Minimum Offering Proceeds definition

Minimum Offering Proceeds. The minimum amount of Capital Contributions and Non-Capital Contributions which must be raised by the Company in a given mini-maxi securities offering before any of the Contributions for that offering may be Closed-on and thereby made the property of the Company, as would be specifically set forth in the Offering Circular and the Subscription Agreement. THIS IS NOT A MINI-MAXI OFFERING AND THERE IS NO SUCH Offering Minimum OTHER THAN THE VALUE OF THE ONE (1) UNIT MINIMUM PURCHASE REQUIREMENT PER Investor.
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Minimum Offering Proceeds means One Million Dollars US($1,000,000).
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Examples of Minimum Offering Proceeds in a sentence

  • If the Company obtains at least the Minimum Offering Proceeds and satisfies the Nasdaq listing requirements, the offering proceeds will be released to the Company.

  • In the event that the Company does not receive in cash the Minimum Offering Proceeds and satisfy the Nasdaq listing conditions by the expiration of the Offering, all escrowed funds shall be returned to the Subscriber and all other purchasers of Class A Common Stock in the Offering without interest or deduction.

  • Affiliates of the Company may invest in this offering on the same terms and conditions as the public investors participating in the Offering, and any shares of Class A Common Stock purchased by affiliates will make up a portion of the Minimum Offering Proceeds needed to complete the Offering.

  • The Registration Statement relates to the offering by the Company of a minimum of 434,000 shares of the Company's common stock ("Common Stock") at an offering price of $5.00 per share, and 900,000 rescission shares of Common Stock at the price of $1.00 per share ("Minimum Offering"), for total minimum offering proceeds of $3,070,000 ("Minimum Offering Proceeds").

  • Within one (1) Business Day after receipt by Escrow Agent of the Minimum Offering Proceeds, Escrow Agent shall disburse the Escrowed Funds being held in the Escrow Account to Efox.

  • Pending receipt of the Minimum Offering Proceeds and satisfaction of the Nasdaq listing requirements, all funds received from subscribers to shares of the Class A Common Stock will be held in a special escrow account at SunTrust Bank, Atlanta, Georgia.

Related to Minimum Offering Proceeds

  • Net Offering Proceeds means all cash or other assets received by the REIT or Borrower as a result of the sale of common stock, preferred stock, partnership interests, limited liability company interests, Convertible Securities or other ownership or equity interests in the REIT or Borrower less customary costs and discounts of issuance paid by the REIT or Borrower, as the case may be.

  • Minimum Offering means the number Shares so designated on Exhibit A hereto.

  • Maximum Offering means, with respect to some or all participants in the Non-423(b) Plan Component, a maximum number or value of shares of the Common Stock made available for purchase in a specified period (e.g., a 12-month period) in specified countries, locations or to Employees of specified Designated Subsidiaries. Such maximum shall be determined by the Board (or a committee authorized by the Board) in such a manner as to avoid securities filings, to achieve certain tax results or to meet other Company objectives.

  • Maximum Offering Size has the meaning set forth in Section 2(d);

  • Minimum Offering Notice means a written notification, signed by Broker, pursuant to which the Broker shall represent (1) that subscriptions for the Minimum Offering have been received, (2) that, to the best of Broker’s knowledge after due inquiry and review of its records, Cash Investment Instruments in full payment for that number of Shares equal to or greater than the Minimum Offering have been received, deposited with and collected by NCPS, (3) and that such subscriptions have not been withdrawn, rejected or otherwise terminated, and (4) that the Subscribers have no statutory or regulatory rights of rescission without cause or all such rights have expired.