors and principals of any of the Fortress Holders that is a partnership or limited liability company; provided that such transferee shall agree to be bound by the provisions of this Section 9.6 to the same extent as if such transferee were a Fortress Holder; or\n(c) in a Public Sale.\n9.6.8. The foregoing provisions of this Section 9.6 shall expire upon the closing of a Qualified Public Offering and shall not apply to any Units which have been Sold in a Public Sale.", "hash": "90d30b684063887a6f6ae567e29974a0", "id": 4}, {"size": 9, "snippet_links": [{"key": "except-as-provided-in", "type": "clause", "offset": [4, 25]}, {"key": "section-48", "type": "clause", "offset": [26, 37]}, {"key": "at-any-time", "type": "clause", "offset": [39, 50]}, {"key": "management-holders", "type": "definition", "offset": [68, 86]}, {"key": "transfer-shares", "type": "definition", "offset": [98, 113]}, {"key": "common-stock-of-the-company", "type": "clause", "offset": [117, 144]}, {"key": "outstanding-common-stock", "type": "definition", "offset": [202, 226]}, {"key": "party-or-parties", "type": "clause", "offset": [253, 269]}, {"key": "the-management", "type": "clause", "offset": [271, 285]}, {"key": "notice-of", "type": "definition", "offset": [322, 331]}, {"key": "sale-notice", "type": "clause", "offset": [363, 374]}, {"key": "to-the-company", "type": "clause", "offset": [377, 391]}, {"key": "name-and-address", "type": "clause", "offset": [452, 468]}, {"key": "the-shares", "type": "clause", "offset": [535, 545]}, {"key": "number-of-shares-of-common-stock", "type": "clause", "offset": [588, 620]}, {"key": "offered-shares", "type": "definition", "offset": [678, 692]}, {"key": "total-consideration", "type": "definition", "offset": [706, 725]}, {"key": "proposed-transfer", "type": "clause", "offset": [776, 793]}, {"key": "the-consideration", "type": "clause", "offset": [798, 815]}, {"key": "the-proposed-transaction", "type": "clause", "offset": [943, 967]}, {"key": "day-period", "type": "definition", "offset": [1005, 1015]}, {"key": "delivery-of-the", "type": "clause", "offset": [1022, 1037]}, {"key": "notify-the", "type": "clause", "offset": [1075, 1085]}, {"key": "such-investor", "type": "clause", "offset": [1108, 1121]}, {"key": "sale-of-the", "type": "clause", "offset": [1175, 1186]}, {"key": "to-sell", "type": "clause", "offset": [1273, 1280]}, {"key": "price-per-share", "type": "definition", "offset": [1289, 1304]}, {"key": "the-terms", "type": "clause", "offset": [1328, 1337]}, {"key": "period-of", "type": "clause", "offset": [1448, 1457]}, {"key": "company-in", "type": "clause", "offset": [1507, 1517]}, {"key": "section-43", "type": "clause", "offset": [1627, 1638]}, {"key": "use-commercially-reasonable-efforts", "type": "clause", "offset": [1673, 1708]}, {"key": "the-offeror", "type": "definition", "offset": [1721, 1732]}, {"key": "in-addition-to-the", "type": "clause", "offset": [1748, 1766]}, {"key": "participating-investors", "type": "definition", "offset": [1843, 1866]}, {"key": "available-by", "type": "definition", "offset": [1976, 1988]}, {"key": "sold-to", "type": "clause", "offset": [2279, 2286]}, {"key": "the-transaction-contemplated", "type": "clause", "offset": [2690, 2718]}, {"key": "days-after", "type": "definition", "offset": [2780, 2790]}, {"key": "expiration-of-the-option", "type": "clause", "offset": [2795, 2819]}, {"key": "pursuant-to", "type": "clause", "offset": [2861, 2872]}, {"key": "the-common-stock", "type": "clause", "offset": [2970, 2986]}, {"key": "such-party", "type": "clause", "offset": [3007, 3017]}, {"key": "transfers-in", "type": "clause", "offset": [3018, 3030]}, {"key": "without-limitation", "type": "clause", "offset": [3053, 3071]}, {"key": "ownership-of", "type": "clause", "offset": [3086, 3098]}, {"key": "authority-to-transfer", "type": "clause", "offset": [3103, 3124]}, {"key": "other-encumbrances", "type": "clause", "offset": [3165, 3183]}, {"key": "federal-and-state-securities-laws", "type": "definition", "offset": [3244, 3277]}, {"key": "other-applicable-laws-and-regulations", "type": "clause", "offset": [3286, 3323]}, {"key": "party-hereto", "type": "definition", "offset": [3330, 