SUBSEQUENT ROUNDS Clause Samples
The "Subsequent Rounds" clause defines how future investments or financing rounds in a company will be handled after the initial investment. It typically outlines the rights of existing investors to participate in later funding rounds, such as pre-emptive rights to maintain their ownership percentage, and may specify procedures for notification and allocation of new shares. This clause ensures that early investors have the opportunity to avoid dilution of their stake and provides a clear framework for managing additional capital raises, thereby reducing uncertainty and potential disputes as the company grows.
SUBSEQUENT ROUNDS. All remaining positions (including part-time) will be posted in subsequent rounds in accordance with 19.15c.
SUBSEQUENT ROUNDS. After all PA’s have had the opportunity to request two (2) weeks of PTO, the remaining time (up to 75% of the maximum annual accrual), in increments determined by local leadership, can be requested and will be granted in seniority order.
P. The Employer will grant or deny such requests by February 28th.
SUBSEQUENT ROUNDS. The Lenders will have a right first refusal to arrange subsequent comparable debt financing for the Borrowers for a period of one (1) year from the date of the first advance under the Loan Documents (the “RFR Period”). Additionally, during the one (1) year period following the RFR Period, the Borrowers shall communicate their requirements for debt financing to the Lenders and provide the Lenders with the opportunity to provide a proposal to the Borrowers with respect to such debt financing.
SUBSEQUENT ROUNDS. The parties hereby agree that Section 17.19 of the Agency Agreement is deleted and replaced with: “The Agent will have a first right of refusal to arrange subsequent comparable debt financing for the Borrowers for a period of two (2) years from the date of the first advance under the Loan Documents (the “RFR Period”). During the RFR Period, the Borrowers shall present any offer(s) of debt financing to the Agent and the Agent shall have 72 hours from receipt of such offer(s) to advise the Borrowers if the Agent wishes to exercise its right of first refusal and arrange for comparable financing for the Borrowers. Additionally, during the one (1) year period following the RFR Period, the Borrowers shall communicate their requirements for debt financing to the Agent and provide the Agent with the opportunity to provide a proposal to the Borrowers with respect to such debt financing. Any additional debt financing shall be on such terms as agreed between the lending parties and the Borrowers.