Common use of Funding Milestone Clause in Contracts

Funding Milestone. Borrower shall receive, after May 31, 2017 but on or before June 30, 2017, Cash proceeds of at least $10,000,000, less reasonable transaction costs not to exceed $380,000, from the sale or issuance of Borrower’s equity or Subordinated Debt securities.

Funding Milestone. Borrower shall receive, after May 31October 15, 2017 but on or before June 30November 15, 2017, Cash proceeds of at least $10,000,00015,000,000, less reasonable transaction costs not to exceed $380,000500,000, from the sale or issuance of Borrower’s equity or Subordinated Debt securities.