Liquidity Event Date definition

Liquidity Event Date means the date of the closing of a Liquidity Event. Notwithstanding the foregoing, no Shares shall vest on any vesting date specified above unless Employee is then, and since the date of grant has continuously been, employed by the Company or its subsidiaries.
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Liquidity Event Date means the date of satisfaction of the Liquidity Event Condition (as defined in the Grant Notice).
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Liquidity Event Date means the date on which a Liquidity Event occurs, is scheduled to occur or is reasonably expected to occur.
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Examples of Liquidity Event Date in a sentence

  • Upon the occurrence of an IPO Liquidity Event (and provided that Executive is employed with the Company or one of its Subsidiaries on the applicable IPO Liquidity Event Date), 100% of the Performance Vesting Shares shall vest on the IPO Liquidity Event Date.

  • If the Board of Trustees determines that under then current market conditions it is in the best interests of the Fund to do so, the Fund may extend the Liquidity Event Date for one year, to July 28, 2024, without a shareholder vote.

  • In terms of Section 180 of the Act, the Board may exercise the following powers subject to receipt of consent by the Company by way of a Special Resolution: (a) to sell, lease or otherwise dispose of the whole or substantial part of the undertaking of the Company; (b) to borrow money; and (c) any such other matter as may be prescribed under the Act, the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 and other applicable provisions of Law.

  • Upon the occurrence of the Liquidity Event Date the sections of your Stock Agreements captioned "Restrictions on Transfer of Vested Shares" (paragraph (a) only), "Right of First Refusal on Dispositions of Vested Shares" and "Right of Repurchase of Vested Shares" shall be of no further force and effect.

  • The applicable vesting date described in the preceding sentence is hereinafter referred to as the "Scheduled Vesting Date." For purposes of this Retention Agreement, the terms "Liquidity Event" and "Liquidity Event Date" shall have the meaning set forth in the Stock Agreements.

  • For purposes of this Retention Agreement, "fair market value" means the average of the closing price of pSivida ADSs on the Nasdaq National Market for each of the ten (10) trading days ending on the trading day that is four (4) full trading days prior to the Liquidity Event Date.

  • The Shares shall vest in accordance with the provisions of this Paragraph 6 and applicable provisions of the Plan (if not earlier in accordance with the Plan, including Section 6 of the Plan), as follows: 100% of the Shares will vest on the earlier to occur of: - October 7, 2005; or - a Liquidity Event Date (as defined below).

  • Notwithstanding the foregoing, in the event that a Liquidity Event Date that relates to an initial public offering occurs on or before October 7, 2005, 100% of the Shares shall vest on that date which is the six-month anniversary of the closing of the initial public offering.

  • Upon the occurrence of an IPO Liquidity Event (and provided that the Executive is employed with the Company or one of its Subsidiaries on the applicable IPO Liquidity Event Date), 100% of the Performance Vesting Shares shall vest on the IPO Liquidity Event Date.

  • In accordance with Section 4(c)(ii) through (iv), 194.789958 Restricted Shares shall be eligible to vest upon the occurrence of either a Change of Control or an IPO Liquidity Event, provided the Executive is employed with the Company or one of its Subsidiaries on the Change of Control Date or IPO Liquidity Event Date, as applicable, as set forth in the requirements of this Section 4(c) (the “Performance Vesting Shares”).


More Definitions of Liquidity Event Date

Liquidity Event Date means the date of satisfaction of the Liquidity Event Condition.
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Liquidity Event Date means any date on which any Note matures -------------------- and CRC does not have sufficient funds available to it to pay such Note.
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Liquidity Event Date means (i) August 31, 2021, for a Liquidity Event consummated on or before March 1, 2022 or (ii) for all other Liquidity Events, the pricing date of the IPO or the closing date of the Trade Sale, as applicable.
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Liquidity Event Date means the first to occur, if any, of: (i) the date that is the earlier of (A) six (6) months after the effective date of the Initial Public Offering or (B) the 15th day of the third month following the end of the later of (x) the Company’s fiscal year in which the Initial Public Offering is declared effective; and (y) the calendar year in which the Initial Public Offering is declared effective; and (ii) the time immediately prior to the consummation of a Change in Control.
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Liquidity Event Date means the effective date on which the closing or consummation of a Liquidity Event occurs.
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Related to Liquidity Event Date

  • Liquidity Event means a Change of Control or an IPO.

  • Event Date shall have the meaning set forth in Section 2(d).

  • Trigger Event Date means a date on which a Trigger Event has occurred as determined by the Calculation Agent.

  • Investment Date means the date of the Investment Commitment Closing.

  • Liquidity Event of Default with respect to any Liquidity Facility, has the meaning assigned to such term in such Liquidity Facility.

  • Equity Event is the receipt by Borrower, on or after March 6, 2018 and on or prior to June 30, 2018, of unrestricted net cash proceeds of not less than Thirty Million Dollars ($30,000,000.00) from (i) the issuance and sale by Borrower of its unsecured subordinated convertible debt and/or equity securities and/or (ii) “up front” or milestone payments in connection with a joint venture, collaboration or other partnering transaction.

  • Reinvestment Event any Asset Sale or Recovery Event in respect of which the Borrower has delivered a Reinvestment Notice.

  • Excess Cash Payment Date means the date occurring 95 days after the last day of each Fiscal Year of Holdings (commencing with the Fiscal Year of Holdings ended December 31, 2010).

