Seed Funding Round definition

Seed Funding Round the first fundraising round of the Company to take place after the Completion Date.
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Seed Funding Round means the period of 12 months immediately following the cessation of a Founder working full­time in the business of the Company (whether or not he still remains as a director or shareholder of the Company). the first fundraising round of the Company to take place after the Completion Date
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Examples of Seed Funding Round in a sentence

  • Should Investor and/or the Investor’s Permitted Transferees exercise Seed Funding Round Pre- Emption Rights for less than the 35% reserved quota, leaving a residual non opted quota, Company shall have the right to offer such non opted reserved quota to other investors.

  • Upon receiving Seed Funding Round Pre-Emption Rights Communication, Investor and each of the Investor’s Permitted Transferees shall have 30 days (“Pre-Emption Rights Exercise Term”) to exercise the Seed Funding Round Pre-Emption Rights in order to acquire up to the above said 35% reserved quota at the same conditions provided in the Seed Funding Round Pre-Emption Rights Communication (“Pre-Emption Rights Exercise Communication”).

  • Should the Company receive formal commitments by third party investors related to an offer to acquire more than 50% of the amount being raised during the Seed Funding Round, Company shall communicate such formal commitments to Investor and the Investor’s Permitted Transferees within 5 days (“Seed Funding Round Pre-Emption Rights Communication”).

  • Details of these prior financings follows: During the year ended December 31, 2014, the Company issued 2,945,835 shares of restricted common stock valued at $353,501 in its initial Seed Funding Round.

  • The Company undertakes to Fintech that it shall, at the Seed Funding Round, reserve for subscription or acquisition by Fintech or, at Fintech’s sole discretion, one or more of the Fintech’s Permitted Transferees, such number of Ordinary Shares (and/or, if different, any senior or preferred class of shares being issued to any investor at the Seed Funding Round) in an amount equal to, in aggregate, 35% of the amount being raised during the Seed Funding Round.

Related to Seed Funding Round

  • Initial Funding Date means the Funding Date on which the first Loan is made pursuant to this Agreement, as specified in the Initial Borrower Funding Request.

  • Initial Funding means the funding of the initial Loans or issuance of the initial Letters of Credit upon satisfaction of the conditions set forth in Sections 6.01 and 6.

  • Delayed Draw Funding Date means the date occurring on or after the Effective Date upon which all of the conditions to funding the Delayed Draw Term Loan set forth in Section 6.02 are satisfied and the Delayed Draw Term Loan is funded.

  • Principal Funding Investment Shortfall means, with respect to each Transfer Date relating to the Controlled Accumulation Period, the amount, if any, by which the Principal Funding Investment Proceeds for such Transfer Date are less than the Covered Amount determined as of such Transfer Date.

  • Funding Loan means the Funding Loan in the original maximum principal amount of $ made by Funding Lender to Governmental Lender under the Funding Loan Agreement, the proceeds of which are used by the Governmental Lender to make the Borrower Loan.

  • Residual Funding Facility means any funding arrangement with a financial institution or institutions or other lenders or purchasers under which advances are made to the Company or any Subsidiary based upon residual, subordinated or retained interests in Receivables Entities or any of their respective securities, debt instruments or other Indebtedness.

  • Liquidity Funding means (a) a purchase made by any Committed Lender pursuant to its Liquidity Commitment of all or any portion of, or any undivided interest in, an applicable Conduit’s Loans, or (b) any Loan made by a Committed Lender in lieu of such Conduit pursuant to Section 1.1.

  • Initial Loan is defined in Section 2.1.

  • Non-Funding Lender has the meaning ascribed to it in Section 9.9(a)(ii).

  • Initial Loans means the Eligible Loans evidenced by the Notes sold on the Closing Date pursuant to the Initial Purchase Agreement and related documentation, together with any guaranties and other rights relating thereto including, without limitation, Interest Subsidy Payments and Special Allowance Payments.

