Drag Shares definition

Drag Shares means any securities of the Company, including, without limitation, all shares of Common Stock and Preferred Stock of the Company, by whatever name called, now owned or subsequently acquired by a stockholder, however acquired, whether through stock splits, stock dividends, reclassifications, recapitalizations, similar events or otherwise. Xx. Xxxxx and Xx. Xxxx shall take all necessary and desirable actions approved by the Requisite Holders in connection with the consummation of the Company Sale, including the execution of such agreements and such instruments and other actions reasonably necessary to consummate the Company Sale and effectuate the allocation and distribution of the aggregate consideration upon the Company Sale.
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Drag Shares has the meaning set forth in Section 3.5(a).
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Drag Shares has the meaning given in Clause 11.1;
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Examples of Drag Shares in a sentence

  • If a Drag Notice is served, the Dragged Shareholders shall be bound to proceed with the sale of the Drag Shares on the terms and subject to the conditions notified in the Drag Notice.


More Definitions of Drag Shares

Drag Shares shall have the meaning ascribed to it in Section 7.4(a).
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Drag Shares means the Common Shares to be transferred by the Transferring Shareholder to a Drag Transferee.
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Drag Shares has the meaning set out in Clause 18.1;
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Related to Drag Shares

  • Amalco Shares means the common shares in the capital of Amalco;

  • Company Shares has the meaning set forth in the Recitals.

  • Purchaser Shares means the common shares in the capital of the Purchaser.

  • Founder Shares shall have the meaning given in the Recitals hereto and shall be deemed to include the shares of Common Stock issuable upon conversion thereof.

  • Equity Shares means the Common Shares and any shares of any other class or series of the Corporation which may from time to time be authorized for issue if by their terms such shares confer on the holders thereof the right to participate in the distribution of assets upon the voluntary or involuntary liquidation, dissolution or winding up of the Corporation beyond a fixed sum or a fixed sum plus accrued dividends;

  • Sale Shares shall have the meaning set forth in Recital B above; and