Common use of Termination Time Clause in Contracts

Termination Time. The "Termination Time" means such time, if any, as one or more Financings which occur after the Effective Date and within a period of six (6) consecutive months result in aggregate cash proceeds being paid to the Company for its Equity Securities of $1,500,000 or more.

Appears in 2 contracts

Sources: Operating Agreement, Operating Agreement