Common use of CLOSING OF IPO Clause in Contracts

CLOSING OF IPO. The sale by Founder of shares of Founder Stock in the IPO (a) shall have closed prior to or substantially contemporaneously with the consummation of the transaction contemplated herein and (b) shall have generated sufficient net proceeds to pay the cash consideration to the stockholders of Combining Partner Companies as described in the Registration Statement.

Appears in 5 contracts

Samples: Combination Agreement (Taylor & Martin Group Inc), Combination Agreement (Taylor & Martin Group Inc), Combination Agreement (Taylor & Martin Group Inc)

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CLOSING OF IPO. The sale by Founder of shares of Founder Stock in the IPO (a) shall have closed prior to or substantially contemporaneously with the consummation of the transaction transactions contemplated herein and (b) shall have generated sufficient net proceeds to pay the cash consideration to the stockholders of Combining Partner Companies as described in the Registration Statement.

Appears in 4 contracts

Samples: Combination Agreement (Taylor & Martin Group Inc), Combination Agreement (Taylor & Martin Group Inc), Combination Agreement (Taylor & Martin Group Inc)

CLOSING OF IPO. The sale by Founder Purchaser of shares of Founder Purchaser Stock in the IPO (a) shall have closed prior to or substantially contemporaneously with the consummation of the transaction transactions contemplated herein and (b) shall have generated sufficient net proceeds to pay the cash consideration to the stockholders of Combining Partner Companies as described in the Registration Statementherein.

Appears in 3 contracts

Samples: Agreement and Plan of Exchange (Advanced Communications Group Inc/De/), Stock Purchase Agreement (Advanced Communications Group Inc/De/), Stock Purchase Agreement (Advanced Communications Group Inc/De/)

CLOSING OF IPO. The sale by Founder the Purchaser of shares of Founder Purchaser Stock in the IPO (a) shall have closed prior to or substantially contemporaneously with the consummation of the transaction transactions contemplated herein and (b) shall have generated sufficient net proceeds to pay the cash consideration to the stockholders of Combining Partner Companies as described in the Registration Statementherein.

Appears in 3 contracts

Samples: Asset Purchase Agreement (Advanced Communications Group Inc/De/), Asset Purchase Agreement (Advanced Communications Group Inc/De/), Asset Purchase Agreement (Advanced Communications Group Inc/De/)

CLOSING OF IPO. The sale by Founder Purchaser of shares of Founder Purchaser Stock in the IPO (a) shall have closed prior to or substantially contemporaneously with the consummation of the transaction transactions contemplated herein and (b) shall have generated sufficient net proceeds to pay the cash consideration to the stockholders of Combining Partner Companies as described in the Registration Statementby this Agreement.

Appears in 3 contracts

Samples: Stock Purchase and Exchange Agreement (Advanced Communications Group Inc/De/), Stock Purchase Agreement (Advanced Communications Group Inc/De/), Stock Purchase Agreement (Advanced Communications Group Inc/De/)

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CLOSING OF IPO. The sale by Founder of shares of Founder Stock in the IPO (a) shall have closed prior to or substantially contemporaneously with the consummation of the transaction transactions contemplated herein and (b) shall have generated sufficient net proceeds to pay the cash consideration to the stockholders of Combining Partner Companies as described in the Registration StatementStatement and to Partner Company Stockholder as described in Section 2.1 of this Agreement.

Appears in 1 contract

Samples: Combination Agreement (Taylor & Martin Group Inc)

CLOSING OF IPO. The sale by Founder Purchaser of shares of Founder Purchaser Stock in the IPO (a) shall have closed prior to or substantially contemporaneously with the consummation of the transaction transactions contemplated herein herein, and (b) Purchaser shall have generated raised sufficient net proceeds to pay the cash consideration to the stockholders of Combining Partner Companies as described funds in the Registration StatementIPO to permit it to consummate, and Purchaser shall have consummated, the acquisitions described on Schedule 8.9, unless Seller and Stockholder shall otherwise agree.

Appears in 1 contract

Samples: Stock Purchase and Exchange Agreement (Advanced Communications Group Inc/De/)

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