Dragged Shareholders definition

Dragged Shareholders has the meaning set forth in Section 5.4.

Dragged Shareholders has the meaning given to that term in clause 26.1.

Dragged Shareholders has the meaning set forth in Section 7.1(b).

Examples of Dragged Shareholders in a sentence

• If the Drag Shareholder has complied with the pre-emptive rights in clause 18 before issuing a Drag Along Notice, the pre-emptive rights under clause 18 shall not then reapply to any transfer of Shares by the Drag Shareholder or the Dragged Shareholders to the Third Party Buyer under this clause 16.1.

• The terms and conditions applying to the sale of the Dragged Shares must be no less favourable to the Dragged Shareholders than the terms and conditions applicable to the sale of the Offered Shares, including in respect of price per Share, the extent of any warranties and indemnities and the liability limitations to apply.

• If no legally binding agreement is reached between the Drag Buyer and the Dragged Shareholders within such period, then on that day which is 30 days after the date the Drag Notice is given, the Dragged Shareholders must sell all of their Shares to the Drag Buyer free from all encumbrances.

• In such event, the Drag Sellers may require the Company to give notice of the terms of the proposed sale (Drag Notice) to the remaining Shareholders who have not agreed to sell the whole of their Shares to such Drag Buyer (Dragged Shareholders).

• The Drag Notice will require each of the Dragged Shareholders to accept such offer in the Drag Notice within 21 days after the date that the Drag Notice is given.

More Definitions of Dragged Shareholders

Dragged Shareholders has the meaning given in clause 14.4.3.

Dragged Shareholders means (in the case of a Series C-2 Approved Sale) all Shareholders other than the Series C-2 Drag-Along Shareholders, (in the case of a Series C-1 Approved Sale) all Shareholders other than the Series C-1 Drag-Along Shareholder, (in the case of a Series C Approved Sale) all Shareholders other than the Series C Drag-Along Shareholder or (in the case of a Series B Approved Sale) all Shareholders other than the Series B Drag-Along Shareholder.

Dragged Shareholders shall have the meaning set forth in Article 123(ii) hereof.

Dragged Shareholders shall have the meaning ascribed to the term under Clause 6.3(a);

Dragged Shareholders. Shareholders other than the Majority Selling Shareholders;

Dragged Shareholders is defined in Section 6.2(b).

Dragged Shareholders means (in the case of a Series C-2 Approved Sale) all Shareholders other than the Series C-2 Drag-Along Shareholders, (in the case of a Series C-1 Approved Sale) all Shareholders other than the Series C-1 Drag-Along Shareholder, (in the case of a Series C Approved Sale) all Shareholders other than the Series C Drag-Along Shareholder or (in the case of a Series B Approved Sale) all Shareholders other than the Series B Drag-Along Shareholders.