Second Triggering Event definition
Second Triggering Event means either of the following events or transactions occurring after the date hereof: (i) the acquisition by any person of beneficial ownership of 20% or more of the then outstanding Common Stock; or (ii) the occurrence of the First Triggering Event described in paragraph (i) of the definition thereof, except that the percentage referred to in clause (y) of the definition of Acquisition Transaction shall be 20%.
Second Triggering Event means if the volume weighted average closing price of a share of Class A Stock is greater than or equal to $15.00 over any 10 trading days within any 30 trading day period, but within the Earn-Out Period.
Second Triggering Event means the declaration by the Commission of the effectiveness of a Registration Statement filed by the Corporation, permitting the Corporation to make a public offering and sale of its securities.
Examples of Second Triggering Event in a sentence
Employee shall be granted options to purchase 100,000 shares of the common stock of the Company at an exercise price equal to the fair market value on the date of grant when and if the net earnings of the Company on a fully diluted basis reach $0.80 per share in any consecutive twelve (12) month period ("Second Triggering Event").
If Hynix, Micron or Infineon, or the DRAM business of these companies, are acquired by another of these companies (or if a controlling interest of at least the DRAM portion one of these companies is acquired by another of these companies), then an agreement with the acquiring company to pay royalties for all DRAM Licensed Products that the acquiring company is shipping in volume shall satisfy the Second Triggering Event.
More Definitions of Second Triggering Event
Second Triggering Event means the date on which the average reported last sale price of the Class A Ordinary Shares equals or exceeds $15.00 for any ten (10) trading days within any twenty (20) consecutive trading day period; provided, that, if, during the Earnout Period, the Company consummates a Change of Control (as defined in the Business Combination Agreement) pursuant to which the Company or any of its shareholders have the right to receive consideration implying a value of the Class A Ordinary Shares (as determined in good faith by the Board) of (A) less than $12.50 per share, then all Earnout Shares shall be deemed forfeited upon consummation of such Change of Control, (B) greater than or equal to $12.50 per share, then the First Triggering Event shall be deemed to have occurred and (C) greater than or equal to $15.00 per share, then both the First Triggering Event and the Second Triggering Event shall be deemed to have occurred;”
Second Triggering Event has the meaning set forth in Section 2.5(a)(ii).
Second Triggering Event means if the volume weighted average closing price of a share of Class A Stock is greater than or equal to
Second Triggering Event means the first date during the Sponsor Earnout Period on which the closing price of PubCo Ordinary Shares as reported on Nasdaq (or the exchange on which PubCo Ordinary Shares are then listed) is greater than $14.00 for any twenty (20) trading days within a consecutive thirty-(30)-trading day period (the “Second Share Price Threshold”, and together with the First Share Price Threshold, the “Thresholds”). The closing price of PubCo Ordinary Shares for purposes of the Second Share Price Thresholds shall be adjusted as appropriate to reflect any share splits, reverse share splits, stock dividends (including any dividend or distribution of securities convertible into PubCo Ordinary Shares), reorganization, recapitalization, reclassification, combination, exchange of shares or other like change or transaction with respect to PubCo Ordinary Shares.
Second Triggering Event means the declaration by the SEC of the effectiveness of a Registration Statement filed by the Corporation, permitting the Corporation to make a public offering and sale of its securities.