Qualifying Initial Public Offering definition

Qualifying Initial Public Offering means an Initial Public Offering of Australian Borrower or U.S. Borrower (or a new holding company thereof) meeting the following conditions: (a) such Initial Public Offering generates at least *** of Net Cash Proceeds; and (b) such Initial Public Offering is consummated on or prior to the date that is eighteen (18) months after the Closing Date.
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Qualifying Initial Public Offering means an underwritten initial public offering by Borrower of its Equity Interests in an underwritten primary public offering (other than a public offering pursuant to a registration statement on Form S-8) pursuant to an effective registration statement filed with the Securities and Exchange Commission in accordance with the Securities Act, as amended (whether alone or in connection with a secondary public offering), resulting in Net Cash Proceeds of at least $40,000,000.
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Qualifying Initial Public Offering is an initial public offering of Borrower’s common stock resulting in net proceeds to Borrower of at least Fifty Million Dollars ($50,000,000).
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Examples of Qualifying Initial Public Offering in a sentence

  • In the event of a Qualifying Initial Public Offering, the person(s) entitled to receive the Common Stock issuable upon such conversion of the Preferred Stock shall not be deemed to have converted their Preferred Stock until the closing of the Qualifying Initial Public Offering.

  • Within five (5) Business Days of a Qualifying Initial Public Offering or a Permitted Transfer that occurs within eighteen months (18) months of the Closing Date, Borrowers may apply the Net Cash Proceeds thereof to the prepayment of the Obligations; provided, however, that no more than $*** in the aggregate for all Qualifying Initial Public Offerings and Permitted Transfers may be so applied.

  • Holders of Series A Preferred Stock shall be entitled to receive dividends at the rate of 8% of the Series A Liquidation Preference per annum (as adjusted for any stock dividends, combinations or splits with respect to such shares) payable in cash out of funds legally available therefor; provided, however, that no dividends shall be due or payable with respect to the Series A Preferred Stock in the event a Qualifying Initial Public Offering occurs on or before February 20, 2000.

  • Notwithstanding the foregoing, this covenant shall no longer apply after all of the Obligations due to Bank under the Equipment Line are paid in full prior to December 31, 2007 with proceeds from either (x) a Qualifying Initial Public Offering, or (y) the Eligible Equipment Line Refinancing.

  • Immediately upon the closing of a Qualifying Initial Public Offering, the Series A Preferred Stock held by each holder thereof shall be automatically converted into such number of fully paid and nonassessable shares of Class A Common Stock determined by multiplying the number of shares of Series A Preferred Stock held by each holder by the Conversion Rate.

  • In the event of a Qualifying Initial Public Offering, the person(s) entitled to receive the Common Stock issuable upon such conversion of the Junior Preferred shall not be deemed to have converted their Junior Preferred until the closing of the Qualifying Initial Public Offering.

  • During any Period when: Levels: Applicable Equipment Interest Rate: EBITDA for the trailing 3 month period less than $1.00 I Prime Rate plus one and one quarter percent (1.25%) per annum EBITDA for the trailing 3 month period greater than $1.00 II Prime Rate plus three quarters of one percent (0.75%) per annum From and after a Qualifying Initial Public Offering III LIBOR Rate, plus 300 basis points per annum.

  • At any time after January 1, 1999, immediately before the closing of a Qualifying Initial Public Offering, or upon the sale of all or substantially all of the assets of the corporation, the Series A Stock may be redeemed, at the option of any holders thereof, pursuant to this Section 2(G).

  • Notwithstanding Section 2.1 ---------------------------------- and subject to the terms and conditions of the Registration Rights Agreement, each Purchaser shall be permitted to sell any or all of its shares of Common Stock in connection with a Qualifying Initial Public Offering.

  • EBITDA for the trailing 3 month period less than $1.00 I Prime Rate plus three quarters of one percent (0.75%) per annum EBITDA for the trailing 3 month period greater than or equal to $1.00 II Prime Rate plus one quarter of one percent (0.25%) per annum From and after a Qualifying Initial Public Offering III LIBOR Rate, plus 250 basis points per annum.


More Definitions of Qualifying Initial Public Offering

Qualifying Initial Public Offering means a firm commitment underwritten public offering of shares of voting USCB Common Stock (or any shares into which the voting USCB Common Stock is converted, substituted or exchanged) for cash pursuant to a Registration Statement under the Securities Act (i) pursuant to which there is established a listing on the New York Stock Exchange, The Nasdaq Global Market or The Nasdaq Global Select Market for such securities and (ii) with aggregate gross proceeds of at least $40 million (net of underwriting discounts and commissions and selling expenses).
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Qualifying Initial Public Offering means the first public offering ---------------------------------- of the Common Stock of the Company pursuant to a registration statement under the Securities Act of 1933, as amended, in which the gross proceeds from the offering to the Company and any selling security holders exceed $10,000,000.
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Qualifying Initial Public Offering means the sale of Class A Common Stock in a firm commitment, underwritten public offering registered under the Securities Act of 1933 (other than a registration on Form S-4 under the Securities Act of 1933 (or any successor to such form) or relating to any employee benefit plan of the Corporation) that results in aggregate proceeds to the Corporation or selling stockholders of not less than $30,000,000 and the listing of the Class A Common Stock on a national stock exchange or NASDAQ.
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Qualifying Initial Public Offering means the initial public offering of the Corporation’s Class A Common Shares having gross proceeds of not less than $50 million.
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Qualifying Initial Public Offering means the sale of the Borrower’s common stock in an initial public offering on the NYSE, NASDAQ or other comparable registered public exchange.
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Related to Qualifying Initial Public Offering

