Trigger. If shareholders holding at least 66.67% of the voting rights of the JV Company (the “Dragging Shareholders”) approve a bona fide transaction that constitutes a Change of Control (defined below) (a “Drag-Along Notice”), the Dragging Shareholders may require all other shareholders (the “Dragged Shareholders”) to sell all of their shares in the JV Company to the proposed acquirer on the same terms and conditions.
Appears in 3 contracts
Sources: Joint Venture Agreement (ROBO.AI Inc.), Joint Venture Agreement (ROBO.AI Inc.), Joint Venture Agreement (ROBO.AI Inc.)