Funding Event definition

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 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, Xxxxx’x 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 the occurrence of any of the following events as administratively determined by the Southern Committee:

Examples of Funding Event in a sentence

• At such Funding Event, the sale and issuance by the Note Obligors, and the purchase by such Investor, of the Notes and Warrants shall be legally permitted by all laws and regulations to which such Investor or the Note Obligors are subject.

• Each Issuer Party shall have duly executed and delivered to the Investors and, if applicable, the Collateral Agent, the Notes Agent or the Warrant Agent, the following documents to which it is a party: (A) the Security Agreement; (B) the Warrant Agreement; (C) a Funding Notice in the time period specified in Section 1(ef); (D) each Note to be issued hereunder at such Funding Event; (E) each Warrant to be issued hereunder.

• On the date of the First Funding Event, Parent will execute and deliver to the Warrant Agent the Warrant Agreement in the form attached hereto as Exhibit B (the “Warrant Agreement”) and issue to each Investor a warrant certificate, in the form of Exhibit A to the Warrant Agreement (each, a “Warrant” and, collectively, the “Warrants”), to purchase up to a number of shares of Common Stock of Parent set forth opposite each Investor’s name on Schedule I hereto.

• A Responsible Officer of the Note Obligors Representative shall deliver to the Investors and Collateral Agent at such Funding Event a certificate certifying that the conditions specified in Section 5(d)(i) and Section 5(d)(ii) have been fulfilled.

• On or prior to the third Business Day following the closing of the Merger Transaction, subject to the terms and conditions of this Agreement, the Note Obligors shall request, as set forth in Section 1(ef), and the Investors shall purchase Notes issued by the Note Obligors in a principal amount equal to not less than 65% and up to 100% of the aggregate Commitments at a Funding Event (the “First Funding Event”) on the date specified in the Funding Notice by the Note Obligors.

More Definitions of Funding Event

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 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 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 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 Company or the Parent, or both collectively, raise $4,000,000 or more gross through the sale of their equity securities.

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, Moody's Investor Service, Inc. or Fitch Ratings, Ltd. during the period beginning on and including the date of this Agreement and ending on and including the Rating Decline Date of Determination.