Warburg Exit Percentage

Warburg Exit Percentage. Means: (i) in the case of a Liquidity Event, a percentage equal to 100 multiplied by the quotient of (A) the aggregate amount of equity securities of the Company that the Warburg Investors sell in connection with such Liquidity Event (determined on a fully diluted basis), divided by (B) the aggregate amount of equity securities of the Company acquired by the Warburg Investors on the Closing, in each case, as adjusted for changes in capitalization;... and (ii) in the case of a Change in Control, 100% less the sum of each Warburg Exit Percentage applicable to any Liquidity Event occurring prior to such Change in Control. View More