Equity Financing definition

Equity Financing means the next sale (or series of related sales) by the Company of its Equity Securities to one or more third parties following the date of this instrument from which the Company receives gross proceeds of not less than $1,000,000 cash or cash equivalent (excluding the conversion of any instruments convertible into or exercisable or exchangeable for Capital Stock, such as SAFEs or convertible promissory notes) with the principal purpose of raising capital.

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Equity Financing means a bona fide transaction or series of transactions with the principal purpose of raising capital, pursuant to which the Company issues and sells Preferred Stock at a fixed pre-money valuation.

Equity Financing has the meaning set forth in Section 5.7.

Examples of Equity Financing in a sentence

• Assuming the satisfaction of the conditions to Parent’s obligation to consummate the Merger, the conditions to the Equity Financing will be satisfied and the full amount of the Equity Financing will be available in full to Parent on the Closing Date.

• As of the date hereof, no event has occurred which, with or without notice, lapse of time or both, would constitute a default or breach on the part of the Equity Financing Sources under the Limited Guaranty.

• Other than the Equity Commitment Letter, there are no other contracts, arrangements or understandings entered into by the Equity Financing Sources, Parent or any Affiliate thereof that impose conditions on or would otherwise limit, impair or delay the ability of the Equity Financing Sources to fund of the Equity Financing in accordance with the terms of the Equity Commitment Letter.

• The Limited Guaranty is in full force and effect and is the valid, binding and enforceable obligation of the Equity Financing Sources.

• As of the date of this Agreement, no event has occurred which with or without notice, lapse of time or both, would or would reasonably be expected to constitute a default or breach on the part of Parent or any Equity Financing Source under the Equity Commitment Letter.

More Definitions of Equity Financing

Equity Financing means a bona fide transaction or series of transactions with the principal purpose of raising capital, pursuant to which the Company issues and sells Preferred Stock at a fixed pre-money valuation.

Equity Financing means a bona fide transaction or series of transactions with the principal purpose of raising capital, pursuant to which the Company issues and sells Preferred Stock at a fixed valuation, including but not limited to, a pre-money or post-money valuation.

Equity Financing shall have the meaning set forth in Section 5.6(a).

Equity Financing means the equity financing to be provided pursuant to the Equity Commitment Letter.

Equity Financing has the meaning set forth in Section 3.4(a).

Equity Financing shall have the meaning provided in Section 6.06.

Equity Financing means the equity financing incurred or to be incurred pursuant to the Equity Commitment Letter.