Drag Notice definition

Drag Notice shall have the meaning ascribed to it in Clause 5.3.2;

Drag Notice shall have the meaning as defined in Section 2.5.

Drag Notice has the meaning given to such term in Section 4.14(b);

Examples of Drag Notice in a sentence

• In such event, the Drag Sellers may require the Company to give notice of the terms of the proposed sale (Drag Notice) to the remaining Shareholders who have not agreed to sell the whole of their Shares to such Drag Buyer (Dragged Shareholders).

• If no legally binding agreement is reached between the Drag Buyer and the Dragged Shareholders within such period, then on that day which is 30 days after the date the Drag Notice is given, the Dragged Shareholders must sell all of their Shares to the Drag Buyer free from all encumbrances.

• The Drag Notice must specify the identity of the Drag Sellers and Drag Buyer, the price payable for each Share, the completion date of the proposed sale and any other material terms of the proposed sale.

• The Drag Notice will require each of the Dragged Shareholders to accept such offer in the Drag Notice within 21 days after the date that the Drag Notice is given.

• Within twenty (20) days following receipt of the Drag Notice, each such participant shall deliver to the Corporation written notice setting forth such participants’ agreement to consent to and raise no objections against, or impediments to, the Approved Sale (including, waiving all dissenter’s and similar rights).

More Definitions of Drag Notice

Drag Notice shall have the meaning set forth in Section 8(c).

Drag Notice has the meaning given to it in paragraph 1.1 of Part B of Schedule 2; "Drag Price" has the meaning given to it in paragraph 1.1 of Part B of Schedule 2;

Drag Notice as defined in Section 5(b).

Drag Notice shall have the meaning set forth in Section 8.7.2.

Drag Notice has the meaning as set out in Article 44;

Drag Notice has the meaning given in clause 18.1; "Due Amount" has the meaning given to it in clause 38;

Drag Notice has the meaning set forth in Section 1 of Exhibit F hereof.