The conditions precedent include the other shareholders of TAP not exercising their pre-emption rights and tag-along rights
, and the approval of the board of directors of TAP.
The Company is listed in the BM&FBovespa Novo Mercado since 2006, with 100% tag-along rights
and 100% payout ratio since 2009 and investors in 33 countries.
Profits interests are extremely flexible and may include terms that are typically found in traditional equity grants, including vesting requirements, acceleration and forfeiture provisions, voting restrictions (if desired), drag-along and tag-along rights
, and other transfer restrictions.
Bank of America will no longer have the right to appoint a person to Itau Unibanco s board or have tag-along rights
during an eventual sale of control of the Brazilian bank after the stake sales are finalized, Itau Unibanco added.
In the New Market, non-controlling shareholders will have tag-along rights
and there will also be a permanent fiscal board controlled by minority shareholders to increase transparency.
These organizational documents contain customary provisions, including provisions relating to certain approval rights, preemptive rights, restrictions on transfer, rights of first refusal, tag-along rights
, drag-along rights and other customary provisions.
All minority stockholders will have tag-along rights
in the event a company is sold.
The most common forms of liquidity are registration rights, tag-along rights
on future sales of equity by the company, and put and call arrangements.
Motient's ownership of TerreStar could increase to as much as 100%, assuming other TerreStar stock and option holders exercise their tag-along rights
The transaction is expected to close in mid-October 2014 and is subject to regulatory approval, tag-along rights
and approval of the other member of CGS, as well as customary closing conditions and purchase price adjustments.
If the minority investors in MSV Investors and holders of TerreStar stock and options (other than SkyTerra and TMI Communications Company) exercise their tag-along rights
, Motient will acquire, in the aggregate, approximately 20.
OdontoPrev offers minority shareholders 100% tag-along rights
, and has paid a 100% of net income to investors since 2009, without any leverage.