Funding Event definition
Funding Event means on any day, (the “Rating Decline Date of Determination”) BNP Paribas’ long-term credit rating has declined to a level three or more notches below its highest rating by any of Standard & Poor’s Ratings Services, ▇▇▇▇▇’▇ Investor Service, Inc. or Fitch Ratings, Ltd. during the period beginning on and including the Closing Date and ending on and including the Rating Decline Date of Determination.
Funding Event means any transaction or series of transactions closed after the Original Issue Date in which the Obligor raises $2,000,000 or more through the sale of their equity securities or securities exercisable or convertible into equity securities.
Funding Event means the occurrence of any of the following events as administratively determined by the Southern Committee:
Examples of Funding Event in a sentence
For the avoidance of doubt, if on any day, a Funding Event is not occurring, this Agreement has not been terminated and the commitment herein has not otherwise expired, the interest rate shall be the rate specified in Appendix B.
Customer shall pay interest on the outstanding principal amount of each Borrowing from the date of such Borrowing until such principal amount shall be paid in full, at the rates specified on Appendix B attached hereto; provided that, upon the occurrence of a Funding Event Increased Spread Event, PBI may immediately increase the interest rate by an amount equal to the Funding Event Increased Spread.
More Definitions of Funding Event
Funding Event means any transaction or series of transactions closed after the Original Issue Date in which the Obligor raises $7,000,000 or more through the sale of their equity securities or securities exercisable or convertible into equity securities.
Funding Event means that, during the Managed Amortization Period, the aggregate Note Balance of the Variable Pay Revolving Notes has been reduced to zero and the Overcollateralization Amount is at least equal to the Overcollateralization Target Amount.
Funding Event means a Change in Control or a Potential Change in Control.
Funding Event means the closing of a capital raise transaction by the Company that raises $1 million or more of net proceeds for the Company from the issuance of preferred stock, Common Stock or any other security convertible into Common Stock or preferred stock.
Funding Event means any transaction or series of transactions closed after the Original Issue Date in which the Obligor raises $10,000,000 or more through the sale of their equity securities or securities exercisable or convertible into equity securities.
Funding Event means the consummation by the Company or any of its Subsidiaries after the date hereof of (a) any equity or debt financing, or (b) any sale, transfer, license or similar arrangement (including by means of a joint venture) whereby the Company or any of its Subsidiaries sells, transfers, licenses or otherwise grants an interest in any material portion of its assets (including Intellectual Property Rights) to another Person, provided that the consummation of a transaction under Section (a) and/or (b) results in cash proceeds to the Company, net of all costs and expenses, of at least Three Million Five Hundred Thousand Dollars ($3,500,000).
Funding Event means receipt of venture capital, angel funding or any other form of funding in exchange for equity in Licensee in a cumulative amount equal to or in excess of the Funding Event Amount as defined in the Principal Terms & Milestones List.