Initial IPO means completion of the first to occur of (i) an IPO of Shares held by a Shareholder following an IPO Process and (ii) an IPO of New Shares in the Company which had received approval as a Reserved Matter;
Initial IPO means the consummation of the sale to the public of the Common Stock contemplated by and pursuant to the Registration Statement on Form S-1 filed with the Securities and Exchange Commission, as amended, pursuant to Registration Number 333-162614.
Initial IPO means completion of the first to occur of (i) an IPO of Shares held by a Shareholder following an IPO Process and (ii) and IPO of New Shares in the Company;”
Examples of Initial IPO in a sentence
Actuarial ObligationIn this section, the discussion will focus on the commitments of CalSTRS for MPP Program benefits, which are referred to as its Actuarial Obligation.Unlike the DB Program where new members join the plan, members eligible for the MPP Program are a closed group.
Prior to an Initial IPO, a Shareholder must transfer all (but not only some) of its Shares (unless clause 15.6 applies) and must transferboth the legal and beneficial ownership of the relevant Shares.
Holdings and HWMP each hereby agrees to cause the Equity Transaction documents to provide for payment to the Collateral Agent for the benefit of the Holders of the Initial IPO Cash Paydown as an express and required use of proceeds of the IPO.
Subsequently, Mr Majid entered into a letter of appointment with the Company dated 26 January 2016, under the terms of which he agreed to continue to act as the Non-Executive Chairman of the Board from the date of the Initial IPO.
Malcolm Groat, who was appointed as a Non-Executive Director on 8 June 2015, has also agreed to continue to act as a Non-Executive Director of the Company with effect from the date of the Initial IPO and has entered into a letter of appointment with the Company dated 26 January 2016.
More Definitions of Initial IPO
Initial IPO means in relation to the Company the first admission of its shares to trading on AIM and the offering of its shares for the first time in accordance with the Admission Document, the Placing Agreement, the Independent Subscription Agreements and all other documents referred to therein or ancillary thereto;
Initial IPO price shall mean the price established by the underwriters as the initial price of the first public stock offering made by the Company. The shares of Common Stock issuable upon exercise of this Warrant are hereinafter referred to as the Shares. The option described pursuant to this Paragraph 1 shall only be exercisable within ten (10) years from the date hereof, provided that there has been no acquisition or merger of the Company at the time of the IPO. The exercise of, or the failure to exercise, this Warrant in conjunction with an IPO shall terminate all other rights of Holder hereunder.
Initial IPO means completion of the first to occur of (i) an IPO of Shares held by a Shareholder following an IPO Process and (ii) and IPO of New Shares in the Company;” Less than [ * * * ] but more than (or equal to) [ * * * ] • Board Composition • Clause 3.2.3 shall be deleted in its entirety and replaced with the following: “The B Shareholder shall be entitled to appoint one non-executive B Director to the Board and to remove the B Director appointed by it from time to time.” • Clause 4.4 shall be deleted in its entirety and replaced with the following: “Subject to clause 4.5, on any vote on a resolution of the Directors, each Directors will have one vote. Subject to the specific requirements in clause 6 relating to Reserved Matters (a) resolutions of the Directors shall be decided by simple majority vote, calculated in accordance with the preceding sentence and (b) if a vote of the Directors is tied, the Chairman (or the Director acting as chairman at the relevant meeting in accordance with clause 3.4.4) will have a casting vote.” Table of Contents Percentage ownership Item Amendments to Shareholders’ Agreement • Appointment of Executive Team • Clause 5.1.2 shall be deleted in its entirety and replaced with the following: “The appointment or removal of the Executive Team shall be determined by the Board. The Board will cooperate to create a shortlist of candidates taking into account recommendations from both Shareholders, and the Board will appoint candidates from that list.” • Reserved Matters • Paragraph 1 of schedule 1 shall be deleted in its entirety and replaced with the following words: “ Amending: 1.1 the memorandum of association or the articles of association of the Company or the rights attaching to the shares in the capital of the Company, other than to the extent required in connection with matters specifically approved or permitted under this schedule 1 and only to the extent that such amendments would adversely impact the B Shareholder; and 1.2 in any material respect, the memorandum of association or the articles of association of any other Group Company or the rights attaching to the shares in the capital of any other Group Company other than to the extent required in connection with matters specifically approved or permitted under this schedule 1 and only to the extent that such amendments would adversely impact the B Shareholder. • Each of paragraphs 4, 5, 6, 7, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18, 19, 20, 22, 23, 24, 25, 26, 27 and 28 of sche...
Initial IPO means completion of the first to occur of (i) an IPO of Shares held by a Shareholder following an IPO Process and (ii) and IPO of New Shares in the Company;” UK-0020-Charger Percentage ownership Item Amendments to Shareholders’ Agreement • Reporting to Shareholders • Clause 10.2 shall be deleted in its entirety and replaced with the following: “The Company shall supply each Shareholder with all information, and within such timeframes as may reasonably be required by it in order to comply with applicable Laws or to meet its or its Affiliates’ respective audit requirements.”
Initial IPO means completion of the first to occur of (i) an IPO of Shares held by a Shareholder following an IPO Process and (ii) and IPO of New Shares in the Company;” Less than [ * * * ] but more than (or equal to) [ * * * ] • Board Composition • Clause 3.2.3 shall be deleted in its entirety and replaced with the following: “The B Shareholder shall be entitled to appoint one non-executive B Director to the Board and to remove the B Director appointed by it from time to time.” • Clause 4.4 shall be deleted in its entirety and replaced with the following: “Subject to clause 4.5, on any vote on a resolution of the Directors, each Directors will have one vote. Subject to the specific requirements in clause 6 relating to Reserved Matters (a) resolutions of the Directors shall be decided by simple majority vote, calculated in accordance with the preceding sentence and - 76 - Percentage ownership Item Amendments to Shareholders’ Agreement
Initial IPO has the meaning assigned to such term in the recitals to this Agreement.
Initial IPO as defined in the Third Amendment.