Examples of Qualified Transactions in a sentence
Within two (2) trading days after the closing of one or more Qualified Transactions resulting in $25,000,000 (Twenty Five Million Dollars) in aggregate proceeds after transaction expenses and placement agent or broker commissions or fees, the Company will notify the Holder of said closing (a “Transaction Notice”).
The Company shall provide the Investor with a notice no later than 15 business days prior to the closing of the Qualified Transaction indicating the proposed closing date, together with the terms and conditions of the Qualified Transactions, the rights, preferences and privileges of the Qualified Stock and the conversion calculation determined in accordance with Section 4.4 below.
In addition, MCC shall maintain information related to Qualified Transactions (including any information related to the customers subject to Qualified Transactions) disclosed by BA in confidence and shall not disclose or communicate such information to any third parties or use it for any purpose other than for the purpose of this Agreement.
The bonus amounts set forth on Exhibit A are cumulative, meaning that each Participant shall be eligible to receive the bonus payment for each objective achieved, it being understood that (1) the Qualified Transaction Bonus Payment would be paid only once, even if more than one Qualified Transaction is completed during 2007; and (2) the Other Approved Transaction Objective may be satisfied whether or not any Qualified Transactions are completed during 2007.
Advertiser shall be solely responsible for tracking Transactions and Qualified Transactions.