IPO Conversion definition

IPO Conversion shall have the meaning set forth in Section 4.5(a).

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IPO Conversion is defined in Section 11.01(a).

IPO Conversion has the meaning set forth in Section 3.7(a).

Examples of IPO Conversion in a sentence

The IPO Conversion Price and the Alternative Liquidity Event Conversion Price (either, the “Mandatory Conversion Price”) shall be subject to adjustment, as provided for in Section 3(f) below.
In the event that prior to the Maturity Date of this Note, the Maker shall consummate an IPO and its Common Stock shall be approved for listing or trading on any Qualified Securities Market, the entire Outstanding Balance of this Note shall automatically, and without any further consent or approval of the Holder, be converted into Common Stock of the Maker at the IPO Conversion Price.
If an Initial Public Offering occurs prior to the payment in full of the principal amount of this Note, then the outstanding principal amount of this Note and all accrued and unpaid interest on this Note shall automatically convert immediately prior to such Initial Public Offering, into fully paid and nonassessable shares of the Company’s common stock at the IPO Conversion Price.
If upon Issuer’s initial public offering fewer than all the holders of the Preferred Stock are parties to this Agreement, then this Agreement shall terminate and the IPO Conversion shall not occur.
If Issuer’s initial public offering has not occurred by October 31, 2014, then this Agreement shall terminate and the IPO Conversion shall not occur.

More Definitions of IPO Conversion

IPO Conversion has the meaning given in Section 12.7(a).

IPO Conversion means the conversion of all outstanding preferred shares of the Borrower into common shares upon the consummation of an initial public offering as provided in the Shareholders Agreement.

IPO Conversion has the meaning set forth in Section 2.10(a).

IPO Conversion has the meaning set forth in Section 7(b) hereof.

IPO Conversion means any of the following actions in connection with or in furtherance of an Initial Public Offering, the Board, with Requisite Board Approval, may (i) amend this Agreement to provide for a conversion of the Company in accordance with applicable law to a corporation or such other form as the Board, with Requisite Board Approval, may determine, (ii) distribute shares of any Subsidiary of the Company to the Members, (iii) transfer all of the assets of the Company, subject to the Company’s liabilities, or transfer any portion of such assets and liabilities, to one or more Persons in exchange for equity interests of such Person and cause the subsequent distribution of such equity interests in such Person, at such time as the Board, with Requisite Board Approval, may determine, to the Members, (iv) move or domesticate the Company or any successor to another jurisdiction to facilitate any of the foregoing, (v) cause the merger or consolidation of the Company into or with another Person, (vi) cause each Member to transfer such Member’s Equity Interests to one or more corporations in exchange for shares of such corporation(s), (vii) form a parent holding company of the Company that is a corporation (or REIT) for U.S. federal income tax purposes, and/or (viii) take such other steps as it deems necessary or appropriate to facilitate an Initial Public Offering.

IPO Conversion means, with respect to an Initial Public Offering, the conversion or exchange of Class A Units into Common Stock as approved by the Board in its discretion in accordance with the LLC Agreement in connection with such Initial Public Offering.

IPO Conversion means the effective date of an Initial Public Offering.