Examples of Post-Closing Financing in a sentence
Except for finders that may receive finder’s fees in connection with the Post-Closing Financing in accordance with Exchange policies, the Purchaser has not engaged any broker or other agent in connection with the Transaction and, accordingly, there is no commission, fee or other remuneration payable to any broker or agent who purports or may purport to have acted for the Purchaser.
Commodore shall have received, on or prior to August 27, 1997, net proceeds from one or more public or private offerings of its debt and/or equity securities in an aggregate amount of not less than $10,500,000 (the "Post-Closing Financing"), all upon such terms and conditions as shall be satisfactory to the Board of Directors of Commodore.
The proportion of Innovate Common Stock and Innovate Preferred Stock issued in the Innovate Post-Closing Financing will be issued in amounts that are consistent with the Stock Ratio.
Section 6.5 of the Agreement is hereby deleted in its entirety and replaced with the following: “Innovate Post-Closing Financing.
The Amendment, among other things, revises the section that describes the closing as well as the sections describing the Company’s and the Post-Closing Investor’s conditions to the closing of the Post-Closing Financing to remove the Post-Closing Investor’s ability to waive certain conditions to the closing and references thereto.
In the event that the Definitive Financing Agreements do not require the issuance of all or any of the Origination Fee Shares to the Post-Closing Financing Provider(s),, then the Origination Fee Shares that are not issued to the Post-Closing Financing Provider(s) will be cancelled.
Investors shall have made written commitments to participate in the Innovate Post-Closing Financing in an aggregate amount equal to at least $10,000,000.
At the Closing, up to all of the Origination Fee Shares will be issued to the Post-Closing Financing Provider(s) if required by and in accordance with the provisions of the Definitive Financing Agreement(s).
As a result of these agreements, the RDD Share Portion depends on the aggregate amount of the Innovate Post-Closing Financing and the cash on hand of the Company as of the Effective Time, and the amount of the RDD Merger Shares depends on the Dilution Variable.
For the avoidance of doubt, no such adjustment shall be made in respect of any Post-Closing Financing.