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 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 has the meaning set forth in Section 7.3(a).

Examples of Qualifying Transaction in a sentence

  • On January 8, 2013, the Company completed its Qualifying Transaction and ceased to be a Capital Pool Company.

  • Upon the close of the Qualifying Transaction, the Company successfully became listed on Tier 1 of the TSX Venture Exchange (see note 27) under the symbol “POPR”.

  • In 2009, the TSX-V accepted the Company’s Qualifying Transaction and filing statement, and the Company began trading on the TSX-V as a Tier 2 company under the symbol ECC.

  • The Qualifying Transaction was completed on June 30, 2020 by way of a three-corned amalgamation, pursuant to which Subco amalgamated with PopReach Incorporated (“PopReach”) and the Company, which now holds the assets of PopReach Incorporated as a wholly-owned subsidiary, changed its name to PopReach Corporation.Immediately prior to the close of the Qualifying Transaction, the Company consolidated its common shares on an 8 to 1 basis (the “Share Consolidation”).

  • Transaction amounts arising from balance transfers, personal loans, payment of annual membership fees, interest, goods and services taxes, late payment fees, and any other form of service/miscellaneous fees will not be considered as a Qualifying Transaction and accordingly, such transaction amounts will not be aggregated for the Promotion.

More Definitions of Qualifying Transaction

Qualifying Transaction means any sale Transaction that is not a Non-Qualifying Transaction.
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 tofifty percent (50%)”.
Qualifying Transaction means, in one or more related transaction, any (i) acquisition of the Company by merger or business combination transaction, or for a “merger of equals” with the Company; (ii) acquisition by any person, or any person becomes the owner (other than, in each case, Parent or any of its Subsidiaries or their affiliates or associates) of forty percent (40%) or more of the assets of the Company and its Subsidiaries, taken as a whole, including by way of dividend, recapitalization, spin-off or similar transaction; (iii) acquisition by any person of forty percent (40%) or more of the outstanding shares of Company Common Stock or in shares convertible into or exercisable or exchangeable for forty percent (40%) or more of the shares of Company Common Stock or (iv) a transaction in which, immediately following completion of such transaction, the stockholders who owned shares of Company Common Stock immediately prior to completion of such transaction (without regard to any of their holdings in the acquiring company) cease to hold at least sixty percent (60%) of the shares of Company Common Stock.
Qualifying Transaction means the acquisition of one or more businesses or assets, by way of a merger, amalgamation, arrangement, share exchange, asset acquisition, share purchase, reorganization, or any other similar business combination involving the Corporation, and which is intended to be consummated by the Corporation within the Permitted Timeline and in accordance with applicable law (including the rules of the Exchange) and as more fully described in the Final Prospectus;
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 a Qualifying Transaction within the meaning of the Exchange Listing Manual (as amended from time to time, and subject to any exemptive relief granted by the Exchange);