FIRST LISTING definition
Examples of FIRST LISTING in a sentence
In the event that the Sale of the Company takes place prior to the First Listing, the Company must also pay an Early Redemption Premium as calculated in Article 2.
Each such payment will be due on the fifth (5th) Trading Day following the applicable Event Date except that any liquidated damages payable by the Company for failure to meet the Filing Deadline shall not become due until the fifth (5th) Trading Day following the Company's failure to meet the First Listing Deadline.
Exceptionally, for the period between the First Listing date (excluded) (as this term is defined in II.1 below) and Maturity (inclusive), the CBs issued shall accrue interest at the rate indicated in 3.1 above.
In the event that the First Listing (as defined below) takes place prior to Maturity, Maturity shall be postponed until the expiry of the holding period indicated in the holding commitment made by the bondholders at the Company’s request, at the time of the First Listing (as this term is defined in paragraph II.1 below).
Exceptionally, for the period between the First Listing date (excluded) (as this term is defined in II.1 below) and the Maturity Date (inclusive), the CBs issued shall accrue interest at the 3 month Euribor rate displayed by Bloomberg, plus 250 basis points.
If the First Listing takes place prior to Maturity, if the CBs have not been converted, they will be redeemed in full (in principal and interest) at Maturity, or on the first subsequent business day if this date is not a business day, without any applicable redemption premium.
This Section shall not apply to a Company First Listing consummated after March 31, 1998.
In the event that the First Listing (as defined below) takes place prior to the Maturity Date, the Maturity Date shall be postponed until the expiry of the holding period indicated in the holding commitment made by the bondholders at the Company’s request, at the time of the First Listing (as this term is defined in paragraph II.1 below).
The Buyer further agrees not to unreasonably withhold its vote in favor of all other proposals which require a vote of the stockholders of the Company in connection with such Company First Listing and as to which a majority of the votes cast by all of the holders of capital stock of the Company have been cast in favor of.
Any approval granted under Subsection (a) of this section shall automatically be deemed rescinded and of no force and effect if the Company First Listing is not consummated on or before March 31, 1998.