Exercise of Tag-Along Right. Each Shareholder wishing to exercise its Tag-Along Right with respect to the Relevant Shares shall so notify the Selling Shareholder(s) in accordance with the notice provision set forth in Article 13.5 within a period of thirty (30) calendar days from receipt of the Tag-Along Notice (the Tag-Along Exercise Notice) by the Company. If no Tag-Along Exercise Notice is submitted by a Shareholder within the period of thirty (30) calendar days from receipt of the Tag-Along Notice by the Company, the Tag-Along Right of that Shareholder shall be deemed to have been forfeited (périmé) with respect to this particular Tag-Along Event. If the proposed acquirer refuses to accept the purchase of the Shares from the Shareholders who provided a Tag-Along Notice, the Selling Shareholder(s) shall be prohibited from Transferring the Relevant Shares to the proposed acquirer.
Appears in 1 contract
Sources: Shareholder Agreement
Exercise of Tag-Along Right. Each Shareholder wishing to exercise its Tag-Along Right with respect to the Relevant Shares shall so notify the Selling Shareholder(s) in accordance with the notice provision set forth in Article 13.5 12 within a period of thirty (30) calendar Calendar days from receipt of the Tag-Along Notice (the "Tag-Along Exercise Notice") by the Company. If no Tag-Along Exercise Notice is submitted by a Shareholder within the period of thirty (30) calendar Calendar days from receipt of the Tag-Along Notice by the Company, the Tag-Along Right of that Shareholder shall be deemed to have been forfeited (périmé) with respect to this particular the respective Tag-Along Event (but not for any other or subsequent Tag-Along Event). If the proposed acquirer refuses to accept the purchase of the Shares from the Shareholders who provided a Tag-Along Notice, the Selling Shareholder(s) shall be prohibited from Transferring the Relevant Shares to the proposed acquirer.
Appears in 1 contract
Sources: Shareholder Agreement
Exercise of Tag-Along Right. Each Shareholder wishing to exercise its Tag-Along Right with respect to the Relevant Shares shall so notify the Selling Shareholder(s) in accordance with the notice provision set forth in Article 13.5 12 within a period of thirty (30) calendar …………. Calendar days from receipt of the Tag-Along Notice (the "Tag-Along Exercise Notice") by the Company. If no Tag-Along Exercise Notice is submitted by a Shareholder within the period of thirty (30) calendar …………… Calendar days from receipt of the Tag-Along Notice by the Company, the Tag-Along Right of that Shareholder shall be deemed to have been forfeited (périmé) with respect to this particular the respective Tag-Along Event (but not for any other or subsequent Tag-Along Event). If the proposed acquirer refuses to accept the purchase of the Shares from the Shareholders who provided a Tag-Along Notice, the Selling Shareholder(s) shall be prohibited from Transferring the Relevant Shares to the proposed acquirer.
Appears in 1 contract
Sources: Shareholder Agreement