Consummation of the IPO. The IPO shall have been consummated and the First Time of Delivery (as defined in the Underwriting Agreement) shall have occurred.
Consummation of the IPO. The Administrative Agent shall have received evidence satisfactory to it that the IPO shall have been consummated with gross cash proceeds (net of underwriting discount) thereof of not less than $75,000,000, and that any such proceeds not applied as described in 6.1(e) or to any fees and expenses associated with the Refinancing and the IPO, shall have been contributed to the Company.
Consummation of the IPO. The IPO has been consummated or will close simultaneously with the transactions contemplated hereby and there are no stop orders or other similar restrictions existing with respect to the registration statement filed in connection with the IPO.
Consummation of the IPO. Upon consummation of the IPO, the IPO has been consummated in all material respects as described in the Registration Statement and in compliance in all material respects with applicable Law and regulatory approvals.
Consummation of the IPO. (i) Immediately prior to the consummation of the IPO, Mr. Xxxxxx Xxxxxxxxx and Xxx. Xxxxx Xxxxxxxxx shall contribute the entire amount of certain outstanding stockholders' loans made to the Borrower [$13.2 million at September 30, 1997] to the Borrower's capital (the "EQUITY CONTRIBUTION"); (ii) simultaneously with the Equity Contribution each share of the Borrower's Common Stock, par value $.01 per share (the "OLD COMMON STOCK") shall be reclassified into [7,610] shares of Class A Common Stock and Mr. Xxxxxx Xxxxxxxxx and Xxx. Xxxxx Xxxxxxxxx shall exchange each share of Class A Common Stock held by them for one share of Class B Common Stock (the foregoing reclassification and exchange is hereinafter referred to as the "RECLASSIFICATION"); and (iii) the IPO, in which the Borrower receives a minimum of [$29,000,000] in Net Proceeds from the sale of no more than 35% of the Company's common equity, shall have been consummated.
Consummation of the IPO. The Parent shall have consummated the IPO or any Affiliate of Purchaser shall have closed an offering of not less than $10,000,000 of such Affiliate's senior subordinated debt.
Consummation of the IPO. Subject to the conditions specified in Section 6.7, True North and TN Technologies Holding shall use their best efforts to consummate the IPO as promptly as practicable following the Closing on a valuation agreed upon by the Limited Partners, True North and TN Technologies Holding, which agreement shall not be unreasonably withheld.
Consummation of the IPO. The Administrative Agent shall have received evidence satisfactory to it that the IPO shall have been (or shall be concurrently) consummated in all material respects in accordance with the terms of the registration statement or statements filed with the Securities and Exchange Commission and each other document delivered in connection with the IPO (which registration statement or statements and other documents shall be satisfactory to the Administrative Agent and the Lenders).
