Examples of Qualifying Transfer in a sentence
Notwithstanding the foregoing, from and after a Qualifying Transfer, holders of shares of Series E Preferred Stock that are thereafter convertible into shares of Common Stock shall have the right to vote on any matter on which the holders of Common Stock are entitled to vote.
The Dragging Parties shall be obligated to ensure that, in the event of the closing of such Qualifying Transfer, the same terms and price will apply to all shareholders.
The Drag-Along Notice shall contain (i) written notice of the exercise of the Dragging Parties' rights pursuant to this Section 4.2, (ii) the consideration per share of Common Stock, to be paid by the third Person and (iii) the other material terms and conditions of the proposed Qualifying Transfer.
At the closing of the Qualifying Transfer, each of the Non-Dragging Parties shall deliver to such third Person the certificate or certificates evidencing all of the shares of capital stock to be sold, pursuant to the terms of the proposed Qualifying Transfer and to take all such actions reasonably requested by such third Person in order to consummate such Qualifying Transfer.
Anything hereto the contrary notwithstanding, the Dragging Parties shall have no obligation to the Non-Dragging Parties to Transfer any shares of capital stock of the Company pursuant to this Section 4.2 as a result of any decision by the Dragging Parties not to accept or consummate any Qualifying Transfer of the shares of Common Stock owned by the Dragging Parties (it being understood that any and all such decisions shall be made by the Dragging Parties in their sole discretion).