Failed Venture definition

Failed Venture means the occurrence of the following events: (i) PCTEL’s election not to exercise, or failure to exercise, the Second Call within the Second Call Period, and (ii) the Enterprise Value of the Company as of the end of the Second Call Period being less than or equal to $2,666,667.
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Failed Venture means the occurrence of the following events: (a) PCTEL’s election not to exercise, or failure to exercise, the Second Call within the Second Call Period, and (b) the Enterprise Value of the Company as of the end of the Second Call Period being less than or equal to $4,900,000.
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Examples of Failed Venture in a sentence

  • If the Enterprise Value as of the end of the Second Call Period is less than or equal to $4,900,000, PCTEL may make a Failed Venture Election pursuant to Section 10.1(D).

  • Unless the liquidation follows a Failed Venture Election, the liquidator(s) shall cause only cash, evidences of indebtedness and other securities to be distributed in any liquidation.

Related to Failed Venture

  • Real Estate Business means homebuilding, housing construction, real estate development or construction and related real estate activities, including the provision of mortgage financing or title insurance.

  • Retail Property means each Property listed on Part I of Schedule 6.1.(f) hereto as a Retail Property and any other Property, a substantial use of which is the retail sale of goods and services, which may include a Property that is part of a Mixed-Use Project.

  • Owned Real Estate means all land, together with all buildings, structures, fixtures, and improvements located thereon and all easements, rights of way, and appurtenances relating thereto, owned by the Company or any of its Subsidiaries.

  • Hotel Property means a Property on which there is located an operating hotel.

  • food business operator means the natural or legal persons responsible for ensuring that the requirements of food law are met within the food business under their control;