Drag-Along Sale definition

Drag-Along Sale has the meaning set forth in Section 3.03(a).
Drag-Along Sale means any proposed transfer (other than a pledge, hypothecation, mortgage or encumbrance) pursuant to a bona fide offer from a Drag-Along Purchaser, in one or a series of related transactions, by any OZ Limited Partner or a group of OZ Limited Partners of Company Securities representing in the aggregate at least 50% of all then-outstanding Company Securities (calculated as if all Related Securities had been converted into, exercised or exchanged for, or repaid with, Class A Shares).
Drag-Along Sale has the meaning set forth in Section 9.7(a)(i).

Examples of Drag-Along Sale in a sentence

  • Notwithstanding the foregoing or anything to the contrary contained herein, in no event shall an Asset Sale or a Drag-Along Sale be initiated earlier than the date that is eighteen (18) months after the date hereof with respect to the Canopy Property or the Expresso Property.

  • For the avoidance of doubt, prior to any Drag-Along Sale, the Majority Member must comply with the provisions of Section 4.9 hereof (unless it is not required to do so pursuant to the provisions of Section 4.9 hereof).


More Definitions of Drag-Along Sale

Drag-Along Sale has the meaning set forth in the Partnership Agreement.
Drag-Along Sale shall have the meaning set forth in Section 4.2.
Drag-Along Sale has the meaning set forth in Section 10.4(a). “Effective Date” has the meaning set forth in the Preamble.
Drag-Along Sale means any transaction or series of related transactions pursuant to which an Independent Purchaser will acquire, whether by merger, liquidation, consolidation, reorganization, combination, recapitalization, or a sale, exchange, or other transfer, (A) all or substantially all of the assets of the Company determined on a consolidated basis, or (B) a majority of the Class A Common Stock (or any securities issued in respect of, or in exchange or substitution for, any of those shares in connection with any stock split, dividend, or combination, or any reclassification, recapitalization, merger, consolidation, exchange, or similar reorganization).
Drag-Along Sale means any sale, merger, consolidation or other business combination consisting of a Transfer by the Preferred Members of all of the Interests or other issued and outstanding Equity Interests then held by the Preferred Members.
Drag-Along Sale has the meaning set forth in Section 9.1.1.
Drag-Along Sale has the meaning set forth in Section 7.1(a).