Take Along. (a) If at any time, any of the Stockholders constituting more than fifty (50%) of the Common Stock Equivalents, individually or acting as a group (such Stockholders, as applicable, being referred to herein as the “Take Along Group”) elect to consummate, or cause the Company to consummate, a Company Sale to a Third Party which is not an Affiliate of any Stockholder included in the Take Along Group, then upon twenty (20) days’ written notice by the Take Along Group to each other Stockholder, which notice shall set forth the terms and conditions of such proposed Company Sale, including the name of the prospective transferee, the number of shares of Common Stock and Common Stock Equivalents proposed to be sold by the Take Along Group in the Company Sale, the consideration to be received by the Take Along Group and the proposed time and place of closing (such notice being referred to as the “Sale Request”), each other Stockholder (each, a “Seller”), in the event the Company Sale is consummated, shall be obligated to consummate, consent to and raise no objection to the proposed Company Sale and take all other actions reasonably necessary or desirable to consummate the proposed Company Sale on the terms proposed by the Take Along Group as set forth in the Sale Request. Without limiting the generality of the foregoing, (i) if the Company Sale is structured as a merger, consolidation or similar business transaction, each Seller will vote or cause to be voted all Shares that he holds or with respect to which he has the power to direct the voting and which he is entitled to vote on such proposed Company Sale in favor of such proposed Company Sale and will waive all appraisal and dissenters rights and hereby grants a proxy in favor of the Take Along Group to vote the Seller’s Shares in accordance with this Section 2.4(a) and (ii) if the Company Sale is structured as a sale or redemption of Common Stock, each Seller will agree to sell his pro rata portion of Common Stock Equivalents (including his pro rata portion of Time Options, Rollover Options and Performance Options which would become Common Stock Equivalents by reason of the Company Sale) being sold in the Company Sale on the same terms and conditions as the Take Along Group. A Stockholder’s pro rata portion, for purposes of this Section 2.4(a), is the product of (i) a fraction, the numerator of which is the number of outstanding Common Stock Equivalents which such Stockholder then owns and the denominator of whi...
Take Along. If, at any time prior to a Qualified Public ---------- Offering, Investment Parties holding at least 662/3% of the Shares owned by all Investment Parties (such persons being referred to in this Section 2.06 as the "Take Alone Group") shall determine to sell or exchange (in a business ---------------- combination or otherwise) 50% or more of the total number of Shares then issuable or outstanding in one or a series of bona fide arm's-length transactions to a third party who is not an Affiliate of the Take Along Group, then, upon 30 days' written notice of the Take Along Group, which notice shall include reasonable details of the proposed sale or exchange, including the proposed time and place of the closing and the consideration to be received by the Investment Parties (such notice being referred to as the "Sale Request"), ------------ each other Investment Party and Initial Stockholder shall be obligated to, and shall (a) sell, transfer and deliver or cause to be sold, transferred and delivered, to such third party, that percentage of its or the Stockholders' Shares or Preferred Shares that is equal to the aggregate percentage of the Take Along Group's Shares or Preferred Shares being sold or exchanged by the Take Along Group in the same transaction at the closing thereof (and deliver certificates for such percentage of its or the Stockholders' Shares or Preferred Shares at the closing, free and clear of all claims, liens and encumbrances), and each Investment Party and the Stockholders, including the members of the Take Along Group, shall receive the same consideration per share of Common Stock upon such sale or exchange as members of the Take Along Group, (b) upon request, consent to the cancelation of any vested stock options for purchase of shares of Common Stock for an amount per Share equal to the difference, if any, between the consideration per Share or Preferred Share referenced in the preceding clause and the exercise price of such vested stock options, and (c) if Stockholder approval of the transaction is required, vote its or the Stockholders' Shares or Preferred Shares in favor thereof.
Take Along. If at any time both (i) Jordan Investors owning interests representing a majority of the shares of Common Stock or Warrants beneficially owned by the Jordan Investors and (ii) the FNBB Affiliate (such Jordan Investors and the FNBB Affiliate being referred to in this Section 5.9 as the "Selling Investors") shall determine to sell or exchange (in a business combination or otherwise) two-thirds or more of their aggregate shares of Common Stock or Warrants in a bona fide arm's-length transaction to a third party in which the same price per share shall be payable in respect of all shares of any class of the Common Stock or Warrants, then, upon the written request of such Selling Investors, each other Jordan Investor, each Management Investor, each Jaro Investor and each Xxxxxx Investor shall be obligated to, and shall, if so requested by such third party, (a) sell, transfer and deliver or cause to be sold, transferred and delivered to such third party, all shares of Common Stock or Warrants owned by them at the same price per share (irrespective of class) and on the same terms as are applicable to the Selling Investors, and (b) if stockholder approval of the transaction is required, vote his, her or its shares of Voting Stock in favor thereof. The provisions of Sections 5.1 through 5.4, inclusive, and Section 5.7 shall not apply to any transactions to which this Section 5.9 applies.
Take Along. (a) Except as provided in Section 4.4(c) and except with respect to shares of Common Stock (or any other shares of common stock of the Company into which the Common Stock may be converted) sold pursuant to an Initial Public Offering, if a Transfer Event shall occur, then, at Parent's option exercisable by the written notice by Parent to the Grantees (the "Take Along Notice"), each Grantee receiving the Take Along Notice shall sell, transfer and deliver, or cause to be sold, transferred and delivered, to such Person, all of such Grantee's Shares on the same material terms and conditions to which Parent is bound pursuant to the proposed Transfer (including the execution of related documents and agreements). If Parent sells or exchanges less than all its shares of Common Stock it may determine in its discretion to issue a Take Along Notice for the same proportion of Shares of Grantees.
