Bridge Transaction definition

Bridge Transaction means a transaction wherein the Company sells to certain persons at any time on or before October 1, 2009 promissory notes and shares of its Common Stock and receives gross proceeds therefor of at least $350,000, on the terms substantially similar to those set forth on Exhibit A hereto.
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Examples of Bridge Transaction in a sentence

  • If the Investor determines that the Alternate Bridge Transaction is not on substantially equivalent or better terms as the Investor's Bridge Transaction, then the Investor will send written notice thereof (a "DETERMINATION NOTICE") to the Corporation within such five-day period.

  • If the Investor fails to send a Determination Notice within such five-day period, the Investor shall be deemed to have agreed that the Alternate Bridge Transaction is on substantially equivalent or better terms than the Investor's Bridge Transaction.

  • The Commitment Letter must be subject to no conditions other than those to which the Investor's Bridge Transaction is subject.

  • Following the Corporation's approval and consummation of the Investor's Bridge Transaction or a Discharge of the BT Loan, the Investor will take all appropriate actions reasonably requested by the Corporation to obtain the resignation of the Replacement Directors and to re-appoint the Resigning Directors to the Corporation's board of directors.

  • The MBCP Group shall not be bound by SECTION 2(B)(II) if, and only if, the Corporation arranges, on a timely basis, for an alternate financing transaction (the "ALTERNATE BRIDGE TRANSACTION") on terms that are substantially equivalent to, or more favorable to the Corporation than, the Investor's Bridge Transaction.

  • If the Corporation or the MBCP Group delivers such a Commitment Letter to the Investor, the Investor shall have five (5) business days from the date of its receipt thereof to determine whether the Alternate Bridge Transaction is on substantially equivalent or better terms as the Investor's Bridge Transaction.

  • In order for the MBCP Group to avoid compliance with Section 2(b)(ii), within five (5) business days after the Transaction Notice, the Corporation must obtain a bona fide, written commitment (a "COMMITMENT LETTER") for the Alternate Bridge Transaction, which provides for funding within thirty-five (35) days after the date of the Transaction Notice.

  • Following delivery of a timely Determination Notice, the parties shall attempt to determine whether the Alternate Bridge Transaction is on substantially equivalent or better terms as the Investor's Bridge Transaction (the "DETERMINATION").

  • In the event of any such termination by the Company, the Placement Agent shall not be entitled to any amounts whatsoever except (i) as may be due under any indemnity or contribution obligation provided herein or in any other Company Bridge Transaction Document or Company PPO Transaction Document, at law or otherwise and (ii) it shall retain any Brokers’ Fees received for Closings that occurred prior to the applicable Termination Date.

  • Notwithstanding the foregoing, no adjustment will be made under this Section 5 in respect of an Exempt Issuance or the issuance of the Primary Equity Consideration in connection with the Bridge Transaction.

Related to Bridge Transaction

  • Hedge Transaction means each interest rate swap, index rate swap or interest rate cap transaction or comparable derivative arrangement between the Borrower and a Hedge Counterparty that is entered into pursuant to Section 10.6 and is governed by a Hedging Agreement.

  • Financing Transaction means a transaction in which a licensed provider obtains financing from a financing entity, including any secured or unsecured financing, any securitization transaction, or any securities offering which either is registered or exempt from registration under federal and state securities law.

  • M&A Transaction means any acquisition, directly or indirectly, by a Project Holdco, whether by purchase, merger or otherwise, of all or substantially all of the assets of, all or a portion of the Equity Interests of, or a business line or unit or a division of, any Person.

  • Financing Transactions means the execution, delivery and performance by each Loan Party of the Loan Documents to which it is to be a party, the borrowing of Loans, the use of the proceeds thereof and the issuance of Letters of Credit hereunder.

  • Debt Purchase Transaction means, in relation to a person, a transaction where such person: