External Equity Financing definition
External Equity Financing means the next equity financing transaction in which the Company issues shares of Preferred Stock to investors including new, external investors none of whom (together with their affiliates) are existing investors in the Company. Such option will have an exercise price equal to the fair market value of the Company’s Common Stock on the date of grant and will be subject to a time based vesting schedule that commences as of the date of grant of such option on terms substantially consistent with the vesting schedule set forth above for your initial option grant.
External Equity Financing means the proceeds of the financing collectively contemplated by External Equity Commitment Letters.
Examples of External Equity Financing in a sentence
The foregoing shall not limit the rights of any External Equity Financing Source under Section 12.2(e) hereof.
The provisions of this Section 14.15(c) shall be enforceable by each External Equity Financing Source, their respective Affiliates and their respective successors and permitted assigns.