Qualified Event definition
Examples of Qualified Event in a sentence
On and after the consummation of Qualified Event, except with respect to the material terms and conditions of the transactions contemplated by the Transaction Documents, each Company Party confirms that none of the Company Parties, their Affiliates, or agents or counsel or any other Person acting on behalf of the foregoing has provided any Purchaser, any Purchaser Party or their agents or counsel with any information that it believes constitutes or might constitute material, non-public information.
In the event that the underwriter or lead manager in a Qualified Event requires a lock-up agreement of the Company, each Purchaser shall, at the request of the underwriter or lead manager, execute a lock-up agreement on terms no less favorable than those obtained by, and having the same lock-up period as, any other holder of Invea Securities that is also required to execute a lock-up agreement as part of the Qualified Event.
After a Qualified Event, the Company shall ensure that its shares of Common Stock are and remain eligible for the “Deposit and Withdrawal at Custodian” (DWAC) service of the Deposit Trust Corporation and not subject to any restriction or limitation imposed by or on behalf of the Deposit Trust Corporation on any of its services or any other restriction or limitation on the use of the services provided by the Deposit Trust Corporation (DTC chill).
Should any Purchaser obtain any shares of Common Stock or preferred stock of Invea prior such Qualified Event and wish to transfer or sell these shares to another holder prior to such Qualified Event, that holder must agree in writing to be bound by this provision.
The Company shall publicly disclose the Transaction Documents by including such Transaction Documents as exhibits to the initial registration statement for a Qualified Event.