Preferred Stock Financing definition

Preferred Stock Financing shall have the meaning provided in the recitals to this Agreement.

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Preferred Stock Financing means AVROBIO’s first issuance and sale of shares of a newly-authorized series of preferred stock (e.g., Series B preferred stock) after the date of this Agreement to venture capital funds or other institutional investors in an equity financing with gross proceeds to the Company from sales occurring after the date of this Agreement of not less than [***].

Preferred Stock Financing means Borrower's Series D Preferred Stock financing with gross proceeds to Borrower of at least $5,000,000 and at a pre-money valuation not to exceed $86,000,000.

Examples of Preferred Stock Financing in a sentence

AVROBIO shall notify BioMarin of the completion of the Preferred Stock Financing within [***] after such completion and shall notify BioMarin of any failure to complete the Preferred Stock Financing no later than [***] following the Preferred Stock Financing Deadline.
In the event AVROBIO does not complete the Preferred Stock Financing by the Preferred Stock Financing Deadline and has not completed a Change of Control, then AVROBIO shall pay to BioMarin a non-creditable, non-refundable license fee of [***] within [***] of the Preferred Stock Financing Deadline in lieu of the obligation to issue Preferred Stock set forth in clause (b) above.
The Borrower will use the proceeds of the Closing Date Term Loans, the Revolving Credit Loans (if any), the Preferred Stock Financing and cash on hand to effect the Transactions on the Closing Date.
As a condition to its receipt of any Preferred Stock, BioMarin will enter into AVROBIO’s investor rights agreement, voting agreement, and right of first refusal and co-sale agreement, or other similar agreements, all on the same terms and conditions as the other investor(s) in the Preferred Stock Financing.
The Borrower will use the proceeds of the Initial Term Loans, the Revolving Credit Loans (if any), the Preferred Stock Financing and cash on hand to effect the Transactions on the Closing Date.

More Definitions of Preferred Stock Financing

Preferred Stock Financing has the meaning set forth in the Recitals.

Preferred Stock Financing means Buyer’s financing round in which Buyer raises not less than Two Million Dollars ($2,000,000) through the sale of its Series A preferred stock, pursuant to terms and conditions substantially similar to those established in the “Financing Term Sheet” attached as Exhibit F.

Preferred Stock Financing means the issuance by Holdco to Bombardier Inc. or its Affiliates of preferred equity of Holdco of not less than Cdn$50.0 million.

Preferred Stock Financing means the issuance by the Company to the Prentice Investors of a new series of its convertible preferred stock on terms and conditions acceptable to the Prentice Investors in their sole discretion.

Preferred Stock Financing. The definition of “Preferred Stock Financing” in Section 1.1 of the Agreement is hereby deleted in its entirety.

Preferred Stock Financing shall have the meaning given such term in Section 5.1(i).

Preferred Stock Financing means the financing pursuant to the ------------------------- PIK Preferred Stock offering and the PIK Preferred Documents.