Venture Debt Sample Clauses
The Venture Debt clause outlines the terms and conditions under which a company may obtain debt financing from investors, typically as an alternative or supplement to equity financing. This clause specifies the amount, interest rate, repayment schedule, and any associated rights or covenants, such as warrants or conversion features, that may be granted to the lender. By clearly defining these terms, the clause facilitates access to non-dilutive capital for the company while protecting the lender’s interests, ultimately providing a structured framework for venture debt transactions.
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Venture Debt. Buyer hereby authorizes: (i) the Company to contract financing (by lending or issuing debentures) in the amount of up to [*****] for the payment of the purchase price due to the purchase of Smarkio shares (" Venture Debt "); and (ii) Sellers and the Company to constitute an Encumbrance on the Company's Shares or Assets in connection with the hiring of Venture Debt.
