Preferred Stock Financing definition

Preferred Stock Financing shall have the meaning provided in the recitals to this Agreement.

Preferred Stock Financing means AVROBIO’s first issuance and sale of shares of a newly-authorized series of preferred stock (e.g., Series B preferred stock) after the date of this Agreement to venture capital funds or other institutional investors in an equity financing with gross proceeds to the Company from sales occurring after the date of this Agreement of not less than [***].

Preferred Stock Financing means Borrower's Series D Preferred Stock financing with gross proceeds to Borrower of at least $5,000,000 and at a pre-money valuation not to exceed $86,000,000.

Examples of Preferred Stock Financing in a sentence

• In connection with the Series C Convertible Preferred Stock Financing, the 2020 Notes, totaling unpaid principal and accrued interest of $15.9 million, converted into 1,366,820 shares of Series C convertible preferred stock.

• SECOND: The Preferred Stock Financing Committee of the Board of Directors of the Corporation (the "Preferred Stock Financing Committee") redeemed and retired all issued and outstanding shares of the 7-3/8% Preferred Stock, which constituted all authorized shares of the 7-3/8% Preferred Stock.

• The conversion into shares issued in the Preferred Stock Financing would be equal to unpaid principal at 115% plus unpaid accrued interest.

• AVROBIO shall notify BioMarin of the completion of the Preferred Stock Financing within [***] after such completion and shall notify BioMarin of any failure to complete the Preferred Stock Financing no later than [***] following the Preferred Stock Financing Deadline.

• As a condition to its receipt of any Preferred Stock, BioMarin will enter into AVROBIO’s investor rights agreement, voting agreement, and right of first refusal and co-sale agreement, or other similar agreements, all on the same terms and conditions as the other investor(s) in the Preferred Stock Financing.

More Definitions of Preferred Stock Financing

Preferred Stock Financing has the meaning set forth in the Recitals.

Preferred Stock Financing means the issuance by Holdco to Bombardier Inc. or its Affiliates of preferred equity of Holdco of not less than Cdn$50.0 million.

Preferred Stock Financing means the issuance by the Company to the Prentice Investors of a new series of its convertible preferred stock on terms and conditions acceptable to the Prentice Investors in their sole discretion.

Preferred Stock Financing. 4.10 "Purchase Date" 3.09 "Registrar" 2.03 "Restricted Payments" 4.07 "Subordinated Debt Financing" 4.10 "Subordinated Notes" 4.10 "Subsidiary Guarantee" 4.17 "Suspended Covenants" 4.19

Preferred Stock Financing means an equity financing of the Company with aggregate proceeds to the Company of at least $1,000,000 approved by the holders of at least sixty percent (60%) of the then-outstanding shares of Series E Preferred; provided that the equity financing pursuant to the Series E Purchase Agreement shall not be deemed to be a Preferred Stock Financing; and provided further that any firmly underwritten public offering pursuant to an effective registration statement under the Securities Act, covering the offer and sale of Common Stock for the account of the Company shall not be deemed to be a Preferred Stock Financing.

Preferred Stock Financing shall have the meaning given such term in Section 5.1(i).

Preferred Stock Financing. The definition of “Preferred Stock Financing” in Section 1.1 of the Agreement is hereby deleted in its entirety.