Next Equity Round definition

Next Equity Round means the first sale and issuance by the Company after the Effective Date of shares of its preferred stock to one or more investors for cash for financing purposes in which the Company actually receives gross cash proceeds of at least $5,000,000;
Sample 1Sample 2
Next Equity Round means the “Next Equity Round” as defined in the Bridge Note.
Sample 1Sample 2Sample 3
Next Equity Round means the Borrower’s next bona fide round of preferred equity financing with Borrower’s existing investors which results in Borrower receiving net cash proceeds of at least Nineteen Million Five Hundred Thousand Dollars ($19,500,000), and upon Bank confirming the receipt of the same.
Sample 1Sample 2Sample 3

Examples of Next Equity Round in a sentence

  • For clarification purposes, the Holder's obligation to purchase the Allotted Amount in compliance with the Holder's notification in writing to Company as set forth hereinabove, shall in any event be subject to the Company entering and consummating the Next Equity Round within the time frame set forth in Section 5(b) hereunder.

  • Subject to the terms and conditions of this Agreement and the closing of the Next Equity Round, during the Supplemental Equipment Draw Period, Bank shall make advances (each, a “Supplemental Equipment Advance” and, collectively, the “Supplemental Equipment Advances”) not exceeding the Supplemental Equipment Line.

  • In the event the Company has not sold the equity securities, or has not entered into an agreement to sell the equity securities, within said ninety (90) day period, the Company shall not thereafter issue or sell any equity securities in a Next Equity Round without first offering such securities to the Holder in the manner provided above.

  • As a result, the total Investment Amount will convert into units representing % of the Company Capitalization prior to Next Equity Round, and the Lead Investor’s Investment Amount will convert into units representing % of the Company Capitalization prior to Next Equity Round.

  • The Company is not waiving any rights the Company may have to: (a) pursue claims against Employee relating to fraud or criminal conduct; (b) pursue claims which by law cannot be waived by signing this Agreement; (c) enforce this Agreement; and/or (d) challenge the validity of this Agreement.

  • In connection with the Next Equity Round, the Company shall take all action necessary to authorize a new series of Preferred Stock to be used both in connection with the Next Equity Round and as Conversion Shares that are consistent with the foregoing provisions and have been approved in accordance with Section 6.02(a).

  • The execution and delivery by the Company of this Agreement and the performance of all obligations of the Company hereunder, including the issuance to Warrantholder of the right to acquire the shares of Preferred Stock and the Common Stock into which it may be converted, have been (or will be, in the case of shares of capital stock issued in the Next Equity Round) duly authorized by all necessary corporate action on the part of the Company.

  • Additional antidilution rights applicable to the Preferred Stock purchasable hereunder are (or, in the case of shares of capital stock issuable in the Next Equity Round, will be) as set forth in the Charter and shall be applicable with respect to the Preferred Stock issuable hereunder.

  • Suitable for isolation (according to BS EN 60947-2) : the isolation of the circuit breakers is indicated by a green indicator on the toggle.

  • The Company shall use its best efforts to raise on or before December 31, 1999 $1,500,000 from persons other than Holder in connection with the sale of Preferred Stock having rights and preferences acceptable to the Holders of the Convertible Notes (as provided in and subject to the prepayment provisions of Section 6.02(a) above) and subject to the limitations set forth below (the "Next Equity Round").


More Definitions of Next Equity Round

Next Equity Round means the Borrower's next equity round closing after October 1, 2000 which yields at least Eight Million Dollars ($8,000,000) net cash proceeds.
Sample 1
Next Equity Round means the first sale and issuance by the Company, after the Effective Date but prior to the consummation of an Initial Public Offering, in a single transaction or series of related transactions, of shares of its capital stock or of securities or instruments convertible into or exercisable or exchangeable for shares of the Company’s capital stock, to one or more investors in a transaction not registered under the Act principally for equity financing purposes in which cash is received by the Company and/or debt of the Company is cancelled or converted in exchange for such shares of capital stock, convertible securities or instruments.
Sample 1

Related to Next Equity Round

  • Next Equity Financing means the next sale (or series of related sales) by the Company of its Preferred Stock following the Date of Issuance from which the Company receives gross proceeds of not less than $1,000,000 (excluding the aggregate amount of securities converted into Preferred Stock in connection with such sale (or series of related sales)).

  • First Equity Financing Price means (x) if the pre-money valuation of the Company immediately prior to the First Equity Financing is less than or equal to the Valuation Cap, the lowest price per share of the Equity Securities sold in the First Equity Financing or (y) if the pre-money valuation of the Company immediately prior to the First Equity Financing is greater than the Valuation Cap, the SAFE Price.

  • Parent Equity Plan shall have the meaning set forth in Section 4.6.

  • Stock Acquisition Date means the first date of public announcement (which, for purposes of this definition, shall include, without limitation, a report filed pursuant to Section 13(d) under the Exchange Act) by the Company or an Acquiring Person that an Acquiring Person has become such.

  • Parent Equity Plans means all employee and director equity incentive plans of Parent and agreements for equity awards in respect of Parent Common Stock granted under the inducement grant exception.