  • Initial Public Offering means an offering of securities registered under the Securities Act of 1933, the issuer of which, immediately before the registration, was not subject to the reporting requirements of sections 13 or 15(d) of the Securities Exchange Act of 1934.

  • Qualified Initial Public Offering means a public offering of the securities of Parent pursuant to an effective registration statement filed under the Securities Act, that is fully underwritten pursuant to a firm commitment contract and with respect to which the product of (a) the price to the public per share multiplied by (b) the aggregate number of offered shares will yield Net Offering Proceeds of at least $50,000,000.

  • Qualifying Public Offering means a firm commitment underwritten public offering of Stock for cash where the shares of Stock registered under the Securities Act are listed on a national securities exchange.

  • TERMINATION OF THE INITIAL PUBLIC OFFERING means the earlier of (i) the date on which the Initial Public Offering expires or is terminated by the Company or (ii) the date on which all shares of stock offered in the Initial Public Offering are sold, excluding warrants, if any, offered thereunder and shares that may be acquired upon exercise of such warrants and shares offered thereunder that may be acquired pursuant to the Reinvestment Plan.

  • Initial Public Offering” (“IPO means an offering of securities registered under the 1933 Act, the issuer of which, immediately before the registration, was not subject to the reporting requirements of Sections 13 or 15(d) of the 1934 Act.

  • COMMENCEMENT OF THE INITIAL PUBLIC OFFERING means the date that the Securities and Exchange Commission declares effective the registration statement filed under the Securities Act for the Initial Public Offering.

  • Initial Public Offering Price The Underwritten Certificates will be offered to the public in negotiated transactions or otherwise at varying prices to be determined at the time of sale.

  • Initial Public Offering” or “IPO means an offering of securities registered under the Securities Act of 1933, the issuer of which, immediately before the registration, was not subject to the reporting requirements of Sections 13 or 15(d) of the Securities Exchange Act of 1934.

  • Public Offering means the sale in an underwritten public offering registered under the Securities Act of equity securities of the Company or a corporate successor to the Company.

  • Underwritten Public Offering means an underwritten Public Offering, including any bought deal or block sale to a financial institution conducted as an underwritten Public Offering.

  • Public Equity Offering means an underwritten primary public offering of common stock of the Company pursuant to an effective registration statement under the Securities Act.

  • Offering shall have the meaning ascribed to such term in Section 2.1(c).

  • Shelf Offering has the meaning set forth in Section 1(d)(i).

  • IPO means the Company’s first underwritten public offering of its Common Stock under the Securities Act.

  • Qualifying Offering means a private offering of *****’s equity securities (or securities convertible into or exercisable for *****’s equity securities) for cash (or in satisfaction of debt issued for cash) having its final closing on or after the date of this Agreement and which includes investment by one or more venture capital, professional angel, corporate or other similar institutional investors other than Stanford. For the avoidance of doubt, if ***** is a limited liability company, then “equity securities” means limited liability company interests in *****.

  • Primary Offering means the portion of an Offering other than the Shares offered pursuant to the Company’s distribution reinvestment plan.

  • Secondary Offering means an offering of securities of a publicly traded company that prior to the offering were not registered under the Securities Act of 1933, as amended.

  • Rule 415 Offering means an offering on a delayed or continuous basis pursuant to Rule 415 (or any successor rule to similar effect) promulgated under the Securities Act.

  • Public Offering Price means the price per Share of the Fund at which NLD or selected dealers or selected agents may sell Shares to the public or to those persons eligible to invest in Shares as described in the Prospectus of the Funds, determined in accordance with such Prospectus under the Securities Act relating to such Shares.

  • Periodic Offering means an offering of Securities of a series from time to time, the specific terms of which Securities, including, without limitation, the rate or rates of interest, if any, thereon, the stated maturity or maturities thereof and the redemption provisions, if any, with respect thereto, are to be determined by the Issuer or its agents upon the issuance of such Securities.

  • Piggyback Offering has the meaning set forth in Section 8(a).

  • Underwritten Shelf Takedown shall have the meaning given in subsection 2.3.3.

  • Initial Offering means the Company’s first firm commitment underwritten public offering of its Common Stock registered under the Securities Act.

  • Marketed Underwritten Shelf Take-Down has the meaning set forth in Section 2.02(e)(iii).

  • Firm Commitment has the meaning set forth in Section 4.2.

  • Equity Offering means any public or private sale of common stock or Preferred Stock of the Company or any of its direct or indirect parent companies (excluding Disqualified Stock), other than: