Jul 12, 2001 09:54
22 yrs ago
6 viewers *
English term
Professionalism & Responsiveness
Native in: French
Works in: English to French, German to French, Spanish to French
Drag-along duty
English to French
Marketing
Article 6 - Drag-Along Duty
This Article shall not apply for a period of 5 years following the Effective Date.
(1) At the expiration of such 5 year period, in the event that the Investor or the Founder (the “Selling Party”) decides to sell or transfer all his Shares in the Company (a “Drag-Along Duty Event”), then the Selling Party is entitled to demand that the Founders (if the Selling Party is the Investor) or the Investor (if the Selling Party is a Founder) shall sell all their Shares in the Company to the Transferee unless the Founders or the Investor according to the case within six (6) weeks after having received the Drag-Along Notice decide to purchase all of the Shares of the Selling party in the Company on equal conditions to those of the contemplated Transferee.
This Article shall not apply for a period of 5 years following the Effective Date.
(1) At the expiration of such 5 year period, in the event that the Investor or the Founder (the “Selling Party”) decides to sell or transfer all his Shares in the Company (a “Drag-Along Duty Event”), then the Selling Party is entitled to demand that the Founders (if the Selling Party is the Investor) or the Investor (if the Selling Party is a Founder) shall sell all their Shares in the Company to the Transferee unless the Founders or the Investor according to the case within six (6) weeks after having received the Drag-Along Notice decide to purchase all of the Shares of the Selling party in the Company on equal conditions to those of the contemplated Transferee.
Proposed translations
(French)
| 0 | droit de "drag-along" |
Nikki Scott-Despaigne
|
| 0 | Drag-along duty |
Suzanne Aubin
|
| 0 | drag alonge |
1964
|
| 0 | Obligation de suite |
Sylvie André
|
Proposed translations
8 hrs
Nikki Scott-Despaigne
Native in English
Psychologist, Court-certified legal
Native in: English 
Works in: French to English
Related KudoZ points
:
882
Selected
droit de "drag-along"
Une autorité où on peut voir "drag-along" dans un doc français, mais entre guillemets. Ce qui me frappe c'est que votre original parle d'un "drag-along DUTY event", un "duty" étant un "devoir" alors cela semblerait être plus un droit. Peut-être dans le contexte, l'idée d'un devoir proviendrait du fait d'un accord pré-existant...
Drag-along
www.ventureeconomics.com/events/buyouts_symposium/pdf/obrie...
Important Provisions in the Documents
* The "Drag-Along" - In the event that the board of
directors and the holders of a majority of the outstanding
stock approve a sale of the Company, then the other
stockholders must cooperate and not oppose the sale, so
long as they are treated fairly.
* avoids delays and simplifies the sale process
* avoids leaving the largest stockholders with 100%
of the indemnification obligations
* common in buy-outs, being used more frequently in
venture deals (unless you're a true minority
shareholder without a board seat)
www.victor-buck.lu/memorial/memorial/C/2001/c0227283.pdf
Art. 11. Drag-along rights. 11.1. If a transfer under article 8 results in members of the purchasing group increasing their shareholding to 80 per cent. or more of the shares in issue taken together, the members of the purchasing group may, with the consent of the B shareholder(s) by serving a compulsory purchase notice (the «compulsory purchase notice») on each other shareholder (the «minority shareholder»), require all the minority shareholders to sell all their shares to one or more persons identified by the member of the purchasing group at the consideration specified in or
calculated in accordance with article 10.4. provided that such consideration shall not be less than market value as determined under article 12.
Art. 11. Le droit de «drag-along». 11.1. Lorsqu'une cession en vertu de l'article 8 aurait pour résultat que les membres du groupe des acquéreurs augmentent leur participation à 80% ou plus du nombre total des actions émises, les membres du groupe des acquéreurs pourront, en accord avec les actionnaires B, forcer tous les autres actionnaires existants (les «actionnaires minoritaires») de céder toutes leurs actions à une ou plusieurs personnes déterminées par le membre du groupe des acquéreurs pour le prix indiqué ou calculé en vertu de l'article 10.4., moyennant une notification d'un avis d'acquisition obligatoire (l'«avis d'acquisition obligatoire»), sous condition que ce prix ne soit inférieur à la valeur du marché telle que déterminée
Drag-along
www.ventureeconomics.com/events/buyouts_symposium/pdf/obrie...
