Liquidity Option definition

Liquidity Option shall refer to a means by which U.S. holders of Class A ordinary shares can monetize their investment in the Class A ordinary shares: (a) through an alternative trading system, or ATS, as defined in SEC Regulation ATS, a bulletin board connecting potential buyers with potential sellers in compliance with SEC guidelines, brokerage transactions or other means reasonably expected to provide Class A shareholders with an ability to sell their Class A ordinary shares on a continuous or episodic basis; (b) pursuant to a repurchase offer or tender offer, effected in compliance with applicable securities laws; or (c) pursuant to a best efforts secondary offering qualified by the SEC pursuant to Regulation A or similar rules in effect at such time, which secondary offering shall be filed with the SEC not later than three months following such seven-year anniversary. The obligation to effect a sale of the Painting in the absence of a Liquidity Option can only be waived by the holders of a majority of the Voting Shares.
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Liquidity Option has the meaning assigned to such term in Section 2 of the Liquidity Agreement.
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Liquidity Option has the meaning specified in Section 7.3.
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Examples of Liquidity Option in a sentence

  • The obligation to effect a sale of the Painting in the absence of a Liquidity Option can only be waived by the holders of a majority of the Voting Shares.

  • If the Holder does not provide the Corporation with notice of its selection by the expiry of the Liquidity Option Period, it shall be deemed to have selected the Conversion Option.

  • The undersigned is aware that in the event the PMF Offer (Early Liquidity Option) is cancelled, the proceeds for the undersigned’s Interest will be paid entirely in-kind in the form of Shares, and the undersigned will receive no cash proceeds.

  • The undersigned elects to retain the Shares and not to participate in the PMF Offer (Early Liquidity Option).

  • Pursuant to the issuance of such Liquidity Option Notice, the MPF Provider hereby agrees to acquire a 100% participation in the Program Loans funded or purchased under any Delivery Commitments requested by the Boston Bank’s PFIs, such Delivery Commitments shall be issued as Designated Delivery Commitments.

  • The MPF Provider’s 100% participation in the Program Loans funded or purchased under Designated Delivery Commitments shall be pursuant to a Liquidity Option MPF Participation Agreement, which shall be in a form mutually acceptable to the parties.

  • From time to time, the Pittsburgh Bank may elect to grant to the MPF Provider a 100% participation in all the Agency Loans funded pursuant to Delivery Commitments entered into by the Pittsburgh Bank on a given Business Day after the MPF Provider has received notice from the Pittsburgh Bank of its intent to exercise this Liquidity Option (“Designated Loans”).

  • The MPF Provider hereby agrees to acquire a 100% participation in the Designated Loans designated by the Pittsburgh Bank, pursuant to a MPF Liquidity Option Participation Agreement in a form mutually acceptable to the parties.

  • Credit risk indicatorTargetPortfolio average credit rating: County FundPension Fund Liquidity (Option 1): – The Council has adopted a voluntary measure of its exposure to liquidity risk by monitoring the amount of cash available to meet unexpected payments within a rolling three month period, without additional borrowing.

  • The Confirmation shall specify the Participation Interest transferred to the MPF Provider pursuant to the Liquidity Option Notice and the Participation Interest transferred to one or more MPF Banks and shall conform to any requirements set forth in the FHLB Guide.


More Definitions of Liquidity Option

Liquidity Option means the mechanism to assist SAB Zenzele Retailer Shareholders who:
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Liquidity Option means that certain Stock Option, dated as of October 31, 2013, issued to Cxxxxxx Xxxxxx to purchase 400,000 Shares, which vest upon a “Liquidity Event” to the extent set forth in Section 3 thereof.
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Related to Liquidity Option

  • Vested Option means any Option, which has already been vested according to the Vesting Dates.

  • Optional Purchase Percentage means 5%.

  • Unvested Option means an Option in respect of which the relevant Vesting Conditions have not been satisfied and as such, the Option Grantee has not become eligible to exercise the Option.

  • Call Option Repayment Date means the settlement date for the Call Option determined by the Issuer pursuant to Clause 10.2 (Voluntary early redemption – Call Option), Clause 10.3(d) or a date agreed upon between the Bond Trustee and the Issuer in connection with such redemption of Bonds.

  • Related Option means an Option with respect to which a Stock Appreciation Right has been granted.

  • Aggregate Option Exercise Price means, as of any date of determination, the sum of the exercise prices payable upon exercise in full of all Vested Options held by all Optionholders immediately prior to the Effective Time, based on the Estimated Merger Consideration or the Final Adjusted Merger Consideration, as applicable.

  • Top-Up Option has the meaning set forth in Section 1.04(a).

  • Aggregate Exercise Price means an amount equal to the product of (a) the number of Warrant Shares in respect of which this Warrant is then being exercised pursuant to Section 3 hereof, multiplied by (b) the Exercise Price.

  • Vested Options means the Options that have vested in accordance with Section 2.2 of this Agreement.

  • Daily Option Value For any Valid Day, an amount equal to (i) the Option Entitlement on such Valid Day, multiplied by (ii) (A) the lesser of the Relevant Price on such Valid Day and the Cap Price, less (B) the Strike Price on such Valid Day; provided that if the calculation contained in clause (ii) above results in a negative number, the Daily Option Value for such Valid Day shall be deemed to be zero. In no event will the Daily Option Value be less than zero.

  • Purchase Commitment means a written commitment, in form and substance satisfactory to Lender, issued in favor of Borrower by an Investor under which that Investor commits to purchase Mortgage Loans or Mortgage-backed Securities.

  • Discounted Prepayment Option Notice has the meaning specified in Section 2.05(d)(ii).

  • Initial Exercise Price shall have the meaning set forth in Section 2.4.1.

  • Incremental Purchase means a purchase of one or more Purchaser Interests which increases the total outstanding Aggregate Capital hereunder.

  • Aggregate Supplemental Purchase Amount with respect to this Supplemental Transfer Agreement shall be $________; provided, however, that such amount shall not exceed the amount on deposit in the Supplemental Loan Account.

  • Call Option Date As defined in Section 10.01(a) hereof.

  • Option Exchange Ratio means the quotient of (i) the Common Per Share Consideration divided by (ii) the Acquirer Stock Price.

  • Company Option means an option to purchase shares of Company Common Stock granted under the Company Incentive Plan.

  • Exercise Payment means the amount of money equal to the Exercise Price multiplied by the number of Optioned Shares specified in the Notice of Exercise;

  • Termination Price As defined in Section 9.01.

  • Call Option means an exchange traded option with respect to Securities other than Stock Index Options, Futures Contracts, and Futures Contract Options entitling the holder, upon timely exercise and payment of the exercise price, as specified therein, to purchase from the writer thereof the specified underlying Securities.

  • 3(i) Option means an Option granted pursuant to Section 3(i) of the Ordinance to any person who is Non- Employee.

  • Rollover Option has the meaning set forth in Section 2.4(a).

  • Interest Option means LIBOR or the Reference Rate.

  • Non-Qualified Option means an Option that is not an Incentive Stock Option.

  • Put Option Repayment Date means the settlement date for the Put Option pursuant to Clause 10.3 (Mandatory repurchase due to a Put Option Event).