JV definition
Examples of JV in a sentence
Following the Closing and subject to Section 5, the JV will fund the on-going operational needs of the Company in tranches (each, a “Post-Closing Funding Tranche”) upon the achievement of certain milestones (each, a “Post-Closing Milestone”), in each case as set forth on Exhibit B hereto.
JV will receive a warrant to purchase shares of Common Stock at a purchase price of $0.01 per share.
The Preferred Stock will be convertible into Common Stock, initially on a one-for-one basis at any time at the option of JV.
The Board and the Company shall cooperate with the JV in all fundraising activities necessary for the JV to perform its obligations under this Agreement.
The Board will be reconstituted, to consist of seven (7) Directors, with at least three (3) nominated in consultation with the JV.