Examples of Drag-Along Right in a sentence
Upon delivery of the Drag-Along Right Notice to the Other Party, the Other Party shall be obligated to sell the Other Party’s Interest to the Third Party on the same terms and conditions, pro rata, as the Selling Party is prepared to sell its interest to the Third Party.
The Drag-Along Smart Contract may be used by majority shareholders or a majority of Drag- Along Token Holders to trigger the Drag-Along Right under this Drag-Along Smart Contract based on an Offer Price that is below the fair market value of the Drag-Along Tokens, or to amend or terminate the Drag-Along Smart Contract and this Agreement.
The provisions of Clause 10.8 shall apply, with the necessary changes made, with respect to a ROFR, the Piggyback Right and the Drag-Along Right in respect of the interests of APPIA and Xxxxxxx in the Company.