Liquidity Events definition
Examples of Liquidity Events in a sentence
The provisions of this Section 7 shall similarly apply to successive Liquidity Events.
For avoidance of doubt, the Liquidity Event payment will be payable once regardless of whether Dermira or its successors undergo multiple Liquidity Events.
In the event the total value of the Primary Transfer(s) is equivalent to or exceeds, at any time, two hundred million Reais (R$ 200,000,000.00), the amount payable by the Buyer to the Sellers shall be equivalent to sixty million Reais (R$60,000,000.00), in any event, deducted, if applicable, from any previously made Sale Tails exclusively arising out of Liquidity Event(s) regarding Primary Transfer(s).
The Lender hereby waives the Event of Default under Section 8.1(j) of the Credit Agreement arising out of the occurrence of certain Liquidity Events.
The Board of such Subject Company will, within 30 days after receipt of such a notice, elect one of the Liquidity Events in its sole discretion and proceed as promptly as practicable to cause such Liquidity Event to occur.
Effective as of the Transfer Date, Article 8.1 and Article 8.2 of the Shareholders Agreement, entitling BioGeneration to a preferred return in case of a Liquidity Event (and a claw back in the event of certain Liquidity Events), is herewith cancelled.
The Manager’s business model anticipates a series of Liquidity Events on one or more Properties of the Fund within a five to seven year time frame from any particular investment by a Preferred Member.
If to the Noteholder: ▇▇▇ ▇▇▇▇▇▇ ▇▇▇ ▇▇▇▇ ▇▇▇▇▇ ▇▇▇▇ Athol, MA 01331 with a copy (for informational purposes only) to: N/A to its address and facsimile number set forth above, or to such other address and/or facsimile number and/or to the attention of such other person as the recipient party has specified by written notice given to each other party five (5) days prior to the effectiveness of such change.
Investor shall be entitled to a monthly return on the Net Operating Cash Flow of the Company or distributions upon a Liquidity Events (as those terms are defined in the Operating Agreement), pro rata to Investor’s Membership Interest.
In the case of all other Liquidity Events, the Liquidity Price per Share shall be the price paid for USC shares of stock upon the closing of each such Liquidity Event.