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Common use of Initial Public Offering Clause in Contracts

Initial Public Offering. If the Company completes an Initial Public Offering, then, from and after the later of a Loral Only Change of Control or the Initial Public Offering, the Sell Down Percentage shall be deemed to be the greater of 64% or as calculated pursuant to Schedule A. In addition, following the completion of an Initial Public Offering, the following provisions of this Agreement shall be inapplicable: the proviso in the last sentence of Section 12(a), Section 12(b), and Sections 15(c), (d) and (e).

Appears in 8 contracts

Samples: Grant Agreement (Loral Space & Communications Inc.), Grant Agreement (Non Qualified Share Options/Tandem Sars), Grant Agreement (Loral Space & Communications Inc.)

Initial Public Offering. If the Company completes an Initial Public Offering, then, from and after the later of a Loral Only Change of Control or the Initial Public Offering, the Sell Down Percentage shall be deemed to be the greater of 64% or as calculated pursuant to Schedule A. B. In addition, following the completion of an Initial Public Offering, the following provisions of this Agreement shall be inapplicable: the proviso in the last sentence of Section 12(a), Section 12(b), and Sections 15(c), (d) and (e).

Appears in 3 contracts

Samples: Grant Agreement (Loral Space & Communications Inc.), Grant Agreement (Loral Space & Communications Inc.), Grant Agreement (Loral Space & Communications Inc.)

Initial Public Offering. If Subject to Section 15(k), if the Company completes an Initial Public Offering, then, from and after the later of a Loral Only Change of Control or the Initial Public Offering, the Sell Down Percentage shall be deemed to be the greater of 64% or as calculated pursuant to Schedule A. In addition, following the completion of an Initial Public Offering, the following provisions of this Agreement shall be inapplicable: the proviso in the last sentence of Section 12(a), Section 12(b), and Sections 15(c), (d) and (e).

Appears in 2 contracts

Samples: Grant Agreement (Loral Space & Communications Inc.), Grant Agreement (Loral Space & Communications Inc.)