Example ContractsClausesno prior short sellingVariants
No Prior Short Selling
No Prior Short Selling contract clause examples

Sale Notice. Any Selling Shareholder shall exercise the rights of the Selling Shareholders pursuant to this [Section 13] by delivering a written notice (the "Drag-Along Notice") to the Company and each Drag-Along Shareholder no more than 10 days after the execution and delivery by all of the parties thereto of the definitive agreement entered into with respect to the Sale and, in any event, no later than 20 days prior to the closing date of such Sale. The Drag-Along Notice shall make reference to the Selling Shareholder's rights and obligations hereunder and shall describe in reasonable detail:

Consummation of the Sale. The Selling Shareholder shall have ​ days following the date of the Drag-Along Notice in which to consummate the Drag-Along Sale, on the terms set forth in the Drag-Along Notice (which such ​ day period may be extended for a reasonable time not to exceed ​ days to the extent reasonably necessary to obtain any regulatory approvals). If at the end of such period the Selling Shareholder has not completed the Drag-Along Sale, the Selling Shareholder may not then effect a transaction subject to this [Section 13] without again fully complying with the provisions of this [Section 13].

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