First Exchange Time definition

First Exchange Time means the expiration or earlier waiver of any lockup agreement relating to the IPO.

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First Exchange Time means the expiration or earlier waiver of any lock-up agreement relating to the Corporation’s initial public offering.

First Exchange Time means 180 days from the date hereof.

Examples of First Exchange Time in a sentence

Any exchange of Exchangeable Units and Class B Common Stock for Class A Common Stock or the Cash Payment, as applicable, is defined herein as an “Exchange.” Subject to Section 2.1(a)(ii), after the First Exchange Time the Member may Exchange Exchangeable Units at any time and from time to time.
Any exchange of Exchangeable Units and, if applicable, Class B Common Stock for Class A Common Stock or the Cash Payment, as applicable, is defined herein as an “Exchange.” Subject to Section 2.1(a)(ii), after the First Exchange Time a Member may Exchange Class A Common Units at any time and from time to time, but a Member may not Exchange Class B Common Units more than once per fiscal quarter without the prior consent of the Corporation.
In addition, subject to Section 2.1(h) and Section 2.1(i), from and after the First Exchange Time, CD&R Waterworks Holdings and its Permitted Transferees shall be entitled, at any time and from time to time, upon the terms and subject to the conditions hereof, to transfer and surrender Paired Interests free and clear of all liens, encumbrances, rights of first refusal, and the like, to IPOco.
Any exchange of Exchangeable Units and, if applicable, Class V Common Stock for Class A Common Stock or the Cash Payment, as applicable, is defined herein as an “Exchange.” Subject to Section 2.1(a)(ii), after the First Exchange Time a Member may Exchange Exchangeable Units at any time and from time to time.
Any exchange of Exchangeable Units and Class B Common Stock for Class A Common Stock or the Cash Payment, as applicable, is defined herein as an “Exchange.” Subject to Section 2.1(a)(ii), after the First Exchange Time a Holder may Exchange Exchangeable Units at any time and from time to time.

More Definitions of First Exchange Time

First Exchange Time means the expiration or earlier waiver of any lockup, holdback or similar agreement executed by the Holders in connection with the IPO.

First Exchange Time means six months from the date hereof.

First Exchange Time means (a) in the case of Managers, the later of (x) one year from the date hereof and (y) the first time a registration statement under the Securities Act is available for an Exchange or for the resale of shares of Class A Common Stock received in an Exchange; and (b) otherwise, the expiration or earlier waiver of any lock-up agreement relating to the Corporation’s initial public offering.

First Exchange Time means the earlier of (i) 180 days from the date of this Agreement and (ii) the first date on which the underwriter lock-up agreement of CD&R Waterworks Holdings relating to IPOco’s initial public offering is waived by the applicable representatives of the underwriters party thereto in respect of a sale or offer of shares of Class A Common Stock.

First Exchange Time is deleted in its entirety from Section 1.1 and replaced with the following: