IPO Event definition

IPO Event means the consummation of an underwritten public offering, pursuant to an effective registration statement under the Securities Act, that is underwritten by one or more nationally-recognized investment banking firms and results in the Company receiving not less than $25,000,000 in aggregate cash proceeds from such offering.

IPO Event means an underwritten public offering by PTP pursuant to an effective registration statement filed with the Securities and Exchange Commission in accordance with the Securities Act.

IPO Event is the receipt of by Borrower of unrestricted net cash proceeds of Fifty Million Dollars ($50,000,000), before May 1, 2022, as part of the initial public offering of Borrower’s common stock.

Examples of IPO Event in a sentence

• Interest shall accrue at the fixed per annum rate of interest equal to the aggregate of the Prime Rate and one and one-quarter of one percent (1.25%), which rate shall be fixed as of the Funding Date for each 2007 Term Advance; provided, however, on the first (1st) day of the month following the occurrence of an IPO Event, interest shall accrue at a fixed per annum rate equal to the Prime Rate, which rate shall be fixed as of the Funding Date for each 2007 Term Advance.

• As a condition to the occurrence of the IPO Event, REIT is required, pursuant to §7.26 of the Credit Agreement, to become a party to the Credit Agreement in order to be bound by certain provisions thereof.

• Prior to the consummation of an IPO Event, CWI 2 shall not modify the size of its Board of Directors from nine (9) without the prior written consent of WPC.

• After an IPO Event, no fractional shares shall be issued upon conversion of shares of Series A Preferred Stock.

• In addition, upon the occurrence of an IPO Event, the Executive shall be eligible to receive a one-time transaction bonus, to be determined and paid at the sole discretion of the Board.

More Definitions of IPO Event

IPO Event means an initial public offering of equity interests in the Company pursuant to an effective registration statement under the Securities Act of 1933, as amended, involving the sale of an aggregate of [$50,000,000] or more of equity interests in the Company, whether involving a primary offering or a combined primary and secondary offering, pursuant to which such equity interests become listed on a U.S. national securities exchange or any national securities association or any national exchange.

IPO Event has the meaning set forth in Section 5.2(b).

IPO Event means an event in which Equity Interests of the Parent shall be listed on the New York Stock Exchange or such other national exchange whether or not in connection with the sale of additional Equity Interests of the Parent, approved by the Administrative Agent, such approval not to be unreasonably withheld.

IPO Event means the listing of the shares of the Parent on the Oslo Stock Exchange or any other equivalent stock exchange following an initial public offering.

IPO Event occurs when the Borrower completes an initial public offering that results in a cash infusion of at least Fifty Million Dollars ($50,000,000.00).

IPO Event is Borrower's initial underwritten public offering and sale of its securities pursuant to an effective registration statement under the Securities Act of 1933, as amended, or any successor statute."

IPO Event means the first admission to trading and listing of the Ordinary Shares on any Recognised Stock Exchange. The IPO Event shall be treated as occurring on the day on which trading in such Ordinary Shares begins on an unconditional basis.