3342]}, {"key": "breaches-of-representations", "type": "clause", "offset": [3469, 3496]}, {"key": "covenants-and-agreements", "type": "clause", "offset": [3510, 3534]}, {"key": "liability-of-each-party", "type": "clause", "offset": [3555, 3578]}, {"key": "pro-rata-portion", "type": "clause", "offset": [3698, 3714]}, {"key": "any-person", "type": "clause", "offset": [3843, 3853]}, {"key": "condition-precedent", "type": "clause", "offset": [4023, 4042]}, {"key": "the-procedures", "type": "definition", "offset": [4110, 4124]}, {"key": "provisions-of-this-section", "type": "clause", "offset": [4192, 4218]}, {"key": "constructive-trust", "type": "clause", "offset": [4375, 4393]}, {"key": "the-rights-granted", "type": "clause", "offset": [4550, 4568]}, {"key": "prior-to-the", "type": "clause", "offset": [4624, 4636]}, {"key": "consummation-of-the", "type": "clause", "offset": [4637, 4656]}, {"key": "transfers-of-common-stock", "type": "clause", "offset": [4690, 4715]}, {"key": "the-company-shall", "type": "clause", "offset": [4719, 4736]}, {"key": "subject-to-the", "type": "definition", "offset": [4744, 4758]}, {"key": "rights-of", "type": "definition", "offset": [4767, 4776]}, {"key": "related-party", "type": "definition", "offset": [4812, 4825]}, {"key": "other-management", "type": "clause", "offset": [4888, 4904]}, {"key": "in-connection-with-any-transfer", "type": "definition", "offset": [4937, 4968]}, {"key": "each-case", "type": "definition", "offset": [5006, 5015]}, {"key": "the-transferee", "type": "clause", "offset": [5017, 5031]}, {"key": "applicable-to", "type": "definition", "offset": [5109, 5122]}, {"key": "agree-to", "type": "clause", "offset": [5145, 5153]}, {"key": "terms-of-this-agreement", "type": "clause", "offset": [5170, 5193]}, {"key": "further-transfer", "type": "clause", "offset": [5218, 5234]}, {"key": "the-original", "type": "clause", "offset": [5302, 5314]}, {"key": "for-the-purposes-of", "type": "clause", "offset": [5359, 5378]}, {"key": "conversion-of", "type": "clause", "offset": [5431, 5444]}, {"key": "a-warrant", "type": "definition", "offset": [5445, 5454]}], "samples": [{"hash": "cp2UbKrXyCk", "uri": "/contracts/cp2UbKrXyCk#tag-along", "label": "Stockholders Agreement (Platinum Pressure Pumping, Inc.)", "score": 22.6591377258, "published": true}], "snippet": "4.1 Except as provided in Section 4.8, at any time that one or more Management Holders desires to transfer shares of Common Stock of the Company representing more than half of one percent (1/2%) of the outstanding Common Stock of the Company to a third party or parties, the Management Holders shall first deliver written notice of their desire to do so (the \u201cCo-Sale Notice\u201d) to the Company and each Investor. The Co-Sale Notice must specify: (i) the name and address of the Person to which the Management Holders propose to transfer the shares of Common Stock (the \u201cOfferor\u201d), (ii) the number of shares of Common Stock the Management Holders propose to transfer (the \u201cCo-Sale Offered Shares\u201d), (iii) the total consideration to be delivered to the Management Holders for the proposed transfer and the consideration for each Co-Sale Offered Share the Management Holders propose to transfer, and (iv) all other material terms and conditions of the proposed transaction.\n4.2 Each Investor may within the 30-day period after delivery of the Co-Sale Notice (the \u201cOption Period\u201d) notify the Management Holders of such Investor\u2019s desire to participate, on a pro-rata basis, in the sale of the Co-Sale Offered Shares and the number of shares of Common Stock such Investor desires to sell, at the price per share of Common Stock and on the terms set forth in the Co-Sale Notice. Each Investor which has so notified the Management Holders within the Option Period of its desire to sell shares of Common Stock of the Company in the transaction (a \u201cParticipating Investor\u201d) shall be entitled to do so, subject to cut-back as set forth in Section 4.3.