Minimum IPO definition

Minimum IPO means a Public Offering after the Effective Date at the conclusion of which, as determined in good faith by the Committee, the aggregate price for all shares of Common Stock, or common stock of a Subsidiary, having been sold to the public in such Public Offering, plus the aggregate offering price for all shares of Common Stock, or common stock of a Subsidiary, sold in all prior Public Offerings of Common Stock occurring after the date of any such award, exceeds $50 million.

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Minimum IPO means a Public Offering after the effective date of the Plan at the conclusion of which, as determined in good faith by the Committee, the aggregate price for all shares of Common Stock, or common stock of a Subsidiary, having been sold to the public in such Public Offering, plus the aggregate offering price for all shares of Common Stock, or common stock of a Subsidiary, sold in all prior Public Offerings of Common Stock occurring after the date of any such award, exceeds $50 million. "Public Offering" means a public offering of Common Stock, or common stock of any Subsidiary, pursuant to an effective registration statement under the Securities Act of 1933, as amended.

Minimum IPO means an Initial Public Offering which results in gross proceeds to the Company of at least $30 million and a per share price of at least $8.25.

Examples of Minimum IPO in a sentence

• The Registration Statement shall have been ---------------------- declared effective by the SEC and the underwriters named therein shall have agreed to acquire on a firm commitment basis such shares of HDS Stock, subject to the conditions set forth in an underwriting agreement (the "Underwriting Agreement"), on terms such that the Effective IPO Price (as defined in Annex I) is equal to or greater than the Minimum IPO Price (as defined in Annex I).

• Notwithstanding anything else herein to the contrary and for the avoidance of doubt, the Minimum IPO Purchase Order Amount for all Purchasers shall not exceed the “Percent of Offering” (as specified on Schedule A attached hereto) of the Public Units being offered in the IPO, without regard for the exercise of any over-allotment option, and to the extent of any such excess, the Minimum IPO Purchase Order Amount under this Agreement shall be deemed to be reduced to such Percent of Offering amount.

• American Ski has successfully completed its initial public offering, the gross proceeds of which are equal to or greater than the Minimum IPO Gross Proceeds.

• The underwriters named in the Registration ---------------------- Statement shall have agreed to acquire on a firm commitment basis such shares of HDS Stock, subject to the conditions set forth in an underwriting agreement (the "Underwriting Agreement"), on terms such that the Effective IPO Price (as defined in Annex I) is equal to or greater than the Minimum IPO Price (as defined in Annex I).

• Successful completion of American Ski's initial public offering on terms satisfactory to the Agent and evidence of IPO Gross Proceeds equal to or exceeding the Minimum IPO Gross Proceeds.

• Notwithstanding the foregoing, no Shortfall Amount will be due by the Seller in the event the product of (x) the Actual Internalization Consideration, multiplied by (y) the highest quoted closing price on a public exchange on which the REIT’s shares are traded during the period commencing as of the Internalization and ending ninety (90) days thereafter exceeds the Minimum IPO Value.

• Notwithstanding the foregoing, if the sum of (a) the Merger Shares to be delivered to USREHAG, (b) the Purchase Shares, if any, (c) the Minimum IPO Shares (as defined in the Merger Agreement), if any, deliverable to Purchaser at the closing of the IPO and (d) the Fund V Shares (as defined in the Merger Agreement), collectively, would not satisfy the 5% Ownership Condition (as defined in the Merger Agreement), then Purchaser shall have no obligation to purchase the Purchase Shares hereunder.

• American Ski will use all net proceeds of the Minimum IPO Gross Proceeds and will use all Restricted Excess IPO Proceeds (a) to make Investments in its Restricted Subsidiaries for use by them in their ski and lodging operations including, without limitation, the consummation of the Kamori Acquisition and (b) to redeem the 133/4% Subordinated Notes in full on or before December 30, 1997.

• On the Minimum IPO Consummation Date, all reasonable legal fees of ▇▇▇▇▇▇ ▇▇▇▇▇▇ & ▇▇▇▇▇▇▇ as special counsel to the Lenders in connection with the negotiation, execution and delivery of the Senior Loan Documents shall have been paid in full.

• For every $2.75 that the per share price of the Minimum IPO is below $16.50, the Initial Warrants and Additional Warrants issuable pursuant to paragraphs A.

More Definitions of Minimum IPO

Minimum IPO means a Public Offering of the Common Stock after the Date of Grant at the conclusion of which the aggregate price for all shares of Common Stock having been sold to the public in such Public Offering, plus the aggregate offering price for all shares of Common Stock sold in all prior Public Offerings of Common Stock occurring after the Date of Grant, exceeds $50 million.

Minimum IPO the issuance or sale of equity securities by the Borrower in an amount not less than $35,000,000 and pursuant to an initial offering in the public equity markets, the Net Cash Proceeds of which are used to prepay the Loans in accordance with Section 2.7.