Common use of CLOSING OF IPO Clause in Contracts

CLOSING OF IPO. The closing of the sale of the VPI Stock to the Underwriters in the IPO and the acquisitions of at least eight of the Other Founding Companies with aggregate earnings before taxes of at least $8 million for the 12-month period ended December 31, 1997, pursuant to the Other Agreements shall have occurred simultaneously with the Closing Date hereunder.

CLOSING OF IPO. The closing of the sale of the VPI Stock to the Underwriters in the IPO and the acquisitions of at least eight of the Other Founding Companies with aggregate earnings 50 before taxes of at least $8 million for the 12-month period ended December 31, 1997, pursuant to the Other Agreements shall have occurred simultaneously with the Closing Date hereunder.