Equity Event A definition

Equity Event A means the sale or issuance by Borrower of convertible notes, on terms and from investors acceptable to Bank, which acceptance shall not be unreasonably withheld, pursuant to which Borrower receives net proceeds in the aggregate amount of at least Five Hundred Thousand Dollars ($500,000), including (for purposes of calculating such amount) Five Hundred Thousand Dollars $500,000 in proceeds received on or about December 11, 2002.
View Source

Related to Equity Event A

  • Equity Event is the receipt by Borrower on or after the Effective Date of unrestricted net cash proceeds of not less than Forty Million Dollars ($40,000,000.00) from the issuance and sale by Borrower of its equity securities, on or before March 31, 2016 and the receipt of evidence thereof by Collateral Agent on or before such date, which evidence must be reasonably acceptable to Collateral Agent.

  • Non-Viability Event means the earlier of:

  • Liquidity Event means a Change of Control or an IPO.

  • Stock Acquisition Date means the first date of public announcement (which, for purposes of this definition, shall include, without limitation, a report filed pursuant to Section 13(d) under the Exchange Act) by the Company or an Acquiring Person that an Acquiring Person has become such.

  • Specified Equity Contribution means any cash contribution to the common equity of Holdings and/or any purchase or investment in an Equity Interest of Holdings other than Disqualified Equity Interests.