Examples of Qualified Market in a sentence
This Warrant shall be exercisable, in whole or in part, on and after the earlier of (i) the Performance Incentive Determination Date, (ii) the Change in Control Exercise Time, and (iii) the Qualified Market Cap Date each as defined below, and prior to the Expiration Date (each referred to as an “Exercise Event”).
For the avoidance of doubt, the accumulation of an inventory of Existing Notes by a Qualified Market Maker in the ordinary course of its broker/dealer, market maker or flow trading business shall not be deemed to be establishing or holding a directionally biased position for purposes of clause (ii) of the immediately preceding sentence.
For the avoidance of doubt, the accumulation of an inventory of Notes by a Qualified Market Maker in the ordinary course of its broker/dealer, market maker or flow trading business shall not be deemed to be establishing or holding a directionally biased position for purposes of clause (ii) of the immediately preceding sentence.
If, at any time, there are less Qualified Markets than the Minimum Number, then either Partner may, at any time thereafter, recommend to the other Partner which Market should be designated as a Qualified Market to cause the number of Qualified Markets to equal the Minimum Number.
The Partners may always designate by mutual agreement any Market as a Qualified Market and there is no limitation or restriction which would preclude the Partners from designating, at any time, more Qualified Markets than the Minimum Number.
Any Market which is designated as a Qualified Market pursuant to the provisions of Section 10.9 hereof, until such Market is removed from the list of Qualified Markets in accordance with, or as required by, the provisions of Section 10.9(c) hereof.
To be designated as a Qualified Market, any such Market must be approved by both Partners.