Initial Funding Period definition
Examples of Initial Funding Period in a sentence
If a Liquidation Event occurs (or a binding agreement regarding a Liquidation Event is entered into) prior to (he expiration of the Series E Initial Funding Period, the Series E-2 Liquidation Preference shall rank junior to the Series E-l Liquidation Preference.
If a Liquidation Event does not occur (and a binding agreement regarding a Liquidation Event is not entered into) prior to the expiration of the Series E Initial Funding Period, the Series E-2 Liquidation Preference shall be paid on a pari passu basis with the Series E-l Liquidation Preference.
If a Liquidation Event does not occur (and a binding agreement regarding a Liquidation Event is not entered into) prior to the expiration of the Series E Initial Funding Period, the Series E-l Liquidation Preference shall be paid on a pari passu basis with the Series E-2 Liquidation Preference.
All cash on hand on the First Funding (excluding cash provided by the First Funding) and all proceeds received from the collection of receivables or liquation of assets (collectively, the “Residual Cash”) from the date hereof through the last day of the Initial Funding Period, or the Extended Funding Period if applicable, shall be applied to support operations of the “home security monitoring” and “smart home” business and to settle debt of the Company.
In the Initial Funding Period, ISC shall provide $134.8 million for post-majority support services to support First Nations youth aging out of care and young adults formerly in care in the transition to adulthood and independence.