Common use of Additional Issuance Date Clause in Contracts

Additional Issuance Date. The term “Additional Issuance Date” shall mean the earlier of (i) the date upon which Company has Raised, on a cumulative basis since April 21, 2009, $10 million through one or more Equity Financings and/or Corporate Transactions, and (ii) the day immediately preceding the consummation of a Liquidation Event; provided, however that if Company has Raised an amount equal to or in excess of $10 million on the Effective Date, as referenced in Section 3.1.1 above, then there shall be no Additional Issuance Date.

Additional Issuance Date. The term “Additional Issuance Date” shall mean the earlier of (i) the date upon which Company Licensee has Raised, on a cumulative basis since April 21, 2009basis, $10 million through one or more Equity Financings and/or Corporate Transactions, and (ii) the day immediately preceding the consummation of a Liquidation Event; provided, however that if Company Licensee has Raised an amount equal to or in excess of $10 million on the Effective Initial Issuance Date, as referenced in contemplated by Section 3.1.1 3.1.1(b) above, then there shall be no Additional Issuance Date.