Permitted IPO definition
Permitted IPO means an initial public offering by the Borrower of its common Securities after the Effective Date pursuant to an effective registration statement filed with the Securities and Exchange Commission in accordance with the Securities Act.
Permitted IPO means a firm commitment underwritten public offering pursuant to a registration statement under the Securities Act that results in (i) aggregate gross cash proceeds to the Issuer and the Permitted Selling Stockholders of at least $100 million (before underwriting discounts and commissions and offering expenses) and (ii) no more than 50% of the Fully Diluted Outstanding (as defined in the Registration Rights Agreement) capital stock of the Issuer being held by Persons who were not stockholders or warrantholders of the Issuer immediately prior to the public offering; provided, that for purposes of this clause (ii), any shares of Registrable Common Stock sold in the public offering by Permitted Selling Stockholders shall be deemed to be held after the public offering by persons who were stockholders or warrantholders of the Issuer immediately prior to the public offering.
Permitted IPO means any transactions or actions taken in connection with and reasonably related to an equity issuance by the Parent or an Affiliate consisting of a primary public offering of its common stock pursuant to an effective registration statement filed with the Securities and Exchange Commission in accordance with the Securities Act of 1933 as amended (whether alone or in connection with a secondary public offering), including any direct listing.
Examples of Permitted IPO in a sentence
Subject to the provisions of clause 7.2 (Change of Control) and compliance with clause 19.9 (“Know your customer” checks) the Borrower may request a replacement of the Parent in circumstances where the Group is involved in any Permitted IPO.
The Permitted IPO Restructuring (other than, at the election of the Borrower, the dissolution referenced in clause (f) of the definition thereof) has been consummated and the Qualified Public Offering of Holdings has been issued (or, concurrently with the effectiveness of this Agreement), each in accordance with the terms and conditions of the Permitted IPO Related Documents.
No Change of Control has occurred other than with the prior written consent of the Administrative Agent or in connection with a Permitted IPO.
Upon a Change of Control, any Flotation (which is not a Qualifying Flotation, Permitted IPO (as defined in Schedule 5 (Permitted Restructuring)) or a Permitted Subsidiary Capital Raising) or a disposal of substantially all of the business of the Group, the Facility is to be repaid and cancelled in full.
The Developer’s engineer shall determine the amount of the remaining work which shall be verified by the Town Engineer.
More Definitions of Permitted IPO
Permitted IPO means the listing of CNL HP on an approved stock exchange and any program associated with a tender offer or stock redemption so long as: (i) no Event of Default after giving effect to any such tender offer or stock redemption, including, without limitation, any payment required in connection therewith; (ii) Borrower maintains Liquidity of not less than $50,000,000.00; and (iii) any legal or governance/organizational changes are subject to the prior approval of Agent before the listing of CNL HP on any applicable exchange.
Permitted IPO means an underwritten initial public offering of equity securities of the Borrower that is registered under the Securities Act that results in the Borrower’s equity securities being listed on either the New York Stock Exchange or the NASDAQ exchange.
Permitted IPO means an initial public offering of shares of common stock of NB, Inc. in a public offering pursuant to an effective registration statement filed with the SEC in accordance with the Securities Act and on substantially the same terms and conditions set forth in the Draft Prospectus or otherwise on terms and conditions satisfactory to the Required Lenders and the Agent; provided, that (a) no Default or Matured Default shall have occurred or be continuing or would be caused thereby, (b) the Borrower shall be in pro forma compliance (based on assumptions and projections acceptable to the Agent) with the financial covenants set forth in Section 9.16, 9.17 and 9.18 after giving effect thereto, (c) NB, Inc. shall substantially simultaneously therewith execute and deliver the NB, Inc. Acknowledgment and Secretary’s Certificates relating to resolutions, incumbency, etc., (d) all net cash proceeds thereof (other than any net cash proceeds paid to the Existing Equity Holders) shall be used to purchase new equity interests in the Borrower and (e) the Agent shall have received opinions of counsel for NB, Inc. and such other information, documents, agreements or instruments that the Agent or Agent’s counsel may reasonably required in connection therewith.
Permitted IPO means an initial public offering in accordance with the 1933 Act of Stock of any Subsidiary for which the following requirements are satisfied:
Permitted IPO. The initial public offering of common stock issued by D▇▇▇▇ Media consummated prior to the Closing Date pursuant to the D▇▇▇▇ Media Registration Statement, so long as the net cash proceeds received by the Borrowers from such offering (after the payment of transaction fees and expenses incurred in connection with such issuance, including underwriting fees and expenses and reasonable attorneys’ fees and expenses, but before the redemption of preferred stock in, or repayment of existing indebtedness by, the Borrowers) is not less than $125,000,000.
Permitted IPO. The initial public offering of common stock issued by D▇▇▇▇ Media to be consummated pursuant to a Form S-1 Registration Statement to be filed on or before June 30, 2007 with the Securities and Exchange Commission and in substantially the form provided to the Agent and the Banks on or prior to the Second Amendment Effective Date (or with such changes as are reasonably acceptable to Agent), in each case so long as (a) the net cash proceeds received by the Borrowers from such offering (after the payment of transaction fees and expenses incurred in connection with such issuance, including, without limitation, underwriting fees and expenses and reasonable attorneys’ fees and expenses, but before the redemption of preferred stock in, or repayment of existing indebtedness by, the Borrowers) is reasonably expected by the Borrower to be not less than $125,000,000, (b) such offering is completed on or before December 30, 2007 and (c) no Default or Event of Default is continuing at the time of such offering.
Permitted IPO means any IPO of the Company or an IPO Entity at any time where: