Liquidity Event Payment definition

Liquidity Event Payment shall have the meaning set forth in Section 3.01(a).
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Liquidity Event Payment has the meaning specified therefor in Section 2.07(c).
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Liquidity Event Payment has the meaning ascribed to that term in the Transaction Agreement.
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Examples of Liquidity Event Payment in a sentence

  • The Company shall use commercially reasonable efforts to obtain a release signed by each recipient of a Liquidity Event Payment in a form reasonably approved by Purchaser.


More Definitions of Liquidity Event Payment

Liquidity Event Payment means an amount equal to the product of (a) with respect to the shares of Parent Stock issued to SBCW and SBCW Affiliates pursuant to Section 3.2(b), the aggregate number of shares of Parent Stock sold by such Persons in a Liquidity Event; provided that for purposes of this definition, such amount shall in no event exceed the greatest number of shares of Parent Stock sold by any single Person and SBCW Affiliates in such Liquidity Event (the "SBCW Liquidity Event Stock Amount"), and (b) the excess, if any, of the Share Price over the Liquidity Event Price. Notwithstanding anything to the contrary herein, in no event shall the Liquidity Event Payment exceed the product of (i) $139,750,000 and (ii) a fraction, the numerator of which is equal to the SBCW Liquidity Event Stock Amount, and the denominator of which is equal to the aggregate number of shares of Parent Stock issued to SBCW and SBCW Affiliates pursuant to Section 3.2(b). 6
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Liquidity Event Payment shall have the meaning ascribed to such term in Section 6.2(a).
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Liquidity Event Payment as defined in Section 9.06.
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Liquidity Event Payment means an amount equal to the sum of (1) the first $5,000,000 of Liquidity Event Proceeds and (2) 66.66% of the Liquidity Event Proceeds in excess of $5,000,000, such aggregate payment, if any, to be distributed among the Holders in accordance with their Pro-Rata Share subject to the terms and conditions of Section 2.4.
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Liquidity Event Payment has the meaning set forth in the Purchase Agreement.”
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Liquidity Event Payment means the maximum amount of the total portion of the Contingent Payment Amount that has not been previously earned by or paid to the Sellers, whether in cash or in the form of Contingent Payment Notes, as of the Determination Date, that, if paid to the Sellers as of the Determination Date in accordance with the terms of this Agreement would yield an IRR no lower than the IRR Target for the period from the Closing Date to the Determination Date.
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Related to Liquidity Event Payment

  • Liquidity Event means a Change of Control or an IPO.

  • Deferred Net Cash Proceeds Payment Date shall have the meaning provided such term in the definition of Net Cash Proceeds.

  • Liquidity Event of Default with respect to any Liquidity Facility, has the meaning assigned to such term in such Liquidity Facility.

  • Payment Amount as defined in Section 3.5.

  • Trigger Event Date means a date on which a Trigger Event has occurred as determined by the Calculation Agent.

  • Excess Cash Flow Payment Date means the date occurring 90 days after the last day of each fiscal year of the Borrower (commencing with the fiscal year of the Borrower ending September 30, 2006).

  • Specified Equity Contribution has the meaning specified in Section 8.04.

  • Distribution Event means any insolvency, bankruptcy, receivership, liquidation, reorganization or similar proceeding (whether voluntary or involuntary) relating to the Company or its property, or any proceeding for voluntary or involuntary liquidation, dissolution or other winding up of the Company, whether or not involving insolvency or bankruptcy.

  • Delta Payment means as it is described in this Agreement.

  • Cash Payment has the meaning set forth in Section 2.03(b)(iii) below.

  • Earnout Payment has the meaning set forth in Section 2.3(b).

  • Series A Distribution Payment Date has the meaning assigned to such term in Section 5.11(b)(i)(A).

  • Event Date shall have the meaning set forth in Section 2(d).

  • Earn-Out Payment has the meaning set forth in Section 2.4(a).

  • Reinvestment Event any Asset Sale or Recovery Event in respect of which the Borrower has delivered a Reinvestment Notice.