Next Equity Round definition

Next Equity Round means the first sale and issuance by the Company after the Effective Date hereof, in a single transaction or series of related transactions, of shares of its convertible preferred stock or other senior equity securities to one or more investors for cash for financing purposes resulting in gross cash proceeds to the Company of at least $10,000,000.
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Next Equity Round means the “Next Equity Round” as defined in the Bridge Note.
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Next Equity Round means the Borrower’s next bona fide round of preferred equity financing with Borrower’s existing investors which results in Borrower receiving net cash proceeds of at least Nineteen Million Five Hundred Thousand Dollars ($19,500,000), and upon Bank confirming the receipt of the same.
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Examples of Next Equity Round in a sentence

  • Subject to the terms and conditions of this Agreement and the closing of the Next Equity Round, during the Supplemental Equipment Draw Period, Bank shall make advances (each, a “Supplemental Equipment Advance” and, collectively, the “Supplemental Equipment Advances”) not exceeding the Supplemental Equipment Line.

  • The Company shall provide written notice to the Warrantholder not less than seven (7) days prior to the anticipated closing of the Next Equity Round, which notice shall state all material terms and conditions thereof and all material rights, powers, preferences and privileges of the Next Equity Round Series (the “Next Equity Round Notice”).

  • The Company covenants that it shall at all times cause to be reserved and kept available out of its authorized and unissued capital stock such number of shares of the Class, common stock and other securities as will be sufficient to permit the exercise in full of this Warrant and the conversion of the Shares into common stock or such other securities; provided, however, that the Company shall not authorize the Next Round Stock unless and until the closing of the Next Equity Round.

  • Borrower promises to pay to Bank the outstanding unpaid principal balance (and all accrued unpaid interest thereon) of the Facility-C Loan Account on the date that is thirty (30) months from the date of closing the Next Equity Round, but in no event later than June 20, 2000 ("Facility-C Maturity Date").

  • In addition, upon issuance of the Conversion Shares, the Company and the recipients of the Conversion Shares shall enter into an agreement providing such Holders with information, registration, participation, rights of first refusal and other rights similar and on par with the rights granted to the investors in the Next Equity Round.

  • Additional antidilution rights applicable to the Preferred Stock purchasable hereunder are (or, in the case of shares of capital stock issuable in the Next Equity Round, will be) as set forth in the Charter and shall be applicable with respect to the Preferred Stock issuable hereunder.

  • Either (a) Series A Preferred Stock or (b) at Holder’s election in its sole and absolute discretion, Next Round Stock; provided, however, that unless and until the Next Equity Round occurs, the Class (as defined below) shall be the Company’s Series A Preferred Stock.

  • Upon conversion of the Note in connection with the Next Equity Round, Holder's rights under this Agreement and the Note shall be superseded by its rights with respect to the Conversion Shares received in and as defined by the terms of the Next Equity Round.

  • As a result, the total Investment Amount will convert into units representing % of the Company Capitalization prior to Next Equity Round, and the Lead Investor’s Investment Amount will convert into units representing % of the Company Capitalization prior to Next Equity Round.

  • The Company shall use its best efforts to raise on or before December 31, 1999 $1,500,000 from persons other than Holder in connection with the sale of Preferred Stock having rights and preferences acceptable to the Holders of the Convertible Notes (as provided in and subject to the prepayment provisions of Section 6.02(a) above) and subject to the limitations set forth below (the "Next Equity Round").


More Definitions of Next Equity Round

Next Equity Round means the first sale and issuance by the Company, after the Effective Date but prior to the consummation of an Initial Public Offering, in a single transaction or series of related transactions, of shares of its capital stock or of securities or instruments convertible into or exercisable or exchangeable for shares of the Company’s capital stock, to one or more investors in a transaction not registered under the Act principally for equity financing purposes in which cash is received by the Company and/or debt of the Company is cancelled or converted in exchange for such shares of capital stock, convertible securities or instruments.
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Next Equity Round means the Borrower's next equity round closing after October 1, 2000 which yields at least Eight Million Dollars ($8,000,000) net cash proceeds.
Sample 1

Related to Next Equity Round

  • Next Equity Financing means the next sale (or series of related sales) by the Company of its Preferred Stock following the Date of Issuance from which the Company receives gross proceeds of not less than $1,000,000 (excluding the aggregate amount of securities converted into Preferred Stock in connection with such sale (or series of related sales)).

  • First Equity Financing Price means (x) if the pre-money valuation of the Company immediately prior to the First Equity Financing is less than or equal to the Valuation Cap, the lowest price per share of the Equity Securities sold in the First Equity Financing or (y) if the pre-money valuation of the Company immediately prior to the First Equity Financing is greater than the Valuation Cap, the SAFE Price.

  • Parent Equity Plan means the Energy Transfer Equity, L.P. Long-Term Incentive Plan.

