Financing Purchase Price definition
Examples of Financing Purchase Price in a sentence
Immediately upon the closing of the Qualified Financing (as defined below) consummated on or prior to the Maturity Date, the entire Balance then outstanding under this Convertible Note shall be automatically converted into that number of units of the security or securities sold in the Qualified Financing as is equal to the Conversion Amount (as defined below) divided by the Equity Financing Purchase Price (as defined below).
The Company shall deliver to Investor notice of the Qualified Financing prior to the closing of the Qualified Financing, notifying the Investor of the conversion to be effected, including (i) the Conversion Amount (calculated as of the anticipated date of the closing of the Equity Financing), (ii) the Equity Financing Purchase Price and (iii) the anticipated date of the closing of the Equity Financing.
For purposes of this Convertible Note, the term Equity Financing Purchase Price shall mean an amount equal to the per unit purchase price paid by those investors participating in that investment round which caused the minimum offering amount of the Qualified Financing to be met.
Borrower shall deliver to Lender notice of the Qualified Financing as soon as practicable, but in any event no fewer than five (5) days prior to the scheduled closing date of the Qualified Financing, notifying the Lender of the conversion to be effected, including specifying (i) the Conversion Amount (calculated as of the Conversion Date), (ii) the Qualified Financing Purchase Price and (iii) the Conversion Date (as defined below).
Payment of the Financing Purchase Price for the Subsequent Equity Financing Shares shall be made against delivery to UCB (or any of its designated UCB Subsidiaries) of the Subsequent Equity Financing Shares, which shares shall be certificated and delivered to UCB (or any of its designated UCB Subsidiaries) promptly following the closing of the Qualified Equity Financing, Triggering Financing or Third Financing, as applicable.
Payment of the Financing Purchase Price for the Initial Investment Shares shall be made against delivery to UCB of the Initial Investment Shares, which shares shall be certificated and delivered to UCB promptly following the closing of the Initial Equity Financing.
The parties agree that if by June 28, 2005 LVSG has not provided a minimum of $140,000 of the Financing Purchase Price that the Company will have the right to seek third party financing to acquire the pro-rated balance of the Financing Purchase Shares from LVSG that LVSG has not forwarded the subsequent pro-rated Financing Purchase Price to the Company up to the date of the Deficient Payments Notice.
LVSG will have the right to maintain its rights to the Financing Purchase Shares by advancing to the Company the amount equal to the Financing Purchase Price it should have made at the time of receipt of the Deficient Payment Notice plus the early advancement of the next payment as per the Financing Schedule within 15 days of the receipt of the Deficient Payments Notice.
GBBI will have the right to sell to a third party the prorated portion of the Financing Purchase Shares issued to LVSG that LVSG has not forwarded the respective Financing Purchase Price for.
For purposes of this Note, the term Qualified Financing Purchase Price shall mean an amount equal to the lowest per share purchase price at which shares of the New Equity Securities are or have been sold in the Qualified Financing as of the date of the conversion of this Note into such New Equity Securities.