\n4.3 The Management Holders shall use commercially reasonable efforts to interest the Offeror in purchasing, in addition to the Co-Sale Offered Shares, the shares of Common Stock of the Company which the Participating Investors wish to sell. If the Offeror does not wish to purchase all of the shares of Common Stock of the Company made available by the Management Holders and the Participating Investors (the Management Holders and the Participating Investors being hereinafter referred to collectively as \u201cCo-Sale Right Investors\u201d), then each Co-Sale Right Investor shall be entitled to sell a portion of the shares of Common Stock being sold to the Offeror obtained by multiplying the number of shares of Common Stock that the Offeror is willing to purchase by a fraction, the numerator of which is the number of shares of Common Stock such Co-Sale Right Investor has proposed to sell to the Offeror, and the denominator of which is the number of shares of Common Stock that all of the Co-Sale Right Investors have proposed to sell to the Offeror. The transaction contemplated by the Co-Sale Notice shall be consummated not later than 90 days after the expiration of the Option Period.\n4.4 In connection with a co-sale pursuant to this Section 4, each Investor shall be required to make representations and warranties regarding the Common Stock of the Company that such party transfers in such sale, including, without limitation, such party\u2019s ownership of and authority to transfer such stock, the absence of any liens or other encumbrances on such stock, and the compliance of such transfer with the federal and state securities laws and all other applicable laws and regulations. Each party hereto transferring shares of Common Stock of the Company pursuant to this Section 4 shall be severally (but not jointly) liable for breaches of representations, warranties, covenants and agreements of such party. Such liability of each party hereto transferring shares of Common Stock of the Company pursuant to this Section 4 shall not exceed their respective pro rata portion of the proceeds of such co-sale.\n4.5 If the Management Holders wish to transfer any shares of Common Stock to the Offeror or to any Person at a price or on terms and conditions which differ from those set forth in the Co-Sale Notice, or more than 90 days after the expiration of the Option Period, then as a condition precedent to such transaction, the Management Holders must again comply with the procedures set forth in this Section 4.\n4.6 Any sale made in violation of the provisions of this Section 4 shall be void, and the proceeds of any sale made by the Management Holders in violation of the provisions of this Section 4 shall be deemed to be held in constructive trust by the Management Holders in such amount as would have been due the Participating Investors if the Management Holders had complied with this Section 4.\n4.7 The rights granted pursuant to this Section 4 shall terminate immediately prior to the consummation of the Company\u2019s IPO.\n4.8 The following transfers of Common Stock of the Company shall not be subject to the co-sale rights of this Section 4: transfers (i) to a Related Party of a Management Holder; or (ii) from Management Holder to any other Management Holder, provided, however, that in connection with any transfer contemplated in this Section 4.8, in each case, the transferee shall hold such Common Stock of the Company subject to the same restrictions applicable to its transferor; shall agree to be bound by the terms of this Agreement; and shall not make any further transfer that would not have been permitted pursuant to this Section 4.8 by the original Management Holder of such Common Stock.\n4.9 For the purposes of this Section 4, holders of Common Stock issued upon conversion of a Warrant shall be deemed \u201cInvestors.