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 any sale Transaction that is not a Non-Qualifying Transaction.
Qualifying Transaction has the meaning set forth in Section 7.3(a).
Examples of Qualifying Transaction in a sentence
Subject to the terms and conditions hereof, the Corporation has engaged the and wishes to continue to retain the Advisor to provide the Corporation with services related to general strategic, financial and structuring advice with respect to the Corporation’s Qualifying Transaction and provide such other advice as may be agreed upon by and between the Corporation and the Advisor (collectively, the “Advisory Services”).
During the Term and subject to the terms and conditions hereof, the Corporation shall issue to the Advisor two hundred and fifty thousand (250,000) common shares in the capital of the Corporation (or the resulting issuer from completion of the Qualifying Transaction) immediately prior to the completion of the Qualifying Transaction.
More Definitions of Qualifying Transaction
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 term “Acquisition Proposal,” except that all references therein to “fifteen percent (15%)” shall be deemed to be references to “fifty percent (50%)”.
Qualifying Transaction means the direct or indirect acquisition of assets or one or more businesses by a SPAC. For greater certainty, a Qualifying Transaction may include a merger or other reorganization or an acquisition of the SPAC.
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 has the meaning defined in the CPC Policy; (cc) “Regulatory Authorities” means the Commissions and the Exchange;
Qualifying Transaction means a transaction which—
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.