Liquidity Transaction definition

Liquidity Transaction means (i) a business combination between the Corporation and a public company pursuant to a reverse take-over, merger, amalgamation, arrangement, take-over bid, insider bid, reorganization, joint venture, sale or exchange of assets or similar transaction; or (ii) an initial public offering of the Corporation

Liquidity Transaction means any of:

Liquidity Transaction has the meaning set forth in Section 12.3(a).

Examples of Liquidity Transaction in a sentence

• The RFE process includes reviewing seven categories of risk: Credit, Interest Rate, Liquidity, Transaction, Compliance, Strategic, and Reputation.

• The Call Right shall terminate and cease to be exercisable immediately upon the consummation of a Liquidity Transaction.

• For the avoidance of doubt, if a Liquidity Period has commenced due to the occurrence of an Event of Noncompliance and the Corporation has cured such Event of Noncompliance, the Corporation may discontinue the related Liquidity Transaction and the Corporation shall no longer be required to pursue a Liquidity Transaction on account of such Event of Noncompliance.

• During the Liquidity Period, the Corporation shall direct the Financial Advisor to establish procedures to effect a Liquidity Transaction in an orderly manner with the objective of achieving the payment of the entire Series A Redemption Price payable in respect of all Series A Preferred Stock outstanding.

• The RFE process includes reviewing seven categories of risk: Credit, Interest Rate, Liquidity, Transaction, Compliance, Strategic, and Reputation.Examination planning tasks may include: (a) reviewing the prior examination report to identify the credit union’s highest risk areas and areas that require examiner follow-up; and(b) analyzing Call Reports as well as the risks detected in the credit union’s operations and in management’s demonstrated ability to manage those risks.

More Definitions of Liquidity Transaction

Liquidity Transaction means a permitted sale by the LLC (or its members upon the distribution of such shares) and the Other Investors prior to the termination of this Agreement where the following conditions have been satisfied: (a) such permitted sale shall only pertain to and cover shares of Common Stock registered under the Securities Act of 1933; (b) as to the LLC, all of the shares of Common Stock that are to be subject to its proportionate right of sale may be sold directly by the LLC, distributed to its members as freely tradable shares or some combination thereof; and (c) no stockholder (or member of the LLC in the event of a distribution of shares by the LLC to its members) shall be obligated to sell its, his or her shares of Common Stock in, or as a result of, the Liquidity Transaction.

Liquidity Transaction means a transaction of the nature described in Section 4.6.

Liquidity Transaction has the meaning provided in Section 5.01(a).

Liquidity Transaction means a transaction whereby the CARET Units or securities into which CARET Units may be exchanged become tradeable on the New York Stock Exchange, NASDAQ or other nationally recognized public exchange or electronic quotation system (which may include a public offering by the Company, CARET Ventures or SAFE).

Liquidity Transaction means any of the following events occurring on or following the date of this Agreement until and including the first Change of Control Liquidity Event: (a) the receipt by the Company of any payments, whether in cash or in any other form of consideration, in any transaction or series of transactions at any time from and after the execution of the Purchase Agreement, from any person, relating to the intellectual property portfolio of the Company as such portfolio exists as of the date of this Agreement, including payments, whether in cash or in any other form of consideration, pursuant to any license, development, settlement, right to use, joint venture or other similar agreement and (b) a Change of Control Liquidity Event.

Liquidity Transaction means the merger or consolidation of the Purchaser with any unaffiliated other person, firm, corporation or other entity as the result of which the owners of the equity of the Purchaser own less than fifty percent of the combined entity, sale of more than fifty percent of the ownership interests of the Purchaser to an unaffiliated third party, or a sale of more than fifty percent, by value, of the assets of the Purchaser and its subsidiaries to an unaffiliated third party, provided the aggregate consideration given in such transaction, net of the costs and expenses of such transaction and net of the indebtedness assumed or taken subject to, corresponds to a net equity value placed on the Purchaser or its assets in excess of $470 million. If, for example, 100 percent of the Purchaser is conveyed in a Liquidity Transaction, the net equity value placed on the Purchaser in such Liquidity Transaction shall equal the aggregate consideration paid for the Purchaser, net of the costs and expenses of such transaction and net of the indebtedness assumed or taken subject to. If, for example, sixty percent of the Purchaser is conveyed in a Liquidity Transaction, the net equity value placed on the Purchaser in such Liquidity Transaction shall be the net aggregate consideration paid, net of the costs and expenses of such transaction and net of the indebtedness assumed or taken subject to, divided by SIX TENTHS (0.6).

Liquidity Transaction refers to (a) the obtaining of a receipt for the Final Prospectus in the Qualifying Provinces and (b) the listing of the Common Shares of the Company on the TSX Venture;