Liquidation Event Date definition
Examples of Liquidation Event Date in a sentence
Following the occurrence of any of the events described in Condition 5(a), on the relevant Liquidation Event Date, the Securities will, automatically and without any requirement for the giving of notice, become due and payable at an amount equal to their principal amount, together with any outstanding interest accrued up to (but excluding) the Liquidation Event Date and any outstanding Arrears of Interest.
On or following the Liquidation Event Date, no payments will be made in relation to the Junior Securities of the Issuer before all amounts due, but unpaid, on the Securities have been paid by the Issuer.
On or following the Liquidation Event Date, each Securityholder may, at its discretion and without further notice, institute steps in order to obtain a judgment against the Issuer for any amounts due in respect of the Securities, including the institution of Insolvency Proceedings against the Issuer or the filing of a proof of claim and participation in any Insolvency Proceedings or proceedings for the liquidation, dissolution or winding-up of the Issuer.
Each Sponsor Holder agrees not to Transfer any Registrable Securities (other than Ordinary Shares issued or issuable upon conversion of upon conversion of the Convertible Notes) held by such Sponsor Holder, for the period beginning as of the Business Combination Closing and ending on the earlier of (x) the date that is 180 days after the Business Combination Closing and (y) a Liquidation Event Date (period, the “Sponsor Holder Lock-Up Period”).
Subject to earlier termination as provided in Section 4, the term of ▇▇▇▇▇ ▇▇▇▇▇ & ASSOCIATES LLC engagement under this Agreement (the “ Consulting Period”) will commence on the Effective Date and terminate on January 2, 2012; provided, however, that this Agreement shall terminate on the Liquidation Event Date for the first Liquidation Event (except for item (iv) under the definition of Liquidation Event) to occur after the Effective Date.
Each Company Holder agrees not to Transfer any Registrable Securities (other than Ordinary Shares issued or issuable upon conversion of upon conversion of the Convertible Notes) held by such Company Holder for the period beginning as of the Business Combination Closing and ending on the earlier of (x) the date that is 180 days after the Business Combination Closing and (y) a Liquidation Event Date (such period, the “Company Holder Lock-Up Period”).