Purchaser Financing definition

Purchaser Financing has the meaning ascribed to it in Section 5.07.

Purchaser Financing shall have the meaning set forth in Section 4.7(b)

Purchaser Financing means one or more financings by the Purchaser to be completed on or prior to the Effective Date and involving the issuance of subscription receipts of the Purchaser for aggregate gross proceeds of no less than C$35 million, whereby the proceeds of such financing(s), less a portion of the expenses of any underwriters or agents, will be placed into escrow and released immediately prior to, at or immediately after the Effective Time;

Examples of Purchaser Financing in a sentence

• Purchaser acknowledges that obtaining the Purchaser Financing in connection with the Closing is not a condition to Purchaser complying with its obligations under this Agreement, including closing the transactions contemplated herein following satisfaction or waiver of the conditions in Section 7.1 and Section 7.3.

• The Purchaser shall, prior to the expiration of the condition period provided for under the Tarion Addendum, if any (the "Purchaser Financing Condition") produce evidence of a satisfactory mortgage commitment signed by a lending institution or other mortgagee acceptable to the Vendor, confirming that the said lending institution or acceptable mortgagee will be advancing funds to the Purchaser sufficient to pay the balance due on Closing (the "Commitment").

• If the Purchaser fails to provide the Commitment as aforesaid on or before the expiry of the Purchaser Financing Condition, the Vendor may declare the Purchaser to be in default under this Agreement and may exercise any or all of its remedies set forth in the Agreement and/or at law.

• The Purchaser Financing in the minimum aggregate gross amount of $2,000,000 shall have completed.

• If the Pre-Emption Right is exercised by the Glenfine Owners, the Vendor will subscribe for 20,000,000 Purchaser Securities (the “Subscription Securities”) on the same terms as the Purchaser Financing (subject to compliance with Securities Laws and the policies of the CSE).

More Definitions of Purchaser Financing

Purchaser Financing means the issuance of convertible notes, stock or other instruments or obtaining of other forms of financing, as determined by Purchaser, resulting in a minimum of USD 100 million in net cash available to Purchaser post-financing and post-Closing for working capital purposes.

Purchaser Financing means that equity or debt offering undertaken by the Purchaser targeting capital formation in the amount considered acceptable by the Purchaser to fund its first year exploration with respect to the Lands;

Purchaser Financing has the meaning ascribed thereto in section 6.1(f) of this Agreement.‌

Purchaser Financing has the meaning set forth in Section 7.02(n).

Purchaser Financing means the financing contemplated by the Purchaser FinancingNotice.

Purchaser Financing means the private placement of Purchaser Securities to be conducted by the Purchaser for gross proceeds of not less than $4,000,000 at a price of not less than $0.20 per Purchaser Security;

Purchaser Financing means the sale by the Purchaser of common shares of the Purchaser by way of private placement to raise minimum aggregate gross proceeds of $2,000,000, comprised of: