Examples of Dragging Member in a sentence
The Dragging Member shall exercise its rights pursuant to this Section 9.03 by delivering a written notice (the "Drag-Along Notice") to the Company and each Drag-Along Member no more than ten (10) Business Days after the execution and delivery by all of the parties thereto of the definitive agreement entered into with respect to the Drag-Along Sale and, in any event, no later than twenty (20) Business Days prior to the closing date of such Drag-Along Sale.
The Dragging Member shall have ninety (90) days following the Drag-Along Notice date in which to consummate the Drag-Along Sale, on the terms set forth in the Drag-Along Notice (which ninety (90) day period may be extended for a reasonable time not to exceed an additional ninety (90) days to the extent reasonably necessary to obtain required approvals or consents from any Governmental Authority or third other third party).
Each Drag-Along Member shall take all actions as may be reasonably necessary to consummate the Drag-Along Sale, including entering into agreements and delivering certificates and instruments, in each case, consistent with the agreements being entered into and the certificates being delivered by the Dragging Member, but subject to Section 9.03(d)(iii).
If at the end of such period (As extended, if applicable) the Dragging Member has not completed the Drag-Along Sale, the Dragging Member may not then exercise its rights under this Section 9.03 without again fully complying with the provisions of this Section 9.03.