\u201d", "hash": "7a01b82188f3c1c1cff370ca884edfdb", "id": 8}, {"size": 9, "snippet_links": [{"key": "at-any-time", "type": "clause", "offset": [7, 18]}, {"key": "member-of-the", "type": "clause", "offset": [23, 36]}, {"key": "onex-group", "type": "definition", "offset": [37, 47]}, {"key": "terms-of-this-agreement", "type": "clause", "offset": [159, 182]}, {"key": "group-member", "type": "definition", "offset": [193, 205]}, {"key": "management-employee", "type": "clause", "offset": [252, 271]}, {"key": "directors-of-the-corporation", "type": "clause", "offset": [275, 303]}, {"key": "shares-purchased", "type": "definition", "offset": [344, 360]}, {"key": "services-to-the-corporation", "type": "clause", "offset": [429, 456]}, {"key": "national-securities-exchange", "type": "definition", "offset": [543, 571]}, {"key": "securities-registered", "type": "clause", "offset": [660, 681]}, {"key": "the-1933-act", "type": "clause", "offset": [688, 700]}, {"key": "management-holders", "type": "definition", "offset": [742, 760]}, {"key": "right-to-sell", "type": "clause", "offset": [776, 789]}, {"key": "proposed-purchaser", "type": "clause", "offset": [797, 815]}, {"key": "a-number", "type": "definition", "offset": [816, 824]}, {"key": "management-shares", "type": "definition", "offset": [832, 849]}, {"key": "equal-to", "type": "definition", "offset": [850, 858]}, {"key": "the-total", "type": "clause", "offset": [859, 868]}, {"key": "number-of-shares-to-be-sold", "type": "clause", "offset": [954, 981]}, {"key": "purchaser-and-the", "type": "clause", "offset": [1023, 1040]}, {"key": "total-number-of-shares", "type": "definition", "offset": [1069, 1091]}, {"key": "owned-by", "type": "definition", "offset": [1097, 1105]}, {"key": "share-ratio", "type": "definition", "offset": [1163, 1174]}, {"key": "of-management", "type": "clause", "offset": [1184, 1197]}, {"key": "same-terms", "type": "clause", "offset": [1272, 1282]}, {"key": "the-sale", "type": "clause", "offset": [1308, 1316]}, {"key": "give-notice", "type": "definition", "offset": [1389, 1400]}, {"key": "prior-to-the", "type": "clause", "offset": [1507, 1519]}, {"key": "the-tag", "type": "clause", "offset": [1526, 1533]}, {"key": "in-writing", "type": "clause", "offset": [1556, 1566]}, {"key": "terms-of-the", "type": "clause", "offset": [1590, 1602]}, {"key": "date-of-sale", "type": "definition", "offset": [1700, 1712]}, {"key": "purchase-price-per-share", "type": "clause", "offset": [1718, 1742]}, {"key": "the-share", "type": "clause", "offset": [1748, 1757]}, {"key": "option-to-sell", "type": "clause", "offset": [1819, 1833]}, {"key": "be-conditioned", "type": "clause", "offset": [2227, 2241]}, {"key": "sale-of-shares", "type": "definition", "offset": [2249, 2263]}, {"key": "sale-option", "type": "definition", "offset": [2356, 2367]}, {"key": "section-41", "type": "clause", "offset": [2380, 2391]}, {"key": "days-after", "type": "definition", "offset": [2443, 2453]}, {"key": "notice-of", "type": "definition", "offset": [2516, 2525]}, {"key": "offer-to-sell", "type": "clause", "offset": [2530, 2543]}, {"key": "offered-for-sale", "type": "definition", "offset": [2634, 2650]}, {"key": "election-to-sell", "type": "clause", "offset": [2695, 2711]}], "samples": [{"hash": "bScjx3M8KKR", "uri": "/contracts/bScjx3M8KKR#tag-along", "label": "Management Shareholders Agreement (Prosource Inc)", "score": 18.0, "published": true}], "snippet": "(a) If at any time any member of the Onex Group proposes to sell any Shares except for (i) sales to another member of the Onex Group that becomes bound by the terms of this Agreement (an \"Onex Group Member\"), (ii) sales to a Management Holder or other management employee or directors of the Corporation or a Subsidiary, (iii) sales of the 500 Shares purchased by Onex on June 30, 1992 for later disposition to persons providing services to the Corporation or any of the Corporation's subsidiaries (the \"500 Shares\"), (iv) sales effected on a national securities exchange in the regular way or in the over-the-counter market, or (v) pursuant to an offering of securities registered under the 1933 Act (a \"Tag Along Disposition\"), each of the Management Holders shall have the right to sell to the proposed purchaser a number of his Management Shares equal to the total number of his Management Shares multiplied by a ratio, the numerator of which is the number of Shares to be sold by the Onex Group Member to the proposed purchaser and the denominator of which is the total number of Shares then owned by the Onex Group. Such ratio is referred to herein as the \"Share Ratio.