Coventure definition

Coventure means an investment by the corporation in qualified securities of an enterprise in which a substantial investment is also being made or has been made by a professional investor to provide seed capital to an enterprise. A guarantee by the corporation of qualified securities provided by a professional investor shall be classified as a coventure. An investment made by the corporation, which is a direct investment, may later be classified as a coventure upon an investment by a professional investor.
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Examples of Coventure in a sentence

  • Within thirty (30) days from the Closing Date, Coventure shall sell its business operations, as they exist immediately prior to the Closing, to ▇▇▇▇ ▇▇▇▇▇▇.

  • All actions by Coventure and its subsidiaries which required director or shareholder approval are reflected on the corporate minute books of Coventure and its subsidiaries.

  • Coventure Canada's authorized capital stock consists solely of common shares of which 100 shares are issued and outstanding on the date of this Agreement and entirely held by the Company.

  • There are no material liabilities, contingent or otherwise, of Coventure or its subsidiaries which are not disclosed in Schedule "B" hereto or reflected in the Coventure Financial Statements except those incurred in the ordinary course of business since the date of the said schedule and the Coventure Financial Statements, and neither Coventure nor its subsidiaries have guaranteed or agreed to guarantee any debt, liability or other obligation of any person, firm or corporation.

  • The corporate minute books of Coventure and its subsidiaries are complete and each of the minutes contained therein accurately reflect the actions that were taken at a duly called and held meeting or by consent without a meeting.

  • Coventure is duly authorized to carry on such business in Alberta, Canada.

  • Coventure and its subsidiaries are not in violation or breach of, or in default with respect to, any term of their respective Certificates of Incorporation (or other charter documents) or By-laws.

  • The Coventure Canada Stock, the Coventure Canada Debt, the Coventure Canada Business and the Coventure Canada Goodwill are owned by the Company with good and marketable title thereto, free and clear of any Encumbrance.

  • All the Coventure Accounts Receivable result from bona fide business transactions and services actually rendered without, to the knowledge and belief of Coventure, any claim by the obligor for set-off or counterclaim.

  • Coventure conducts the business described in its filings with the Securities and Exchange Commission and does not conduct any other business.