Exempt Financing definition

Exempt Financing means (i) a financing in which the Company issues shares of Common Stock at a purchase price per share of Common Stock in excess of the purchase price per share paid by the Purchasers (as adjusted for stock splits, stock dividends, recapitalizations or similar events) or (ii) a financing in which the Company issues securities convertible, exercisable or exchangeable for shares of Common Stock at a purchase price per security (including any amount required to be paid to the Company in connection with any conversion, exercise or exchange thereunder) in excess of the purchase price per share paid by the Purchasers (as adjusted for stock splits, stock dividends, recapitalizations or similar events).
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Examples of Exempt Financing in a sentence

  • Exempt Financing (i.e., Certificates of Participation - COPS) The Authorized User’s sale or other transfer of Custom Products which were acquired by the Authorized User using third party, tax-exempt financing may not occur until such Custom Products are, or become, useable.

  • Exempt Financing (i.e., Certificates of Participation (COPS) The Authorized User’s sale or other transfer of Custom Products which were acquired by the Authorized User using third party, tax-exempt financing may not occur until such Custom Products are, or become, useable.

  • Exempt Financing (i.e., Certificates of Participation (COPS) The Authorized User’s sale or other transfer of Custom Products which were acquired by the Authorized User using third party, tax- exempt financing may not occur until such Custom Products are, or become, useable.

  • The Borrower agrees to comply with the Issuer’s Policy Number 2.5 related to Tax Exempt Financing.

  • If the Company desires to obtain tax exempt ------------------ financing (the "Tax Exempt Financing") and if deemed appropriate by the Members for a Facility, the Managing Member shall, at the cost and expense of the Company (the "Financing Costs"), apply for government backed credit enhancement (FHA or FNMA) for Tax-Exempt Financing.