The acreage swap will allow Jericho to increase its acreage position in areas in or near current horizontal well development; participate in the drilling of multiple horizontal wells targeting the Meramec and Osage formations within the companys acreage footprint; continue to aggregate critical drilling, completion and lateral placement data from a STACK operator; secure tag-along rights
for a portion of its Blaine County STACK JV acreage; and increase production and potentially reserves.
Under the mandatory tender offer for all the shares of BBVA Chile required under Chilean law or the Said family's tag-along rights
under the shareholders agreement of BBVA Chile, the Said family has the right to sell its shares of BBVA Chile on the same basis to Scotiabank.
are when that, if the club is sold in the future, the value of the Trust's remaining shares has to be valued the same as the shares of all other shareholders.
provide that when an owner has negotiated a sale
The article also states that when a shareholder or a group of shareholders have reached an agreement to sell shares in the company equal to or exceeding (50 percent of) the total paid up capital, this agreement shall not be enforceable unless other shareholders are given the chance to exercise their tag-along rights
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 desire for more control is reflected in the issue about tag-along rights
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.
protect minority shareholders in venture capital deals.
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.