IPO Event definition

IPO Event means the consummation of an underwritten public offering, pursuant to an effective registration statement under the Securities Act, that is underwritten by one or more nationally-recognized investment banking firms and results in the Company receiving not less than $25,000,000 in aggregate cash proceeds from such offering.

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IPO Event means an underwritten public offering by PTP pursuant to an effective registration statement filed with the Securities and Exchange Commission in accordance with the Securities Act.

IPO Event is the receipt of by Borrower of unrestricted net cash proceeds of Fifty Million Dollars ($50,000,000), before May 1, 2022, as part of the initial public offering of Borrower’s common stock.

Examples of IPO Event in a sentence

In connection with delivering the IPO Event Supplemental Notice to the Polaris Members, an executive officer of WHP Topco shall deliver to the Polaris Members a certificate as to the accuracy, as of the date of the IPO Event Supplemental Notice, of the calculations set forth in the IPO Event Supplemental Notice.
The rights and obligations under this Section 9.11 will terminate immediately prior to the consummation of any IPO Event, WHP COC or Significant Asset Sale (other than any Qualifying Asset Sale to which this Section 9.11 applies), whichever is earliest (provided that any rights arising out of any breach of the covenants set forth in this Section 9.11 shall survive any such termination).
The cash amount set forth in the preceding sentence shall be paid by WHP Topco via wire transfer to the account of the Polaris Holder (or its designated Affiliate) specified in writing by the Polaris Holder in connection with the closing of the IPO Event.
The rights and obligations set forth in this Section 9.9 (other than Section 9.9(k), Section 9.9(l) and Section 9.9(m)) shall terminate immediately upon the earliest of the consummation of an IPO Event, a WHP COC or a Significant Asset Sale (provided that any rights arising out of any breach of the covenants set forth in this Section 9.9 shall survive any such termination).
For the avoidance of doubt, the consummation of an IPO Event, WHP COC or Significant Asset Sale shall not be conditioned upon first obtaining the approval of the stockholders or any regulatory approval of either Polaris Member or any other Polaris Holder, and, except as expressly set forth in the next sentence of this Section 9.12(c), no such transaction shall be impeded or delayed by the pursuit or receipt of any such approval.

More Definitions of IPO Event

IPO Event means the occurrence of an Initial Public Offering.

IPO Event means an initial public offering of equity interests in the Company pursuant to an effective registration statement under the Securities Act of 1933, as amended, involving the sale of an aggregate of [$50,000,000] or more of equity interests in the Company, whether involving a primary offering or a combined primary and secondary offering, pursuant to which such equity interests become listed on a U.S. national securities exchange or any national securities association or any national exchange.

IPO Event means the listing of the shares of the Parent on the Oslo Stock Exchange or any other equivalent stock exchange following an initial public offering.

IPO Event means an event in which Equity Interests of the Parent shall be listed on the New York Stock Exchange or such other national exchange whether or not in connection with the sale of additional Equity Interests of the Parent, approved by the Administrative Agent, such approval not to be unreasonably withheld.

IPO Event occurs when the Borrower completes an initial public offering that results in a cash infusion of at least Fifty Million Dollars ($50,000,000.00).

IPO Event has the meaning set forth in Section 5.2(b).

IPO Event means the first admission to trading and listing of the Ordinary Shares on any Recognised Stock Exchange. The IPO Event shall be treated as occurring on the day on which trading in such Ordinary Shares begins on an unconditional basis.