Wind-Up Date definition

Wind-Up Date means the earlier of (i) the first date on which the Investor Group no longer holds any equity securities of the Partnership and no longer holds any equity interest received in respect of any such equity securities held or previously held by the Investor Group (other than Marketable Securities issued in exchange for the sale of equity securities of the Partnership) or is deemed to no longer hold such securities as contemplated by the last sentence of Section 2(d)(i)(B), or (ii) a sale, transfer, conveyance or other disposition, in one or a series of related transactions, of all of the Partnership’s assets to a Person not affiliated with the Investor Group.

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Wind-Up Date means the earlier of (i) the first date on which the Investor Group no longer holds any equity securities of the Company and no longer holds any equity interest received in respect of any such equity securities held or previously held by the Investor Group (other than Marketable Securities issued in exchange for the sale of equity securities of the Company) or is deemed to no longer hold such securities as contemplated by the last sentence of clause (d)(i)(B), or (ii) a sale, transfer, conveyance or other disposition, in one or a series of related transactions, of all of the Company’s assets to a Person not affiliated with the Investor Group.

Wind-Up Date means the earlier of (x) July 1, 2021 and (y) the consummation of a Change in Control.

Examples of Wind-Up Date in a sentence

• For the avoidance of doubt, none of the Performance-Based Units shall vest if the Apax Investor achieves a MOIC less than (2.0x) as of the consummation of a Change of Control or Initial Public Offering that is treated as a Wind-Up Date.

• Any Performance-Based Units that do not become Vested upon a Change of Control or Initial Public Offering that is treated as a Wind-Up Date shall be forfeited for no consideration payable to the Participant upon the consummation such Change of Control or Initial Public Offering.

• Notwithstanding anything to the contrary in this Section 6.13(b), the Parties’ obligations under this Section 6.13(b) shall cease upon the Wind-Up Date.

• Buyer acknowledges that this Section 7.02 shall not prevent Sellers from taking any necessary action during the period from and after Closing to the Wind-Up Date and liquidate any of Sellers.

• From the Closing Date until the Wind-Up Date, the Parties shall promptly execute, acknowledge, and deliver any other assurances or documents reasonably requested by any other Party in connection with the Contemplated Transactions or to evidence title, the assumption of the Assumed Liabilities or to provide Buyer or any Seller with the benefits contemplated hereby.

More Definitions of Wind-Up Date

Wind-Up Date means June 30, 2021 or such other date as the Minister directs.

Wind-Up Date means the first date on which the Holding Entity no longer, directly or indirectly, holds any equity securities of the Company and no longer holds any equity interest received by the Holding Entity in respect of any such equity securities held or previously held by the Holding Entity; provided that the Administrator may elect to treat a Partial Exit Event as a Wind-Up Date. If the Administrator (including based on the advice of the underwriters or legal advisors) in connection with a Listing of the Company or its subsidiaries believes it is inadvisable for this Plan to continue as set forth herein following such Listing, the Administrator may treat such Listing as a Wind-Up Date.

Wind-Up Date means the date upon which each Seller’s corporate existence ceases to exist.

Wind-Up Date shall have the meaning set forth in Section 9.8(b).

Wind-Up Date means the first date on which Sponsor no longer holds any equity securities of the Company and no longer holds any equity interest received in respect of any such equity securities held or previously held by Sponsor (other than marketable securities issued in exchange for the sale of equity securities of the Company); provided that the Company may elect to treat a Change of Control (that is not a Sale of the Company) as a Wind-Up Date, in which case the Residual Interest shall be treated as Sponsor Proceeds.

Wind-Up Date has the meaning set forth in Section 9.3.

Wind-Up Date means the earlier of (i) the first date on which none of the Sponsors hold any equity securities of the Company and none of the Sponsors hold any equity interest received in respect of any such equity securities held or previously held by the Sponsors, or (ii) a sale, transfer, conveyance or other disposition, in one or a series of related transactions, of all of the Company’s assets to a Person not affiliated with any of the Sponsors.