Qualifying Sale definition

Qualifying Sale means a sale of more than fifty percent (50%) of the Company's Common Stock on a fully diluted basis (assuming full conversion and exercise of all outstanding convertible, exchangeable and exercisable securities, including, without limitation, securities granted under any employee share option plan which have vested) for a purchase price per share at least equal to the 30% IRR Price, provided however, that in the event the purchase price for such securities is payable in marketable securities, such marketable securities shall be valued at the average of the daily closing prices of such marketable securities over the 180 consecutive trading days immediately preceding (and not including) the date such marketable securities are received, and provided further, that such purchase price is payable in full at the closing in cash or marketable securities.

Qualifying Sale means tickets sold by the Agent for an Applicable

Qualifying Sale. See Section 4(b).

Examples of Qualifying Sale in a sentence

• If Bank notifies FTDI of a Qualifying Sale, FTDI may make a contingent advance payment up to the maximum amount available for payment on the sale.

• If any of the shares purchased in a Qualifying Sale are repurchased or redeemed within twelve (12) months of the month of purchase, we shall be entitled to recover any advance payment attributable to the repurchased or redeemed shares by reducing any account payable or other monetary obligation we may owe to you or by making demand upon you for repayment in cash.

• If you notify us of a Qualifying Sale, we may make a contingent advance payment up to the maximum amount available for payment on the sale.

• If any of the shares purchased in a Qualifying Sale are redeemed or repurchased within twelve months of the month of purchase, FTDI shall be entitled to recover any advance payment attributable to the redeemed or repurchased shares by reducing any account payable or other monetary obligation FTDI may owe to Bank or by making demand upon Bank for repayment in cash.

• If any of the shares purchased in a Qualifying Sale are redeemed or repurchased within twelve (12) months of the month of purchase, FTDI shall be entitled to recover any advance payment attributable to the redeemed or repurchased shares by reducing any account payable or other monetary obligation FTDI may owe to Bank or by making demand upon Bank for repayment in cash.

More Definitions of Qualifying Sale

Qualifying Sale means the sale of all or substantially all of (i) the assets of the Company or (ii) the outstanding common stock of the Company, whether by merger, consolidation, sale or other transfer of shares of common stock (other than a merger or consolidation where the stockholders of the Company prior to the merger or consolidation are the holders of a majority of the voting securities of the entity that survives such merger or consolidation); provided, that for the avoidance of doubt, that such sale also constitutes a “change in control event” described in Section 1.409A-3(i)(5)(v) or (vii) of the Treasury Regulations with respect to the Company.

Qualifying Sale means (i) any sale or transfer of Common Stock proposed to be made by the CD&R Fund at any time after the CD&R Fund has sold or transferred in the aggregate at least the Qualifying Number of the shares of Common Stock or (ii) in the event that prior to the sale or transfer by the CD&R Fund of an aggregate of the Qualifying Number of shares of Common Stock, the CD&R Fund proposes to sell or transfer a number of shares of Common Stock which when combined with any prior sales or transfers of such shares by the CD&R Fund exceeds the Qualifying Number, the sale or transfer of a number of shares (the "Excess Number") equal to the excess of (A) the sum of any shares previously sold or transferred by the CD&R Fund and the aggregate number of shares proposed to be sold or transferred in such contemplated sale, over (B) the Qualifying Number of shares. In determining whether there is a "Qualifying Sale," equitable adjustments shall be made to reflect any stock split, stock dividend, stock combination, recapitalization or similar transaction.

Qualifying Sale means a Significant Sale in connection with which or prior to which the Qualifying Sale Hurdles are or have been attained. Whether a Significant Sale constitutes a Qualifying Sale shall be determined by the Administrator in connection with each Significant Sale.

Qualifying Sale means a Nominating Party’s transfer of Units to a

Qualifying Sale shall have the meaning provided in Section 13.2(b).

Qualifying Sale means any sale of publicly supported housing to a purchaser that

Qualifying Sale means the sale by an Investor of more than 25% of the Ordinary Shares and the Preference Shares then held by that Investor;