\" A sale of Management Shares pursuant to this Section shall be made at the same price, upon the same terms, and at the same time as the sale by the Onex Group Member of its Shares.\n(b) The Onex Group Member shall give notice (the \"Tag Along Notice\") to each Management Holder of the proposed Tag Along Disposition at least 20 days prior to the same. The Tag Along Notice shall be in writing and shall describe the terms of the Tag Along Disposition in reasonable detail, the identity of the proposed purchaser, the proposed date of sale, the purchase price per Share, and the Share Ratio and shall state that (i) the Management Holder has the option to sell to the proposed purchaser a number of Management Shares equal to the total number of Management Shares then owned by such Holder multiplied by the Share Ratio, (ii) the sale, if made, shall be made at the same price per share, upon the same terms, and at the same time as the sale by the Onex Group Member of its Shares to the proposed purchaser, and (iii) the sale by Management Holders will be conditioned upon a sale of Shares by the Onex Group Member pursuant to this Section.\n(c) A Management Holder may exercise its sale option pursuant to Section 4.1 by delivering to the Onex Group Member, within ten days after such Management Holder receives the Tag Along Notice, written notice of his offer to sell Management Shares pursuant to this Section and indicating the number of Management Shares offered for sale. If a Management Holder gives notice of his election to sell, he shall be obligated to do so, but the sale and his", "hash": "ef79cdd7cb1b6153962564a176762eec", "id": 9}, {"size": 8, "snippet_links": [{"key": "section-84", "type": "clause", "offset": [48, 59]}, {"key": "a-third-party", "type": "clause", "offset": [115, 128]}, {"key": "transfer-of", "type": "clause", "offset": [168, 179]}, {"key": "a-portion", "type": "definition", "offset": [187, 196]}, {"key": "terms-of-this-agreement", "type": "clause", "offset": [262, 285]}, {"key": "prior-to", "type": "definition", "offset": [426, 434]}, {"key": "the-tag", "type": "clause", "offset": [457, 464]}, {"key": "affiliate-shall", "type": "definition", "offset": [485, 500]}, {"key": "to-offer", "type": "definition", "offset": [532, 540]}, {"key": "in-writing", "type": "clause", "offset": [565, 575]}, {"key": "interest-equivalent", "type": "definition", "offset": [736, 755]}, {"key": "aggregate-interest", "type": "definition", "offset": [797, 815]}, {"key": "subject-of-the", "type": "clause", "offset": [835, 849]}, {"key": "purchase-price", "type": "clause", "offset": [887, 901]}, {"key": "same-terms-and-conditions", "type": "clause", "offset": [923, 948]}, {"key": "to-acquire", "type": "definition", "offset": [994, 1004]}, {"key": "to-sell", "type": "clause", "offset": [1059, 1066]}, {"key": "business-days", "type": "definition", "offset": [1204, 1217]}, {"key": "receipt-of", "type": "clause", "offset": [1235, 1245]}, {"key": "tag-along-offer", "type": "clause", "offset": [1250, 1265]}, {"key": "the-closing", "type": "definition", "offset": [1311, 1322]}, {"key": "days-after", "type": "definition", "offset": [1381, 1391]}, {"key": "other-time", "type": "clause", "offset": [1419, 1429]}, {"key": "seller-and-the", "type": "clause", "offset": [1447, 1461]}, {"key": "day-period", "type": "definition", "offset": [1684, 1694]}, {"key": "the-transfer", "type": "clause", "offset": [1820, 1832]}, {"key": "a-tag", "type": "clause", "offset": [1880, 1885]}], "samples": [{"hash": "chbrTizIDZz", "uri": "/contracts/chbrTizIDZz#tag-along", "label": "Limited Liability Company Agreement (Rouse Properties, Inc.)", "score": 24.1827507019, "published": true}, {"hash": "1eHkDlsm2aj", "uri": "/contracts/1eHkDlsm2aj#tag-along", "label": "Limited Liability Company Agreement (Rouse Properties, Inc.)", "score": 24.1827507019, "published": true}], "snippet": "If either \u2587\u2587\u2587\u2587\u2587 or \u2587\u2587\u2587\u2587\u2587\u2587 (for purposes of this Section 8.4, a \u201cTag-Along Member\u201d) receives a bona-fide offer from a third party (a \u201cTag-Along Transferee\u201d) to effect a Transfer