  • Trigger Date shall have the meaning set forth in Section 11(a)(iii) hereof.

  • Expected Principal Payment Date means April 15, 2010.

  • Principal Payment Date means, if applicable, each date designated as such in the Series Term Sheet.

  • Deemed Liquidation Event means: (i) a merger or consolidation in which the Corporation is a constituent party or a subsidiary of the Corporation is a constituent party and the Corporation issues shares of its capital stock pursuant to such merger or consolidation, except any such merger or consolidation involving the Corporation or a subsidiary in which the shares of capital stock of the Corporation outstanding immediately prior to such merger or consolidation continue to represent, or are converted into or exchanged for shares of capital stock that represent, immediately following such merger or consolidation, at least a majority, by voting power, of the capital stock of the surviving or resulting corporation or if the surviving or resulting corporation is a wholly owned subsidiary of another corporation immediately following such merger or consolidation, the parent corporation of such surviving or resulting corporation; or (ii) the sale, lease, transfer, exclusive license or other disposition, in a single transaction or series of related transactions, by the Corporation or any subsidiary of the Corporation of all or substantially all the assets of the Corporation and its subsidiaries taken as a whole, or the sale or disposition (whether by merger or otherwise) of one or more subsidiaries of the Corporation if substantially all of the assets of the Corporation and its subsidiaries taken as a whole are held by such subsidiary or subsidiaries, except where such sale, lease, transfer, exclusive license or other disposition is to a wholly owned subsidiary of the Corporation.

  • Trigger Event shall have the meaning specified in Section 14.04(c).

  • Liquidity Termination Date means the earlier to occur of (a) May 12, 2014, as such date may be extended from time to time by Three Pillars’ Liquidity Banks in accordance with the Liquidity Agreement, and (b) the occurrence of an Event of Bankruptcy with respect to Three Pillars.

  • Early Amortization Event means any Early Amortization Event specified in Section 5.01 of the Indenture.

  • Current Date means any day during the 20-day period ending on the date of the Closing.

  • Fall Away Event means such time as the Notes shall have an Investment Grade Rating and the Company shall have delivered to the Trustee an Officers’ Certificate certifying that the foregoing condition has been satisfied.

  • Reduction Event means any of the following:

  • ii) Event means any event described in Section 11(a)(ii) hereof.

  • Delay Event means any event set out at Clause 5.19.4 [Delay Events].

  • Holding Limit Event means, assuming the investor is the Issuer and/or any of its affiliates, the Issuer together with its affiliates, in aggregate hold, an interest in the Underlying Stock, constituting or likely to constitute (directly or indirectly) ownership, control or the power to vote a percentage of any class of voting securities of the Underlying Stock, of the Underlying Stock in excess of a percentage permitted or advisable, as determined by the Issuer, for the purpose of its compliance with the Bank Holding Company Act of 1956 as amended by Section 619 of the Dodd-Frank Wall Street Reform and Consumer Protection Act (the Volcker Rule), including any requests, regulations, rules, guidelines or directives made by the relevant governmental authority under, or issued by the relevant governmental authority in connection with, such statutes.

  • Make-Whole Fundamental Change Effective Date means (A) with respect to a Make-Whole Fundamental Change pursuant to clause (A) of the definition thereof, the date on which such Make-Whole Fundamental Change occurs or becomes effective; and (B) with respect to a Make-Whole Fundamental Change pursuant to clause (B) of the definition thereof, the applicable Redemption Notice Date.

  • Investment End Date : means 11 November 2022, or if such day is not a Scheduled Trading Day, the following day which is a Scheduled Trading Day.

  • Repricing Event means (a) any prepayment, repayment, refinancing, substitution or replacement of all or a portion of the 2015 Term Loans with the proceeds of, or any conversion of 2015 Term Loans into, any new or replacement Class of, or new facility of, syndicated term loans by the Borrower in the principal amount of the 2015 Term Loans prepaid, repaid, refinanced, substituted, replaced or converted and secured by the Collateral (including Replacement Term Loans or other term loans under this Agreement) having an “effective yield,” determined by the Administrative Agent in consultation with the Borrower (taking into account interest rate margin and benchmark floors, recurring fees and all upfront or similar fees or original issue discount (amortized over four years) paid to the lenders providing such Indebtedness, but excluding any arrangement, structuring, syndication or other fees payable in connection therewith that are not shared ratably with all lenders or holders of such term loans in their capacities as lenders or holders of such term loans), less than the “effective yield” applicable to the 2015 Term Loans being prepaid, repaid, refinanced, substituted, replaced or converted (determined on the same basis as provided in the preceding parenthetical) and (b) any amendment to this Agreement (including pursuant to a Replacement Term Loan or other term loans under this Agreement) to the 2015 Term Loans or any tranche thereof which reduces the “effective yield” applicable to such 2015 Term Loans (as determined on the same basis as provided in clause (a)), in each case only if the primary purpose of such prepayment, repayment, substitution, replacement or amendment was to reduce the “effective yield” applicable to such 2015 Term Loans.

  • Repayment Event means any event or condition which gives the holder of any note, debenture or other evidence of indebtedness (or any person acting on such holder’s behalf) the right to require the repurchase, redemption or repayment of all or a portion of such indebtedness by the Company or any of its subsidiaries.