Equity Event. Provide evidence to Agent, on or prior to March 31, 2009, that the Equity Event has occurred by such date.” and inserting in lieu thereof the following:
Equity Event. For purposes of this Warrant, an "equity event" shall ------------ mean the receipt by the Company of aggregate cash proceeds of at least $1,000,000 from the sale of its capital stock or subordinated debt, other than in a nonfinancing transaction to employees, officers, directors or consultants of the Company.
Equity Event. (a) On or before December 31, 2012, Borrower shall deliver to Bank a fully executed term sheet from investors acceptable to Bank with respect to an equity or convertible subordinated note financing providing Borrower with cash proceeds of at least $8,000,000, on terms reasonably acceptable to Bank (“Investor Financing”).
Equity Event. Confirmation by Agent that the Equity Event has occurred.
Equity Event. The Equity Event must occur on or before February 29, 2000. For purposes of this credit facility, the "Equity Event" is defined as the earlier to occur of, (i) the successful completion of the initial public offering of the common shares of the capital stock of Borrower or (ii) the successful sale of Series D preferred stock of Borrower, in each case that shall yield gross proceeds of not less than $25,000,000.
Equity Event. Borrower shall provide evidence to Bank by no later than June 30, 2018 of Borrower’s receipt of not less than Seven Million Dollars ($7,000,000) of cash proceeds from the sale of Borrower’s equity securities on terms reasonably satisfactory to Bank.
Equity Event. Borrower shall consummate the Equity Event by no later than September 30, 2009.”
Equity Event. The Borrower shall receive net cash proceeds (not subject to any clawback, redemption, escrow or similar contractual restriction), before transaction costs and fees, from the issuance and sale by Borrower of its preferred or common stock or Subordinated Debt, in each case, to investors and on terms and conditions acceptable to Lender (collectively, the “Equity Event”), in the minimum amounts of: (i) at least $9,000,000 in aggregate, after March 1, 2018 and prior to the First Amendment Effective Date; and (ii) at least $15,000,000 in aggregate (inclusive of the $9,000,000 referenced in this Section 3(a)(i)), after March 1, 2018 and prior to October 1, 2018; provided however that if Borrower has not received at least $15,000,000 in aggregate net proceeds from the Equity Event on or before October 1, 2018, then the Interest Only Period will automatically terminate on December 1, 2018, and the Amortization Period will commence on January 1, 2019.
Equity Event. The Borrower shall receive net cash proceeds (not subject to any clawback, redemption, escrow or similar contractual restriction), before transaction costs and fees, from the issuance and sale by Borrower of its preferred or common stock or Subordinated Debt, in each case, to investors and on terms and conditions acceptable to Lender, in the minimum amounts of at least $11,950,000 in aggregate, after August 1, 2018 and prior to the Second Amendment Effective Date.
Equity Event. Borrower shall have consummated the Equity Event by April 8, 2013.”
