Examples of DLJ Investors in a sentence
The Stockholders shall no longer be bound by the transfer restrictions of this Article III following the first to occur of (i) the consummation of a Qualified IPO, (ii) the later of the date upon which the DLJ Investors and their Permitted Transferees own less than 5% of the outstanding Shares of Common Stock or the date on which Xxxxxxx and his Permitted Transferees own less than 5% of the outstanding shares of Common Stock, or (iii) the ten year anniversary of this Agreement.
The DLJ Investors agree to cause the DLJ Observer to keep any matters observed or materials received by him or her at any meeting of the Board strictly confidential, subject to applicable law.
As long as the DLJ Investors own 5% or more of the outstanding Shares, DLJSC shall have the right but not the obligation to act as the lead underwriter in a Qualified IPO.
In the event the DLJ Investors and/or their Permitted Transferees own at least 5% but less than 10% of the outstanding Common Stock of the Company, DLJMB shall have the right to appoint only one director.
Notwithstanding the foregoing, (i) only GEI is entitled to exercise Tag-Along Rights with respect to the first 335,000 Shares transferred by the DLJ Investors and (ii) only the DLJ Investors are entitled to exercise Tag-Along Rights with respect to the first 150,000 Shares transferred by GEI.
In the event the DLJ Investors and/or their Permitted Transferees own at least 10% but less than 20% of the outstanding Common Stock of the Company, DLJMB shall have the right to appoint only two directors.
No amendment of the terms hereof shall be effective as against the DLJ Investors unless such amendment is signed by the DLJ Investors.
The number of shares required to be registered must, in the good faith judgment of the DLJ Investors, have a fair market value of at least $20,000,000 if the Demand Registration would constitute a Qualified IPO, and a market value of $10,000,000 in all other cases.
In the event of a Closing and upon the sale or other disposition by one or more of the DLJ Investors (other than to an affiliate controlled by DLJ), in one or more transactions, of 75% of the Initial DLJ Equity, if such DLJ Investors shall have achieved the applicable Target Return in cash, promissory notes, freely tradable securities or other readily marketable consideration, then 50% of the Deferred Shares will vest immediately.
In other words, if it is in a linear shape (which is called a main-effect model), the fixed term V in the Equation 3.2-2 can be expressed by separating the monetary attribute as another term as shown in the following Equation 3.2-3:Vj x, p a xaj p p ja (3.2-3) Typical utility functions include not only linear ones like the above one, but also log-linear ones and ones in the form of CES (constant elasticity of substitution).