Examples of Liquidity Event Proceeds in a sentence
Notwithstanding the foregoing, Buyer shall not take any action in bad faith with the intent of depriving Seller of the benefit of the Milestone Payment and/or Seller Liquidity Event Proceeds, if any, provided for herein.
Notwithstanding the foregoing, in no event shall the aggregate of Seller Liquidity Event Proceeds and the Milestone Payment payable by Buyer exceed Twenty-Five Million Dollars ($25,000,000).
In addition to the Purchase Price Adjustment, Buyer shall pay or cause to be paid the Milestone Payment and/or Seller Liquidity Event Proceeds, if any, to the Seller Representative in accordance with this Section 2.5.
Term Loan The Term Loan will be made in one disbursement within ten days after the later of (i) the date the Borrower receives the cash proceeds (the "Liquidity Event Proceeds") from the closing of a Liquidity Event (as defined below) or (ii) Silicon's written approval of the Liquidity Event.
Upon such merger, the consideration for the Class B Partnership Units of each Class B Limited Partner will be OP Units and/or such Class B Limited Partner's allocable share of the Net Liquidity Event Proceeds.