Aggregate Funding Amount definition
Examples of Aggregate Funding Amount in a sentence
Subject to the terms and conditions of this Agreement, the Funder shall pay to the Company a portion of the Aggregate Funding Amount, as set forth in Exhibit A hereto (each, an “Installment Funding Amount”), on such dates and subject to the achievement of the applicable milestones associated with each such Installment Funding Amount, as set forth in Exhibit A hereto (each such payment date, an “Installment Date”).
Each Purchase Notice will identify: (i) the Aggregate Funding Amount (and each Purchaser Group Funding Amount forming part thereof if there is more than one Purchaser Group) for such Purchase; (ii) the requested Purchase Date; and (iii) the pro forma calculation of the Capital Coverage Amount on the Purchase Date after giving effect to such Purchase, and showing that such Capital Coverage Amount equals or exceeds the Aggregate Capital at such time after giving effect to such Purchase.
Notwithstanding anything to the contrary set forth in Section of the RPA (but subject to all other terms and conditions the rein set forth), on the Joinder Date, the Aggregate Funding Amount shall be funded solely by the Joining Conduit Purchaser or the Joining Committed Purchaser, as the case may be, and not by any Purchaser in the CACIB Purchaser Group.
In the event that the Indicative Net Working Capital is less than $7,000,000 ("Target Net Working Capital"), the Aggregate Funding Amount shall be decreased by the amount of such shortfall and the Aggregate Merger Consideration shall be adjusted accordingly.
On the Purchase Date of each Purchase, subject to the terms and conditions herein set forth, upon satisfaction of the conditions precedent set forth in Exhibit II, each applicable Purchaser shall make available to the Seller in same day funds an amount equal to the portion of Aggregate Funding Amount to be funded by such Purchaser as determined pursuant to Section 1.1(a).
Upon satisfaction of the conditions set forth in Sections 3.2(a) and 3.2(b) above, the Aggregate Funding Amount shall be distributed from Escrow against delivery of certificates representing the Shares and Warrants, substantially in the form attached as Exhibit D to the Private Placement Term Sheet with Exhibits (the "PRIVATE PLACEMENT MATERIALS") to which a form of this Agreement is attached as Exhibit F, pursuant to the terms of the Escrow Agreement and this Agreement (the "CLOSING").
Each occurrence of the bracketed term "Price Per Share" in such Certificate of Designation shall be completed using the quotient of (i) the "Aggregate Funding Amount" following the most recent "Funding Date" at which funds were provided, each determined using the table in Section 5.13(a), divided by (ii) the aggregate number of shares of Series C Preferred required to permit conversion of such Convertible Promissory Notes in accordance with their terms.