Affirmative Step definition

Affirmative Step means any of the following affirmative actions to undertake or commence a Qualified IPO: (a) authorization by resolution or written consent by board of directors (or equivalent) of Investor Member or an Affiliate thereof for Investor Member or such Affiliate to take preparatory steps and incur related costs to proceed with a Qualified IPO, (b) the public announcement by Investor Member or an Affiliate thereof of its intention to effect a Qualified IPO or (c) the preparation of disclosure documents and other regulatory filings reasonably required to obtain material Governmental Approvals and consents to consummate a Qualified IPO (including one or more of an information statement, proxy statement, registration statement or exchange offer documents required in connection with a Qualified IPO by the rules and regulations of the SEC).
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Affirmative Step means an action that requires the user to select a non-default choice presented by the application’s user interface.
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Examples of Affirmative Step in a sentence

  • Select One: Complete Not Applicable Description: Insert Narrative of what was done, what documentation is included in the file, or why this Affirmative Step is not applicable for this procurement.

  • For the avoidance of doubt, AT&T Member may take actions in connection with a Company Sale or Qualified IPO and engage in discussions relating to the Transfer of its Equity Securities in the Company prior to the third anniversary of the date of this Agreement as long as AT&T Member does not enter into a definitive agreement to effect a Transfer (other than Transfers pursuant to Section 8.1(a)(i) or Section 8.1(a)(iii)), deliver a Drag-Along Sale Notice or take any Affirmative Step prior to such date.

Related to Affirmative Step

  • Permitted Pari Passu Intercreditor Agreement means, with respect to any Liens on Collateral that are intended to be pari passu with the Liens securing the Term B-1 Loans (and other Loan Obligations that are pari passu with the Term B-1 Loans), either (as the Borrower shall elect) (x) the First Lien/First Lien Intercreditor Agreement, (y) another intercreditor agreement not materially less favorable to the Lenders vis-à-vis such pari passu Liens than the First Lien/First Lien Intercreditor Agreement (as determined by the Borrower in good faith) or (z) another intercreditor agreement the terms of which are consistent with market terms governing security arrangements for the sharing of liens on a pari passu basis at the time such intercreditor agreement is proposed to be established in light of the type of Indebtedness to be secured by such liens, as determined by the Administrative Agent and the Borrower in the exercise of reasonable judgment.

  • Required Consenting Noteholders means, as of the relevant date, Consenting Noteholders holding at least 50.01% of the aggregate outstanding principal amount of Senior Notes that are held by Consenting Noteholders at the relevant time.

  • Controlling Noteholder means as of any date of determination the holder or holders of a majority of the Lead Securitization Note. At any time the Lead Securitization Note is the Controlling Noteholder and is included in the Lead Securitization, references to the “Controlling Noteholder” herein shall mean the holders of the majority of the class of securities issued in the Lead Securitization designated as the “controlling class” (or such lesser amount as permitted under the terms of the Servicing Agreement) or such other class(es) otherwise assigned the rights to exercise the rights of the “Controlling Noteholder” hereunder, as and to the extent provided in the Servicing Agreement.

  • Lead Securitization Directing Certificateholder means the “Directing Certificateholder” as defined in the Lead Securitization Servicing Agreement.

  • Controlling Noteholder Representative shall have the meaning assigned to such term in Section 6(a).