Future Financing Transaction definition
Future Financing Transaction means any financing (or series of related financings) of the Company (other than in connection the purchase and sale of the Shares and Warrants contemplated hereby) that closes within 180 days after the date hereof and involves the issuance of any securities or instruments (other than debt securities with no equity feature) of the Company in which the aggregate gross proceeds to the Company equals or exceeds $10 million.
Future Financing Transaction means any financing (or series of related financings) of the Corporation (other than in connection with the Corporation’s sale of Series D Preferred Stock and warrants to purchase shares of Common Stock pursuant to the 2006 Purchase Agreement) that closes within 180 days after the Series D Original Issue Date and involves the issuance of any securities or instruments (other than debt securities with no equity feature) of the Corporation in which the aggregate gross proceeds to the Corporation equals or exceeds $10 million; and
Future Financing Transaction means any financing (or series of related financings) of the Company (including in connection with the purchase and sale by the ROFR Offerees upon exercise of the ROFR Rights set forth in Section 1.4 hereof) that closes within 270 days after the Closing Date and involving the issuance of a Future Financing Security in which the aggregate gross proceeds to the Company equals or exceeds $2.5 million.
Examples of Future Financing Transaction in a sentence
For the avoidance of doubt, the Investors acknowledge and agree that the Company shall have no obligation under this Section 3.6 to issue Additional Warrants if a Future Financing Transaction is not consummated within the time period specified in the Certificate of Designations (i.e., 180 days after the date hereof).
All Additional Warrants shall be issued and delivered to the Investors at the closing of such Future Financing Transaction.
All other provisions of this Section 3.1 shall apply to Greenway in connection with such Future Financing Transaction.
More Definitions of Future Financing Transaction
Future Financing Transaction means any transaction (or series of related transactions) in which the Corporation issues, on or before the date 270 days after the Series E Original Issue Date (the “Cut-Off Date”), Future Financing Securities, which results in the payment of net proceeds to the Corporation on or before the Cut-Off Date of at least $2,500,000; provided that the Corporation’s sale of up to 22,000 shares of Series E Preferred Stock and Warrants pursuant to the 2006 Purchase Agreement shall not be a Future Financing Transaction; and