Common use of Drag Clause in Contracts

Drag. offer In case of a Sale, the proposed seller or sellers may, upon agreement of the terms and conditions of a bona fide offer by a third party purchaser for one or more of its or their Ordinary Shares (a Drag Offer) require each (other) holder of Ordinary Shares to transfer all (but not less than all) of such shares (the Drag Shares) on the same terms and conditions as those offered in the Drag.

Appears in 2 contracts

Sources: Business Acquisition Agreement (uniQure B.V.), Business Acquisition Agreement (uniQure B.V.)