Dilution Date definition
Examples of Dilution Date in a sentence
True North's rights under Sections 1.5 through 1.6.1 of this Agreement shall apply with respect to each successive subsequent Dilution Date.
Upon the occurrence of a Dilution Date as a result of an MPE Sole Fund, the net present value of the Company will be determined utilizing the criteria below and dilution will be with effect from such Dilution Date.
The Exercise Price per additional share of Stock on the First Dilution Date and Second Dilution Date (as appropriate) shall equal the Fair Market Value of a share of Stock on each such date.
If a Shareholder (the "Non-Funding Shareholder") fails to provide such required funding by the Contribution Date (such failure to provide funds, a "Funding Default"), the other Shareholder (the "Funding Shareholder") shall have the right (but not the obligation) to fund all or a portion of the amount not funded by the Non-Funding Shareholder (a "Make-Up Payment") during the 10 days following the Contribution Date (the last day of such 10-day period being referred to as the "Dilution Date").
The purchase and sale shall occur on the later of within thirty (30) days prior to the fifth (5th), tenth (10th) and fifteenth (15th) annual anniversaries of a Dilution Date, as applicable, or ten (10) days following receipt of all necessary third-party consents and approvals for such transfer.
In respect of an event which both gives rise to a Dilution Date and constitutes a Publicis Acquisition, True North must elect between exercising a Percentage Purchase Right under Section 1.5 and exercising a True North Maintenance Right under Section 1.
No Member will have any rights under this Section 5.4 if, after a Dilution Date, such Member either (i) has less than 40% Ownership Interest or (ii) has greater than 50% Ownership Interest.