Equity Event A definition
Equity Event A means the sale or issuance by Borrower of convertible notes, on terms and from investors acceptable to Bank, which acceptance shall not be unreasonably withheld, pursuant to which Borrower receives net proceeds in the aggregate amount of at least Five Hundred Thousand Dollars ($500,000), including (for purposes of calculating such amount) Five Hundred Thousand Dollars $500,000 in proceeds received on or about December 11, 2002.