Bridge Securities definition

Bridge Securities. (a) The shares of Bridge Preferred Stock, (b) ----------------- the shares of Common Stock and Mezzanine PreferredStock issued or issuable upon conversion of the Bridge Preferred Stock, and (c) any securities issued or issuable with respect to either (a) or (b) by way of a stock dividend or stock split or in connection with a combination of shares, recapitalization, merger, consolidation or reorganization.

Bridge Securities means the Issuer's Senior Convertible Floating Rate Bridge Notes substantially in the form set forth in Exhibit A hereto.

Bridge Securities. Upon the closing of the PUBLIC OFFERING, the COMPANY shall deliver to each PURCHASER, BRIDGE EQUITY UNITS consisting of securities identical in form to the securities offered for sale in the PUBLIC OFFERING ("PRIMARY BRIDGE EQUITY UNITS"), except that the certificates for the PRIMARY BRIDGE EQUITY UNITS may bear restrictive legends. Each PURCHASER shall receive the number of PRIMARY BRIDGE EQUITY UNITS equal to the principal of such PURCHASER'S BRIDGE NOTE(S) divided by the public offering price of the securities comprising the PRIMARY BRIDGE EQUITY UNIT. The securities issued to PURCHASERS shall have the same CUSIP numbers as the corresponding securities in the PUBLIC OFFERING. If a PUBLIC OFFERING shall not have occurred prior to six months from the FIRST CLOSING, then on the first business day following the end of such six month period the COMPANY shall issue to the PURCHASER alternate BRIDGE EQUITY UNITS ("ALTERNATE BRIDGE EQUITY UNITS") consisting of that number of shares of common stock of the COMPANY as shall equal the principal amount of the BRIDGE NOTE(S) divided by $3.00 plus an equal number of non-callable warrants exercisable at $3.00 per share for a period of five years from such issuance, and which shall have a cashless exercise feature at any time after one year from the FIRST CLOSING that the underlying shares of common stock are not covered by an effective registration statement with a current prospectus available. The number of ALTERNATE BRIDGE EQUITY UNITS shall be adjusted, pro rata, on account of any stock splits, reverse stock splits, stock dividends paid on common stock, etc. which occur after the date of issuance of the BRIDGE NOTE(S) and prior to the issuance of the ALTERNATE BRIDGE EQUITY UNITS. PRIMARY BRIDGE EQUITY UNITS and Alternate BRIDGE EQUITY UNITS are sometimes referred to herein as "BRIDGE EQUITY UNITS." The PURCHASERS shall have the right for a period of one year and one month from the issuance of the ALTERNATE BRIDGE EQUITY UNITS to exchange them for PRIMARY BRIDGE EQUITY UNITS of an equivalent worth issued in a public offering of the COMPANY such that the PURCHASERS will own the same securities as if the public offering had closed on or prior to the six month anniversary of the FIRST CLOSING.

Examples of Bridge Securities in a sentence

• This Warrant and the Warrant Shares may be offered for sale, sold, transferred, pledged or assigned without the consent of the Company, except as may otherwise be required by Section 2(f) of the Bridge Securities Purchase Agreement.

• The Company hereby irrevocably waives personal service of process and consents to process being served in any such suit, action or proceeding by mailing a copy thereof to the Company at the address set forth in Section 9(f) of the Bridge Securities Purchase Agreement and agrees that such service shall constitute good and sufficient service of process and notice thereof.

• The Bridge Notes and Bridge Shares are herein called the Bridge Securities.

• Whenever notice is required to be given under this Warrant, unless otherwise provided herein, such notice shall be given in accordance with Section 9(f) of the Bridge Securities Purchase Agreement.

• Following the completion of the sale of Bridge Securities pursuant to this Financing Agreement, the Company intends to conduct a secondary public offering (the “Secondary Public Offering” or “SPO”) of its securities in the approximate amount of $8,000,000 with Newbridge Securities Corporation (“Newbridge”) as its managing underwriter.

More Definitions of Bridge Securities

Bridge Securities means the Series B Preferred Stock, the Senior Notes and the Warrants.

Bridge Securities. Securities (other than Money Market Investments) which, when acquired, were expected by the General Partner to be redeemed, liquidated or otherwise disposed of within 12 months of the date of such acquisition.

Bridge Securities means the shares of Company Common Stock issuable upon conversion of or otherwise pursuant to the Bridge Note.

Bridge Securities has the meaning given it in the first recital of this Agreement.

Bridge Securities means the $25,000,000 of subordinated bridge notes issued by the Company on December 31, 1996.

Bridge Securities means the securities issued to investors as part of the Bridge Financing, including without limitation any warranties, options or rights to acquired additional securities of the Company or any of its affiliates.

Bridge Securities has the meaning specified in the Purchase Agreement.