Flotation Proceeds definition
Flotation Proceeds means the cash proceeds received in connection with the Flotation after deducting reasonable fees, costs and expenses of persons who are not members of the HTCC Group and any Tax incurred and required to be paid by or in connection with the Flotation.
Flotation Proceeds has the meaning given to that term in Clause 8.1 (Exit and Flotation).
Flotation Proceeds means the cash proceeds in relation to a Flotation or a primary issue of shares in connection with a Flotation, after deducting all reasonable fees, costs, expenses and Taxes incurred in connection with such Flotation.
Examples of Flotation Proceeds in a sentence
Any balance of the Flotation Proceeds not required to be prepaid in accordance with paragraph (b) above shall be available for use by the Group or, if the Total Leverage is less than or equal to 2.00:1 after giving effect to such payment, paid to the Investors.
More Definitions of Flotation Proceeds
Flotation Proceeds means the proceeds of any Flotation received by any Holdco or the Target or any Holding Company of them in cash (after deducting any Tax incurred in connection with that Flotation and any fees and expenses properly incurred by any Holdco or the Target or any Holding Company of them to persons who are not members of the Group or any such Holding Company) provided that where Flotation Proceeds have been received and the required proportion of such Flotation Proceeds has been applied in prepayment as required by paragraph (b) below, and monies derived from the remaining part of such Flotation Proceeds (after such prepayment) are subsequently paid (otherwise than in breach of this Agreement) to the Company or any other Holding Company of the Company, such monies shall not, merely by reason of their receipt by the Company or such other Holding Company, constitute Flotation Proceeds in the hands of the recipient necessitating a further prepayment under paragraph (b) below.
Flotation Proceeds means, in respect of a Flotation and a Listed Entity to which such Flotation relates, the proceeds of the issuance of any Equity Interests in such Listed Entity on or in connection with such Flotation or any further issuance of Equity Interests of such Listed Entity after such Flotation, (in each case) which proceeds are received by (or paid to the order of) such Listed Entity and after deducting:
Flotation Proceeds in relation to any Flotation, means the amount received (by the Investors, by any person through which the Investors hold a direct or indirect equity interest in the Group or by any member of the Group (each a “Relevant Person”)) in Cash or Cash Equivalents (or other instruments which upon receipt are readily convertible into Cash on reasonable commercial terms) from the share capital sold or issued (as the case may be) in such Flotation (for the avoidance of doubt, such Cash or Cash Equivalents shall not include such issued share capital itself), subject to the following:
Flotation Proceeds means, in respect of a Flotation, the Net Proceeds in relation to any issuance of shares or securities (by the IPO Entity in respect of such Flotation) or sale (by any holder of shares or securities in such IPO Entity (each an “IPO Selling Shareholder”)) of shares or securities in such IPO Entity in connection with such Flotation.
Flotation Proceeds means an amount of money equal to the Net Proceeds arising upon a Flotation which are received by a Group Company or by a Holding Company of any Group Company and which, in each case, are attributable solely and exclusively to ownership interests in the entity which has been the subject of the Flotation.