Common use of Tag-Along Option Clause in Contracts

Tag-Along Option. 9.6.1 If a Seller is permitted to Dispose unallocated Sale Securities to another party pursuant to clause 9.4 and the unallocated Sale Securities total 50% or more of the total issued Shares, the Seller must give each other Shareholder a notice (Tag Along Notice) of their intention. 9.6.2 A Tag Along Notice gives each other Shareholder the right (Tag Along Option) to require the Seller, subject to clause 5.3, to procure the purchase by the proposed purchaser of all of the Securities held by the other Shareholders and must include details of: (i) the name of the purchaser; (ii) the number of Securities in the proposed Disposal to the third party; (iii) the sale price and any other terms of the proposed Disposal to the purchaser; and (iv) the period during which a Tag Along Option may be exercised, which must be a period of not less than 15 Business Days from the date of service of the Tag Along Notice (Exercise Period).

Tag-Along Option. 9.6.1 (a) If a Seller is permitted to Dispose unallocated Sale Securities to another party pursuant to clause 9.4 22.4 and the unallocated Sale Securities total 50% or more of the total issued Shares, the Seller must give each other Shareholder a notice (Tag Along Notice) of their intention. 9.6.2 (b) A Tag Along Notice gives each other Shareholder the right (Tag Along Option) to require the Seller, subject to clause 5.3, Seller to procure the purchase by the proposed purchaser of all of the Securities held by the other Shareholders and must include details of: (i) the name of the purchaser; (ii) the number of Securities in the proposed Disposal to the third party; (iii) the sale price and any other terms of the proposed Disposal to the purchaser; and (iv) the period during which a Tag Along Option may be exercised, which must be a period of not less than 15 10 Business Days from the date of service of the Tag Along Notice (Exercise Period).

Tag-Along Option. 9.6.1 (a) If a Seller is permitted to Dispose unallocated Sale Securities to another party pursuant to clause 9.4 and the unallocated Sale Securities total 50% or more of the total issued Shares, the Seller must give each other Shareholder a notice (Tag Along Notice) of their intention. 9.6.2 (b) A Tag Along Notice gives each other Shareholder the right (Tag Along Option) to require the Seller, subject to clause 5.3, Seller to procure the purchase by the proposed purchaser of all of the Securities held by the other Shareholders and must include details of: (i) the name of the purchaser; (ii) the number of Securities in the proposed Disposal to the third party; (iii) the sale price and any other terms of the proposed Disposal to the purchaser; and (iv) the period during which a Tag Along Option may be exercised, which must be a period of not less than 15 10 Business Days from the date of service of the Tag Along Notice (Exercise Period).