IPO Time definition
Examples of IPO Time in a sentence
From the date hereof until the IPO Time, no Party hereto shall sell, transfer, distribute, assign, pledge or otherwise, directly or indirectly, dispose of (whether with or without consideration and whether voluntarily or involuntarily or by operation of law) any interest in such Party’s Common Stock or other equity securities without the prior written consent of the Company.
This Agreement shall become effective upon completion of the IPO at the IPO Time; provided, that this Agreement shall be of no force and effect (i) prior to the completion of the IPO and (ii) if the IPO has not been consummated within ten (10) Business Days from the date of this Agreement.
For greater clarity, a holder of Notes may only exercise its right to convert the entire principal amount of the Notes and any accrued interest into Common Shares from the date of receipt of the IPO Notice until the IPO Time of Expiry, and thereafter shall not be entitled to exercise any conversion rights, except as otherwise provided herein.