Equity Event definition

Equity Event is the receipt by Borrower on or after the Effective Date of unrestricted net cash proceeds of not less than Forty Million Dollars ($40,000,000.00) from the issuance and sale by Borrower of its equity securities, on or before March 31, 2016 and the receipt of evidence thereof by Collateral Agent on or before such date, which evidence must be reasonably acceptable to Collateral Agent.

Equity Event is the receipt by Borrower on or after the February 1, 2013 of unrestricted net cash proceeds of not less than Four Million Dollars ($4,000,000.00) from the issuance and sale by Borrower of its equity securities.

Equity Event means (a) the contribution in cash of capital (x) to the Borrower by any Person or (y) to any Significant Subsidiary (other than an Excluded Subsidiary) by any Person other than the Borrower or a Wholly-Owned Subsidiary of the Borrower, or (b) any issuance of Equity Interests (x) by the Borrower to any Person or (y) by any Significant Subsidiary (other than an Excluded Subsidiary) to any Person other than the Borrower or a Wholly-Owned Subsidiary of the Borrower.

Examples of Equity Event in a sentence

Borrower shall pay to Bank a modification fee equal to Fifty Thousand Dollars ($50,000.00), which fee shall be deemed fully earned as of the date hereof and shall be due and payable upon the earliest of (a) the occurrence of the 2009 Equity Event, (b) March 15, 2009, and (c) the occurrence of an Event of Default.
By the end of 2016, several more categories join the “majority missing from public data” set — specifically, Equity, Event Driven, and Relative Value.
In addition, until such time as the Equity Event shall have occurred, the Offer Loan Commitments shall be automatically reduced by an amount equal to the net proceeds of any issuance or disposition or any payment to TUC, in each case described in Section 2.11(d), with such reduction to be effective on the later to occur of the date of such issuance, sale or payment, as the case may be, and the date specified under Section 2.11(d) for any related prepayment or repayment of the Offer Loans.
Bank hereby agrees to waive the Existing Default, provided no default other than the Existing Default has occurred or is continuing, upon the occurrence of the 2009 Equity Event.
Compliance with this covenant may be additionally extended beyond January 31, 2000 if equity or subordinated debt over the sum of the $12,000,000 (Equity Event plus Five Million Dollars) is obtained by Borrower.

Equity Event is the receipt by Borrower after the Effective Date of unrestricted net cash proceeds of not less than Sixty-Five Million Dollars ($65,000,000.00) pursuant to an initial public offering of equity securities of Borrower.

Equity Event means the receipt by Borrower, after the Effective Date and prior to June 30, 2011, of aggregate unrestricted net cash proceeds of at least Twenty Five Million Dollars ($25,000,000.00) from one or more closings of the issuance and sale of Borrower’s equity securities.

Equity Event means, with respect to a Person, any sale or issuance of such Person’s securities for financing purposes (whether in a private placement, registered offering or otherwise).

Equity Event means the receipt by Borrower on or after February 20, 2013 of at least Forty Million Dollars ($40,000,000) in net cash proceeds from the sale of Borrower’s equity securities to investors reasonably acceptable to Bank and the incurrence of debt from OrbiMed pursuant to the OrbiMed Loan Documents, in each case, on terms and conditions reasonably acceptable to Bank.

Equity Event means (a) the contribution in cash of capital

Equity Event is the receipt by Borrower, after the 2009 Effective Date but on or before March 31, 2009, of unrestricted net cash proceeds to Borrower of at least Fifty Million Dollars ($50,000,000.00) from the closing of an equity round of financing."

Equity Event means the closing and completion of a private placement of common or preferred stock of the Borrower or equity securities convertible into preferred or common stock of the Borrower, as the case may be, to professional or institutional investors or other investors who may lawfully purchase such securities, including, but not limited to, then existing owners of the Borrower's equity securities, resulting in any net proceeds to the Borrower upon commercially reasonable terms prevailing in the marketplace at the time and negotiated at arm's length.