  • Stock Acquisition Date means the first date of public announcement (which, for purposes of this definition, shall include, without limitation, a report filed pursuant to Section 13(d) under the Exchange Act) by the Company or an Acquiring Person that an Acquiring Person has become such.

  • Parent Equity Plans means all employee and director equity incentive plans of Parent and agreements for equity awards in respect of Parent Common Stock granted under the inducement grant exception.

  • Parent Equity Awards means Parent Options, Parent DSU Awards and Parent PSU Awards.

  • Net Equity ’ means, subject to such rules and regulations as the Commission pro- mulgates under the Act, with respect to the aggregate of all of a customer’s accounts that such customer has in the same capacity—

  • Net Equity Proceeds means, with respect to each issuance or sale of any equity by any Person or any capital contribution to such Person, the cash proceeds (net of underwriting discounts and commissions and other reasonable costs associated therewith) received by such Person from the respective sale or issuance of its equity or from the respective capital contribution.

  • New Equity means the common equity interests in Reorganized Neiman to be authorized, issued, or reserved on the Effective Date pursuant to the Plan.

  • Net Equity Value means, at any time, the total assets of the applicable business less the total liabilities of such business less the amounts attributable to the minority interest in such business, in each case as determined on a consolidated basis, in accordance with GAAP, subject to the last sentence of the definition of Capitalization Value.

  • Shares Acquisition Date means the first date of public announcement by the Company or an Acquiring Person that an Acquiring Person has become such.

  • Make-Whole Acquisition Stock Price means the consideration paid per share of Common Stock in a Make-Whole Acquisition. If such consideration consists only of cash, the Make-Whole Acquisition Stock Price shall equal the amount of cash paid per share of Common Stock. If such consideration consists of any property other than cash, the Make-Whole Acquisition Stock Price shall be the average of the Closing Price per share of Common Stock on each of the 10 consecutive Trading Days up to, but not including, the Make-Whole Acquisition Effective Date.

  • sweat equity shares means equity shares issued by a company to its employees or directors at a discount or for consideration other than cash for providing know-how or making available rights in the nature of intellectual property rights or value additions, by whatever name called;

  • Holdings Common Stock means the common stock of Holdings, par value $.01 per share.

  • Company Equity Plan means any management equity or stock option or ownership plan or any other management or employee benefit plan of the Company or any Subsidiary of the Company.

  • Stock Acquisition means the purchase or other acquisition by Borrower or any of its Subsidiaries of all of the Equity Interests (by merger, stock purchase or otherwise) in any other Person.

  • First Trading Date means 15 November 2022.

  • Qualifying Capital Securities means securities (other than Common Stock, rights to acquire Common Stock and securities convertible into Common Stock) that, in the determination of the Corporation’s Board of Directors reasonably construing the definitions and other terms of this Replacement Capital Covenant, meet one of the following criteria:

  • Available Equity Amount means a cumulative amount equal to (without duplication):

  • New Ordinary Shares means the new Ordinary Shares arising on Conversion of the C Shares;

  • Equity Preferred Securities means, with respect to any Person, any trust preferred securities or deferrable interest subordinated debt securities issued by such Person or other financing vehicle of such Person that (i) have an original maturity of at least twenty years, and (ii) require no repayments or prepayments and no mandatory redemptions or repurchases, in each case, prior to the first anniversary of the latest Maturity Date.

  • Early Preference Share Valuation Date means the date specified as such in the relevant Early Preference Share Redemption Notice which shall fall not less than one day and not more than 180 days following the day such Early Preference Share Redemption Notice is given. The Early Preference Share Redemption Notice may provide that such date is subject to adjustment in accordance with certain disruption or adjustment events, as determined by the Calculation Agent.

  • Class A Ordinary Share Value means, as of the close of business on the day preceding the date, the volume weighted average trading price of the Class A Ordinary Shares on all trading platforms or trading systems on which the Class A Ordinary Shares are being traded over the forty-five (45) trading days then ended, provided, that if the total aggregate trading volume over such 45-trading-day period is less than 5% of the public float, such period shall be extended to the ninety (90) trading days then ended, provided, further, if the total aggregate trading volume over such 90-trading-day period is less than 5% of the public float, the holder of the Class B Ordinary Shares shall request that the Board obtain an appraisal of the value of the Class A Ordinary Shares from one or more independent nationally-recognized third party appraisal companies and such appraisal shall constitute the Class A Ordinary Share Value.

  • Equity Event is the receipt by Borrower on or after the Effective Date of unrestricted net cash proceeds of not less than Forty Million Dollars ($40,000,000.00) from the issuance and sale by Borrower of its equity securities, on or before March 31, 2016 and the receipt of evidence thereof by Collateral Agent on or before such date, which evidence must be reasonably acceptable to Collateral Agent.

  • Working Capital Shares shall have the meaning given in the Recitals hereto.

  • Company Capital Stock means the Company Common Stock and the Company Preferred Stock.