Examples of IPO Exchange in a sentence
If, in connection with the IPO Exchange, the Board of Directors determines that it is advisable to have all of the Units contributed by the holders thereof in one or a series of transactions to the IPO Issuer pursuant to an agreement that provides for the exchange of Units into IPO Securities of such person (with the amount of IPO Securities to be received by each such holder being determined in accordance with this Section 8.13), each holder of Units agrees to participate in such an exchange.
In the Merger, the Founders shall receive a number of Class B Ordinary Shares equal to the number of shares held by the Founders in the Company multiplied by the IPO Exchange Ratio.
If, in connection with the IPO Exchange, the Board determines that it is advisable to have all of the Units contributed by the holders thereof in one or a series of transactions to the IPO Issuer pursuant to an agreement that provides for the exchange of Units into IPO Securities of such Person (with the amount of IPO Securities to be received by each such holder being determined in accordance with this Section 7.7), each holder of Units agrees to participate in such an exchange.
Notwithstanding anything to the contrary in this Agreement, the provisions of this Article 9 (other than Section 9.2(g), Section 9.11 and Section 9.12) shall terminate and be of no further force or effect upon the earliest to occur of (i) the consummation of an IPO Exchange and (ii) with respect to any Class B Unit that is converted pursuant to Section 9.15, such conversion.
Subject to the provisions of Condition 7(b)(iii) (Terms and Conditions of Redemption at the Option of the Noteholders) if the Investment Company makes or procures the making of an offer to holders of the Notes to exchange the Notes for shares of the Investment Company, the Notes shall, at the request of the Noteholders, be exchangeable, in whole, or in part, for shares in the Investment Company on any Payment Date at the IPO Exchange Price and evidenced by an election by a duly completed Exchange Notice.
The market value of any IPO Securities issued in connection with the IPO Exchange will be deemed to be the price at which the Publicly Offered Securities were initially sold by the underwriters, which underwriters will be led by a qualified independent investment bank with a national reputation in the country or countries in which the Publicly Offered Securities are to be listed on a recognized national securities exchange.
The market value of any IPO Securities issued in connection with the IPO Exchange will be deemed to be the price at which the Publicly Offered Securities were initially sold by the underwriters, which underwriters will be led by a qualified independent investment bank with a national reputation.
In the case of an exchange upon an initial public offering of the Investment Company, the Notes shall be exchanged at the IPO Exchange Price, for shares in the Investment Company.Any exercise of a right of optional redemption pursuant to this Condition shall be effected by delivery to a Transfer Agent by the Noteholders of the Notes held thereby together with duly completed Redemption Notices not less than12 months prior to the applicable Redemption Date.
Prior to effecting any IPO Exchange in accordance with this Section 7.7, the Company will offer to each non-Defaulting Member that holds Series A-2 Preferred Units the option to purchase additional Series A-2 Preferred Units up to the amount of such Member’s Remaining Commitment.
For the sake of clarity, the IPO Initiating Members may elect, in connection with a proposed Qualified Public Offering where a Subsidiary of the Company or another entity that is not the Company or its successor is the IPO Issuer, not to cause an IPO Exchange in connection therewith and, to the extent such an IPO Exchange does not occur, this Agreement may continue in effect after a Qualified Public Offering in accordance with its terms.