Common use of Funding Milestone Clause in Contracts

Funding Milestone. Borrower shall receive, after October 15, 2017 but on or before November 15, 2017, Cash proceeds of at least $15,000,000, less reasonable transaction costs not to exceed $500,000, from the sale or issuance of Borrower’s equity or Subordinated Debt securities.

Funding Milestone. Borrower shall receive, after October 15, 2017 but on or before November 15December 31, 2017, Cash proceeds of at least $15,000,00012,500,000, less reasonable transaction costs not to exceed $500,000, from the sale or issuance of Borrower’s equity or Subordinated Debt securities.

Funding Milestone. Borrower shall receive, after October 15May 31, 2017 but on or before November 15June 30, 2017, Cash proceeds of at least $15,000,00010,000,000, less reasonable transaction costs not to exceed $500,000380,000, from the sale or issuance of Borrower’s equity or Subordinated Debt securities.