Crossover Financing definition

Crossover Financing means a preferred equity financing consummated by One Energy prior to the Closing in accordance with the terms of the Business Combination Agreement, not to exceed $35,000,000 in the aggregate, involving the issuance of One Energy Preferred Shares on the same terms and conditions as the One Energy Preferred Shares that were outstanding as of the date of the Original BCA.
View Source
Crossover Financing means a preferred equity financing consummated prior to Closing, not exceeding $35,000,000, that is issued on the same terms and conditions as the Company Preferred Shares that were outstanding as of the date of the Original Business Combination Agreement.
View Source
Crossover Financing means the issuance and sale of the shares of Series B Preferred Stock pursuant to the Purchase Agreement.
View Source

Examples of Crossover Financing in a sentence

  • Additionally, the Company agrees that until the face amount of the Note is converted into the Crossover Financing, other than a 10% Original Issue Discount Senior Secured Convertible Promissory Note issued by the Company of even or near date herewith, the Company shall not incur any debt that is senior to or pari passu with the Note without the approval of the Purchaser.

  • Each respective Success Fee shall only be payable if the Consultant is providing services to the Client at the time of the completion of the Crossover Financing or the IPO, as applicable, and neither the Consultant (for any reason) nor the Client (for Material Breach as defined below) has served notice of termination prior to the date that the completions of the Crossover Financing and the IPO, as applicable, occur.