Liquidity Time

Liquidity Time. Means the earlier of the time: (i) which is 90 days after an IPO; (ii) which is immediately prior to the closing of an amalgamation, consolidation or merger of, the Corporation with any corporation, partnership, joint venture or firm where the Corporation is not the continuing Corporation or pursuant to which the holders of capital stock of the Corporation immediately prior to such merger, consolidation or amalgamation have,... directly or indirectly, less than 80% in voting power of the capital stock of the continuing or surviving corporation immediately after such transaction; (iii) which is immediately prior to the closing of a transaction pursuant to which all of the Common Shares are sold to one or more arm's length third parties pursuant to Article 7 of the Unanimous Shareholders' Agreement or the sale of all or substantially all of the assets of the Corporation to one or more arm's length third parties; and (iv) which the Unanimous Shareholders' Agreement is terminated; View More