Liquidity Date definition

Liquidity Date shall have the meaning set forth in Section 2.3.5(t).

Liquidity Date means the earliest of the date that (a) a Registration Statement (or multiple.

Liquidity Date means the date three Business Days following the date on which a Liquidity Event shall have occurred, provided such date shall be on or before the Maturity Date.

Examples of Liquidity Date in a sentence

• From and after the Liquidity Date, the Company shall have disclosed all material, nonpublic information delivered to the Investor (or the Investor’s representatives or agents) by the Company or any of its Subsidiaries, or any of their respective officers, directors, employees, agents or representatives (if any) in connection with the transactions contemplated by the Transaction Documents.

• The Company has not furnished to the Investor any information concerning the Company that will constitute material nonpublic information on or after the Liquidity Date.

• The Company shall ensure that any information disclosed by the Company to the Investor in connection with the Agreement shall cease to be material non-public information on or prior to the Liquidity Date and that if any material non-public information arises in the future, the Prospectus shall be promptly amended or supplemented to cover such information in accordance with the terms of the Registration Rights Agreement.

• The Company shall cause its counsel to issue a legal opinion to the Transfer Agent promptly after the Liquidity Date if required by the Transfer Agent to effect the removal of the legend hereunder.

• On the Liquidity Date, the Company will pay the entire principal amount of this Note then outstanding, together with all accrued and unpaid interest thereon and any other amounts owed to the Noteholder under this Note.

More Definitions of Liquidity Date

Liquidity Date means the date on which the Liquidity Event is completed;

Liquidity Date means the earliest to occur of: (i) the date of registration effected by preparing and filing a registration statement or similar document in compliance with the Act, and the declaration or ordering of effectiveness of such registration statement or document by the SEC (as defined below) or, in connection with a Qualifying Offering (as defined below) on an Authorized Exchange (as defined in the definition of Qualifying Offering below) in a jurisdiction other than the United States, any registration, qualification or completion of any procedure in compliance with the applicable securities laws of such non-U.S. jurisdiction undertaken or made to permit the unrestricted, lawful distribution or resale of securities to members of the general public therein, of any of the Common Stock issuable upon conversion of the Series 4-A Preferred Stock held by the Share Purchasers (as defined in the definition of Qualifying Offering below) or their Permitted Transferees (the "CONVERSION SHARES") following, or in conjunction with, the completion of a Qualifying Offering (as defined below); (ii) the date on which the Share Purchasers and their Permitted Transferees are able to publicly sell all of their issued or issuable Conversion Shares pursuant to an effective registration statement covering such shares or in any three month period pursuant to Rule 144, provided that a Qualifying Offering has occurred; (iii) the date of the closing of a Qualifying Sale (as defined below); and (iv) the date of the closing of a sale of all or substantially all of the assets of the Company for consideration that results in distributions per share to the Share Purchasers of proceeds from such sale equivalent to the consideration that would be received in a Qualifying Sale.

Liquidity Date means the date which is 15 days prior to the Stated Maturity.

Liquidity Date has the meaning set forth in Section 3.1(b).

Liquidity Date means the earliest of the date that (a) a Registration Statement (or multiple Registration Statements) registering the maximum number of Underlying Shares issuable pursuant to this Certificate of Designation and the Warrants after application of all applicable resets has been declared effective by the Commission, (b) all of the Underlying Shares have been sold pursuant to Rule 144 or may be sold pursuant to Rule 144 without the requirement for the Corporation to be in compliance with the current public information required under Rule 144 and without volume or manner-of-sale restrictions, (c) following the one-year anniversary of the Closing Date provided that a holder of Underlying Shares is not an Affiliate of the Corporation, or (d) all of the Underlying Shares may be sold pursuant to an exemption from registration under Section 4(a)(1) of the Securities Act without volume or manner-of-sale restrictions and Corporation Counsel has delivered to such holders a standing written unqualified opinion that resales may then be made by such holders of the Underlying Shares pursuant to such exemption which opinion shall be in form and substance reasonably acceptable to such holders.

Liquidity Date means any calendar day when the average daily trading volume of PROPS through all publicly available means (including centralized and decentralized exchanges) for the previous week exceeds 3 billion PROPS.

Liquidity Date means the earlier to occur of (i) the closing of a firmly underwritten public offering of not less than Twenty-Five Million Dollars ($25,000,000) gross proceeds to the Company at a public offering price per share of at least Six Dollars and Fifty Cents ($6.50) and with respect to which the lead underwriters are nationally recognized leaders in the investment banking industry for the biotechnology industry, or (ii) the date on which (a) the Company's common stock is traded on the NASDAQ National Market, the NASDAQ Stock Market, or the American Stock Exchange, and (b) the average daily trading volume for the common stock for the preceding six-month period shall be at least one hundred fifty thousand (150,000) shares.