Financing Milestone definition

Financing Milestone means the date set forth on the Cover Sheet for Seller to satisfy the following requirements demonstrating the Facility’s eligibility for the PTC: delivery of evidence to Buyer that the Facility commenced construction in 2016.

Financing Milestone means Borrowers’ receipt of at least $5,000,000 in cash proceeds from the sale and issuance of its equity securities (or convertible note securities that are subject to a subordination agreement in form and substance satisfactory to Lenders).

Financing Milestone means the date set forth on the Cover Sheet for Seller to satisfy the following requirements demonstrating the Facility’s eligibility for the [ITC/PTC] by [Seller to propose suggested criteria for establishing eligibility, e.g., safe harboring of equipment prior to sunset dates, tax counsel opinion, etc.].

Examples of Financing Milestone in a sentence

• Buyer has no responsibility or obligation of any kind to Seller or any other person or entity with respect to Seller in connection with Seller’s financing or the Financing Milestone Commitment.

• Has made a significant contribution to ASAHPERD and the professions of which it is comprised.

• Exhibit 4: Table of Proposed DIP Financing Milestone Covenants 164E.

• For the sake of clarity, if Borrowers achieve the Financing Milestone prior to June 1, 2019, no Back-End Fee shall be due or payable.

• For greater certainty, if the Operations Milestone or the Financing Milestone escrow restrictions in Subsections 2.1.1 or 2.1.2 herein have not been satisfied as of the date of death of the Securityholder, then those escrow securities shall not be released and will be returned by the Escrow Agent to the Issuer for cancellation.

More Definitions of Financing Milestone

Financing Milestone has the meaning set forth in Section 3.2(e).

Financing Milestone has the meaning set forth in Appendix I.

Financing Milestone means the date set forth on the Cover Sheet for Seller to provide Buyer a tax counsel opinion on the Generating Facility’s eligibility for the ITC.

Financing Milestone means the date set forth on the Cover Sheet for Seller to satisfy the obligations set forth in Section 2.5.

Financing Milestone means the receipt by Borrower of at least Twenty-Five Million Dollars ($25,000,000) from the proceeds of the issuance of equity securities or Subordinated Debt into Borrower’s accounts at Bank after the Fifth Amendment Effective Date but on or prior to February 28, 2022.

Financing Milestone means Company’s raise of $1,000,000 (One Million Dollars) or more in equity and/or convertible debt.

Financing Milestone. Condition Precedent. The effectiveness of the grant under Article 2 of this Agreement is conditioned upon Company achieving the FINANCING MILESTONE on or before that day that is nine (9) months after the EFFECTIVE DATE (or upon any later date as Company and JHU may hereafter agree in writing). Upon Company’s achievement of the FINANCING MILESTONE, Company shall so inform JHU in writing and this Agreement shall be deemed to be effective as of the EFFECTIVE DATE. Prior to the achievement of the FINANCING MILESTONE, Articles 4, 8, 9, and 10 shall apply. In the event that the FINANCING MILESTONE is not achieved prior to the deadline stated in this Paragraph 2.4, this Agreement shall thereupon and thereafter be null and void except for any pre-termination obligations of Company under Paragraphs 3.8 and 4.1.