Transaction Proceeds. Notwithstanding anything to the contrary set forth in Sections 2.3, 2.4 or 2.5 hereof, if at the time of a Transaction in which the Employee is participating, the Company is entitled to purchase the Employee's shares of Common Stock pursuant to this Article 3, and if the purchase price per share for a purchase pursuant to this Article 3 would be less than the proceeds per share to the Employee from such Transaction, then the Employee shall be entitled to receive only the aggregate purchase price payable under this Article 3, with the balance of the proceeds of sale in the Transaction being remitted to the other stockholders of the Company participating in such Transaction pro rata in accordance with their respective participation in such Transaction.
Transaction Proceeds. The aggregate amount to be issued and paid by the Partnership to Operations shall be the Transaction Proceeds. At the Closing, the Partnership shall deliver the Transaction Proceeds as follows:
Transaction Proceeds. The Aggregate Transaction Proceeds shall be equal to or greater than $50,000,000; provided that, upon receiving proceeds from the Capital Raise equal to or in excess of such amount, this condition shall no longer apply.
Transaction Proceeds. 1.3(a) Transactions ............................................................................................................................... 6.14
Transaction Proceeds. The aggregate amount of consideration to be paid by the third party is referred to herein as the “Proceeds”.
Transaction Proceeds. The Aggregate Transaction Proceeds, plus the Sponsor PIK Note Amount, if any, shall be equal to or greater than $1,000,000, and evidence thereof shall have been delivered to the Companies; and
Transaction Proceeds. Notwithstanding anything to the contrary set forth in Section 2.2, 2.3 or 2.4 hereof, if at the time of a Transaction in which the Director is participating, the Company is entitled to purchase the Director's shares of Common Stock pursuant to this Article 4, and if the purchase price per share for a purchase pursuant to this Article 4 would be less than the proceeds per share to the Director from such Transaction, then the Director shall be entitled to receive only the aggregate purchase price payable under this Article 4, with the balance of the proceeds of sale in the Transaction being remitted to the other stockholders of the Company participating in such Transaction pro rata in accordance with their respective participation in such Transaction.
Transaction Proceeds. The Aggregate Transaction Proceeds shall be equal to or greater than $50,000,000.00, and evidence thereof shall have been delivered to the Company to its reasonable satisfaction; and
Transaction Proceeds. “Transaction Proceeds” means the aggregate consideration actually actually paid to the Company’s stockholders in connection with a Change in Control with respect to their equity interest in the Company. Any consideration retained in escrow or as a hold back and any earn out consideration shall not be included in the “Transaction Proceeds” until such consideration retained in escrow or as a hold back any such earn out consideration is actually paid. If all or a portion of the consideration paid in a Change in Control transaction is other than cash, then the value of such non-cash consideration shall be the fair market value thereof on the date the Change in Control transaction is consummated as determined in good faith by the Board. If the Change in Control transaction involves a sale of all or substantially all of the assets of the Company followed by a liquidation and dissolution of the Company, then the Transaction Proceeds shall mean the aggregate amount distributed to the Company’s stockholders in connection with such liquidation and dissolution.
Transaction Proceeds. Notwithstanding anything to the contrary set forth in Section 3.2, 3.3, 3.4, 3.5, 3.6 or 3.7 hereof, if at the time of a Transaction in which the Stockholder is participating, Parent is entitled to purchase the Stockholder's shares of Common Stock pursuant to this Article 4, and if the purchase price per share for a purchase pursuant to this Article 4 would be less than the proceeds per share to the Stockholder from such Transaction, then the Stockholder shall be entitled to receive only the aggregate purchase price payable under this Article 4, with the balance of the proceeds of sale in the Transaction being remitted to the other stockholders of the Company or Parent, as the case may be, participating in such Transaction pro rata in accordance with their respective participation in such Transaction.