(b) At the closing of any proposed Transfer in respect of which a Take Along Notice has been delivered, Parent and the Grantees shall deliver to the proposed transferee certificates evidencing the shares of Common Stock to be sold thereto together with duly executed forms of assignment sufficient to transfer title thereto to such transferee and shall receive in exchange therefor the consideration to be paid or delivered by the proposed transferee in respect of such shares.
(c) The provisions of this Section 4.4 shall not apply to any Transfer pursuant to Section 4.2.
Take Along. Notwithstanding anything to the contrary contained in this Article VII, if the Majority Members (for purposes of this Section, the "Transferor Member(s)") decide to sell all or any portion of their Participation Percentages in a single transaction, or in a series of related transactions, to a third party (including an affiliated group of persons or entities), the Transferor Member(s) shall have the right to require each other Member (the "Other Member(s)") to sell all or any portion of the Participation Percentage held by such Other Member(s) on the same terms and conditions as those on which the Transferor Member(s) are selling their Participation Percentages to such third party, including but not limited to, the purchase price and payment terms provided that the amount to be paid (whether directly by the third party or inclusive of supplemental amounts paid or contributed to the Other Member by the Transferor Member) equals or exceeds the amount which the Other Member would receive on the basis of a valuation of the Company made in accordance with Exhibit D hereto. At least ten (10) days prior to the proposed transfer, the Transferor Member(s) shall give notice to each Other Member of the intention to transfer and the intention of the Transferor Member to exercise its rights under this Section 7.7 to require that the Other Member transfer its Participation Percentages, together with a statement as to the portion of the Participation Percentage of such Other Member to be transferred, and the principal terms of the transfer, including the price and payment terms. Each Transferor Member agrees to endeavor to discuss with the Other Members in reasonable detail the proposed transaction, including but not limited to the commercial reasonableness of the terms and conditions thereof, prior to consummation thereof, but shall under no circumstances be required to delay the consummation of the transaction in order to pursue such discussion. Each Member hereby covenants and agrees that, upon receipt of the aforesaid notice, it will take such actions and execute such documents and instruments as shall be necessary or appropriate to consummate any transfer contemplated by this Section 7.7, and does hereby appoint each Transferor Member as his or its true and lawful attorney in fact to execute and deliver on its behalf such documents and instruments should it fail to do so in a timely or appropriate manner.
Take Along. If Charlesbank Capital Partners, LLC agrees to transfer all of the shares of Common Stock which it owns and which are owned by funds that it manages to any person or entity other than an affiliate of the Principal Shareholders, and so long as the Principal Shareholders then own more than 50% of the Combined Voting Power of the then outstanding shares of capital stock of the Company, then Charlesbank Capital Partners, LLC shall have the right to require the Purchaser to sell his Shares to such person or entity upon the same terms and subject to the same conditions as the Principal Shareholders have agreed to sell their shares. The Principal Shareholders shall provide a written notice of such sale not less than 30 days prior to the closing of such sale.
Take Along. If at any time the Jordan Investors (such Jordan Investors being referred to in this Section 5.07 as the "SELLING INVESTORS") shall determine to sell or exchange (in a business combination or otherwise) two-thirds or more of the fully diluted shares of Common Stock in a bona fide arm's length transaction to an unaffiliated third party in which the same price per share shall be payable in respect of all shares of any class of the Common Stock, then, upon the written request of such Selling Investors, each other Stockholder shall be obligated to, and shall, if so requested by such third party, (a) exercise all DLJ Warrants held by such Stockholder, (b) sell, transfer and deliver or cause to be sold, transferred and delivered to such third party, all (but not less than all) of the shares of Common Stock owned by them (including Common Stock issued upon
Take Along. Except for a Sales Transaction contemplated under the provisions of Section 2 hereof which shall be exclusively governed by such Section 2 and not this Section 11, if at any time any or all of the SCI Stockholders (for purposes of this Section 11, the "Take-Along Holder(s)") decide (and are permitted pursuant to Section 4 hereof) to sell any or all of their Shares in a Sale Transaction or Transfer (as such terms are defined herein), or in a series of related Sales Transactions or Transfers, to a third party, the AV Stockholders shall have the right to sell the same proportionate amount of their Shares on the same terms and conditions, including, but not limited to, the purchase price and payment terms, as those on which the Take-Along Holder(s) are selling their Shares to such third party.
Take Along. In the event that the Non-Offering Shareholder elects not ---------- to exercise his right of first refusal set forth in this Section 4, then the Offering Shareholder, at the request of a Non-Offering Shareholder, which request shall be made in writing during the Exercise Period, shall cause the Offer to be extended to the Non-Offering Shareholder for the purchase of all Common Stock then owned by it on the same terms and conditions set forth in the Offer.
Take Along. If any transfer of shares of Common Stock by Teltronics involves the transfer of more than fifty percent (50%) of the issued and outstanding shares of Common Stock owned by Teltronics to any unaffiliated party (“Sale of Control”) Teltronics may but shall not be obligated to require each Shareholder to sell, or cause to be sold, the same proportionate part of the Shares owned by him as are proposed to be sold by Teltronics for the same consideration per Shares and otherwise on the same terms and conditions obtained by Teltronics in the Sale of Control transaction.
