Examples of Liquidation in a sentence
Liquidation up on expiration of agreement When the agreement expires or terminates in advance, the sorting center shall liquidate or continue the agreement according to the negotiation between both parties.
The covenants set forth in Section 2.1 and this Section 5, shall terminate and be of no further force or effect (a) immediately before the consummation of the IPO, (b) when the Company first becomes subject to the periodic reporting requirements of Section 12(g) or 15(d) of the Exchange Act, or (c) upon a Deemed Liquidation Event, as such term is defined in the Company’s Certificate, or (d) upon a Stock Sale, whichever event occurs first.
Notwithstanding the foregoing or anything to the contrary herein, the provisions of Section 2 shall not apply to the sale of any Capital Stock (a) to the public in an offering pursuant to an effective registration statement under the Securities Act described in Section 5.1(a) of the Certificate or (b) pursuant to a Deemed Liquidation Event (as defined in the Certificate).
The covenants set forth in Section 4.1 shall terminate and be of no further force or effect (a) immediately before the consummation of the IPO, (b) when the Company first becomes subject to the periodic reporting requirements of Section 12(g) or 15(d) of the Exchange Act, (c) upon a Deemed Liquidation Event, as such term is defined in the Company’s Certificate, or (d) a Stock Sale, whichever event occurs first.
A “Sale of the Company” shall mean either: (a) a transaction or series of related transactions in which a Person, or a group of related Persons, acquires from stockholders of the Company shares representing more than fifty percent (50%) of the outstanding voting power of the Company (a “Stock Sale”); or (b) a transaction that qualifies as a “Deemed Liquidation Event” as defined in the Certificate.