Liquidity Cap definition
Liquidity Cap means £[●] for 2021 and £[●] for 2022, and which shall apply on an aggregate basis for this Instrument together with all Similar Instruments.
Liquidity Cap means an amount equal to [ *** ].
Liquidity Cap has the meaning set forth in Section 9.7(a).
Examples of Liquidity Cap in a sentence
While the Stockholders Agreement provides the potential opportunity for Liquidity Purchases, such transactions are subject to limitations including the availability of Available Cash and a Liquidity Cap (each as defined therein).
More Definitions of Liquidity Cap
Liquidity Cap means an amount equal to [**********].
Liquidity Cap means £[·] for 2021 and £[·] for 2022, and which shall apply on an aggregate basis for this Instrument together with all Similar Instruments.
Liquidity Cap has the meaning set forth in Section 7.2(f)(iv).
Liquidity Cap means a number of shares equal to 30% of the sum of (x) all Management Shares held by a Management Stockholder as of the date of his or her Tender Notice, and (y) any shares of Common Stock to be issued upon settlement of restricted stock units or exercise of stock options occurring after the date of his or her Tender Notice and prior to the expiration of the applicable Liquidity Window; provided, however, that if a Management Stockholder is terminated by the Company without Cause, or resigns from his or her employment with the Company due to Retirement, or his or her employment with the Company is terminated due to his or her death or Disability prior to the due date for his or her Tender Notice, then the Liquidity Cap shall instead be a number of shares equal to (I) 50% of the sum of (x) all Management Shares held by such Management Stockholder as of the date of his or her Tender Notice, and (y) any shares of Common Stock to be issued upon settlement of restricted stock units or exercise of stock options occurring after the date of his or her Tender Notice and prior to expiration of the applicable Liquidity Window, for the first Liquidity Window following such termination, death or Disability, (II) a number of shares equal to 75% of the sum of (x) all Management Shares held by such Management Stockholder as of the date of his or her Tender Notice, and (y) any shares of Common Stock to be issued upon settlement of restricted stock units or exercise of stock options occurring after the date of his or her Tender Notice and prior to expiration of the applicable Liquidity Window, for the second Liquidity Window following such termination, death or Disability and (III) all Management Shares held by such Management Stockholder as of the date of his or her Tender Notice for each subsequent Liquidity Window; provided, further, that if the aggregate Book Value Per Share of all Management Shares held by a Management Stockholder as of the date of his or her Tender Notice is less than $100,000 as and when determined under Section 7.2(e), then all percentages in the foregoing definition shall be replaced with “100%”.