IPO Exchange definition

IPO Exchange has the meaning set forth in the Recitals of this Agreement.
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IPO Exchange is defined in Section 7.7(a).
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IPO Exchange has the meaning set forth in Section 8.11(c).
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Examples of IPO Exchange in a sentence

  • The IPO Exchange, however, must comply with the requirements of Section 9.5(a), including the Caiman Interests Requirement, the Same Securities Requirement, and the Waterfall DistributionRequirement.

  • The defendants claim that EnCap can make those amendments, and then invoke the IPO Exchange Clause to carry out the IPO Exchange once EnCap has rewritten that clause.

  • Within the Qualified IPO Section, Section 9.5(b) grants EnCap the authority to approve the transaction or transactions to effect the IPO Exchange and to take all such other actions as are required or necessary to facilitate the Qualified IPO .

  • The training environments provide a safe way for customers to test creating, approving, and receiving transactions in the system.

  • EnCap alternatively relies on the IPO Exchange Clause to provide it with the authority to distribute Caiman II s entire ownership interest in Blue Racer.

  • See infra, Part II.D.2. EnCap can exercise the authority it possesses under the Caiman LLC Agreement to approve and effectuate a Qualified IPO, but EnCap does not have the power to change what constitutes a Qualified IPO or its component parts and thereby grant itself different and greater rights.In sum, the IPO Exchange Clause is not a meaningful source of authority for EnCap in pursuing the Up-C IPO.

  • In the IPO Exchange, the membership interests of each member in Caiman II must either be(i) converted or exchanged into IPO Securities having a Fair Market Value equal to the same proportion of the pre-IPO Value, or (ii) cancelled for no consideration if the member would not receive anything in the distribution (the Waterfall Distribution Requirement ).

  • In this case, the defendants cannot rely on the IPO Exchange Clause as a source of authority for the Up-C IPO because EnCap is not using its authority to effect the IPO Exchange as defined in Section 9.5(a).

  • The IPO Exchange Clause authorizes EnCap to implement the IPO Exchange, but the contractual parameters of the IPO Exchange impose limitations on what EnCap can accomplish.

  • The plain language of the IPO Exchange Clause authorizes EnCap to approve the transaction or transactions to effect the IPO Exchange.


More Definitions of IPO Exchange

IPO Exchange has the meaning set forth in Section 4.8(a).
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IPO Exchange means an Exchange of Limited Partner Interests into IPO Securities in accordance with Section 7.8(b).
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IPO Exchange means the Stock Exchange of Hong Kong and/or any other stock exchange of comparable standing reasonably acceptable to DCM on which HTIL Shares or HTIL Share Equivalents are listed;
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Related to IPO Exchange

  • Optional Exchange means the exchange of the Certificates by the Trust for the Underlying Securities pursuant to Section 7(a) hereof.

  • Primary Exchange means, with respect to each Index constituent or each constituent underlying a Successor Index, the primary exchange or market of trading such Index constituent or such constituent underlying a Successor Index.

  • IPO Entity means, at any time at and after an IPO, the Borrower or a parent entity of the Borrower, as the case may be, the Equity Interests in which were issued or otherwise sold pursuant to the IPO.

  • Securities Exchange means, at any time, the registered national securities exchange on which the Corporation’s equity securities are then principally listed or traded, which shall be the New York Stock Exchange or NASDAQ Global Market (or similar national quotation system of the NASDAQ Stock Market) (“NASDAQ”) or any successor exchange of either the New York Stock Exchange or NASDAQ.

  • Futures Exchange means the exchange or trading system with the highest trading volume of options or futures contracts relating to the Share. If options or futures contracts on the Share are not traded on any exchange, the Futures Exchange shall be the options or futures exchange with the highest amount of options or futures contracts relating to shares of companies having their residence in the country in which the Company has its residence. If there is no options or futures exchange in the country in which the Company has its residence on which options or futures contracts on shares are traded, the Calculation Agent will determine the Futures Exchange in its reasonable discretion (billiges Ermessen) (§ 317 BGB) and will make notification thereof in accordance with § 6 of the General Terms.

  • National Securities Exchange means an exchange registered with the Commission under Section 6(a) of the Exchange Act (or any successor to such Section).

  • National Exchange means the Nasdaq National Market or any other national exchange on which the Common Stock of the Corporation is listed.

