Dragged Shareholders definition

Dragged Shareholders has the meaning set forth in Section 5.4.

Dragged Shareholders has the meaning set forth in Section 7.1(b).

Dragged Shareholders has the meaning given to that term in clause 26.1.

Examples of Dragged Shareholders in a sentence

• Prior to making any Drag-Along Sale in which the Drag-Along Shareholders wish to exercise their rights under this Section 5, the Drag-Along Shareholders shall provide the Company and the Dragged Shareholders with written notice (the “Drag-Along Notice”) not less than thirty (30) days prior to the proposed date of closing of the Drag-Along Sale (the “Drag-Along Sale Date”).

• Each of the Drag-Along Shareholders and the Dragged Shareholders further undertakes to pay its pro rata share of costs and expenses arising out of or in connection with the Drag-Along Sale.

• 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.

• If the Drag-Along Transaction shall not have been consummated during the Drag-Along Transaction Period, the Drag-Along Shareholder shall promptly return any documents in the possession of the Drag-Along Shareholder executed by the Dragged Shareholders in connection with the Drag-Along Transaction, and all the restrictions on Transfer contained in this Agreement or otherwise applicable at such time with respect to any Equity Securities owned by each of the Shareholders shall continue to be in effect.

• On the Drag-Along Sale Date, each of Drag-Along Shareholders and the Dragged Shareholders shall each deliver or cause to be delivered an instrument of transfer and a certificate or certificates evidencing its Shares to be included in the Drag-Along Sale, duly endorsed for transfer with signatures guaranteed, to such third party purchasers in the manner and at the address indicated in the Drag-Along Notice.

More Definitions of Dragged Shareholders

Dragged Shareholders has the meaning given in Clause 11.1; “Drag Shares” has the meaning given in Clause 11.1;

Dragged Shareholders has the meaning given in clause 14.4.3.

Dragged Shareholders means (in the case of a Series C-2 Approved Sale) all Shareholders other than the Series C-2 Drag-Along Shareholders, (in the case of a Series C-1 Approved Sale) all Shareholders other than the Series C-1 Drag-Along Shareholder, (in the case of a Series C Approved Sale) all Shareholders other than the Series C Drag-Along Shareholder or (in the case of a Series B Approved Sale) all Shareholders other than the Series B Drag-Along Shareholder.

Dragged Shareholders shall have the meaning set forth in Article 123(ii) hereof.

Dragged Shareholders has the meaning ascribed to it in Section 9.2(a) of this Agreement.

Dragged Shareholders shall have the meaning ascribed to the term under Clause 6.3(a);

Dragged Shareholders has the meaning given to such term in Section 20.2 of this Agreement;