Important Provisions in the Documents
* The "Drag-Along" - In the event that the board of
directors and the holders of a majority of the outstanding
stock approve a sale of the Company, then the other
stockholders must cooperate and not oppose the sale, so
long as they are treated fairly.
* avoids delays and simplifies the sale process
* avoids leaving the largest stockholders with 100%
of the indemnification obligations
* common in buy-outs, being used more frequently in
venture deals (unless you're a true minority
shareholder without a board seat)
www.victor-buck.lu/memorial/memorial/C/2001/c0227283.pdf
Art. 11. Drag-along rights. 11.1. If a transfer under article 8 results in members of the purchasing group increasing their shareholding to 80 per cent. or more of the shares in issue taken together, the members of the purchasing group may, with the consent of the B shareholder(s) by serving a compulsory purchase notice (the «compulsory purchase notice») on each other shareholder (the «minority shareholder»), require all the minority shareholders to sell all their shares to one or more persons identified by the member of the purchasing group at the consideration specified in or
calculated in accordance with article 10.4. provided that such consideration shall not be less than market value as determined under article 12.
Art. 11. Le droit de «drag-along». 11.1. Lorsqu'une cession en vertu de l'article 8 aurait pour résultat que les membres du groupe des acquéreurs augmentent leur participation à 80% ou plus du nombre total des actions émises, les membres du groupe des acquéreurs pourront, en accord avec les actionnaires B, forcer tous les autres actionnaires existants (les «actionnaires minoritaires») de céder toutes leurs actions à une ou plusieurs personnes déterminées par le membre du groupe des acquéreurs pour le prix indiqué ou calculé en vertu de l'article 10.4., moyennant une notification d'un avis d'acquisition obligatoire (l'«avis d'acquisition obligatoire»), sous condition que ce prix ne soit inférieur à la valeur du marché telle que déterminée
4 KudoZ points awarded for this answer.
Comment: "mille mercis"
1 hr
Suzanne Aubin
Canada
Canada
Native in French
Canada
Vive le travail d'équipe! Go teamwork!
Native in: French (Variant: Canadian)
Works in: English to French
Related KudoZ points
:
56
1 hr
drag alonge
I will only provied a link to descrise the right to help you I am not sure of exact wording but perhaps link helps you ( seems may be used as a word by word transation since it is descriptive)
"Exit Strategies: Essentially there are two fundamental exit strategies for a young company: a sale of the company or an initial public offering ("IPO"). VC's need to be assured that both are possible since depending on the state of the public markets an IPO may not be possible at any given time. In order to allow for the ability to sell the company, VC's use what are known as "drag-along" rights which enable an agreed upon percentage of shareholders to "drag-along" a reluctant shareholder in the sale of the company. This becomes an important right since most sales of companies involve an acquisition of 100% of the equity. The key point to remember on both sides of these issues is to retain the company's ability to raise additional financing"
"Exit Strategies: Essentially there are two fundamental exit strategies for a young company: a sale of the company or an initial public offering ("IPO"). VC's need to be assured that both are possible since depending on the state of the public markets an IPO may not be possible at any given time. In order to allow for the ability to sell the company, VC's use what are known as "drag-along" rights which enable an agreed upon percentage of shareholders to "drag-along" a reluctant shareholder in the sale of the company. This becomes an important right since most sales of companies involve an acquisition of 100% of the equity. The key point to remember on both sides of these issues is to retain the company's ability to raise additional financing"
17 hrs
Obligation de suite
Propre experience dans le domaine des stock option plans.
Something went wrong...