Qualified Financing Date definition

Qualified Financing Date means the first date on which the Company receives aggregate gross proceeds equal to or exceeding $750,000 from the sale to one or more third parties of shares of its capital stock, or notes or other indebtedness that is convertible into or exercisable for shares of its capital stock, in a venture capital transaction. For purposes of this Agreement, “Second Qualified Financing Date” shall mean the first date on which the Company receives aggregate gross proceeds equal to or exceeding $12,500,000 from the sale to one or more third parties of its capital stock, or notes or other indebtedness that is convertible into or exercisable for shares of its capital stock, in a venture capital transaction.

Qualified Financing Date means May 1, 2018, provided that, Licensor may elect, upon written notice to Licensee given no later than five (5) Business Days prior to May 1, 2018, to extend such date to June 1, 2018, in which case the term “Qualified Financing Date” shall be deemed amended, without further action of the Parties, to mean June 1, 2018.

Qualified Financing Date means the closing date of the Qualified Financing;

Examples of Qualified Financing Date in a sentence

• The Company will not pay the Consultant any consulting fees before the Qualified Financing Date (as defined below).

• Subject to and upon the terms and conditions of this Agreement, Licensee shall issue and sell to Licensor, and Licensor shall purchase from Licensee, [***] of Licensee’s duly authorized and validly issued shares of Series B Preferred Stock at the closing of a Qualified Financing (other than an IPO) occurring before the Qualified Financing Date on substantially the same terms and conditions as offered to other purchasers of Series B Preferred Stock in such Qualified Financing.

• After the Qualified Financing Date and before the Second Qualified Financing Date (as defined below), the Company shall pay to the Consultant consulting fees of $25,000 per year, payable in equal quarterly installments.

• From and after the Second Qualified Financing Date, the Company shall pay to the Consultant consulting fees of $50,000 per year, payable in equal quarterly installments.

• Executive shall be entitled to receive a cash bonus equal to $25,000 on the Qualified Financing Date.

More Definitions of Qualified Financing Date

Qualified Financing Date means the date on which both of the following events have occurred: (i) Merhav has obtained debt financing for the Project from an unaffiliated Third Party and (ii) an unaffiliated third party holds no less than a 25% equity interest in the Project.

Qualified Financing Date means the Closing Date.

Qualified Financing Date means September 30, 2000.

Qualified Financing Date means the earliest date after the Effective Date on which the Company has consummated a sale of its equity securities (excluding convertible debt instruments) or assets in a transaction or series of related transactions with gross proceeds of at least $10,000,000 to the Company.

Qualified Financing Date means the date of the last closing of a Qualified Equity Offering.

Qualified Financing Date means March 31, 2002. Notwithstanding the foregoing definition of Class, upon and after the occurrence of an event which results in the automatic or voluntary conversion, redemption or retirement of all (but not less than all) of the outstanding shares of such Class, including without limitation the consummation of the Company's initial, registered, firm-committed underwritten public offering ("IPO") of its common stock, $.01 par value per share ("Common Stock"), then from and after the date upon which such outstanding shares are so converted, this Warrant shall be exercisable for such number of shares of the Common Stock as shall equal the number of shares of Common Stock into which the Shares would have been converted had the Shares been issued and outstanding immediately prior to such event, and the Exercise Price shall equal the then-applicable per Share conversion price (as determined in accordance with the Company's Certificate of Incorporation, as amended (including without limitation the Certificate of Designation applicable to the same class or series of securities as the Shares) (the "Certificate"))

Qualified Financing Date means the date on which long term debt financing was obtained for the Project from Banco Do Brazil or any other unaffiliated Third Party in an amount not less than $185 Million and the first disbursement under the financing facility has been provided or other proof of such financing commitment has been presented to Ampal to its full satisfaction.