Equity Raised definition

Equity Raised means an amount equal to the sum of the aggregate value received by the Company during the period between the Effective Date through and including the applicable Measurement Date pursuant to (a) the issuance of Additional Common Shares, (b) the exercise of any warrants representing the right to purchase Common Shares and (c) the conversion of any Company convertible debt into Company equity (with such Company convertible debt calculated for purposes of this definition at face value).
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Examples of Equity Raised in a sentence

  • Notwithstanding the foregoing, for such period of time from the commencement of this Agreement until the date that Gross Equity Raised is $50.0 million or more, the monthly Base Management Fee shall be equal to 1/12th of 1% of the Gross Equity Raised without regard to the Annual Minimum Fee.

  • For services rendered under this Agreement, commencing after the end of the first month of business, the REIT shall pay to the Manager each month in arrears (by wire transfer of immediately available funds) compensation equal to 1/12th of the sum of (a) 1.5% of the Gross Equity Raised up to $1 billion plus (b) 1.0% of the Gross Equity Raised in excess of $1 billion (the “Base Management Fee”) within one (1) Business Day after the end of such month.

  • In the event that the Sub-Manager disputes the calculation of the Final Payment (including the calculation of the applicable Sub-Manager Base Management, Fee Base Management Fee, and Gross Equity Raised), the Sub-Manager and the Manager will use commercially reasonable efforts, and negotiate in good faith, to promptly reach agreement as to the correct calculation of the Final Payment.

  • Each of the Manager and the REIT shall cause its representatives to be available, during normal business hours and upon reasonable notice, to the Sub-Manager to review the calculation of the Final Payment (including the applicable Sub-Manager Base Management Fee, Base Management Fee, and Gross Equity Raised).

  • The Class C Members will elect from zero to three members to the Board of Managers based upon the following percentages of equity raised from the sale of Class C Capital Units: Percentage of Total Equity Raised Greater than 10% but less than 20% 5 1 1 7 At least 30% 5 1 3 9 If a Manager’s term expires, the Manager shall continue to serve until the Manager’s successor shall have been elected and qualified, or until there is a decrease in the number of Managers.

Related to Equity Raised

  • Equity Ratio means the ratio of Equity to Total Assets.

  • Debt to Equity Ratio means the ratio of the value of liabil- ities to equity, calculated according to s. 126.58 (6) (c) 2.

  • Next Equity Financing means the next sale (or series of related sales) by the Company of its Preferred Stock following the Date of Issuance from which the Company receives gross proceeds of not less than $1,000,000 (excluding the aggregate amount of securities converted into Preferred Stock in connection with such sale (or series of related sales)).

  • Qualified Equity Financing means the first sale (or series of related sales) by the Company of its Preferred Stock following the Date of Issuance from which the Company receives gross proceeds of not less than $1,000,000 (excluding the aggregate amount of securities converted into Preferred Stock in connection with such sale or series of related sales).

  • 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.