Financing Round a subscription for equity in the Company by one or more persons raising an aggregate of at least £[AMOUNT]1 (excluding the Aggregate Advance Subscriptions), which amount can be raised in one or in a series of fundraisings on or before the Longstop Date;
Financing Round shall have the meaning assigned to that term in Section 1,10.
Financing Round means a subscription for shares in the Company by one ormore investors in a bona fide financing round under which the Company raises in aggregate at least £2,000,000 (or such lower amount as may be determined by the Subscriber in writing) excluding the Advance Subscription Funds;
Examples of Financing Round in a sentence
This clause8 shall terminate upon the completion of a Financing Round pursuant to which the Company and the Founders have agreed a replacement vesting schedule.
This clause6.3 will terminate when the Company undertakes a Financing Round at which point it is expected that the Company will put in place appropriate governance arrangements with the investors involved with that Financing Round.
More Definitions of Financing Round
Financing Round means the next issuance of shares of the Company in which the Company receives equity proceeds from new investments (not including the conversion of the Loan or other loans) by the shareholders of the Company and/or new investors (the "FR Investors").
Financing Round. (as set forth in this sample agreement) is defined as the contribution of "real" equity proceeds to the company by an investor (external investor or existing shareholder) against issuance of shares (by capital increase or share transfer). Equity-like or mezzanine investments (like convertible loans) are usually not included under the term "financing round" and therefore do not trigger the conversion of the loan. Alternatively, the triggering event may be defined as a "qualified financing round", which means that the conversion of the loan only takes place if the financing round reaches a certain minimum investment amount (which presumably makes the subscription price underlying the conversion more reliable). In such case, section 4.2 would usually provide for a conversion obligation instead of the conversion right of the investor. If, prior to the Maturity Date and provided that (i) the Loan (including interest) has not been repaid in full in accordance with this Agreement and (ii) no repayment has been requested by the Lender due to an Event of Default, a binding investment agreement or a similar agreement regarding a Financing Round is signed (the "FR Signing Date"), the Lender shall have the right to irrevocably waive the repayment of the entire unpaid portion of the principal amount of the Loan ("Outstanding Principal Amount") and all accrued and unpaid interest due as of the FR Signing Date (the "FR Accrued Interest") against issuance of shares in the Company issued in the course of the Financing Round (the "FR Conversion Shares") at an issue price of EUR 1 per each EUR 1 (the "Conversion Issue Price") of the subscribed nominal amount of FR Conversion Shares.
Financing Round means the sale and issuance of capital stock (other than Exempted Securities) to one or more third-parties for bona fide fundraising purposes.
Financing Round means an increase of the corporate capital of the COMPANY by the issuance of new Stock. For the purpose of this Plan, a Financing Round only qualifies as such in case the amount invested by new or existing shareholders equals or exceeds CHF 500’000. For the avoidance of doubt, a capital increase by setting off outstanding liabilities of the COMPANY, or the conversion of any convertible securities of the COMPANY or any other cashless increase of the corporate capital will not be treated as a Financing Round in the meaning of this Plan. The Administrator is authorized to expand the definition of a “Financing Round” in favour of the BENEFICIARY.
Financing Round means any form of equity financing in the capital stock of the Company, including in the form of: (i) convertible notes and/or SAFE instruments; or (ii) reverse merger with a shell company provided that an amount of at least $2,000,000 is made available for operational purposes in the shell company at the closing of such reverse merger or subsequently raised by the shell company, but excluding, for the avoidance of doubt, any form of non-convertible debt, grants and like payments. A Qualified Financing may occur in several phases that accumulate to at least $2,000,000. In addition, separate series of financing rounds that occur in the same 12-month period will be considered a Qualified Financing as long as they accumulate to at least $2,000,000.
Financing Round means the closing by the Corporation of a bona fide sale of securities in a single transaction or a series of related transactions in conformity with the terms of this Agreement and the Certificate (including receipt of any required approvals of the Investors provided for herein and/or therein) and which results in gross proceeds to the Corporation of at least $25,000,000.
Financing Round means the next issuance of securities by the Company for cash or the exchange of debt or both taking place after the Closing and prior to the Note’s maturity date.