Reduction of Shares Sold Sample Clauses

Reduction of Shares Sold. The Prospective Selling Stockholder shall attempt to obtain the inclusion in the proposed Sale of the entire number of Shares which each of the Tag Along Sellers requested to have included in the Sale (as evidenced in the case of the Prospective Selling Stockholder by the Tag Along Notice and in the case of each Participating Seller by such Participating Seller’s Tag Along Offer). In the event the Prospective Selling Stockholder shall be unable to obtain the inclusion of such entire number of Shares in the proposed Sale, the number of Shares to be sold in the proposed Sale shall be allocated among the Tag Along Sellers in proportion, as nearly as practicable, as follows:
AutoNDA by SimpleDocs
Reduction of Shares Sold. The Prospective Selling Shareholders shall attempt to obtain the inclusion in the proposed Sale of the entire number of Shares which the Tag Along Sellers desire to have included in the Sale (as evidenced in the case of the Prospective Selling Shareholders by the Tag Along Notice and in the case of each Participating Seller by such Participating Seller's Tag Along Offer). In the event the Prospective Selling Shareholders shall be unable to obtain the inclusion of such entire number of Shares in the proposed Sale (including without limitation by virtue of the proviso to Section 2.1.5), the number of Shares to be sold in the proposed Sale by each such Tag Along Seller shall be allocated to each Tag Along Seller, pro rata based on the aggregate number of Shares held by each such Tag Along Seller concurrently receiving an allocation of Shares; provided, however, that if, in the case of any such Tag Along Seller, such Tag Along Seller shall have been so allocated a number of Shares equal to the number specified by such Tag Along Seller in such Tag Along Notice or Tag Along Offer, as applicable, then such Tag Along Seller shall not be allocated any Shares in excess of such number so specified, and any Shares remaining unallocated shall be allocated among the remaining Tag Along Sellers pro rata based on the aggregate number of Shares held by each such remaining Tag Along Seller, until all Shares specified to be sold in the Tag Along Notice have been so allocated.
Reduction of Shares Sold. The Initial Principal Shareholder shall include in the proposed Sale of the entire number of Shares which each of the Principal Shareholder Tag Along Sellers requested to have included in the Sale (as evidenced in the case of the Initial Principal Shareholder by the Principal Shareholder Tag Along Notice and in the case of each Participating Principal Shareholder by such Participating Principal Shareholder’s Principal Shareholder Tag Along Offer) subject to reduction as set forth in
Reduction of Shares Sold. The Prospective Selling Investors ------------------------ shall attempt to obtain the inclusion in the proposed Sale of the entire number of Shares which the Tag Along Sellers desire to have included in the Sale (as evidenced in the case of the Prospective Selling Investors by the Tag Along Notice and in the case of each Participating Seller by such Participating Seller's Tag Along Offer). In the event the Prospective Selling Investors shall be unable to obtain the inclusion of such entire number of Shares in the proposed Sale, the number of Shares to be sold in the proposed Sale by the each Tag Along Seller shall be reduced on a pro rata basis according to the proportion which the number of Shares which each such Tag Along Seller desires to have included in the Sale bears to the total number of Shares which all of the Tag Along Sellers desire to have included in the Sale.
Reduction of Shares Sold. The Prospective Selling Group shall attempt to obtain the inclusion in the proposed Sale of the entire number of Shares which the Tag Along Sellers requested to have included in the Sale (as evidenced in the case of the Prospective Selling Group by the Tag Along Notice and in the case of each Participating Seller by such Participating Seller’s Tag Along Offer). In the event the Prospective Selling Group shall be unable to obtain the inclusion of such entire number of Shares in the proposed Sale (consistent with all obligations of members of the Prospective Selling Group to include shares other than Management Shares in the Sale), the number of Shares to be sold in the proposed Sale by each Tag Along Seller shall be reduced on a pro rata basis according to the proportion which the number of Shares which each such Tag Along Seller desires to have included in the Sale bears to the total number of shares of Common Stock which all of the Tag Along Sellers and any other holders of Common Stock having similar rights desire to have included in the Sale.
Reduction of Shares Sold. 7 3.1.4. Irrevocable Offer .............................................. 8
Reduction of Shares Sold. The Initiating Transferors shall use all reasonable efforts to obtain the inclusion in the proposed Sale of the entire number of Shares which the Initiating Transferors and each Participating Seller desires to have included in the Sale (as evidenced in the case of the Initiating Transferors by the Tag Along Notice and in the case of each Participating Seller by such Participating Seller's Tag Along Offer). In the event the Initiating Transferors shall be unable to obtain the inclusion in the proposed Sale of such entire number of Shares which each Initiating Transferor and Participating Seller desires to have included in the Sale, the number of Shares to be sold in the proposed Sale by the Initiating Transferors and each Participating Seller shall be reduced on a pro rata basis according to the proportion which the number of Shares which each such Participating Seller and Initiating Transferor desires to have included in the Sale bears to the total number of Shares desired by all such Initiating Transferors and Initiating Transferor to have included in the Sale.
AutoNDA by SimpleDocs
Reduction of Shares Sold. The Tag Initiating Prospective Selling Investors will attempt to obtain the inclusion in the proposed Sale of the entire number of Vested Shares which each of the Tag Along Sellers requested to have included in the Sale (as evidenced in the case of the Tag Initiating Prospective Selling Investors by the Tag Along Notice and in the case of each Participating Seller by such Participating Seller’s Tag Along Offer). If the Tag Initiating Prospective Selling Investors do not obtain the inclusion of such entire number of Vested Shares in the proposed Sale, the number of Vested Shares of each class to be sold in the proposed Sale will be allocated among the Tag Along Sellers in proportion, as nearly as practicable, to the respective number of Vested Shares of such class owned by each Tag Along Seller.
Reduction of Shares Sold. If the Co-Investor gives the Investors’ Representative a timely Tag-Along Notice, then the Investors’ Representative shall use reasonable efforts to cause the Prospective Buyer(s) to agree to acquire all Equity Securities of the Company identified in such Tag-Along Notices, upon the same terms and conditions as are applicable to the Equity Securities of the Company to be Transferred by the Glory Investors in such Tag-Along Transaction. If such Prospective Buyer is unable or unwilling to acquire all Equity Securities of the Company proposed to be included in the Tag-Along Transaction upon such terms, then the Investors’ Representative may elect either to cancel such Tag-Along Transaction or to allocate the maximum number of Equity Securities of the Company that such Prospective Buyer is willing to purchase among the Investors on a pro rata basis, as nearly as practicable, based on relative ownership of Equity Securities of the Company at the relevant time among all of the Investors participating in such Tag-Along Transaction.
Reduction of Shares Sold. The Majority Holder shall attempt to obtain the inclusion in the Sale of the entire number of Shares that each of the Tag Along Sellers requested to have included in the Sale. In the event the Majority Holder shall be unable to obtain the inclusion of such entire number of Shares in the Sale, the number of Shares to be sold in the Sale shall be allocated among the Tag Along Sellers in proportion, as nearly as practicable, to the respective number of Shares held by each Tag Along Seller.
Time is Money Join Law Insider Premium to draft better contracts faster.