Financing Threshold definition

Financing Threshold means an aggregate total investment of [**] U.S. Dollars ($[**]) in cash since the date of incorporation or formation of Licensee, in one or a series of related or unrelated transactions, in each case, in exchange for Licensee’s capital stock.
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Financing Threshold means the receipt by the Company of gross proceeds in the aggregate amount of Eight Million Dollars ($8,000,000 USD) through the issuance and sale by the Company of any equity securities of the Company in one or more Affiliate Financings.
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Financing Threshold has the meaning set forth in Section 3.2.2.
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Examples of Financing Threshold in a sentence

  • Such issuances shall continue only up to, and until such time as Licensee has achieved, the Financing Threshold.

  • Once Licensee meets the Equity Financing Threshold, Licensor shall have the right to participate in any sales of equity securities on the same terms as other purchasers so as to maintain its percentage ownership interest in Licensee.

  • A cash investment in exchange for convertible securities shall not contribute to the Equity Financing Threshold at the time of issuance of such convertible securities, but instead shall contribute to the Equity Financing Threshold only at the time that the convertible securities are convertible or exchangeable into Equity Securities.

  • Once the Company meets the Equity Financing Threshold, ▇▇▇▇ shall have the right to participate in any sales of New Securities of the Company pursuant to Section 7.1, so as to maintain its then Interest in the Company.

  • For purposes of this Section 7.3 only, a cash investment in exchange for convertible securities shall not contribute to the Equity Financing Threshold at the time of issuance of such convertible securities, but instead shall contribute to the Equity Financing Threshold only at the time that (i) the convertible securities (other than convertible notes) are convertible or exchangeable into Equity Securities; and, (ii) the convertible notes are converted into Equity Securities.

  • Prior to the date the Financing Threshold (as defined below) is reached, the Executive will accrue but not be paid a base salary.

  • CONFIDENTIAL TREATMENT REQUESTED Common Stock to be equal to five percent (5.0%) of the Fully Diluted Shares; and (iii) no additional shares shall be issued to PBB pursuant to this Section 1.b.i once the Company has achieved the Financing Threshold.

  • Upon the closing of the Subsequent Financing Round in which the Financing Threshold is satisfied and any closing of the Subsequent Financing occurring thereafter, Anti-Dilution Shares in the same class and series as the investors in such round will be issued by the Company to Iveric for no additional consideration such that Iveric will after such issuance own [**] percent ([**]%) of the Company’s issued and outstanding shares on a fully diluted basis determined as set forth in Section 1(a).

  • In the event that the IRS denies Bolt’s request for a Payment Plan, Sponsor shall either (a) close the Financing contemplated in Paragraph 1 of this Settlement Agreement (which shall be for an amount equal to or more than the Financing Threshold Amount) within six months of the Execution Date or (b) pay to Bolt 75% of the total amount of the then-outstanding Excise Tax Liability as well as all accrued interest on the entire Excise Tax Liability on the six-month anniversary of the Execution Date.

  • After the Financing Threshold has been achieved, the Executive's Base Salary will increase to $300,000 for the period commencing on the date that the Financing Threshold has been achieved and continuing until the end of the Employment Term.


More Definitions of Financing Threshold

Financing Threshold means the receipt by the Company of gross proceeds in the aggregate amount of [***] Dollars ($[***] USD) through the issuance and sale by the Company of any equity securities of the Company in one or more Affiliate Financings.
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Related to Financing Threshold

  • Financing Event means the earlier of (i) a public offering by the Company of its Common Stock with aggregate gross proceeds of at least $5 million; or (ii) the listing of the Company’s Common Stock on a National Securities Exchange, as such term is defined under the Exchange Act.

  • Alternative Financing has the meaning specified in Section 7.6(b).

  • Financing Transaction means a transaction in which a licensed provider obtains financing from a financing entity, including any secured or unsecured financing, any securitization transaction, or any securities offering which either is registered or exempt from registration under federal and state securities law.

  • Bid threshold means the dollar amount set in N.J.S.A. 18A:18A-3, above which a Board shall advertise for and receive sealed bids in accordance with procedures set forth in N.J.S.A. 18A:18A-1 et seq.

  • Financing Period means the number of calendar days from, but excluding, the immediately preceding Reset Date to, and including, the current Reset Date.