Recent financing activities Clause Samples
The 'Recent financing activities' clause requires a party to disclose any recent actions related to raising capital, such as issuing new shares, taking on debt, or entering into significant financial agreements. This clause typically applies to activities that have occurred within a specified period prior to the agreement, ensuring that all relevant financial transactions are transparent to the other party. Its core function is to provide up-to-date information about the company's financial position, helping to prevent surprises and allowing the other party to assess any potential risks or changes in ownership or obligations.
Recent financing activities. Please describe in detail the financing activities that occurred during the previous calendar month.
Recent financing activities. Each Purchaser acknowledges that it is aware of the following recent financing activities of the Company that have not yet been disclosed in the SEC Reports, and that such Purchaser has had the opportunity to review the agreements and instruments relating thereto, and to ask questions of the Company regarding the same: (a) an aggregate of $1,000,000 principal amount of promissory notes were sold to ▇. ▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇ III, who is the Company's President and Chief Executive Officer, at face value during September 1999; (b) an additional $500,000 principal amount of promissory notes were sold to ▇. ▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇ III, at face value during November 1999; and (c) an aggregate of approximately $455,000 of debt was sold to purchasers in a private placement transaction in October 1999, which debt will, on December 31, 1999, automatically convert into either Notes or preferred stock of the Company having the terms set forth in the term sheet attached hereto as Exhibit E.
Recent financing activities. Please describe in detail the financing activities that occurred during the previous quarter. Please list the financing activities that are expected to be performed during the current quarter.