IPO Conversion definition

IPO Conversion shall have the meaning set forth in Section 4.5(a).

IPO Conversion is defined in Section 11.01(a).

IPO Conversion has the meaning given in Section 12.7(a).

Examples of IPO Conversion in a sentence

• In the event that prior to the Maturity Date of this Note, the Maker shall consummate an IPO and its Common Stock shall be approved for listing or trading on any Qualified Securities Market, the entire Outstanding Balance of this Note shall automatically, and without any further consent or approval of the Holder, be converted into Common Stock of the Maker at the IPO Conversion Price.

• The IPO Conversion Price and the Alternative Liquidity Event Conversion Price (either, the “Mandatory Conversion Price”) shall be subject to adjustment, as provided for in Section 3(f) below.

• If an Initial Public Offering occurs prior to the payment in full of the principal amount of this Note, then the outstanding principal amount of this Note and all accrued and unpaid interest on this Note shall automatically convert immediately prior to such Initial Public Offering, into fully paid and nonassessable shares of the Company’s common stock at the IPO Conversion Price.

• The number of shares of common stock to be issued upon such conversion shall be equal to the quotient obtained by dividing (i) the Payment Amount by (ii) the IPO Conversion Price.

• In the event of a Qualified IPO, but subject to the closing of such Qualified IPO, if the Requisite Holders timely deliver an IPO Conversion Election as set forth in Section 3(b)(i), the outstanding Note Obligations Amount shall convert in full on the closing date of such Qualified IPO into a number of IPO Securities equal to (x) the outstanding Note Obligations Amount on such closing date, divided by (y) the applicable IPO Conversion Price.

More Definitions of IPO Conversion

IPO Conversion has the meaning set forth in Section 3.7(a).

IPO Conversion has the meaning set forth in Section 2.10(a).

IPO Conversion means the conversion of all outstanding preferred shares of the Borrower into common shares upon the consummation of an initial public offering as provided in the Shareholders Agreement.

IPO Conversion means, with respect to an Initial Public Offering, the conversion or exchange of Class A Units into Common Stock as approved by the Board in its discretion in accordance with the LLC Agreement in connection with such Initial Public Offering.

IPO Conversion has the meaning set forth in Section 7(b) hereof.

IPO Conversion means the effective date of an Initial Public Offering.

IPO Conversion shall have the meaning set forth in Section 8.01(a).