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Tag-Along right

French translation: clause d'égalité de traitement

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GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW)
English term or phrase:Tag-Along right
French translation:clause d'égalité de traitement
Entered by: jgal
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09:12 Jul 12, 2001
English to French translations [PRO]
Law/Patents
English term or phrase: Tag-Along right
Article 5 - Tag-Along Right

(1) In the event of any sale or other Transfer of Shares in the Company by any Party (the "Selling Party"), whereby the Transferee acquires a Controlling Interest (as defined in Article 4.B.e) above, Change of Control) (a “Tag-Along Event"), then the Selling Party shall procure that each of the other Parties shall have the right to sell to the Selling Party or to the Transferee all - but not some only - of their respective Shares in the Company.
Karine Le Goaziou
Local time: 09:53
clause d'égalité de traitement
Explanation:
coattail provision

Syn.
tagalong provision
clause d'égalité de traitement n. f.


Déf. :
Disposition d'une convention entre actionnaires qui garantit aux majoritaires et aux minoritaires les mêmes conditions en cas de vente de l'entreprise.


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jgal
Local time: 09:53
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4 KudoZ points were awarded for this answer

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Summary of answers provided
nadroit d'attirance
Nikki Scott-Despaigne
naclause d'égalité de traitement
jgal


  

Answers


20 mins
clause d'égalité de traitement


Explanation:
coattail provision

Syn.
tagalong provision
clause d'égalité de traitement n. f.


Déf. :
Disposition d'une convention entre actionnaires qui garantit aux majoritaires et aux minoritaires les mêmes conditions en cas de vente de l'entreprise.





    Reference: http://www.granddictionnaire.com
jgal
Local time: 09:53
Native speaker of: Native in EnglishEnglish, Native in FrenchFrench
PRO pts in pair: 932
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9 hrs
droit d'attirance


Explanation:
"tag along" en anglais ordinaire, signifie de suivre, sans trop que les "meneurs" cherchent à ce que vous les accompaniez, mais que vous les suivez quand même.


Cette idée me paraît tout à fait bien représentée dans ce document luxembourgeois qui parle d'un "droit d'attirance". La partie concernée est attirée, aspirée, suit les meneurs du jeu.

Ce serait donc le contraire de "drag-along" - logique :

www.cob.ohio-state.edu/~reuer_1/980session17f.pdf

Tag-along rights. The flip side of drag-along rights. In circumstances in which one partner has arranged (as allowed by the agreement) the sale of its shares to an outsider, the remaining partner (usually the minority shareholder) can prevent the sale unles,\ its shares are also bought by the outsider at the same price and on the same terms.

If an IPO of the JV is a possibility or could be an exit strategy. the partners may wish to agree in advance on the circumstances (such as a certain profit level or need for financing)in which they will accept an IPO.


www.victor-buck.lu/memorial/memorial/C/2001/c0224273.pdf

7.5. Prorated tag along right

7.5.4. The aggregate price of all class A shares and all class B shares transferred to the third party and/or, as the case may be, to the class A shareholder pursuant to the Prorated Put Option (the «Prorated Tag Along Proceeds» and the «Prorated Tag Along Shares») shall be distributed amongst the transferring shareholders in accordance with the following provisions. […]

7.5. Droit d'attirance proportionnel («Prorated tag along right»)

7.5.4. Le prix total de toutes les actions de classe A et de toutes les actions de classe B transférées à la tierce partie et/ou, le cas échéant, à l'actionnaire de classe A en vertu de l'Option de Vente Proportionnelle (le «Produit d'Attirance Proportionnel» et les «Actions Attirées Proportionnellement») sera distribué entre les actionnaires cédant suivant les dispositions suivantes.





Nikki Scott-Despaigne
Local time: 09:53
Native speaker of: Native in EnglishEnglish
PRO pts in pair: 882
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