Examples of Liquidity Event in a sentence
The conversion price shall be determined based on the fair market value of the Company as of that date, as established by an independent third party appointed by the Company’s administrative body; within 15 (fifteen) Business Days from the Longstop Date, if no Investment Round or Liquidity Event has occurred prior to that time; with each such date referred to as the “Issuance Date”.
The Company, the Founders and the Significant [Quotaholders/Shareholders], each within their respective capacities, agree to ensure that the Investor [Quota/Shares] is offered for subscription to the Investor, utilizing the Targeted Reserve, upon the occurrence of any of the following events: an Investment Round; a Liquidity Event; and, in the absence of (a) or (b), the expiration of a period of [•]7 months from the date of signing this Agreement (the “Longstop Date”); (each, a “Relevant Event”).