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.
Appears in 3 contracts
Samples: Securities Purchase Agreement (Creative Medical Technology Holdings, Inc.), Securities Purchase Agreement (Players Network), Securities Purchase Agreement (Sincerity Applied Materials Holdings Corp.)
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 $100,000.00200,000.00, 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.
Appears in 1 contract
Samples: Securities Purchase Agreement (Greenwood Hall, Inc.)
