Minimum IPO definition

Minimum IPO means a Public Offering after the Effective Date at the conclusion of which, as determined in good faith by the Committee, the aggregate price for all shares of Common Stock, or common stock of a Subsidiary, having been sold to the public in such Public Offering, plus the aggregate offering price for all shares of Common Stock, or common stock of a Subsidiary, sold in all prior Public Offerings of Common Stock occurring after the date of any such award, exceeds $50 million.
Sample 1
Minimum IPO means a Public Offering after the effective date of the Plan at the conclusion of which, as determined in good faith by the Committee, the aggregate price for all shares of Common Stock, or common stock of a Subsidiary, having been sold to the public in such Public Offering, plus the aggregate offering price for all shares of Common Stock, or common stock of a Subsidiary, sold in all prior Public Offerings of Common Stock occurring after the date of any such award, exceeds $50 million. "Public Offering" means a public offering of Common Stock, or common stock of any Subsidiary, pursuant to an effective registration statement under the Securities Act of 1933, as amended.
Sample 1
Minimum IPO means an Initial Public Offering which results in gross proceeds to the Company of at least $30 million and a per share price of at least $8.25.
Sample 1

Examples of Minimum IPO in a sentence

  • The Registration Statement shall have been ---------------------- declared effective by the SEC and the underwriters named therein shall have agreed to acquire on a firm commitment basis such shares of HDS Stock, subject to the conditions set forth in an underwriting agreement (the "Underwriting Agreement"), on terms such that the Effective IPO Price (as defined in Annex I) is equal to or greater than the Minimum IPO Price (as defined in Annex I).

  • The underwriters named in the Registration ---------------------- Statement shall have agreed to acquire on a firm commitment basis such shares of HDS Stock, subject to the conditions set forth in an underwriting agreement (the "Underwriting Agreement"), on terms such that the Effective IPO Price (as defined in Annex I) is equal to or greater than the Minimum IPO Price (as defined in Annex I).

  • American Ski will use all net proceeds of the Minimum IPO Gross Proceeds and will use all Restricted Excess IPO Proceeds (a) to make Investments in its Restricted Subsidiaries for use by them in their ski and lodging operations including, without limitation, the consummation of the Kamori Acquisition and (b) to redeem the 133/4% Subordinated Notes in full on or before December 30, 1997.

  • Notwithstanding anything else herein to the contrary and for the avoidance of doubt, the Minimum IPO Purchase Order Amount for all Purchasers shall not exceed the “Percent of Offering” (as specified on Schedule A attached hereto) of the Public Units being offered in the IPO, without regard for the exercise of any over-allotment option, and to the extent of any such excess, the Minimum IPO Purchase Order Amount under this Agreement shall be deemed to be reduced to such Percent of Offering amount.

  • Notwithstanding the foregoing, if the sum of (a) the Merger Shares to be delivered to USREHAG, (b) the Purchase Shares, if any, (c) the Minimum IPO Shares (as defined in the Merger Agreement), if any, deliverable to Purchaser at the closing of the IPO and (d) the Fund V Shares (as defined in the Merger Agreement), collectively, would not satisfy the 5% Ownership Condition (as defined in the Merger Agreement), then Purchaser shall have no obligation to purchase the Purchase Shares hereunder.

  • American Ski has successfully completed its initial public offering, the gross proceeds of which are equal to or greater than the Minimum IPO Gross Proceeds.

  • Successful completion of American Ski's initial public offering on terms satisfactory to the Agent and evidence of IPO Gross Proceeds equal to or exceeding the Minimum IPO Gross Proceeds.

  • Notwithstanding the foregoing, no Shortfall Amount will be due by the Seller in the event the product of (x) the Actual Internalization Consideration, multiplied by (y) the highest quoted closing price on a public exchange on which the REIT’s shares are traded during the period commencing as of the Internalization and ending ninety (90) days thereafter exceeds the Minimum IPO Value.

  • On or prior to the Closing Date, the Company shall have consummated the Minimum IPO.

  • As used in this Section 6.1(d), “Maximum Ratio” means 5.5 to 1.0; provided that upon consummation of the Minimum IPO, the Maximum Ratio shall mean 6.0 to 1.0.


More Definitions of Minimum IPO

Minimum IPO the issuance or sale of equity securities by the Borrower in an amount not less than $35,000,000 and pursuant to an initial offering in the public equity markets, the Net Cash Proceeds of which are used to prepay the Loans in accordance with Section 2.7.
Sample 1
Minimum IPO means a Public Offering of the Common Stock after the Date of Grant at the conclusion of which the aggregate price for all shares of Common Stock having been sold to the public in such Public Offering, plus the aggregate offering price for all shares of Common Stock sold in all prior Public Offerings of Common Stock occurring after the Date of Grant, exceeds $50 million.
Sample 1

Related to Minimum IPO

  • Minimum Takedown Threshold shall have the meaning given in Section 2.1.4.