of all or a portion of its Interest (which such Transfer shall otherwise satisfy the terms of this Agreement) (such Transfer, a \u201cTag-Along Transfer\u201d) and such Tag-Along Member (the \u201cTag-Along Seller\u201d) desires to effect such Tag-Along Transfer, then prior to consummation thereof, the Tag-Along Seller or its Affiliate shall cause the Tag-Along Transferee to offer (the \"Tag-Along Offer\") in writing to the Tag-Along Member that is not the Tag-Along Seller (the \u201cTag-Along Optionor\u201d) to purchase that portion of the Tag-Along Optionor\u2019s and/or its Affiliates\u2019 Interest equivalent to the portion of the Tag-Along Seller\u2019s aggregate Interest proposed to be the subject of the Tag-Along Transfer for the Tag-Along Purchase Price and otherwise on the same terms and conditions on which the Tag-Along Transferee has agreed to acquire, and the Tag-Along Seller or its Affiliate has agreed to sell, such portion of the Tag-Along Seller\u2019s or such Affiliate\u2019s Interest (the \"Tag-Along Terms\"). The Tag-Along Optionor shall have ten (10) Business Days from the date of receipt of the Tag Along Offer in which to accept such Tag Along Offer, and the closing of such purchase shall occur within fifteen (15) calendar days after such acceptance or at such other time as the Tag-Along Seller and the Tag-Along Transferee may agree. The Tag-Along Optionor shall be deemed to have rejected such Tag Along Offer if such offer is not affirmatively accepted, in writing, by the Tag-Along Optionor within such ten (10) Business-Day period, and the Tag-Along Seller or its Affiliate, shall for one hundred twenty (120) days thereafter, be permitted to proceed with the Transfer on the Tag Along Terms without again obtaining a Tag Along Offer as above-provided.", "hash": "2ab36a12d52f49c371f3c464ea4070ea", "id": 10}, {"size": 12, "snippet_links": [{"key": "holders-of", "type": "clause", "offset": [15, 25]}, {"key": "investor-shares", "type": "definition", "offset": [26, 41]}, {"key": "prospective-selling-investor", "type": "definition", "offset": [64, 92]}, {"key": "to-sell", "type": "clause", "offset": [104, 111]}, {"key": "prospective-purchaser", "type": "clause", "offset": [135, 156]}, {"key": "terms-of", "type": "definition", "offset": [222, 230]}, {"key": "in-connection-with", "type": "clause", "offset": [267, 285]}, {"key": "majority-investors", "type": "definition", "offset": [296, 314]}, {"key": "to-exercise", "type": "clause", "offset": [332, 343]}, {"key": "drag-along", "type": "clause", "offset": [351, 361]}, {"key": "section-42", "type": "clause", "offset": [376, 387]}], "samples": [{"hash": "eYnBaiRobGK", "uri": "/contracts/eYnBaiRobGK#tag-along", "label": "Stockholders Agreement (Panther Expedited Services, Inc.)", "score": 19.5941143036, "published": true}, {"hash": "hFm5NS5I5lq", "uri": "/contracts/hFm5NS5I5lq#tag-along", "label": "Stockholders Agreement (Panther Expedited Services, Inc.)", "score": 19.0, "published": true}, {"hash": "f2JXCxbJVZR", "uri": "/contracts/f2JXCxbJVZR#tag-along", "label": "Stockholders Agreement (Panther Expedited Services, Inc.)", "score": 19.0, "published": true}], "snippet": "If one or more holders of Investor Shares (each such holder, a \u201cProspective Selling Investor\u201d) proposes to Sell any such Shares to any Prospective Purchaser in a transaction (a) not constituting a Transfer pursuant to the terms of Sections 3.1 or 3.2(a)(iii) and (b) in connection with which the Majority Investors have not elected to exercise their \u201cdrag along\u201d rights under Section 4.2:", "hash": "11acdc78d87c12813a5cf957268321d2", "id": 6}, {"size": 13, "snippet_links": [{"key": "participating-seller", "type": "definition", "offset": [2, 22]}, {"key": "transfer-shares", "type": "definition", "offset": [27, 42]}, {"key": "in-accordance-with", "type": "definition", "offset": [59, 77]}, {"key": "the-provisions-of-section", "type": "clause", "offset": [78, 103]}, {"key": "shares-transferred", "type": "definition", "offset": [116, 134]}, {"key": "this-addendum", "type": "definition", "offset": [232, 