Equity Event. Borrower shall provide evidence to Bank by no later than June 30, 2018 of Borrower’s receipt of not less than Seven Million Dollars ($7,000,000) of cash proceeds from the sale of Borrower’s equity securities on terms reasonably satisfactory to Bank.
Appears in 2 contracts
Sources: Loan and Security Agreement (Berkeley Lights, Inc.), Loan and Security Agreement (Berkeley Lights, Inc.)