  • Minimum Term means the minimum initial period of service for each Service as shown on the Service Agreement and Order Schedule, such period to start on the date on which the relevant Service is first made available to you for use. For the avoidance of doubt, unless otherwise agreed the minimum term will be 12 months from your contract commencement date or other such date as may be notified to you in accordance with paragraph 19.2.

  • Minimum Threshold means the average daily yield on the 10 Year Treasury Note (as reported in the Bloomberg GT10 index) over the Award Period.

  • Minimum DSCR means, with respect to a Supplemental Loan, (i) if the Senior Indebtedness bears interest at a fixed rate, 1.25:1, or (ii) if the Senior Indebtedness bears interest at a floating rate, 1.10:1.

  • Minimum Period means the minimum period for the Service, the initial term of which is set out on the Front Sheet and which starts on the Service Start Date; the minimum period may be renewed on agreement between you and us from time to time for further minimum periods for the same length as, or different to, the initial term.

  • Minimum Net Worth means, for any Fiscal Quarter, the minimum Consolidated Net Worth required to be maintained by the Parent as of the end of such Fiscal Quarter pursuant to Section 6.12.

  • Minimum capital or "minimum required capital" means the capital that must be constantly maintained by a stock insurance corporation as required by statute.

  • Minimum Equity Amount shall have the meaning provided in the recitals to this Agreement.

  • VWAP Minimum Price Threshold means, with respect to any particular VWAP Purchase Notice, the Sale Price on the VWAP Purchase Date equal to the greater of (i) 80% of the Closing Sale Price on the Business Day immediately preceding the VWAP Purchase Date or (ii) such higher price as set forth by the Company in the VWAP Purchase Notice.

  • Run-Out Period means a period after the close of a Plan Year or other period during which Participants in a flexible spending arrangement (FSA) may request reimbursement for expenses incurred during the Period of Coverage.

  • Minimum Amount means the Minimum Amount as specified in § 1 of the Product and Underlying Data.

  • Minimum Investment means an investment in the project of at least two and one‑half million dollars within the investment period. If a county has an average annual unemployment rate of at least twice the state average during the last twenty‑four month period based on data available on the most recent November first, the minimum investment is one million dollars. The department shall designate these reduced investment counties by December thirty‑first of each year using data from the South Carolina Department of Employment and Workforce and the United States Department of Commerce. The designations are effective for a sponsor whose fee agreement is signed in the calendar year following the county designation. For all purposes of this chapter, the minimum investment may include amounts expended by a sponsor or sponsor affiliate as a nonresponsible party in a voluntary cleanup contract on the property pursuant to Article 7, Chapter 56, Title 44, the Brownfields Voluntary Cleanup Program, if the Department of Health and Environmental Control certifies completion of the cleanup. If the amounts under the Brownfields Voluntary Cleanup Program equal at least one million dollars, the investment threshold requirement of this chapter is deemed to have been met.

  • Minimum Cash Amount shall have the meaning set forth in Section 6.2(iv).

  • Minimum Necessary means the least amount of PHI necessary to accomplish the purpose for which the PHI is needed.

  • Minimum Offering means the number Shares so designated on Exhibit A hereto.

  • Minimum Price shall have the meaning set forth in Section 7.2(b)(ii).

  • Minimum Capital Requirement means the Minimum Capital Requirement, the minimum group Solvency Capital Requirement or other minimum capital requirements (as applicable) referred to in the Relevant Rules;

  • Minimum Quarterly Distribution means $0.35 per Unit per Quarter (or with respect to the period commencing on the Closing Date and ending on September 30, 2005, it means the product of $0.35 multiplied by a fraction of which the numerator is the number of days in such period and of which the denominator is 92), subject to adjustment in accordance with Section 6.6 and Section 6.9.

  • Maximum Put Amount means the lesser of (i) Two Hundred Fifty Thousand Dollars ($250,000), or (ii) Two Hundred Fifty percent (250%) of the average of the Dollar Volume for the twenty (20) Trading Days immediately preceding the Put Date.

  • Maximum Program Amount means Common Shares with an aggregate Sales Price of the lesser of (a) the number or dollar amount of Common Shares registered under the effective Registration Statement (defined below) pursuant to which the offering is being made, (b) the number of authorized but unissued Common Shares (less Common Shares issuable upon exercise, conversion or exchange of any outstanding securities of the Company or otherwise reserved from the Company’s authorized capital stock), (c) the number or dollar amount of Common Shares permitted to be sold under Form S-3 (including General Instruction I.B.6 thereof, if applicable), or (d) the number or dollar amount of Common Shares for which the Company has filed a Prospectus (defined below).

  • Minimum Holding means the minimum number or value of Shares which must be held by Shareholders as specified in the relevant Supplement.

  • Threshold Period shall have the meaning set forth in Section 6(d).