245]}], "samples": [{"hash": "dHN7gJh1OgW", "uri": "/contracts/dHN7gJh1OgW#tag-along", "label": "Nonqualified Stock Option Agreement (Toys R Us Inc)", "score": 27.2258720398, "published": true}, {"hash": "7uILoBRtRC2", "uri": "/contracts/7uILoBRtRC2#tag-along", "label": "Employment Agreement (Toys R Us Inc)", "score": 26.4209442139, "published": true}, {"hash": "edHLEUxVruS", "uri": "/contracts/edHLEUxVruS#tag-along", "label": "Nonqualified Stock Option Agreement (Toys R Us Inc)", "score": 25.9418201447, "published": true}], "snippet": "A Participating Seller may Transfer Shares pursuant to and in accordance with the provisions of Section 4(a) below. Shares Transferred pursuant to this Section 3(b)(ii) shall conclusively be deemed thereafter not to be Shares under this Addendum.", "hash": "0e0c574aae02ab6b6634691703741dd4", "id": 5}, {"size": 11, "snippet_links": [{"key": "section-44", "type": "clause", "offset": [33, 44]}, {"key": "if-applicable", "type": "definition", "offset": [46, 59]}, {"key": "prospective-selling-stockholder", "type": "definition", "offset": [68, 99]}, {"key": "to-sell", "type": "clause", "offset": [109, 116]}, {"key": "permitted-transferee", "type": "definition", "offset": [170, 190]}, {"key": "first-offer-purchaser", "type": "definition", "offset": [204, 225]}, {"key": "pursuant-to-section", "type": "clause", "offset": [226, 245]}, {"key": "subject-to-section", "type": "clause", "offset": [273, 291]}], "samples": [{"hash": "j1VPVNixHQf", "uri": "/contracts/j1VPVNixHQf#tag-along", "label": "Stockholders Agreement (LCE AcquisitionSub, Inc.)", "score": 19.0, "published": true}, {"hash": "i7pVW0uMG1L", "uri": "/contracts/i7pVW0uMG1L#tag-along", "label": "Stockholders Agreement (LifeCare Holdings, Inc.)", "score": 19.0, "published": true}, {"hash": "gjubARIflJ1", "uri": "/contracts/gjubARIflJ1#tag-along", "label": "Stockholders Agreement (AGY Holding Corp.)", "score": 19.0, "published": true}], "snippet": "Subject to prior compliance with Section 4.4, if applicable, if any Prospective Selling Stockholder proposes to Sell any Shares to any Prospective Buyer(s) that is not a Permitted Transferee (including a First Offer Purchaser pursuant to Section 4.4) in a Transfer that is subject to Section 3.1.5:", "hash": "2b469afec403e350bf95247a1d64158d", "id": 7}], "next_curs": "ClISTGoVc35sYXdpbnNpZGVyY29udHJhY3Rzci4LEhZDbGF1c2VTbmlwcGV0R3JvdXBfdjU2IhJ0YWctYWxvbmcjMDAwMDAwMGEMogECZW4YACAA", "clause": {"size": 460, "title": "Tag Along", "parents": [["transfer-restrictions", "Transfer Restrictions"], ["allowed-transfers", "Allowed Transfers"], ["tag-along-rights", "Tag Along Rights"], ["tag-along-and-drag-along-rights", "Tag Along and Drag Along Rights"], ["miscellaneous", "Miscellaneous"]], "children": [["exercise", "Exercise"], ["notice", "Notice"], ["irrevocable-offer", "Irrevocable Offer"], ["additional-compliance", "Additional Compliance"], ["reduction-of-shares-sold", "Reduction of Shares Sold"]], "id": "tag-along", "related": [["tag-along-right", "Tag-Along Right", "Tag-Along Right"], ["tag-along-rights", "Tag-Along Rights", "Tag-Along Rights"], ["drag-along", "Drag Along", "Drag Along"], ["drag-along-rights", "Drag-Along Rights", "Drag-Along Rights"], ["drag-along-right", "Drag Along Right", "Drag Along Right"]], "related_snippets": [], "updated": "2026-02-25T05:25:33+00:00", "also_ask": [], "drafting_tip": "Specify trigger events and eligible shareholders to prevent disputes; define sale terms alignment to ensure fairness; require timely notice to enable informed decisions.", "explanation": "A Tag Along clause is designed to protect minority shareholders in the event that a majority shareholder decides to sell their shares. It allows minority shareholders to join, or \"tag along,\" in the sale under the same terms and conditions as the majority, ensuring they are not left behind or disadvantaged. For example, if a majority owner finds a buyer for their stake, minority holders can require the buyer to purchase their shares as well. This clause ensures fairness and equal treatment among shareholders, preventing situations where minority interests are marginalized during significant ownership changes."}, "json": true, "cursor": ""}}