IPO Condition definition

IPO Condition means the consummation of an IPO resulting in the receipt of at least Thirty-Seven Million Dollars ($37,000,000.00) in net cash proceeds to Borrower on or before September 30, 2014.
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IPO Condition means that the Option will not be exercisable before an IPO (unless a Change in Control has occurred and the Option has otherwise become exercisable per the schedule above or the Change in Control acceleration terms below).
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IPO Condition. As set forth in Section 8.2(d) hereof.
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Examples of IPO Condition in a sentence

  • Buyer shall have the period beginning on the Contract Date and ending on September 30, 1998 (the "IPO PERIOD") for satisfaction of the IPO Condition.

  • The Administrative Agent shall have received satisfactory evidence that either (i) the Rating Condition Trigger Date shall have occurred or (ii) the IPO Condition Trigger Date shall have occurred.

  • In the event that the IPO Condition has not been fully satisfied and Close of Escrow has not occurred by March 31, 2010, Seller shall have the right, in its sole discretion, to terminate this Agreement by written notice to Purchaser at any time.

  • In order to effectuate the Closing, Buyer and each of the Sellers hereby agree to waive the IPO Condition.

  • The “Closing Date” for purposes of this Agreement shall be the date which is the first business day following the later of (i) thirty (30) days after the expiration of the Due Diligence Period, or (ii) three (3) business days following satisfaction of the IPO Condition, or such earlier or later date as may be agreed upon, in writing, by Sellers and Purchaser, and shall be the date on which the Close of Escrow occurs.

  • If the IPO Condition, the PEA Condition or Trade Sale Condition are not met then Purchaser shall own a fifty percent (50%) membership interest and Seller shall own a fifty percent (50%) membership interest in the Company and the Company shall be governed in accordance with the Second A&R LLC Agreement.

  • The closing of the transactions contemplated hereby (the "Closing") shall take place ------- at the offices of Xxxxx & Xxxxxx, LLP, 000 Xxxxx Xxxxxxxxx, 00xx Xxxxx, Xxxxx Xxxx, Xxxxxxxxxx 00000, at the same time the IPO Condition is satisfied.

  • The obligation of either Transferors or Transferee to close the transaction contemplated hereby is, at the option of each party, subject to the consummation of the IPO (the "IPO Condition").

  • If, and only if, the Permanent Waiver Conditions are satisfied on or before the IPO Condition Date, then this waiver will not expire, and will instead become and constitute a permanent waiver of the Subject Defaults.

  • For clarity, if the IPO Condition, the PEA Condition or a Trade Sale Condition is completed the Parties’ respective interest in the Company will be seventy percent (70%) in Purchaser and thirty percent (30%) in Seller, assuming no additional issuance of equity securities by the Company or any transfers of equity securities in the Company by Purchaser or Seller.


More Definitions of IPO Condition

IPO Condition. As defined in Section 8.3.
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IPO Condition means the effectiveness, after the Effective Date, but on or before December 31, 2005, of Borrower's initial public offering with Borrower receiving at least $7.5 million net cash proceeds.
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IPO Condition has the meaning set forth in Section 5.01.
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Related to IPO Condition

  • Change in condition means a change in physical condition of the employee as well as any change

  • Rating Condition has the meaning specified in Section 2.06(c)(ii).

  • Qualifying condition means a condition described in Section 26-61a-104.

  • Termination Conditions means, collectively, (a) the payment in full in cash of the Obligations (other than (i) contingent indemnification obligations not then due and (ii) Obligations under Secured Hedge Agreements and Secured Cash Management Agreements) and (b) the termination of the Commitments and the termination or expiration of all Letters of Credit under this Agreement (unless the Outstanding Amount of the L/C Obligations related thereto has been Cash Collateralized on terms reasonably acceptable to the applicable Issuing Bank, backstopped by a letter of credit reasonably satisfactory to the applicable Issuing Bank or deemed reissued under another agreement reasonably acceptable to the applicable Issuing Bank).

