Examples of Tag-Along Right in a sentence
The terms of the Tag-Along Right shall be the same consideration per Share and otherwise the same terms and conditions as applicable to the selling Party.
If no Tag-Along Exercise Notice is submitted until the expiry of the exercise period, the Tag-Along Right of that Shareholder shall be deemed to have been forfeited (verwirkt; périmé) with respect to this Tag-Along Event.
If the proposed acquirer refuses to accept the purchase of the Shares from the Shareholders exercising their Tag-Along Right, the selling Party shall be prohibited from transferring the Shares to the proposed acquirer.
Each Shareholder wishing to exercise its Tag-Along Right with respect to all Shares held by such Shareholder shall so notify the selling Party in accordance with Section 6 within an exercise period of 30 days from receipt of the Tag-Along Notice ("Tag-Along Exercise Notice").
For the avoidance of doubt and notwithstanding anything to the contrary contained herein, a right of first refusal applicable to a Party, if any, and the Tag-Along Right (Section 2) shall not apply in case of a Drag-Along Event.