Applicable Sale definition

Applicable Sale is defined in Section 8.3(a).
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Applicable Sale has the meaning set forth in Section 7.4(a).
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Applicable Sale has the meaning set forth in Section 10.05(a).
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Examples of Applicable Sale in a sentence

  • The Sale Bonus shall equal 2.5% of the Equity Value (as defined below) of the Company; provided that such Sale Bonus shall in no circumstances exceed $10,000,000; and provided further that Executive remains an employee of the Company on the closing date of any Applicable Sale.


More Definitions of Applicable Sale

Applicable Sale is defined in the OP Agreement.
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Applicable Sale means a sale of (1) ownership of equity interests in the Company that constitutes more than 50% of the total fair market value or total voting power of the equity interests in the Company; but if any one person or more than one person acting as a group, shall be considered to own more than 50% of the total fair market value or total voting power of the equity interests in the Company, the acquisition of additional equity interests by the same person or persons shall not be considered to cause a change in the ownership; or (2) assets from the Company that have a total gross fair market value equal to or greater than 50% of the total gross fair market value of all of the assets of Solidion Technology, Inc. and its subsidiaries immediately prior to such acquisition or acquisitions. Notwithstanding the foregoing, a sale of ownership of equity interests shall not be taken into account if the primary purpose of such sale is to provide funds for the Company’s working capital and/or general corporate purposes, and a transfer of assets by the Company shall not be treated as a change of ownership of such assets if the assets are transferred to (i) equity holders of the Company (immediately before the asset transfer) in exchange for or with respect to their equity interests, (ii) an entity, 50% or more of the total value or voting power of which is owned, directly or indirectly, by the Company, (iii) a person, or more than one person action as a group, that owns, directly or indirectly, 50% or more of the total value or voting power of all of the equity interests in the Company, or (iv) an entity, at least 50% of the total value or voting power of which is owned, directly or indirectly, by a person described in clause (iii) of this paragraph.
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Applicable Sale is defined in ‎Section 7.04(a)(i).
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Applicable Sale shall have the meaning indicated in subparagraph 3.(C).
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Applicable Sale has the meaning set forth in Section 7.4(a). “Applicable Sale Notice” has the meaning set forth in Section 7.4(b).
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Related to Applicable Sale

  • Qualifying Transaction means a transaction where a CPC acquires Significant Assets, other than cash, by way of purchase, amalgamation, merger or arrangement with another Company or by other means.

  • Casual sale means a sale of an item of tangible personal property that was obtained by the person making the sale, through purchase or otherwise, for the person's own use and was previously subject to any state's taxing jurisdiction on its sale or use, and includes such items acquired for the seller's use that are sold by an auctioneer employed directly by the person for such purpose, provided the location of such sales is not the auctioneer's permanent place of business. As used in this division, "permanent place of business" includes any location where such auctioneer has conducted more than two auctions during the year.

  • Effective Price of Additional Shares of Common Stock shall mean the quotient determined by dividing the total number of Additional Shares of Common Stock issued or sold, or deemed to have been issued or sold by the Company under this Section 4F, into the aggregate consideration received, or deemed to have been received, by the Company for such issue under this Section 4F, for such Additional Shares of Common Stock.