Qualifying IPO Payment definition

Qualifying IPO Payment means, concurrent with the closing of a Qualifying IPO, the one-time payment to Sponsor in connection with the termination of the Management Services Agreement in an aggregate amount not to exceed $6,000,000.
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Qualifying IPO Payment means, concurrent with the closing of a Qualifying IPO, the one-time payment to Sponsor in connection with
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Qualifying IPO Payment means, with respect to a holder of Convertible Preferred Shares, the product of: (a) all of the Company’s shares received by such holder of Convertible Preferred Shares upon conversion of its holdings of Convertible Preferred Shares in connection with a Qualifying IPO; multiplied by (b) the Qualifying IPO Price;
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Examples of Qualifying IPO Payment in a sentence

  • Notwithstanding the foregoing, this Section 6.15 shall not apply to any amendment to the Management Services Agreement, or the termination thereof, executed or made in connection with a Qualifying IPO; provided, that the payments made in connection therewith shall not exceed the Qualifying IPO Payment.

  • Notwithstanding anything to the contrary in the Credit Documents, the Lenders hereby consent to (i) the redemption of the Senior Notes by the Company pursuant to a Qualifying Senior Notes Redemption, (ii) the payment of the Qualifying IPO Payment and (iii) the redemption by Holdings of all preferred stock of Holdings pursuant to a Qualifying Preferred Stock Redemption.

  • Notwithstanding anything to the contrary in the Credit Documents, the Lenders hereby consent to (i) the redemption of the Senior Notes by the Borrower pursuant to a Qualifying Senior Notes Redemption, (ii) the payment of the Qualifying IPO Payment and (iii) the redemption by Holdings of all preferred stock of Holdings pursuant to a Qualifying Preferred Stock Redemption.