Next Round definition

Next Round means the Company’s next sale of its convertible preferred stock (other than Series B Preferred Stock) to purchasers which include venture capital investors.

Next Round means the next Equity Round in which the Company issues and sells shares of its preferred stock and any options, warrants, rights or other securities that are exercisable, convertible or exchangeable into, or otherwise provide the right to purchase or acquire shares of such preferred stock.

Next Round means (i) the next bona fide round of equity financing in which You issue and sell shares of your preferred stock for aggregate gross cash proceeds of at least $5,000,000 (excluding any amounts received upon conversion or cancellation of indebtedness), (ii) Your initial public offering or (iii) the consummation of a Merger Event in which You are not the surviving entity, whichever is to occur first, subsequent to the Effective Date.

Examples of Next Round in a sentence

• The Company covenants that all Next Round Securities which shall be so issuable or deliverable shall, when issued or delivered, be duly and validly issued and fully paid and non-assessable.

• The Shares for which this Warrant is exercisable upon such election, if at all, shall bear the same rights, preferences, and privileges of such Next Round Stock.

• Company shall provide Holder no less than fifteen (15) Business Days’ written notice prior to the consummation of any Next Round (the “Next Round Notice”).

• The right of Holder to make a Next Round Election (and the corresponding adjustment provided for in this Section 1.7) shall (i) only apply to the first Next Round that occurs after the Issue Date and shall not apply to any other financing and (ii) shall terminate (x), in the case of the occurrence of an Acquisition, then upon the satisfaction of the provisions of Section 1.6 hereof and (y) upon the occurrence of an IPO (defined below).

• If Holder makes the Next Round Election within the Next Round Election Period, then the Next Round Election shall be effective immediately following the initial closing of the Next Round.

More Definitions of Next Round

Next Round means the first equity financing, or extension of an existing round of equity financing, occurring after the Closing Date, in which You issue preferred stock for aggregate gross cash proceeds of at least Five Million Dollars ($5,000,000) (with aggregate proceeds to include the amounts that the investors in such financing have committed to invest, in accordance with the terms of the financing documents after the initial closing under such documents and to exclude any amounts receivable upon, or attributable to, conversion or cancellation of indebtedness), whether in a single or multiple closings.

Next Round means the Company’s next sale, after the Issue Date, of its convertible preferred stock.

Next Round means the next transaction after the Closing Date, other than an IPO, in which the Company issues and sells a class or series of preferred stock in connection with a bona fide round of equity financing resulting in net aggregate proceeds to Company of at least $2,000,000.

Next Round means the first subsequent Equity Round following the date of this Agreement in which the Company issues and sells shares of its preferred stock for aggregate gross cash proceeds of at least $5,000,000.

Next Round means each equity financing occurring after the Closing Date which is a private offering or a private investment in public equity or a similar transaction, in which Borrower sells and issues capital stock, whether in a single or multiple closings, in an amount greater than One Million Dollars ($1,000,000).

Next Round means the next Equity Round in which the Company issues and sells shares of its preferred stock for aggregate gross cash proceeds of at least $17,000,000 which amount shall include $7,000,000 in notes which contain a mandatory conversion provision requiring the notes to be convertible into common stock in such Next Round;

Next Round is hereby added to Section 1 of the Warrant Agreement in its proper alphabetical order: