Post-IPO Ownership Sample Clauses

Post-IPO Ownership. (a) Each of Duke and Philxxxx xxxsently intends that, if the IPO occurs, approximately 20% of the Corporation Common Stock (including shares to be issued to officers and employees of the Corporation or the Company concurrently with the IPO) shall be sold by the Corporation pursuant to the IPO; provided, however, that this percentage may vary depending on market conditions and other factors. (b) Each of Duke and Philxxxx xxxees to take, or cause to be taken, such action (including the Merger and any adjustments by the Corporation to the number of shares of Corporation Common Stock owned by Duke and Philxxxx) xx is necessary and desirable to provide that upon the end of the seventh day of trading on the NYSE (excluding the pricing day and without regard to the exercise of any underwriters' over-allotment), each of Duke and Philxxxx xxxll own, directly or indirectly, a percentage of the outstanding Corporation Common Stock determined as follows:
Sample 1
AutoNDA by SimpleDocs
Post-IPO Ownership. (a) Each of Duke and Phillips presently intends that, if the IPO occurs, approximately 20% xx xxx Corporation Common Stock shall be sold to the public by the Corporation pursuant to the IPO; PROVIDED, HOWEVER, that this percentage may vary depending on market conditions and other factors. (b) Each of Duke and Phillips agrees to take, or cause to be taken, such action (including xxx Xxxger and any adjustments by the Corporation to the number of shares of Corporation Common Stock owned by Duke and Phillips) as is necessary and desirable to provide that upon the end xx xxx xifth day of trading on the NYSE (excluding the pricing day and without regard to the exercise of any underwriters' over-allotment), each of Duke and Phillips shall own, directly or indirectly, excluding any Corporation Xxxxxx Stock purchased directly or indirectly by either Party in the IPO, a percentage of the outstanding Corporation Common Stock determined as follows: (1) For purposes of this Agreement, the following definitions shall apply:
Sample 1

Related to Post-IPO Ownership

  • Company Ownership Company will own its respective right, title, and interest, including Intellectual Property Rights, in and to the Company Data. Company hereby grants BNYM a limited, nonexclusive, nontransferable license to access and use the Company Data, and consents to BNYM’s permitting access to, transferring and transmitting Company Data, all as appropriate to Company’s use of the Licensed Rights or as contemplated by the Documentation.

  • Data Ownership BA acknowledges that BA has no ownership rights with respect to the Protected Information.

  • Equity Ownership All issued and outstanding Capital Securities of the Borrower and each of its Subsidiaries are duly authorized and validly issued, fully paid, non-assessable, and free and clear of all Liens other than those in favor of the Bank, if any. As of the date hereof, there are no pre-emptive or other outstanding rights, options, warrants, conversion rights or other similar agreements or understandings for the purchase or acquisition of any Capital Securities of the Borrower and each of its Subsidiaries.

  • Property Ownership The Fund owns or leases all such properties as are necessary to the conduct of its operations as presently conducted.

  • Share Ownership No officer or director or any direct or indirect beneficial owner (including the Insiders) of any class of the Company’s unregistered securities is an owner of shares or other securities of any member of FINRA participating in the Offering (other than securities purchased on the open market).

  • Management, Ownership The Company shall not materially change its ownership, executive staff or management without the prior written consent of the Secured Party. The ownership, executive staff and management of the Company are material factors in the Secured Party's willingness to institute and maintain a lending relationship with the Company.

  • Foreign Ownership Seller is not a “foreign person” as that term is defined in the U.S. Internal Revenue Code of 1986, as amended, and the regulations promulgated pursuant thereto, and Buyer has no obligation under Section 1445 of the U.S. Internal Revenue Code of 1986, as amended, to withhold and pay over to the U.S. Internal Revenue Service any part of the “amount realized” by Seller in the transaction contemplated hereby (as such term is defined in the regulations issued under said Section 1445).

  • Work Product Ownership All products of the Contractor’s work, including outlines, reports, charts, sketches, drawings, art work, plans, photographs, specifications, estimates, computer programs, or similar documents become the sole property of the State of Vermont and may not be copyrighted or resold by Contractor.

  • Joint Ownership 10 Annuitant............................................................... 10

  • Ownership Event In the reasonable judgment of Party A, on any day, the Share Amount for such day exceeds the Applicable Share Limit for such day (if any applies).

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!