IPO Participation Right definition
Examples of IPO Participation Right in a sentence
The obligation of each of the Company and AbbVie to consummate the private placement pursuant to the Private Financing Participation Right or to consummate the purchase of Common Stock of the Company pursuant to the IPO Participation Right is subject to, and such closing shall not occur prior to the first business day after the expiration or early termination of any applicable waiting period(s) relating to the Antitrust Filings.
Upon the AbbVie’s exercise of the IPO Participation Right, at the IPO Concurrent Closing AbbVie agrees to purchase, and the Company agrees to sell, subject to the terms and conditions set forth in this Agreement, in a concurrent private placement exempt from the registration requirements of the Securities Act, that number of shares of Common Stock equal to the IPO Participation Amount at a price per share equal to the IPO Price.
The obligation of each of the Company and the Purchaser to consummate the private placement pursuant to the Private Financing Participation Right, to consummate the purchase of Common Stock of the Company pursuant to the IPO Participation Right or to permit the participation of Purchaser in any Follow-On Offering is subject to, and such closing shall not occur prior to the first business day after the expiration or early termination of any applicable waiting period(s) relating to the Antitrust Filings.
In consideration of the Escalation Waiver described in paragraph 1 above, AMR and Contractor agree that ▇▇▇'s IPO Participation Right as described in Article 9.03(d) of the Air Services Agreement is hereby forfeited.
Upon the Purchaser’s exercise of the IPO Participation Right, at the IPO Concurrent Closing the Purchaser agrees to purchase, and the Company agrees to sell, subject to the terms and conditions set forth in this Agreement, in a concurrent private placement exempt from the registration requirements of the Securities Act, that number of shares of Common Stock equal to the IPO Participation Amount at a price per share equal to the IPO Price.