Initial Public Offering definition
Examples of Initial Public Offering in a sentence
Subject to the terms and conditions of this Agreement, the consummation of the Separation shall take place remotely via the electronic exchange of documents and signature pages on the date on which the Initial Public Offering closes or in such other manner or on such other date as Medtronic and SplitCo may mutually agree upon in writing (the day on which such closing takes place being the “Separation Date”).
As promptly as practicable following the Separation Date, the Parties shall reasonably and in good faith determine the final amount payable pursuant to this Section 4.03, taking into account the actual net proceeds received in the Initial Public Offering and the amount of Cash determined pursuant to Schedule X.
The amount payable to Medtronic pursuant to this Section 4.03 shall initially be based on a good faith estimate by Medtronic of the net proceeds from the Initial Public Offering and the Cash to be retained by the SplitCo Group.
Neither the Initial Public Offering nor the Second Step Transaction shall constitute a “change in control” (or term of similar meaning) for purposes of any Medtronic Benefit Plan or any SplitCo Benefit Plan.
SplitCo shall consult with, and cooperate in all respects with and take all actions reasonably requested by, Medtronic in connection with the Initial Public Offering.