IPO CONDITION Sample Clauses

IPO CONDITION. The obligation of either Seller or Buyer to close the transaction contemplated hereby is subject to the consummation of the IPO (the "IPO CONDITION"). Buyer shall have the period beginning on the Contract Date and ending on September 30, 1998 (the "IPO PERIOD") for satisfaction of the IPO Condition. Failure of Buyer to consummate the IPO within the IPO Period shall, without further action of either party, constitute termination of this Agreement, whereupon neither party shall have any further rights or obligations hereunder, except for rights and obligations which are expressly provided in this Agreement to survive such termination.
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IPO CONDITION. The transaction contemplated by this Agreement is subject to the consummation of the IPO (the "IPO CONDITION"). Buyer shall have a period from the Contract Date until August 31, 1998 (the "IPO PERIOD") for satisfaction of the IPO Condition. Further, Buyer shall have the right to extend the IPO Period for up to two (2) additional 30-day extension periods, by delivering to Seller, in each instance, an additional $50,000.00 extension fee, which shall be made on up to two (2) occasions, each prior to the end of the then current IPO Period, for each 30-day extension so elected by Buyer. The aforesaid extension fee(s) shall
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IPO CONDITION. The obligation of either Transferors or Transferee to close the transaction contemplated hereby is, at the option of each party, subject to the consummation of the IPO (the "IPO Condition").
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Related to IPO CONDITION

  • Change in Condition There occurs any event or a change in the condition or affairs, financial or otherwise, of Borrower which, in the reasonable opinion of Lender, impairs Lender's security or ability of Borrower to discharge its obligations hereunder or which impairs the rights of Lender in such Collateral.

  • No Change in Condition No change in the condition (financial or otherwise), business, performance, properties, assets, operations or prospects of the Borrower or any of its Subsidiaries and its subsidiaries shall have occurred since December 31, 1998, which change, in the judgment of the Lenders, will have or is reasonably likely to have a Material Adverse Effect.

  • Existing Condition Seller shall not cause nor permit to occur any of the events or occurrences described in Section 3.1.11 hereof.

  • Effectiveness Conditions This Amendment shall be effective upon the completion of the following conditions precedent (all agreements, documents and instruments to be in form and substance satisfactory to Agent and Agent’s counsel):

  • Changes in Condition Since the date of the most recent financial -------------------- statements forming part of the Financial Statements, except to the extent specifically described in Section 3.3 of the Disclosure Schedule, there has been no Adverse Change in the Company or the Company and its Subsidiaries taken as a whole. There is no Event known to the Company which Adversely Affects, or in the future might (so far as the Company or the Principal Stockholder can now reasonably foresee) Adversely Affect, the Company or the Company and its Subsidiaries taken as a whole, or the ability of the Company to perform any of the obligations set forth in this Agreement or any Collateral Document executed or required to be executed pursuant hereto or thereto except for changes in general economic conditions and to the extent set forth in Section 3.3 of the Disclosure Schedule.

  • Conditions, Effectiveness This Amendment shall become effective as of the date (the “Amendment Effective Date”) on which each of the following conditions shall have been satisfied:

  • Condition of Effectiveness This Amendment shall become effective and be deemed effective as of the date hereof, subject to the satisfaction of the conditions precedent that the Administrative Agent shall have received each of the following:

  • Minimum Condition Section 1.1(a).........................................2

  • Offer Conditions “Offer Conditions” is defined in Section 1.1(b) of the Agreement.

  • Effectiveness; Conditions Precedent The effectiveness of this Amendment and the amendments to the Credit Agreement herein provided are subject to the satisfaction of the following conditions precedent:

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