Qualifying Transaction definition

Qualifying Transaction means a transaction where a CPC acquires Significant Assets, other than cash, by way of purchase, amalgamation, merger or arrangement with another Company or by other means.
Qualifying Transaction has the meaning set forth in Section 7.3(a).
Qualifying Transaction means any sale Transaction that is not a Non-Qualifying Transaction.

Examples of Qualifying Transaction in a sentence

  • Qualifying transaction shall refer to retail transactions, online transactions and foreign currency transaction charged to the Card and posted during the Promotion Period.

  • In connection with the Qualifying transaction on March 17, 2023, he resigned as President and Chief Executive Officer and was appointed as Executive Chairman.


More Definitions of Qualifying Transaction

Qualifying Transaction means any acquisition of (i) 50% or more of the outstanding Shares pursuant to a merger, consolidation or other business combination, sale of shares of capital stock, tender offer or exchange offer or similar transaction involving the Company or (ii) all or substantially all of the assets of the Company and its Subsidiaries, taken as a whole.
Qualifying Transaction means a Fundamental Change: (i) with regard to which the holder of Series 6 Preferred Shares is entitled to receive, directly or indirectly, in respect of its Series 6 Preferred Shares, in connection with the consummation of such transaction (including pursuant to the conversion of the Series 6 Preferred Shares (without regard to limitations or restrictions on conversion) or the purchase or exchange of such Series 6 Preferred Shares in a tender or exchange offer), consideration consisting solely of cash, equity securities that are immediately tradable on a national securities exchange and that have (or the equity securities of the predecessor of the issuer of such equity securities have) an average trading volume per trading day over the thirty (30) trading days preceding public announcement of such transaction at least equal to that of the Class A Shares over the thirty (30) trading days preceding public announcement of such transaction, or a combination of cash and such equity consideration (collectively, “qualifying consideration”), which qualifying consideration is in an amount per outstanding Series 6 Preferred Share that is at least equal to the Base Liquidation Preference of such Series 6 Preferred Share plus all accrued but unpaid dividends thereon (with the value of any non-cash consideration being the Fair Market Value of such non-cash consideration at the time of signing of the definitive transaction agreement for the applicable transaction) or (ii) that is otherwise consented to by the holders of two-thirds of the outstanding Series 6 Preferred Shares.
Qualifying Transaction shall have the meaning assigned to the termAcquisition Proposal,” except that all references therein to “fifteen percent (15%)” shall be deemed to be references to “fifty percent (50%)”.
Qualifying Transaction means a transaction whereby a CPC acquires Significant Assets other than cash, by way of purchase, amalgamation, merger or arrangement with another company or by other means, and, specifically in the case of the Corporation, means the Transaction, as more particularly described herein;
Qualifying Transaction means any retail, or online transactions, or La Carte Transaction or Cashback Transaction or any other transaction that RAKBANK defines as such from time to time.
Qualifying Transaction means a Fundamental Change
Qualifying Transaction has the meaning defined in the CPC Policy; (cc) “Regulatory Authorities” means the Commissions and the Exchange;