Examples of Tag Rights in a sentence
The LIH Tag Rights shall not apply to any shares of EQY Common Stock pledged by any member of the Gazit Group as security for a bona fide loan from a Qualified Lender (any such currently or future pledged shares, the “Pledged Shares”) that are foreclosed upon or sold by the Qualified Lender.
The NCS Tag Rights are further detailed in the Reorganized Parent Organizational Documents.
Subject to Sections 2.8 and 7.1 of this Agreement, if Liberty Group acquires Additional Shares, such Additional Shares will be subject to (or benefit from) the LIH Tag Rights, Gazit ROFOs, LIH Voting Obligation and Section 2.8. In addition, as provided in Section 2.8, Liberty Group may only acquire Additional Shares, directly or indirectly, through a U.S. controlled entity.
In the event an Electing Stockholder has not notified the Section 6 Selling Stockholders of its intent to exercise such Tag Rights within ten (10) days of receipt of a Tag Notice, such Electing Stockholder will be deemed to have elected not to exercise such Tag Rights, and shall forfeit, with respect to the transaction contemplated by such Tag Notice.
Any Subject Shares not sold to the Proposed Gazit Transferee within 120 days of the termination of the Offer Period shall again be subject to the LIH Tag Rights pursuant to this Article 5.
Each Party acknowledges that the Drag Rights, Co-Sale Rights and the Tag Rights may result in a transfer of Shares or other Relevant Securities held by it and agrees and approves the application of the Drag Rights, Co-Sale Rights and Tag Rights in accordance with their terms.
As a material obligation of Buyer hereunder, Buyer agrees to purchase all interests of the holders that may timely and properly exercise such tag along rights in and to the Leases and Xxxxx and associated property in compliance with applicable Tag Rights Agreements.
In the event a Stockholder has not notified the Company of its intent to exercise such Tag Rights within ten (10) days of receipt of a Tag Notice, such Stockholder will be deemed to have elected not to exercise such Tag Rights with respect to the transaction contemplated by such Tag Notice.
Purchaser acknowledges and agrees that in addition to its purchase of the Assets under, and pursuant to, this Agreement, it may also be purchasing from each Tag Rights Seller working interest in oil and gas properties (and associated assets) that are related to the Assets.
Seller shall promptly provide Purchaser updates as to the status (and copies) of the delivery of the Tag Rights Notices and any written correspondence, elections or waivers among Seller and each Tag Rights Seller regarding such Tag Right Seller’s tag right.