Examples of Drag Along Option in a sentence
It is understood and agreed that the Selling Sponsors may exercise more than one Drag Along Option.
In no event shall a Management Stockholder be liable for more than the total proceeds received by such Management Stockholder in the transaction giving rise to the Drag Along Option.
For the avoidance of doubt if a Drag Along Option is exercised after the ninth anniversary of Completion the provisions of this Clause shall not apply.
For the avoidance of doubt, nothing in this clause 13.3.1 prevents Cirrata from exercising the Drag Along Option in respect of such transaction.
Accordingly, no shareholder’s approval is required for the entry into of the Supplemental SHA as the Drag Along Option is a “non-disclosable transaction” based on the information available at the point in time the Drag Along Option is granted by the Company.