Common use of Wafra Dragged Interests Clause in Contracts

Wafra Dragged Interests. Following receipt of a Drag-Along Notice, the Wafra Participation Entity(s) holding Ownership Interests shall be obligated to sell to the Purchaser the Wafra Dragged Interests at the same time as the Drag-Along Sellers to the Purchaser. Notwithstanding any provision to the contrary in this Agreement, the Wafra Participation Entity(s) shall only be required to Transfer the Wafra Dragged Interests in the event that the Purchaser accepts and purchases all of the Wafra Dragged Interests required by the terms of this Agreement to be acquired by the Purchaser in connection with such Drag-Along Sale.

Appears in 2 contracts

Samples: Carried Interest Participation Agreement (DigitalBridge Group, Inc.), Purchase and Sale Agreement (DigitalBridge Group, Inc.)

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Wafra Dragged Interests. Following receipt of a Drag-Along Notice, the Wafra Participation Entity(sManagement Subscriber(s) holding Ownership Interests shall be obligated to sell to the Purchaser the Wafra Dragged Interests at the same time as the Drag-Along Sellers to the Purchaser. Notwithstanding any provision to the contrary in this Agreement, the Wafra Participation Entity(sManagement Subscriber(s) shall only be required to Transfer the Wafra Dragged Interests in the event that the Purchaser accepts and purchases all of the Wafra Dragged Interests required by the terms of this Agreement to be acquired by the Purchaser in connection with such Drag-Along Sale.

Appears in 1 contract

Samples: Investor Rights Agreement (Colony Capital, Inc.)

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Wafra Dragged Interests. Following receipt of a Drag-Along Notice, the Wafra Participation Entity(sBuyer(s) holding Ownership Interests shall be obligated to sell to the Purchaser the Wafra Dragged Interests at the same time as the Drag-Along Sellers to the Purchaser. Notwithstanding any provision to the contrary in this Agreement, the Wafra Participation Entity(sBuyer(s) shall only be required to Transfer the Wafra Dragged Interests in the event that the Purchaser accepts and purchases all of the Wafra Dragged Interests required by the terms of this Agreement to be acquired by the Purchaser in connection with such Drag-Along Sale.

Appears in 1 contract

Samples: Carried Interest Participation Agreement (Colony Capital, Inc.)

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