Equity Financing Transaction definition

Equity Financing Transaction means an equity issuance of common shares of the Borrower for net cash proceeds of at least $8,000,000.00.

Equity Financing Transaction has the meaning set forth in Section 3.4(d)(i).

Equity Financing Transaction means the issuance and/or sale by the Company of shares of Ordinary Common Stock for cash in a bona fide financing transaction with a third party investor, the primary purpose of which is to raise funds for the Company, but excluding (a) any offering of shares which constitute less than five percent (5%) of the then outstanding number of shares of the Ordinary Common Stock, (b) any issuance of shares to, or issuance of shares upon exercise of options granted to, employees, officers or directors of the Company or any Affiliate of the Company, (c) any issuance of shares as an “equity kicker” in a debt financing, or upon conversion of debt securities or upon exercise of warrants issued in connection with any such debt financing, or (d) any issuance of shares in connection with a transaction, the primary purpose of which is not to raise funds for the Company, including but not limited to a merger or share-for-share exchange or an acquisition of a business.

Examples of Equity Financing Transaction in a sentence

• As of the date hereof, Parent shall have provided written evidence acceptable to Multiplier that Parent has received aggregate net cash proceeds of at least $9,000,000 from the closing of the Equity Financing Transaction (as defined below) through the date hereof.

• Notwithstanding the foregoing, the entire unpaid principal amount of the Note, together with accrued and unpaid interest thereon, shall be due and payable by the Borrower to the Holder in full within ten (10) business days upon the earlier to occur of the closing of (A) a Qualified Senior Indebtedness Transaction, or (B) a Qualified Equity Financing Transaction.

• If the Company timely receives such notice from the Subscriber and proceeds to consummate the Equity Financing Transaction, the Company shall issue and/or sell to the Subscriber, and the Subscriber shall purchase from the Company, such proportionate number of shares of the Ordinary Common Stock on the terms and conditions of the Equity Financing Transaction.

• In addition, should the Company issue shares of its common stock in connection with an Equity Financing Transaction that closes on or prior to December 31, 2016, you will be granted an additional option (the “Additional Option”) to purchase up to an amount of the Company’s common stock equal to 1% (one percent) of the number of shares of Common Stock issued by the Company in such Equity Financing Transaction.

• Bank and Borrower agree that the net cash proceeds received by Borrower from the Equity Financing Transaction during the Forbearance Period will not be included in subclause (i) of the calculation of the Tangible Net Worth Financial Covenant.

More Definitions of Equity Financing Transaction

Equity Financing Transaction is defined in Section 3.1.2.

Equity Financing Transaction the meaning assigned to such term in the first paragraph of this Agreement.

Equity Financing Transaction means any transaction in which the Company issues or sells any of its equity securities for cash to one or more third party investors. For the avoidance of doubt, an Equity Financing Transaction does not include (i) issuances of securities upon the exercise of any options or warrants outstanding as of the date of this Agreement, (ii) issuances of stock bonuses or grants of stock awards under any plan to issue securities as compensation to employees, officers, directors or consultants of the Company duly adopted for such purpose by the Company’s board of directors, (iii) issuances of securities in connection with a merger, acquisition or other business combination or (iv) issuances of securities in connection with any stock split, stock dividend, recapitalization or similar event.

Equity Financing Transaction means the stock purchase transaction under the Series B-1 Preferred Stock Purchase Agreement dated as of July 17, 2017 by and among Winc, Inc. and the purchasers party thereto. Multiplier Capital II, LP Schedule to Loan and Security Agreement

Equity Financing Transaction means an underwritten public offering of Common Units, including any issuance of additional shares to the underwriters pursuant to provisions in the underwriting agreement allowing for such issuance at the original offering price following the initial offering, on terms and conditions reasonably acceptable to the Partnership.

Equity Financing Transaction has the meaning set forth in Section 4(a).

Equity Financing Transaction means a private placement of Common Units at the Price Per Unit by the Partnership to Persons other than the Contributing Parties that closes before or contemporaneously with the Closing, the net proceeds of which shall be used to increase the Cash Consideration pursuant to Section 2.2(c).