Examples of Drag-Along Sellers in a sentence
Each Drag-Along Beneficiary agrees that it shall have an obligation to transfer the legal and beneficial title to its Dragged Depositary Receipts together with all rights attaching to them, free from any Encumbrance, and that it may also be required to give title and capacity warranties, but no other warranties and indemnities, and that it shall sign such other documents as are signed by the Drag-Along Sellers pursuant to the Drag-Along Transaction.
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If, and to the extent that, a Drag-Along Beneficiary fails to comply in time with any obligation arising out of this Article 5, each of the Drag-Along Sellers is irrevocably authorised to comply with all the obligations of Article5 in the name of and on behalf of such Drag-Along Beneficiary.
For the avoidance of doubt, the lapsing of the Drag Notice shall be without prejudice to any Drag-Along Seller's right to subsequently exercise its Drag-Along Right or deliver any subsequent Drag Notice.
Where any non-cash consideration is payable to the Drag-Along Sellers pursuant to the Drag-Along Transaction then: y.