Common use of Exit Event/IPO Clause in Contracts

Exit Event/IPO. If a Sale Transaction is not consummated within six (6) months following delivery of a Sale Request, then TPG may: (a) identify a bona fide third party purchaser to acquire the Company or its assets pursuant to a Sale; and/or (b) cause the Company to consummate an IPO; and, in any such case, so long as the price per share applicable to the Ordinary Shares in such transaction is not less than the price per share applicable to Ordinary Shares in any Company Offer obtained within six (6) months following delivery of a Sale Request, then each Shareholder shall be required to, as applicable, vote for, consent to, transfer their Shares pursuant to, and take such other action as may be reasonably required to consummate, any such Exit approved by TPG (and the provisions of clause 16 shall apply to such Exit, mutatis mutandis).

Appears in 1 contract

Sources: Shareholder Agreement (Icts International N V)

Exit Event/IPO. If a Sale Transaction is not consummated within six (6) months following delivery of a Sale Request, then TPG may: (a) identify a bona fide third party purchaser to acquire the Company or its assets pursuant to a Sale; and/or (b) cause the Company to consummate an IPO; and, in any such case, so long as the price per share applicable to the Ordinary Shares in such transaction is not less than the price per share applicable to Ordinary Shares in any Company Offer obtained within six (6) months following delivery of a Sale Request, then each Shareholder shall be required to, as applicable, vote for, consent to, transfer their Shares pursuant to, and take such other action as may be reasonably required to consummate, any such Exit approved by TPG (and the provisions of clause 16 17 shall apply to such Exit, mutatis mutandis).

Appears in 1 contract

Sources: Shareholder Agreements (Icts International N V)