Raising Additional Capital Sample Clauses
The Raising Additional Capital clause defines the terms and conditions under which a company may seek and secure new funding beyond its initial capital. Typically, this clause outlines the procedures for issuing new shares or securities, the rights of existing shareholders to participate in new offerings, and any limitations or approvals required before additional capital can be raised. By establishing clear rules for bringing in new investment, this clause helps prevent dilution of existing ownership and ensures transparency and fairness in the capital-raising process.
Raising Additional Capital. Additional capital may be raised by the LLC through sales of new LLC Units pursuant to an affirmative Supermajority Vote in interest of LLC Members, see Section 5.2 above. Any Member resolution authorizing the raising of additional capital through the sale of LLC Units shall state, in reasonable detail, the purposes and uses of such additional capital and the amounts of additional capital required.
Raising Additional Capital. Additional capital may be raised by the PLLC through sales of new PLLC Units pursuant to ah affirmative Vote in Interest of PLLC members, see Section 3.5(c) above. Any Member resolution authorizing the raising of additional capital through the sale of PLLC Units shall state, in reasonable detail, the purposes and uses of such additional capital and the amounts ofadditional capital required.
Raising Additional Capital. One of your other primary duties will be to assist the Company raising the proposed Series B financing and to support this effort through your interaction with prospective investors. Unless the Board of Directors elects to change course and not raise outside capital, the Company needs to raise significant private equity to meet its business objectives with respect to tetrabenazine specifically and with respect to other drugs in the pipeline generally. Accordingly, you will be expected to diligently and earnestly support the capital raising efforts of the Company and to work closely with the Executive Committee, the Board of Directors and other members of the management team to fulfill this objective.