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 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).

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.

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.
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.
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 Interest Rate : 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.
This Agreement shall terminate upon consummation of ----------- a 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.
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.
Thereupon, subject to the terms of this Agreement, USCB shall use its reasonable best efforts to effect the Qualifying Initial Public Offering, including the registration, on Form S-1, of all Registrable Common Stock that USCB has been requested so to register.
The Corporation shall not undertake a Qualifying Initial Public Offering or merger with and into a publicly traded company such that the survivor is a publicly traded corporation unless in each case the transaction is based on the Corporation having a current enterprise value or pre-money valuation of not less than $14,000,000 as reflected in the proposed transaction documents.

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).

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.

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.

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.

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.