Concurrent Financing definition

Concurrent Financing means the various third party financing arrangements the Company is executing pursuant to the agreements described on Schedule 2.1(c)(i) (the “Concurrent Financing”) separate and apart from the transactions contemplated by this Agreement.

Concurrent Financing shall have the meaning given to it in the Recitals of the Note Subscription Agreement.

Concurrent Financing means a non-brokered private placement of Subscription Receipts at a price of $0.50 per Subscription Receipt, or any other debt or equity financing of the Purchaser or the Company as to be mutually determined by the Company and the Purchaser, acting reasonably, for aggregate minimum gross proceeds of $8,000,000;

Examples of Concurrent Financing in a sentence

• FLRish may agree to modify the terms of the Concurrent Financing, within its sole discretion, provided, however, such modifications shall not (i) reduce the Concurrent Financing Price below CAD$7.59, (ii) increase the warrant coverage, (iii) increase the exercise period of the warrants for more than twice the exercise period; or (iv) reduce the per share exercise price of the warrants below the Concurrent Financing Price.

• The Parties agree that, prior to the Closing, the Purchaser will complete the Concurrent Financing, and that at least $500,000 of the gross proceeds of the Concurrent Financing will be segregated by the Purchaser and allocated to fund investor and brand marketing activities of the Purchaser following the Closing.

• However, notwithstanding anything to the contrary, the Purchaser shall reimburse the Vendors their Transaction Fees if i) the Purchaser is unable to close the Concurrent Financing; ii) Vendors terminate this Agreement in accordance with Section 9.1(c), except in case of termination due to failure to meet conditions set forth in either Section 6.2(12) or Section 6.2(13).

• The Parties further acknowledge that a portion of the proceeds from the Concurrent Financing are to be used to complete the Airfield Purchase (if more than CAD$60,000,000 gross proceeds have been raised in the Concurrent Financing).

• The Concurrent Financing shall have been completed or if completed in escrow pending Closing, then all conditions necessary to release such escrow shall have been satisfied (other than the completion of the Transaction).

More Definitions of Concurrent Financing

Concurrent Financing means an equity or debt financing that may be completed by MichiCann concurrently with the closing of the RTO.

Concurrent Financing means financing in the form of debt or equity (whether convertible or otherwise) by the Company to occur after the date hereof and prior to the Closing.

Concurrent Financing means the non-brokered private placement offering of Subscription Receipts pursuant to which the Company raised gross proceeds of $10,500,000 through the issuance of 35,000,000 Subscription Receipts, on a post-Company Split basis, at price of $0.30 per Subscription Receipt;

Concurrent Financing means the non-brokered private placement to be completed by the Purchaser of post-consolidation Common Shares at a price of $0.25 per Common Share for aggregate gross proceeds of not less than $1,500,000. A commission of 7% in cash and 7% in finder warrants may be payable and issuable to third parties in connection with the portion of the Concurrent Financing they are responsible for;

Concurrent Financing means the issuance of Ordinary Shares or ADSs on substantially the same terms as contained in this Agreement to other investors (the “Other Purchasers”); provided that (i) such Other Purchasers, if any, shall have entered into securities purchase agreement(s) (the “Other SPAs”) on January 16, 2019 or no later than 45 days thereafter; (ii) the price per each ADS sold to Other Purchasers shall either (A) not be lower than the Per ADS Purchase Price (or, for the sake of clarity, if the issuance is of Ordinary Shares, rather than ADSs, a price per Ordinary Share that is not lower than the Per ADS Purchase Price multiplied by 30) or (B) if it is lower than the Per ADS Purchase Price (such lower price per ADS being referred to as the “Adjusted Per ADS Purchase Price”), then the Per ADS Purchase Price hereunder shall, for all intents and purposes be modified to be equal to the Adjusted Per ADS Purchase Price and the Purchaser shall be issued at the Closing a number of ADSs equal to the Subscription Amount divided by the Adjusted Per ADS Purchase Price (or, if Closing shall have occurred prior to the execution of such securities purchase agreements with the Other Purchaser(s), shall be issued the additional ADSs to which such Purchaser would have been entitled had the initial Per ADS Purchase Price been the Adjusted Per ADS Purchase Price); and (iii) the aggregate purchase price for the sale of the ADSs and/or Ordinary Shares (including the Aggregate Purchase Price hereunder) under this Agreement and the Other SPAs (the “Total Round”) shall not exceed the Maximum Round Amount.

Concurrent Financing means a concurrent financing of Convertible Preferred Shares at a price of $0.40 per Convertible Preferred Share (or such other amount as may be determined by the Company in its sole discretion) to raise minimum gross proceeds of $2,750,000 and maximum gross proceeds of $3,500,000 (or such other amount as may be determined by the Company in its sole discretion), each of which shall automatically convert into Shares on a one for one basis on the third anniversary of the date of issuance.

Concurrent Financing means an equity financing undertaken by the Company that either: