Gross Proceeds Raised definition
Examples of Gross Proceeds Raised in a sentence
Five-year warrants to acquire at no cost, with cashless exercise provisions, a number of shares or other equity equal to Three Percent (3%) of the Gross Proceeds Raised in the Offering.
The Company agrees that immediately upon the closing of a sale of the Securities the Placement Agent will be compensated for sales of securities the Placement Agent has actually arranged and that have been collected (Gross Proceeds Raised").
Gross Proceeds Raised shall include both cash and any securities, debt, or the cancellation of debt included as part of a capital transaction, payable substantially contemporaneously with the closing of the capital transaction.
Auspicium or its principal will be additionally compensated for all its services rendered pursuant to Section 1B, through: o the issuance to Auspicium, on January 2, 2009 of a grant of two million shares(2,000,000)of restricted common stock pursuant to the Restricted Stock Grant Agreement, dated as of January 2, 2009, between PPTI and Auspicium; and o Compensation equal to 3% of "Gross Proceeds Raised" as part of the planned capital transaction between the company and outside investors and / or lenders.
Provided, further, that Organization Expenses and Offering Expenses incurred by the Adviser and its affiliates, and accrued as an amount due to Adviser by the Company, shall be paid only to the extent that such expenses do not exceed 1.5% of Gross Proceeds Raised.