Funding Threshold definition

Funding Threshold means an aggregate total investment of [***] in cash, in one or a series of related transactions, in each case, in exchange for the Company’s capital stock.

Funding Threshold means a total gross investment, since the date of CTI’s incorporation, of Ten Million U.S. Dollars ($10,000,000) in cash in exchange for CBI capital stock.

Funding Threshold means a cumulative total of [***] in cash raised by the Company after the Effective Date in one or more financing rounds in exchange for Securities.

Examples of Funding Threshold in a sentence

• Non-NZ Government Funding Threshold: For a feature film: Signed letter of offer, deal memo or funding agreement from one or more non-New Zealand government funding entities which shows a genuine intention to fund (in aggregate) 10% or more of the production budget; OR A written offer of production funding from a New Zealand government entity or entities which makes that funding conditional on 10% or more of the production budget.

• Payments shall only be made if and when the Funding Threshold has been achieved.

• The Aggregate Capital plus the Adjusted LC Participation Amount shall exceed the Minimum Funding Threshold.

• If the Funding Threshold is achieved, the Company shall publish a report indicating the progress of the Innovation Plan via the Investor-Relations-Channel of the Internet Platform, by 30th January and 30th July of each year, respectively, the earliest initial date being 30 days after exceeding the Funding Threshold, by the nearest of the aforementioned dates.

• Furthermore, the Company is obliged to publish any information of significant meaning for the Company and/or the Innovation Plan, particularly the current annual financial statements on the Internet Platform, and before expiration of the Funding Period or the Extended Funding Period, respectively, and – if the Funding Threshold is achieved – after the aforementioned period by means of the Investor-Relations-Channel of the Internet Platform.

More Definitions of Funding Threshold

Funding Threshold. : means the minimum investment threshold in relation to an available investment opportunity listed on the Fraxtor Platform under the relevant Offer. Such Funding Threshold shall be as stipulated by the Offeror and/or Manager(s) and subject to such terms and conditions as may be imposed by Fraxtor, from time to time, in its sole discretion;

Funding Threshold means the following for the following dates (a) $40,000,000 on December 31, 2009, (b) $30,000,000 on December 31, 2010, and (c) $20,000,000 December 31 of each year thereafter.”

Funding Threshold means a total investment from and after the incorporation of Licensee of [**] U.S. Dollars ($[**]) in cash in exchange for Licensee’s capital stock.

Funding Threshold means the receipt by the Company of $100,000,000 in aggregate gross proceeds from one or more Equity Financings (excluding issuance or conversion of the Notes).

Funding Threshold means that the Company has received, after the Effective Date, total net proceeds of an aggregate of at least $25,000,000 in cash in consideration for the sale of shares of the Company’s capital stock pursuant to bona fide financing(s) in a transaction or series of transactions (excluding the IPO).

Funding Threshold means the time (following the date of this Agreement) at which the Corporation has completed (i) the final closing of any series or subseries of its Series A Preferred Stock, whether pursuant to that certain Preferred Stock Purchase Agreement, dated August 28, 2019, by and among the Corporation and the investors named therein, as the same may be amended or otherwise modified from time to time or otherwise (the “Purchase Agreement”), including, without limitation, the sale of the Corporation’s Series A-2 Preferred Stock following the occurrence of the Series A-2 Milestone Events (as defined in the Purchase Agreement) in the amount set forth on Exhibit A-2 of the Purchase Agreement; or (ii) a financing or a series of related financings in which it has sold and issued shares of its capital stock with aggregate gross cash proceeds to the Corporation of at least $[***], whichever of clause (i) or (ii) results in the issuance of a greater number (after adjusting for any capital changes) of Funding Shares to Columbia. For the avoidance of doubt, if clause (ii) of the preceding sentence is applicable and the Corporation has issued and sold shares of its capital stock for gross cash proceeds in excess of the Funding Threshold, Funding Shares shall only be issued in respect of the issuance of shares (and Common Stock Equivalents, if applicable) up to and through the Funding Threshold, and no Funding Shares shall be issued in respect of shares (and Common Stock Equivalents, if applicable) issued for gross proceeds in excess of the Funding Threshold. The amount of any Convertible Debt (or any portion thereof) that is not included within the term Convertible Securities pursuant to Section 2.2(a) shall not be counted towards the Funding Threshold until such Convertible Debt (or portion thereof) is included within the term Convertible Securities. With respect to the financing in which the Funding Threshold is exceeded, any shares or other Common Stock Equivalents issued upon conversion of or otherwise in respect of any such Convertible Debt shall be deemed to have been issued prior to any other shares or other Common Stock Equivalents issued in such financing on a “first in first out” basis, based on the time that the initial funds were advanced in respect thereof.

Funding Threshold has the meaning assigned to that term in SECTION 2.11(B).