TOTAL FORMATION TRANSACTION VALUE Sample Clauses

The "Total Formation Transaction Value" clause defines the total monetary value attributed to a transaction involving the formation of a new entity or business arrangement. This value typically includes all cash, securities, assets, and other forms of consideration exchanged or committed as part of the transaction. By clearly specifying what constitutes the total value, the clause ensures transparency and consistency in calculating fees, payments, or obligations that are based on the overall transaction size, thereby preventing disputes and misunderstandings regarding the scope of the transaction's worth.
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TOTAL FORMATION TRANSACTION VALUE. The Total Formation Transaction Value shall not be less than $1.0 billion and the amount of cash included in the Total Formation Transaction Value shall not be less than 90% of the difference between (i) the aggregate net proceeds from the IPO (excluding the over-allotment option, if any) and (ii) 100% of the payments for the preferred equity held by The Prudential Insurance Company of North America, Inc. in the DERA Funds. This condition may not be waived by any party. Section 7.03