Financing Round definition

Financing Round a subscription for equity in the Company by one or more persons raising an aggregate of at least £[●] (excluding the Aggregate Advance Subscriptions), which amount can be raised in one or in a series of fundraisings on or before the Longstop Date;3

Financing Round shall have the meaning assigned to that term in Section 1.10.

Financing Round means an increase of the corporate capital of the COMPANY by the issuance of new Stock. For the purpose of this Plan, a Financing Round only qualifies as such in case the amount invested by new or existing shareholders equals or exceeds CHF 500’000. For the avoidance of doubt, a capital increase by setting off outstanding liabilities of the COMPANY, or the conversion of any convertible securities of the COMPANY or any other cashless increase of the corporate capital will not be treated as a Financing Round in the meaning of this Plan. The Administrator is authorized to expand the definition of a “Financing Round” in favour of the BENEFICIARY.

Examples of Financing Round in a sentence

• Any changes in Employee's Yearly Gross Salary after such 2nd Financing Round shall be in the sole discretion of the Company's Board of Directors.

• The notes convert at the offering price of such financing.Certain of the notes entitled the holders to receive either a 10% or 20% discount on the conversion price if the notes were converted in connection with a Financing Round prior to the maturity date.

• The Company and the Founders hereby covenant and undertake that in Next Financing Round, the Company and the Founders shall ensure the redemption of the Subscription Shares irrespective of any restrictions placed by the investing Third Party.

• The Financing Conversion Amount shall be converted into equity securities of the Company upon and simultaneously with a first subsequent financing round of the Company ("Subsequent Financing Round").

• Within a period of 15 (Fifteen) days from the Redemption Trigger Date (“Subscription Shares Exit Period”), the Company and the Founders will use their commercially reasonable best-efforts to undergo a Next Financing Round and provide KAS an exit option with respect to its Subscription Shares in the form of redemption of the Subscription Shares against the payment of Redemption Amount as mentioned in Clause 8.1, within 30 (Thirty) Business Days of the completion of Next Financing Round by the Company.

More Definitions of Financing Round

Financing Round means the closing by the Corporation of a bona fide sale of securities in a single transaction or a series of related transactions in conformity with the terms of this Agreement and the Certificate (including receipt of any required approvals of the Investors provided for herein and/or therein) and which results in gross proceeds to the Corporation of at least $25,000,000.

Financing Round means an equity investment in the Company completed through issuance of ADSs in a public offering or a bona fide private financing (within the meaning of New York Stock Exchange Rule 312.04(g)) to which third party investors would subscribe to, on or before the Maturity Date. Interest has the meaning ascribed to it under Article 3 below. Loan has the meaning ascribed to it under Recital (B) above. New ADSs has the meaning ascribed to it under Article 6 below. Note has the meaning ascribed to it under Recital (C) above. Note Purchase Agreement has the meaning ascribed to it under Recital (C) above. Material Adverse Effect means a material adverse effect on (a) the business, assets, management, operations or financial condition of the Company or of the Company and its subsidiaries taken as whole; or (b) the ability of the Company to perform its obligations under this Agreement; or (c) the validity, enforceability of, or the effectiveness or ranking of the rights or remedies of the Lender under this Agreement. Maturity Date has the meaning ascribed to it under Article 4 below.

Financing Round means a subscription for shares in the Company by one ormore investors in a bona fide financing round under which the Company raises in aggregate at least £2,000,000 (or such lower amount as may be determined by the Subscriber in writing) excluding the Advance Subscription Funds;

Financing Round means the next issuance of shares of the Company in which the Company receives equity proceeds from new investments (not including the conversion of the Loan or other loans) by the shareholders of the Company and/or new investors (the "FR Investors").

Financing Round. (as set forth in this sample agreement) is defined as the contribution of "real" equity proceeds to the company by an investor (external investor or existing shareholder) against issuance of shares (by capital increase or share transfer). Equity-like or mezzanine investments (like convertible loans) are usually not included under the term "financing round" and therefore do not trigger the conversion of the loan.

Financing Round means any form of equity financing in the capital stock of the Company, including in the form of: (i) convertible notes and/or SAFE instruments; or (ii) reverse merger with a shell company provided that an amount of at least $2,000,000 is made available for operational purposes in the shell company at the closing of such reverse merger or subsequently raised by the shell company, but excluding, for the avoidance of doubt, any form of non-convertible debt, grants and like payments. A Qualified Financing may occur in several phases that accumulate to at least $2,000,000. In addition, separate series of financing rounds that occur in the same 12-month period will be considered a Qualified Financing as long as they accumulate to at least $2,000,000.

Financing Round means any transaction or series of related transactions in which the Company issues equity securities in return for an aggregate consideration, of not less than US$1,000,000 (excluding the Loan Amount).