Post CoC IPO Sample Clauses

The "Post CoC IPO" clause outlines the rights and obligations of parties following a Change of Control (CoC) event that results in an Initial Public Offering (IPO). Typically, this clause specifies how shares, options, or other equity interests are to be treated for existing stakeholders after the company undergoes both a change in control and subsequently becomes publicly listed. For example, it may address lock-up periods, conversion of preferred shares, or the distribution of proceeds. The core function of this clause is to provide clarity and predictability for stakeholders regarding their interests and rights in the event that a company experiences both a change in control and an IPO, thereby reducing uncertainty and potential disputes.
Post CoC IPO. The CoC Acquirer shall, on a best effort basis, ensure that the Company undertakes an IPO (“Post CoC IPO”) on or before the expiry of 30 (thirty) months from consummation of the CoC Transaction (“Post CoC IPO Period”). A Bulge Bracket Banker shall be appointed as the lead merchant banker to conduct the listing and act as the book running lead manager for the IPO of the Company. In any such IPO, Creador and SFL shall not be designated as the "promoter" of Company and the CoC Acquirer shall be designated as the "promoter" of Company and will contribute towards the “minimum promoter shareholding”, if required under applicable Law. If IPO includes an offer for sale portion each of the Shareholders, except the CoC Acquirer shall be entitled to offer up to all of their Shares in the Company on a proportionate basis. Except as provided above, the remaining terms of the IPO (including the offer for sale portion) shall, to the extent applicable and not inconsistent with the terms of this Clause 5.11, be similar to the terms set out in Clauses 6.1(c), 6.1(e), 6.1(g), 6.1(h) and 6.2.
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Related to Post CoC IPO

  • IPO The IPO, in such form and substance as the REIT, in its sole and absolute discretion, shall have determined to be acceptable, shall have been completed (or be completed simultaneously with the Closing).

  • Effective Date of Dissolution Any dissolution of the Company shall be effective as of the date on which the event occurs giving rise to such dissolution, but the Company shall not terminate unless and until all its affairs have been wound up and its assets distributed in accordance with the provisions of the Act and the Certificate is cancelled.

  • Effective Date Duration and Renewal This Agreement shall become effective as of May 1, 2010. Unless terminated as provided in Section 14 below, this Agreement shall continue in effect as to each Fund until July 31, 2011 and thereafter from year to year only so long as such continuance is specifically approved at least annually (a) by a majority of those trustees who are not interested persons of CAT or of Columbia WAM, voting in person at a meeting called for the purpose of voting on such approval, and (b) by either the Board or vote of the holders of a “majority of the outstanding shares” of that Fund (which term as used throughout this Agreement shall be construed in accordance with the definition of “vote of a majority of the outstanding voting securities of a company” in Section 2(a)(42) of the 1940 Act).

  • Termination Following a Change of Control If the Employee's employment terminates at any time within eighteen (18) months following a Change of Control, then, subject to Section 5, the Employee shall be entitled to receive the following severance benefits:

  • Termination Following a Change in Control (a) In the event of the occurrence of a Change in Control, the Executive's employment may be terminated by the Company or a Subsidiary during the Severance Period and the Executive shall be entitled to the benefits provided by Section 4 unless such termination is the result of the occurrence of one or more of the following events: (i) The Executive's death; (ii) If the Executive becomes permanently disabled within the meaning of, and begins actually to receive disability benefits pursuant to, the long-term disability plan in effect for, or applicable to, Executive immediately prior to the Change in Control; or