  • Broken Funding Costs means for any Purchaser Interest which: (i) has its Capital reduced without compliance by Seller with the notice requirements hereunder or (ii) does not become subject to an Aggregate Reduction following the delivery of any Reduction Notice or (iii) is assigned under Article XIII or terminated prior to the date on which it was originally scheduled to end; an amount equal to the excess, if any, of (A) the CP Costs or Yield (as applicable) that would have accrued during the remainder of the Tranche Periods or the tranche periods for Commercial Paper determined by the Agent to relate to such Purchaser Interest (as applicable) subsequent to the date of such reduction, assignment or termination (or in respect of clause (ii) above, the date such Aggregate Reduction was designated to occur pursuant to the Reduction Notice) of the Capital of such Purchaser Interest if such reduction, assignment or termination had not occurred or such Reduction Notice had not been delivered, over (B) the sum of (x) to the extent all or a portion of such Capital is allocated to another Purchaser Interest, the amount of CP Costs or Yield actually accrued during the remainder of such period on such Capital for the new Purchaser Interest, and (y) to the extent such Capital is not allocated to another Purchaser Interest, the income, if any, actually received during the remainder of such period by the holder of such Purchaser Interest from investing the portion of such Capital not so allocated. In the event that the amount referred to in clause (B) exceeds the amount referred to in clause (A), the relevant Purchaser or Purchasers agree to pay to Seller the amount of such excess. All Broken Funding Costs shall be due and payable hereunder upon demand.

  • Funding Date is any date on which a Credit Extension is made to or for the account of Borrower which shall be a Business Day.

  • Funding Bank shall have the meaning given to such term in Section 3.3 hereof.

  • Additional Funding has the meaning prescribed to that term in clause 4.3 of this Agreement.

  • Closing Date Term Loans means the Term Loans made by the Term Lenders on the Closing Date to the Borrower pursuant to Section 2.01(1).

  • CarMax Funding means CarMax Auto Funding LLC, a Delaware limited liability company.

  • Incremental Facility Closing Date has the meaning set forth in Section 2.14(d).

  • Initial Lender has the meaning specified in the recital of parties to this Agreement.

  • Match funding or “match share” means cash or in-kind (non-cash) contributions provided by the Applicant/Recipient, subcontractors, or other parties that will be used in performance of the proposed project. Match share percentage is calculated by dividing the total match share contributions by the total allowable project cost. “Total allowable project cost” is the sum of the CEC’s reimbursable share and Recipient’s match share of the project costs. Match share expenditures have the following requirements:

  • Closing Date Term Loan has the meaning set forth in Section 2.4(a).

  • Funding means the amounts of money provided by the LHIN to the HSP in each Funding Year of this Agreement;

  • Closing Date Term Loan Commitment means, in the case of each Lender that is a Lender on the Closing Date, the amount set forth opposite such Lender’s name on Schedule 1.1(b) as such Lender’s Closing Date Term Loan Commitment. The aggregate amount of the Closing Date Term Loan Commitments as of the Closing Date is $820,000,000.

  • Principal Funding Account shall have the meaning specified in subsection 4.03(a)(i).

  • Funding Loan Agreement means this Funding Loan Agreement, of even date herewith, by and among the Funding Lender, the Governmental Lender and the Fiscal Agent, as it may from time to time be supplemented, modified or amended by one or more funding loan agreements, indentures or other instruments supplemental hereto entered into pursuant to the applicable provisions hereof.

  • ERISA Funding Rules means the rules regarding minimum required contributions (including any installment payment thereof) to Title IV Plans, as set forth in Sections 412, 430, 431, 432 and 436 of the Code and Sections 302, 303, 304 and 305 of ERISA.

  • Pre-Funding Period means the period beginning on the Closing Date and ending on the earliest of (a) the date on which the amount on deposit in the Pre-Funding Account is less than $10,000, (b) the Funding Termination Date or (c) the date on which an Event of Termination occurs.