Capital Raise. Within one (1) business day after the closing of a transaction or series of transaction resulting in a capital raise of at least $100,000.00, the Company shall pay to the Purchasers, pro rata to the principal amount of their Notes outstanding at the time of such closing, 25% of the gross proceeds as a payment toward amount due on the Notes.
Capital Raise. The Company shall file within 14 days of the Closing Date a registration statement with the Commission for a public offering, and pursue and consummate a financing transaction within 90 days of the Closing Date, the proceeds of which shall be used as set forth in the Registration Statement (including to repay the Principal Amount).
Capital Raise. (a) Prior to the Closing, Sugarmade shall raise gross proceeds of not less than $2,000,000 through the private placement of common stock and warrants to purchase common stock (the “Capital Raise”).
Capital Raise. (i) The Company shall have received up to $5,000,000 in proceeds from the Incremental Equity Issuance by no later than January 31, 2023; (ii) the Collateral Agent shall have received evidence of the proceeds actually received from the Incremental Equity Issuance; and (iii) the Company shall have delivered executed versions of all definitive documentation consummated in connection with the Incremental Equity Issuance in advance of the Second Closing Date and in form and substance reasonably satisfactory to the Collateral Agent.
Capital Raise. A signed purchase agreement(s) shall have been received to purchase shares of FPM Common Stock and warrants to purchase shares of FPM Common Stock in the Capital Raise, representing gross proceeds of not less than $1,500,000, including the conversion of the Bridge Notes and the Accrued Compensation, with the gross cash proceeds having been fully funded into an escrow account established for the Capital Raise the release of which to FPM is conditioned only upon the Closing of the Merger and subject to the conditions of Section 6.11 hereof, and FPM’s acceptance of such agreement simultaneous to or after the Closing. The Securities Purchase Agreement and all other agreements, documents and instruments contemplated by the Securities Purchase Agreement shall have been executed and delivered, as provided therein.
Capital Raise. A signed purchase agreement(s) shall have been received to purchase shares of FPM Common Stock, Series A Preferred Stock and warrants to purchase shares of FPM Common Stock, in a private placement offering exempt from registration under the Securities Act pursuant to Regulation D promulgated thereunder and otherwise pursuant to the terms outlined on Exhibit A (“Capital Raise”), representing gross proceeds of not less than $1,500,000, including the conversion of Senior Promissory Bridge Notes in the aggregate principal amount of up to $1,000,000, issued by FPI from May 2010 through the Closing of the Merger (the “Bridge Notes”) and the conversion of certain outstanding accrued compensation owed by FPM (the “Accrued Compensation”), with the gross cash proceeds having been fully funded into an escrow account established for the Capital Raise the release of which to FPM is conditioned only upon the Closing of the Merger, and FPM’s acceptance of such agreement simultaneous to or after the Closing. The Securities Purchase Agreement executed and delivered in connection with the Capital Raise shall be substantially in the form attached hereto as Exhibit B (the “Securities Purchase Agreement”), and all other agreements, documents and instruments contemplated by the Securities Purchase Agreement shall have been executed and delivered, as provided therein.
Capital Raise. A signed purchase agreement(s) shall have been received to purchase shares of Nexus Common Stock, upon such terms and conditions that are acceptable to NBPC.
Capital Raise. Between the date hereof and January 29, 2016, Lilis agrees to take all such actions necessary and desirable in order to: (i) raise at least $15,000,000 (inclusive of the Refundable Deposit) (the “Capital Raise”) and (ii) use the proceeds from the Capital Raise to repay the Independent Bank Debt no later than January 29, 2016.
Capital Raise. Buyer commits to raising ONE HUNDRED MILLION DOLLARS ($100,000,000) in financing for the Saint Jxxxx Xxxxxxx and Investment Company Self-Sustaining Intentional Communities Coin (“SJT Coin”) vxx X-0 Registration Statement, IPO, or any other alternative financing method available to the company (as defined herein).
Capital Raise. By no later than January 31, 2011, Buyer shall have secured sufficient capital to: (a) pay the balance of the Purchase Price due from Buyer at Closing in cash; and (b) purchase or replace all reserves and escrows held pursuant to the Loan; if Buyer is unable to secure sufficient capital to satisfy this condition by the date herein stated, Buyer shall not be in default under this Agreement, but in such event, Buyer shall give Seller notice of such failure not later than said date, in which event this Agreement shall terminate, the Deposit shall be returned to Buyer, and Buyer shall have no further interest in the Property; provided, Buyer shall have the right to waive this condition, which Buyer shall be deemed to have done if Buyer does not give notice and terminate this Agreement as stated above in this Subsection. If Buyer waives this condition but then is unable to close due to failure to raise sufficient capital in time for Closing by the Scheduled Closing Date, provided the failure to close is not also due in any part to a Seller default, Buyer shall be deemed to be in default, and Seller shall have the remedy provided under Section 15.2.
