Series C Financing definition
Examples of Series C Financing in a sentence
Concurrent with the execution of this Agreement and the closing of the Series C Financing, Cox and MP3 shall make, as part of their Initial Capital Contribution commitment, a Capital Contribution in the aggregate amount of five million dollars ($5,000,000), funded pro rata by Cox and MP3, in proportion to their respective Percentage Interests.
GFI intends to undergo a Series C Financing during the calendar year 2001.
To the knowledge of NexVerse, except as contemplated in that certain Voting Agreement, dated November 27, 2001, by and among certain securityholders of NexVerse, and as will be required by the Series C Financing Documents upon the execution of such documents, no stockholder has entered into any agreement with respect to the voting of equity securities of NexVerse.
BAXS shall make the BAXS Investment in cash and stock as part of the Series C Financing; provided, however, that such investment is required to be made by BAXS only if GFI closes the Series C Financing during the 2001 calendar year and GFI receives at least [**] in such Series C Financing (including the BAXS Investment and the investments of any affiliates of BAXS).
If the Subscription Agreement pursuant to which the Series C Financing is being consummated is terminated prior to the Initial Closing (as defined therein) in accordance with its terms, this Agreement shall be automatically terminated and shall forthwith become null and void, as if it were never in effect, and there shall be no liability on the part of any party hereto or its officers, directors, partners or members.
Concurrently with the initial closing of the Series C Financing, Manager shall invest Two Hundred Fifty Thousand Dollars ($250,000) in Series C Stock of the Parent Company.
As of the completion of the Series C Financing, the capitalization of the Parent Company is as set forth on Schedule 3.4.1(b) attached hereto.
By executing this Agreement, Intel Capital hereby consents to the Series C Financing (including without limitation the authorization and issuance of the Series C Preferred Stock) pursuant to Section 2.11 of the Prior Agreement.
In addition to and not in lieu of Section 4.1, effective upon the closing of the Company's Series C Preferred Stock Financing (the "Series C Financing"), the Company shall issue shares to Connetics of Series C Preferred Stock (the "Series C Preferred") in an amount equal to the quotient of one million dollars ($1,000,000) divided by the price per share of Series C Preferred paid by the purchasers of the Series C Preferred.
Subject to the approval of the Board, upon the closing of the Series C Financing, the Company will grant to you a one-time nonqualified stock option exercisable for the purchase of 375,465 shares of the Company’s common stock, par value $0.0001 per share (the “Option”), which, following the closing of the Series C Financing, is equal to 0.3% of the Company measured on a fully diluted basis.