  • Step Down Conditions As of any Distribution Date on which any decrease in any Senior Prepayment Percentage may apply, (i) the outstanding Principal Balance of all Mortgage Loans 60 days or more Delinquent (including Mortgage Loans in REO and foreclosure), averaged over the preceding six month period, as a percentage of the aggregate of the Class Certificate Principal Balances of the Classes of Subordinate Certificates on such Distribution Date, does not equal or exceed 50% and (ii) cumulative Realized Losses with respect to all of the Mortgage Loans do not exceed: · for any Distribution Date on or after the seventh anniversary until the eighth anniversary of the first Distribution Date, 30% of the aggregate Certificate Principal Balance of the Subordinate Certificates as of the Closing Date, · for any Distribution Date on or after the eighth anniversary until the ninth anniversary of the first Distribution Date, 35% of the aggregate Certificate Principal Balance of the Subordinate Certificates as of the Closing Date, · for any Distribution Date on or after the ninth anniversary until the tenth anniversary of the first Distribution Date, 40% of the aggregate Certificate Principal Balance of the Subordinate Certificates as of the Closing Date, · for any Distribution Date on or after the tenth anniversary until the eleventh anniversary of the first Distribution Date, 45% of the aggregate Certificate Principal Balance of the Subordinate Certificates as of the Closing Date, and · for any Distribution Date on or after the eleventh anniversary of the first Distribution Date, 50% of the aggregate Certificate Principal Balance of the Subordinate Certificates as of the Closing Date.

  • Failed Remarketing Condition means a Failed Remarketing Condition-Purchased VRDP Shares or a Failed Remarketing Condition-Unpurchased VRDP Shares.

  • Inconvertibility Event means the occurrence, as determined by the Calculation Agent in its sole and absolute discretion, of any action, event or circumstance whatsoever which, from a legal or practical perspective:

  • Extension Conditions Defined in Section 3.06(a).

  • Extension Minimum Condition means a condition to consummating any Extension that a minimum amount (to be determined and specified in the relevant Extension Request, in the Borrower’s sole discretion) of any or all applicable Classes be submitted for Extension.

  • Minimum Condition has the meaning set forth in Annex I.

  • Minimum Extension Condition has the meaning specified in Section 2.15(b).

  • Offer Conditions has the meaning set forth in Section 1.01(b).

  • Preexisting condition means any medical condition,

  • Outside Date has the meaning set forth in Section 8.1(b).

  • Life-threatening condition means any disease or condition from which the likelihood of death is probable unless the course of the disease or condition is interrupted.

  • Unsafe condition as used in this clause means the actual or potential exposure of contractor or Government employees to a hazardous material as defined in Federal Standard No. 313, and any revisions thereto during the term of this contract, or any other material or working condition designated by the Contracting Officer's Technical Representative (COTR) as potentially hazardous and requiring safety controls.

  • Obstetric condition means a condition that is listed under Group T4 (Obstetrics) in the Medicare Benefits Schedule.

  • Limited Condition Transaction means any Acquisition Transaction or any other acquisition or Investment permitted by this Agreement, in each case whose consummation is not conditioned on the availability of, or on obtaining, third party financing.

  • Condition Satisfaction Date shall have the meaning set forth in Section 7.2.

  • Acute condition means that the individual is medically unstable. Such an individual requires frequent monitoring by medical professionals, such as physicians and registered nurses, in order to maintain his or her health status.

  • Eligibility Conditions means the eligibility conditions specified in the Act and the Rules including all the eligibilityconditions listed in Clause [5] of the Tender Document.

  • Payment Condition shall be deemed to be satisfied in connection with a Restricted Payment, Restricted Debt Payment, investment or Permitted Acquisition if:

  • Litigation Conditions has the meaning set forth in Section 11.3.

  • Vesting Conditions means those conditions established in accordance with Section 8.4 or Section 10.2 of the Plan prior to the satisfaction of which shares subject to a Restricted Stock Award or Restricted Stock Unit Award, respectively, remain subject to forfeiture or a repurchase option in favor of the Company upon the Participant’s termination of Service.

  • Equity Conditions Measuring Period means each day during the period beginning twenty (20) Trading Days prior to the applicable date of determination and ending on and including the applicable date of determination.

  • Specified Condition means, with respect to a party, any event specified as such for that party in Paragraph 13.