Strategic Transaction definition
Strategic Transaction means a transaction or relationship in which the Company issues shares of Common Stock to an entity which is, itself or through its subsidiaries, an operating company in a business related to the business of the Company and in which the Company receives material benefits in addition to the investment of funds, but shall not include a transaction in which the Company is issuing securities primarily for the purpose of raising capital.
Strategic Transaction means any Fundamental Transaction occurring following the consummation of our Business Combination other than (i) any reorganization, recapitalisation or reclassification of the Class A Shares in which holders of the Company’s voting power immediately prior to such reorganization, recapitalisation or reclassification continue after such reorganization, recapitalisation or reclassification to hold publicly traded shares and, directly or indirectly, are the holders of a majority of the voting power of the surviving or resulting entity (or entities) with the authority or voting power to elect a majority of the members of the board of directors of the Company (or their equivalent if other than a company) of such entity or entities after such reorganization, recapitalisation or reclassification, (ii) pursuant to a domestication or migratory merger effected solely for the purpose of changing the jurisdiction of incorporation of the Company or (iii) any transaction or series of related transactions which would result in a majority of the board of directors of the Company or the board of directors of the combined or resulting entity following the consummation of such transaction or series of related transactions being comprised of individuals who shall have not been members of the board of directors of the Company immediately prior to the consummation of such transaction or series of related transactions.
Strategic Transaction means any direct or indirect acquisition or disposition of any business or of any assets comprising a business, or any acquisition or disposition of any interest in a joint venture or other equity investment in any business.
Examples of Strategic Transaction in a sentence
With respect to a Borrowing of Third Draw New Money Term Loans, (i) the Borrower shall have (x) delivered to the Lenders at least one indication of interest with respect to a Strategic Transaction that is acceptable to the Required DIP Lenders in their sole discretion or (y) agreed upon the principle terms of an Acceptable Plan of Reorganization and (ii) the applicable Subsequent Funding Conditions shall have been satisfied after giving effect to such Borrowing.
With respect to a Borrowing of Fourth Draw New Money Term Loans, (i) the Borrower shall have (x) entered into definitive documentation with respect to a Strategic Transaction that is acceptable to the Required DIP Lenders in their sole discretion or (y) filed an Acceptable Plan of Reorganization and (ii) the Subsequent Funding Conditions shall have been satisfied after giving effect to such Borrowing.
More Definitions of Strategic Transaction
Strategic Transaction means a transaction or relationship in which (1) the Company issues shares of Common Stock to a Person that the Board of Directors of the Company determined in good faith is, itself or through its Subsidiaries, an operating company in a business synergistic with the business of the Company (or a shareholder thereof) and (2) the Company expects to receive benefits in addition to the investment of funds, but shall not include (x) a transaction in which the Company is issuing securities primarily for the purpose of raising capital or to a Person whose primary business is investing in securities or (y) issuances to lenders.
Strategic Transaction means any transaction to restructure the Borrower’s business operations and raise additional capital, including but not limited to any acquisition, merger, restructuring, recapitalization or other similar transaction.
Strategic Transaction has the meaning set forth in the Recitals to this Agreement.
Strategic Transaction means the issuance of up to 69,461,377 Ordinary Shares as partial consideration for the purchase of all of the outstanding share capital of NetNut Ltd., an Israeli corporation (and up to 44,756,273 pursuant to certain earn-outs), and certain assets of DiViNetworks Ltd., as further described on Schedule 3.1(g) attached hereto.
Strategic Transaction means a transaction or relationship in which (1) the Company issues shares of Common Stock to a Person which the Board of Directors of the Company determined in good faith is, itself or through its Subsidiaries, an operating company in a business synergistic with the business of the Company and (2) the Company expects to receive benefits in addition to the investment of funds, but shall not include (x) a transaction in which the Company is issuing securities primarily for the purpose of raising capital or to a Person whose primary business is investing in securities or (y) issuances to lenders or suppliers.
Strategic Transaction means a transaction or relationship in which (1) the Borrower issues shares of Common Stock to a Person which the Board of Directors of the Borrower determines in good faith is, itself or through its Subsidiaries, an operating company in a business synergistic with the business of the Borrower and (2) the Borrower expects to receive benefits in addition to the investment of funds, but shall not include a transaction in which the Borrower issues securities primarily for the purpose of raising capital or to an entity whose primary business is investing in securities.
Strategic Transaction means a transaction or a series of related transactions that results in an acquisition of the Company by a third party, including by way of merger, purchase of capital stock or purchase of assets or change of control or otherwise.