  • Net Equity ’ means, subject to such rules and regulations as the Commission pro- mulgates under the Act, with respect to the aggregate of all of a customer’s accounts that such customer has in the same capacity—

  • Net Equity Proceeds means the cash proceeds received from (i) any capital contribution from any member of the Borrower or (ii) the issuance of Capital Stock of the Borrower (other than to a Subsidiary or an employee stock ownership plan), net of the actual liabilities for reasonably anticipated cash taxes in connection with such incurrence, if any, any underwriting, brokerage and other customary selling commissions incurred in connection with such incurrence, and reasonable legal, advisory and other fees and expenses, incurred in connection with such incurrence.

  • New Equity means the common equity interests in Reorganized Neiman to be authorized, issued, or reserved on the Effective Date pursuant to the Plan.

  • Net Equity Value means, at any time, the total assets of the applicable business less the total liabilities of such business less the amounts attributable to the minority interest in such business, in each case as determined on a consolidated basis, in accordance with GAAP, subject to the last sentence of the definition of Capitalization Value.

  • Shares Acquisition Date means the first date of public announcement by the Company or an Acquiring Person that an Acquiring Person has become such.

  • Make-Whole Acquisition Stock Price means the consideration paid per share of Common Stock in a Make-Whole Acquisition. If such consideration consists only of cash, the Make-Whole Acquisition Stock Price shall equal the amount of cash paid per share of Common Stock. If such consideration consists of any property other than cash, the Make-Whole Acquisition Stock Price shall be the average of the Closing Price per share of Common Stock on each of the 10 consecutive Trading Days up to, but not including, the Make-Whole Acquisition Effective Date.

  • sweat equity shares means equity shares issued by a company to its employees or directors at a discount or for consideration other than cash for providing know-how or making available rights in the nature of intellectual property rights or value additions, by whatever name called;

  • Holdings Common Stock means the common stock, par value $0.01 per share, of Holdings.

  • Company Equity Plan means any management equity or stock option or ownership plan or any other management or employee benefit plan of the Company or any Subsidiary of the Company.

  • Existing Common Stock means shares of common stock of Delphi that are authorized, issued, and outstanding prior to the Effective Date.

  • Stock Acquisition means the purchase or other acquisition by Borrower or any of its Subsidiaries of all of the Equity Interests (by merger, stock purchase or otherwise) of any other Person.

  • First Trading Date means 28 September 2022.35 Kalendertagen nach dem Bewertungstag folgt. Zur Klarstellung: die Frist von 35 Kalendertagen ist zwingend und kann weder durch die Emittentin noch den Gläubiger abbedungen werden.

  • Qualifying Capital Securities means securities (other than Common Stock, Rights to acquire Common Stock or securities exchangeable for or convertible into Common Stock) that, in the determination of the Corporation’s Board of Directors (or a duly authorized committee thereof) reasonably construing the definitions and other terms of this Replacement Capital Covenant, meet one of the following criteria:

  • Available Equity Amount means a cumulative amount equal to (without duplication):

  • New Ordinary Shares means the new Ordinary Shares arising on Conversion of the C Shares;

  • Equity Preferred Securities means, with respect to any Person, any trust preferred securities or deferrable interest subordinated debt securities issued by such Person or other financing vehicle of such Person that (i) have an original maturity of at least twenty years, and (ii) require no repayments or prepayments and no mandatory redemptions or repurchases, in each case, prior to the first anniversary of the latest Maturity Date.

  • Early Preference Share Valuation Date means the date specified as such in the relevant Early Preference Share Redemption Notice which shall fall not less than one day and not more than 180 days following the day such Early Preference Share Redemption Notice is given. The Early Preference Share Redemption Notice may provide that such date is subject to adjustment in accordance with certain disruption or adjustment events, as determined by the Calculation Agent.

  • Class A Ordinary Share Value means, as of the close of business on the day preceding the date, the volume weighted average trading price of the Class A Ordinary Shares on all trading platforms or trading systems on which the Class A Ordinary Shares are being traded over the forty-five (45) trading days then ended, provided, that if the total aggregate trading volume over such 45-trading-day period is less than 5% of the public float, such period shall be extended to the ninety (90) trading days then ended, provided, further, if the total aggregate trading volume over such 90-trading-day period is less than 5% of the public float, the holder of the Class B Ordinary Shares shall request that the Board obtain an appraisal of the value of the Class A Ordinary Shares from one or more independent nationally-recognized third party appraisal companies and such appraisal shall constitute the Class A Ordinary Share Value.

  • Equity Event is the receipt by Borrower on or after the Effective Date of unrestricted net cash proceeds of not less than Forty Million Dollars ($40,000,000.00) from the issuance and sale by Borrower of its equity securities, on or before March 31, 2016 and the receipt of evidence thereof by Collateral Agent on or before such date, which evidence must be reasonably acceptable to Collateral Agent.

  • Working Capital Shares shall have the meaning given in the Recitals hereto.

  • Company Capital Stock means the Company Common Stock and the Company Preferred Stock.