Common use of Tag Along and Drag Along Clause in Contracts

Tag Along and Drag Along. (a) Any holder of Shares may Transfer any or all of such Shares pursuant to Section 5.2, without regard to any other restrictions on transfer contained elsewhere in this Agreement (other than the provisions of Section 6, if applicable). Shares so Transferred shall conclusively be deemed thereafter not to be Shares under this Agreement. (b) A Participating Seller may Transfer Shares pursuant to and in accordance with the provisions of Section 5.1 without regard to any other restrictions on transfer contained elsewhere in this Agreement (other than the provisions of Section 6, if applicable) so long as each transferee agrees to be bound by the terms of this Agreement in accordance with Section 4.2 (if not already bound hereby).

Appears in 1 contract

Sources: Stockholders Agreement (SolarWinds, Inc.)

Tag Along and Drag Along. (a) Any holder of Shares may Transfer any or all of such Shares pursuant to Section 5.24.2, without regard to any other restrictions on transfer contained elsewhere in this Agreement (other than the provisions of Section 65, if applicable). Shares so Transferred shall conclusively be deemed thereafter not to be Shares under this Agreement. (b) A Participating Seller may Transfer Shares pursuant to and in accordance with the provisions of Section 5.1 4.1 without regard to any other restrictions on transfer contained elsewhere in this Agreement (other than the provisions of Section 65, if applicable) so long as each transferee agrees to be bound by the terms of this Agreement in accordance with Section 4.2 3.2 (if not already bound hereby).

Appears in 1 contract

Sources: Stockholders Agreement (UGS PLM Solutions Asia/Pacific INC)