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 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.
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.

Examples of Next Round of Financing in a sentence

  • In addition, the Holder shall also be entitled to any additional or more favorable registration rights which may be granted to any investor in the Next Round of Financing, and the foregoing provisions of this Section 12 shall apply, mutatis mutandis, to any registration rights agreement entered into by the Corporation in connection with the Next Round of Financing.

  • This Warrant will not become exercisable for Series A Preferred Stock unless and until the Next Round of Financing has not closed by December 31, 2006 (the "Financing Cutoff Date").

  • If Holder exercises all or a portion of this Warrant prior to the closing of the Next Round of Financing or Financing Cutoff Date, then the Holder will be entitled to receive shares of the Next Round Stock, when and if such shares of Next Round Stock are issued in the Next Round Financing.

  • The Lender shall have and enjoy the same rights and benefits (including, without limitation, anti-dilution protection and registration rights), and shall be subject to the same obligations on a proportionate or participatory basis, as the investors in the Next Round of Financing.

  • In connection with such conversion, the Payee shall receive the same benefits and privileges provided by the Payor to the other purchasers in the Next Round of Financing.

  • In exchange for Xxxxxxxx deferring payment of his monthly consulting fee, ACT shall pay Xxxxxxxx a bonus of ten thousand dollars ($10,000.00) upon the close of the Next Round of Financing.

  • Payor shall provide Payee with at least 20 days prior written notice of the terms and proposed closing date of a Next Round of Financing.

  • The term “Shares” shall mean shares of capital stock or other equity securities or securities convertible into or exercisable for shares of capital stock or other equity securities of the Company issued to investors in the Next Round of Financing.

  • 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.

  • The exercise price for the Shares (as defined below) shall be one $US cent ($0.01) per share of capital stock or other equity security or security convertible into or exercisable for shares of capital stock or other equity security sold to investors in the Next Round of Financing (as defined in the Note) (the “Exercise Price”).


More Definitions of Next Round of Financing

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.
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 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.

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 means the Indebtedness incurred or to be incurred by Holdings and its Subsidiaries under the Credit Documents (assuming the full utilization of the Revolving Commitments) and all other financings contemplated by the Credit Documents, in each case after giving effect to the Transaction and the incurrence of all financings in connection therewith.

  • 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.

  • 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 either is 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 the execution, delivery and performance by each Loan Party of the Loan Documents to which it is to be a party, the borrowing of Loans, the use of the proceeds thereof and the issuance of Letters of Credit hereunder.

  • 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 collectively securities lending transactions, sale and repurchase transactions and reverse repurchase transactions.

  • 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 transactions described under “Summary—The Refinancing Transactions” in the Offering Memorandum.

  • 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 5.16(d).

  • 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.

  • Interim Capital Transactions means the following transactions if they occur prior to the Liquidation Date: (a) borrowings, refinancings or refundings of indebtedness and sales of debt securities (other than Working Capital Borrowings and other than for items purchased on open account in the ordinary course of business) by any Group Member; (b) sales of equity interests by any Group Member (including the Common Units sold to the Underwriters pursuant to the exercise of their over-allotment option); and (c) sales or other voluntary or involuntary dispositions of any assets of any Group Member other than (i) sales or other dispositions of inventory, accounts receivable and other assets in the ordinary course of business, and (ii) sales or other dispositions of assets as part of normal retirements or replacements.