Next Round of Financing definition

Next Round of Financing means the closing of the first round of financing at the minimum amount of $10,000,000 or more, in a single round of financing (excluding the sale of the Notes and the issuance of securities issued upon conversion of the Notes, and excluding any other subsequent issuance of convertible debt). The determination of whether a particular financing constitutes “Next Round of Financing” shall be made by the Board.
Next Round of Financing means the next sale (or series of related or unrelated sales) by the Company of its equity or debt securities (through either a private or public offering) occurring ninety days or more after the Commencement Date from which the Company receives gross proceeds of not less than $10,000,000.
Next Round of Financing means the first equity investment (including in Convertible Securities), or a series of equity investments, in the Corporation of fifteen million dollars ($15,000,000) or more occurring after the date hereof.

Examples of Next Round of Financing in a sentence

  • Typical Qualifying Requirements for the Next Round of Financing and Key Processes Involved for Specific Financing RoundsTable 2.

  • Orders, contained at Annex I, are to be produced to cover the actions involved in dealing with temporary obstructions on or around any manoeuvring area that are considered to be a hazard to either Air Systems, vehicles or pedestrians.

  • The conversion price shall be equal to 80% of the per share price paid by the investors in the Next Round of Financing, and otherwise on the same terms and conditions as given to such investors, including any governance rights and any special rights (such as tag-along rights) typical of this kind of transaction.

  • Next Round of Financing for $10,000,000As a result of the large number of applications awarded to Solar Flow-Through and its development partners, Solar Flow-Through intends to conduct a second Flow-Through Limited Partnership offering in the summer of 2013 for up to $10,000,000.

  • At any time this Note remains outstanding, all or any portion of the principal balance of this Note (the “Conversion Amount”) shall automatically, and with no further action by Payee, be converted, at the conversion price set forth below, into Equity Securities of the Company issued in the Next Round of Financing (the “Next Round Securities”) immediately upon the consummation of such Next Round of Financing.

  • Qualifying Requirements for the Next Round of Financing and Key Processes Involved for Specific Financing Rounds (Adapted from Jolly (1997) & Murphy (2002)) Financing Round Should More Companies Really Get Through This Gap Region?‌ Investors (e.g., many VCs) sometimes say the best ideas are the ones that get through the valley of death, and subsequently, they don’t concern themselves with the problem.


More Definitions of Next Round of Financing

Next Round of Financing means an investment in the equity of the Company of at least US$2 million. In addition, it is agreed between the Bank and the Lenders that in the event of repayment of any debt to the Bank the Lenders will also be repaid at a ratio of 3:1 between the Bank and the Lenders.
Next Round of Financing used in this Agreement shall mean any transaction or a series of related transactions in which SpineView sells to one or more third-party investors, shares of any class of its share capital.
Next Round of Financing means a transaction or series of related transactions in which the Company issues and sells shares of its capital stock (common or preferred) to one or more institutional investors with net proceeds to the Company of not less than US$5 million.

Related to Next Round of Financing

  • Equity Financing means the next sale (or series of related sales) by the Company of its Equity Securities to one or more third parties following the date of this instrument from which the Company receives gross proceeds of not less than $1,000,000 cash or cash equivalent (excluding the conversion of any instruments convertible into or exercisable or exchangeable for Capital Stock, such as SAFEs or convertible promissory notes) with the principal purpose of raising capital.

  • 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)).

  • Subsequent Financing shall have the meaning ascribed to such term in Section 4.12(a).

  • Subsequent Financing Notice shall have the meaning ascribed to such term in Section 4.12(b).

  • New Financing has the meaning specified in Section 2.04(a).

  • Qualified Financing is a transaction or series of transactions pursuant to which the Company issues and sells shares of its capital stock for aggregate gross proceeds of at least $5,000,000 (excluding all proceeds from the incurrence of indebtedness that is converted into such capital stock, or otherwise cancelled in consideration for the issuance of such capital stock) with the principal purpose of raising capital.

  • PIPE Financing has the meaning set forth in the recitals to this Agreement.

  • Co-financing means the financing referred to in Section 7.02 (h) and specified in the Loan Agreement provided or to be provided for the Project by the Co-financier. If the Loan Agreement specifies more than one such financing, “Co-financing” refers separately to each of such financings.

  • Net Financing Proceeds means the cash proceeds received by the Partnership in connection with any borrowing or refinancing of borrowing by or on behalf of the Partnership or by or on behalf of any Property Partnership (whether or not secured), after deduction of all costs and expenses incurred by the Partnership or the Property Partnership in connection with such borrowing, and after deduction of that portion of such proceeds used to repay any other indebtedness of the Partnership or Property Partnerships, or any interest or premium thereon.

  • Financing Transaction means a transaction in which a licensed provider obtains financing from a financing entity including any secured or unsecured financing, any securitization transaction, or any securities offering which is either registered or exempt from registration under federal and state securities law.

  • securities financing transaction or 'SFT' means a repurchase transaction, a securities or commodities lending or borrowing transaction, or a margin lending transaction;

  • Exit Financing means the financing under the Exit Facility.

  • Financing Transactions means (a) the execution, delivery and performance by each Loan Party of the Loan Documents to which it is to be a party and (b) the initial borrowing of Loans hereunder and the use of the proceeds thereof.

  • Concurrent Financing means the various third party financing arrangements the Company is executing pursuant to the agreements described on Schedule 2.1(c)(i) (the “Concurrent Financing”) separate and apart from the transactions contemplated by this Agreement.

  • Securities Financing Transactions means repurchase agreements, reverse repurchase agreements, securities lending agreements and any other transactions within the scope of SFTR that a Fund is permitted to engage in;

  • Pre-Closing Restructuring has the meaning specified in Section 6.14(a).

  • Other Financing shall have the meaning assigned to such term in Section 5.6(ii) hereof.

  • Terminating Capital Transaction means any sale or other disposition of all or substantially all of the assets of the Partnership or a related series of transactions that, taken together, result in the sale or other disposition of all or substantially all of the assets of the Partnership.

  • Financing Period means the number of calendar days from, but excluding, the immediately preceding Reset Date to, and including, the current Reset Date.

  • Interim Financing means any new financial assistance, provided by an existing or a new creditor, that includes, as a minimum, financial assistance during the stay of individual enforcement actions, and that is reasonable and immediately necessary for the debtor's business to continue operating, or to preserve or enhance the value of that business;

  • Refinancing Transactions means the issuance and sale of the Notes pursuant to the Offering Memorandum, the incurrence of indebtedness on or about the Issue Date pursuant to any Credit Agreement and/or the repricing, refinancing, amendment, restatement or supplement, in whole or in part, of any Credit Agreement and the redemption (including any satisfaction and discharge in connection therewith) of all of the Company’s outstanding 7.875% Senior Notes due 2019 and the payment of fees and expenses in connection therewith.

  • Qualified Equity Financing means the first 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).

  • Series Closing Date means the date designated as such in the Series Term Sheet.

  • Alternative Financing has the meaning set forth in Section 5.14(b).

  • Cash-Out Refinancing A Refinanced Mortgage Loan the proceeds of which were in excess of the principal balance of any existing first mortgage on the related Mortgaged Property and related closing costs, and were used to pay any such existing first mortgage, related closing costs and subordinate mortgages on the related Mortgaged Property.

  • IPO means the Company’s initial public offering of securities.