Opium poppy means the plant of the species Papaver somniferum L., except its seeds.
Current placement episode means the period of time that
Sale Notice has the meaning set forth in Section 9.18(b).
First Closing Date shall refer to the time and date of delivery of certificates for the Firm Shares and such Optional Shares). Any such time and date of delivery, if subsequent to the First Closing Date, is called an “Option Closing Date,” shall be determined by the Representatives and shall not be earlier than three or later than five full business days after delivery of such notice of exercise. If any Optional Shares are to be purchased, each Underwriter agrees, severally and not jointly, to purchase the number of Optional Shares (subject to such adjustments to eliminate fractional shares as the Representatives may determine) that bears the same proportion to the total number of Optional Shares to be purchased as the number of Firm Shares set forth on Schedule A opposite the name of such Underwriter bears to the total number of Firm Shares. The Representatives may cancel the option at any time prior to its expiration by giving written notice of such cancellation to the Company.
Initial Closing shall have the meaning ascribed to such term in Section 2.1.
Option Closing Date shall have the meaning ascribed to such term in Section 2.2(c).
Equity Financing means the next sale (or series of related sales) by the Company of its Equity Securities to one or more third parties following the date of this instrument from which the Company receives gross proceeds of not less than $1,000,000 cash or cash equivalent (excluding the conversion of any instruments convertible into or exercisable or exchangeable for Capital Stock, such as SAFEs or convertible promissory notes) with the principal purpose of raising capital.
Initial Closing Date shall have the meaning assigned to such term in Section 1.2 hereof.
Second Closing Date means the date of the Second Closing.
Last best offer package means the offer exchanged by parties not less than 14 days prior
Term SOFR Replacement Date has the meaning specified in Section 3.03(b).