Examples of Drag Securities in a sentence
Upon receipt of the Promoter EOD Drag Along Notice, the Investor shall be bound to Transfer the Investor EOD Drag Securities simultaneously with the Transfer of Securities of the Company by the Promoter, at the Promoter EOD Drag Price, and on the terms and conditions and to such Person(s) as set forth in the Promoter EOD Drag Along Notice.
Upon receipt of the EOD Drag Along Notice, the Promoter shall be bound to Transfer the EOD Drag Securities simultaneously with the Transfer of Securities of the Company by the Investor, at the EOD Drag Price, and on the terms and conditions and to such Person(s) as set forth in the EOD Drag Along Notice.
All regular full time Employees shall receive a housing allowance of four hundred and fifty ($450.00) per month.
The Drag Notice shall contain the price at which the Drag Securities shall be purchased by the Strategic Investor which shall be the same as the price at which the Strategic Sale Securities are proposed to be sold by the Investor and upon the same terms and conditions as are given to the Investor.
Further, while Transferring the EOD Drag Securities in accordance with this Article, Radiant and the Company shall provide the necessary representations, warranties, covenants and indemnities to the proposed transferee as may be required by such proposed transferee.
Upon receipt of the EOD Drag Along Notice, Max India shall be bound to Transfer the EOD Drag Securities simultaneously with the Transfer of Equity Securities of the Company by Radiant, at the EOD Drag Price, and on the terms and conditions and to such Person(s) as set forth in the EOD Drag Along Notice.
Upon expiry of a period of 30 (thirty) days from the date of receipt of the Drag Notice by the Promoter Representative, the Investor shall have the right to cause the Promoters to sell the Drag Securities at the price and on the terms specified in the Drag Notice, and the Promoters shall be required to sell the Drag Securities at such price and on such terms simultaneously with the sale of Strategic Sale Securities by the Investor.
In this case, the failure of the slope is more likely to reoccur.
Further, while Transferring the Drag Securities in accordance with this Article, Max India and the Company shall provide the necessary representations, warranties, covenants and indemnities to the proposed transferee as may be required by such proposed transferee.
The Dragged Shareholder shall exercise the Dragged Shareholder Right of Refusal by issuing a notice to the Drag Seller indicating its intention to purchase the Drag Securities in accordance with this Article 122(iii).