Qualified Listing definition
Examples of Qualified Listing in a sentence
Represents 1.00% annualized Management Fee (as in effect prior to a Qualified Listing).
From and after the date of a Qualified Listing, if any, of the Company (or its successor), the Applicable Management Fee Percentage shall increase to 1.50% per annum of the Company’s Gross Asset Value.
In the event that any legal entity (other than the Company) becomes the listing entity for purpose of the Qualified Listing, the Company shall ensure that the Holder receives replacement convertible notes or other rights reasonably acceptable to the Holder, which in any event, subject to applicable Law, shall be on terms no less favorable to the Holder than those set forth under this Note and the Securityholders Agreement.
In connection with a Qualified Listing of shares of the Company’s Common Stock, if either (A) the Company’s principal financial advisor in connection with such Qualified Listing shall reasonably request and a majority of the Preference Shares shall consent (such consent not to be unreasonably withheld) or (B) the rules of the relevant exchange shall so require, then the Company shall have the right to require that all the outstanding Preference Shares be converted into Resulting Securities.
This Note shall be converted into Conversion Shares on the second (2nd) Business Day immediately following the closing date of the Qualified Listing (the “Conversion Date”).