Examples of Drag Purchaser in a sentence
The Company's receipt of the Drag Consideration shall be a good discharge to the Drag Purchaser.
On the Drag Completion Date, the Company shall pay each Called Shareholder, on behalf of the Drag Purchaser, the Drag Consideration that is due to the extent the Drag Purchaser has paid such consideration to the Company.
The Selling Shareholders may exercise the Drag Along Option by giving a written notice to that effect ( Drag Along Notice) to the Company which the Company shall without delay copy to the Called Shareholders at any time before the transfer of the Sellers’ Shares to the Drag Purchaser.
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To the extent that the Drag Purchaser has not, on the Drag Completion Date, paid the Drag Consideration that is due to the Company, the Called Shareholders shall be entitled to the immediate return of the Drag Documents for the relevant Ordinary Shares and the Called Shareholders shall have no further rights or obligations under this article12 in respect of their Ordinary Shares.
The Company’s receipt of the Drag Consideration shall be a good discharge to the Drag Purchaser.
The consideration (in cash or otherwise) for which the Called Shareholders shall be obliged to sell each of the Called Shares shall be that to which they would be entitled if the total consideration proposed to be paid by the Drag Purchaser were distributed to the holders of the Called Shares and the Sellers’ Shares pro rata to the number of Ordinary Shares held by each Shareholder.
No Drag Along Notice or Sale Agreement may require a Called Shareholder to agree to any terms except those specifically provided for in this Article.16.3Drag Along Notices shall be irrevocable but will lapse if for any reason there is not a sale of the Sellers' Shares by the Selling Shareholders to the Drag Purchaser within 60 Business Days after the date of service of the Drag Along Notice.
It is clarified that if any Equity Securities are not sold to the Drag Purchaser, then the holders of such Equity Securities shall not be entitled to distribution in accordance with this Article 6.5.
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