Common use of Bring Along Clause in Contracts

Bring Along. Until completion of a Registration, in the event that parties hereto that hold at least 75% of the outstanding share capital of the Corporation, accept an offer to sell all of their holdings in the Corporation to a third party purchaser (the "Purchaser") and such sale is conditioned upon the sale to the Purchaser of all remaining outstanding stock in the Corporation, then all the parties hereto shall be required to sell their stock in such transaction (and if requested by the Purchaser, also all of their other securities in the Corporation), on the same terms and conditions.

Appears in 2 contracts

Sources: Shareholder Agreement (New Air, Inc.), Shareholder Agreement (New Air, Inc.)