Examples of IPO Restructuring in a sentence
Effective as of the Effective Date (as defined below), the Lenders, the Administrative Agent and the Collateral Agent waive any non-compliance under the Credit Agreement that may arise solely to the extent necessary to give effect to the IPO Restructuring Transactions, other than compliance with the procedures and obligations set forth in Sections 5.06 and 5.11 of the Credit Agreement and Section 4 of this Amendment.
Notwithstanding any other provision of this Agreement, except for any IPO Restructuring Tax and any DeKalb Tax Liability, Distributing shall be responsible for, and shall indemnify and hold harmless each member of the Controlled Group from and against, any Income Tax liability of any member of the Distributing Group, attributable to periods through and including August 31, 2000, whether or not such period constitutes a fiscal period under applicable law.
In the event that the IPO Restructuring is completed prior to the full exercise of this Warrant, the Holder, in its sole discretion and as evidenced by written notice to the Company at any time prior to the IPO Date, shall have the right to elect to cause the Company and Newco to issue to Holder a new warrant of Newco to replace this Warrant (the “New Warrant”), which New Warrant shall be issued prior to the completion of the IPO.
The Permitted IPO Restructuring (other than, at the election of the Borrower, the dissolution referenced in clause (f) of the definition thereof) has been consummated and the Qualified Public Offering of Holdings has been issued (or, concurrently with the effectiveness of this Agreement), each in accordance with the terms and conditions of the Permitted IPO Related Documents.
Notwithstanding the foregoing, in the event of the IPO Restructuring, as defined below, the Holder shall have the option, in lieu of the provisions of this Section 3(b), to exercise its rights pursuant to Section 5.