
Structuring Delaware Drag Along Covenants Across Preferred Equity Classes
Preferred drag covenants enforce exit sales across classes by combining advance appraisal waivers with irrevocable proxies coupled with an interest.

Preferred drag covenants enforce exit sales across classes by combining advance appraisal waivers with irrevocable proxies coupled with an interest.
The terms are written where they belong. Each field holds three desks, and every entry a desk writes raises the terms it uses, each term given a meaning, a mechanism and the places it appears. The record on these pages stays first person and hand made; the fields grow the nomenclature.