Follow-On Investment definition
Examples of Follow-On Investment in a sentence
In the event that 43North elects to provide additional follow-on funding to Awardee in excess of the Award (a “Follow-On Investment”), the reporting requirements of this paragraph 9 shall continue for an additional five (5) years from the date of such Follow-On Investment and the relocation requirements in this Agreement shall be extended as agreed upon by the parties.
The Stockholders party to the Prior Agreement hereby acknowledge and agree that all obligations under Section 5.3 of the Prior Agreement with respect to the right to purchase shares of Preferred Stock following achievement of the Follow-On Investment Trigger (as defined in the Prior Agreement) were fully performed through consummation of the issuance, for the purchase and sale, of the Series A-3 Preferred Stock on February 5, 2021.
As a condition precedent to the consummation of the Follow-On Investment, but only if the Fund determines that the necessary approval can be obtained from the appropriate regulators, the Fund shall be entitled to one (1) nominee to Middlefield’s Board, as well as one (1) nominee on the boards of directors of each of MB and EB, subject to regulatory approval.
Upon the closing of the Follow-On Investment by the Investors (the “Closing Date”), the Company agrees to pay Reedland a cash commission of Two Hundred Eighty Thousand Dollars ($280,000), payable by wire transfer.
The offering price of the newly issued Common Shares (the “Issue Price”) in connection with the Initial Investment and the Follow-On Investment will be $16.00 per share.