  • Principal Exchange means, in respect of a Share, any stock exchange or quotation system on which such Share is listed. As of the date of this Information Statement, the Principal Exchange for each Share is as set forth under "Summary Information Regarding the Companies".

  • Alternative Stock Exchange means at any time, in the case of the Ordinary Shares, if they are not at that time listed and traded on the ASX, the principal stock exchange or securities market on which the Ordinary Shares are then listed or quoted or dealt in;

  • Interest exchange means the acquisition of an ownership or membership interest in a domestic entity as provided by Subchapter B, Chapter 10. The term does not include a merger or conversion.

  • Optional Exchange Date means any date on which Underlying Securities subject to Optional Exchange are distributed to a Certificateholder.

  • Applicable Exchange means the New York Stock Exchange or such other securities exchange as may at the applicable time be the principal market for the Common Stock.

  • Reference Exchange means XETRA.

  • Private Exchange means the offer by the Company, pursuant to a Registration Rights Agreement, to the Initial Purchasers to issue and deliver to each Initial Purchaser, in exchange for the Initial Securities held by the Initial Purchaser as part of its initial distribution, a like aggregate principal amount of Private Exchange Securities.

  • Irish Stock Exchange means the Irish Stock Exchange Limited.

  • Hong Kong Stock Exchange means The Stock Exchange of Hong Kong Limited;

  • Relevant Stock Exchange for the Fund means the primary exchange or quotation system on which shares (or other applicable securities) of the Fund are traded, as determined by the Calculation Agent.

  • Recognized Stock Exchange means any stock exchange agreed upon by the competent authorities of the Contracting Parties;

  • Recognized Exchange means The New York Stock Exchange or the Nasdaq National Market.

  • Approved Stock Exchange means the New York Stock Exchange, NASDAQ or such other stock exchange in the United States of America, the United Kingdom or Hong Kong as is approved in writing by the Facility Agent or, in each case, any successor thereto.

  • Currency exchange means receipt of compensation from the exchange of money of one government for money of another government.

  • Permitted Debt Exchange shall have the meaning provided in Section 2.15(a).

  • Determining Futures Exchange means the options and/or futures exchange, on which respective derivatives of the Underlying (the "Derivatives") are mostly liquidly traded, such options and/or futures exchange shall be determined by the Calculation Agent acting in accordance with relevant market practice and in good faith by way of notice pursuant to § 6 of the General Conditions.In the case of a material change in the market conditions at the Determining Futures Exchange, such as a final discontinuation of derivatives' quotation linked to the Underlying at the Determining Futures Exchange or a considerably restricted number or liquidity, it shall be substituted as the Determining Futures Exchange by another options and/or futures exchange that offers satisfactorily liquid trading in the Derivatives (the "Substitute Futures Exchange"); such options and/or futures exchange shall be determined by the Calculation Agent acting in accordance with relevant market practice and in good faith. In the event of such substitution, any reference to the Determining Futures Exchange in the Terms and Conditions of these Securities shall be deemed to refer to the Substitute Futures Exchange.

  • Derivatives Exchange means Chicago Board Options Exchange. "Interest Rate" means USD LIBOR O/N (overnight).LIBOR stands for London InterBank Offered Rate. LIBOR is an average interest rate based on infor- mation submitted by the contributing banks. The panel banks indicate the interest rates at which they are able to refinance their own interbank activities in the relevant currency for the relevant term on an unsecured basis. To calculate the reference interest rate, the highest and lowest quar- tiles of these interest rates are eliminated, and the remaining interest rates are averaged. LIBOR is calculated for 7 different terms and 5 different currencies. The LIBOR interest rates (ICE Libor) are administered by ICE Benchmark Administration Limited (IBA) and determined each business day at 11 a.m. (London time). LIBOR O/N (overnight) stands for terms of 1 day.If the Interest Rate is not set or published on an Index Calculation Day, the Interest Rate applied on the immediately preceding Index Calculation Day is used to calculate the index in accordance with section C).If the Interest Rate has neither been set nor published for ten consecutive Index Calculation Days, the Index Calculation Agent has the right and obligation to stipulate in its reasonable discretion an alternative relevant Interest Rate which has functions comparable to the previous Interest Rate.

  • Power Exchange means any exchange operating as the power exchange for electricity in terms of the orders issued by the Central Commission;