Examples of Qualified Offering in a sentence

Each Purchaser further covenants and agrees that immediately following the Lock-Up Period, each Purchaser shall enter into a leak-out agreement with the Company in a form reasonably acceptable to the Purchaser, for the sale of up to 10% per Trading Day of such number of shares of Common Stock received by the Purchaser following a mandatory conversion of the Debenture upon the consummation of the Qualified Offering, for an additional 60 days.
Each Purchaser covenants and agrees that concurrently with the closing of the Qualified Offering, the Purchaser shall enter into a lock-up agreement with the Company in a form reasonably acceptable to the Purchaser relating to all of the securities issued upon mandatory conversion of the Debenture for a period of 30 days from the closing of the Qualified Offering (the “Lock-Up Period”).

More Definitions of Qualified Offering

Qualified Offering means the first occurrence of an offering of the Company’s Common Stock which closes in one or more closings in connection with which the Company receives not less than $5,000,000 of gross cash proceeds from the sale of Common Stock on or before August 31, 2015 by Palladium Capital Advisors, LLC pursuant to the terms of an investment banking agreement between the Company and Palladium Capital Advisors, LLC, and thereafter by the Company or other placement agent until the Maturity Date (as defined in the Note) accelerated or otherwise.”

Qualified Offering means (a) any registered offering of Common Stock and/or Common Stock Equivalents that occurs after the Original Issue Date or (b) any financing (registered or private placement) (or series of financings) of Common Stock and/or Common Stock Equivalents with gross proceeds of, in the aggregate following the Original Issue Date, $4,000,000 or more that occurs after the Original Issue Date. As used herein, the term “Trigger Date” means the date the Company consummates a Qualified Offering.

Qualified Offering means the closing of the sale of the securities of the Company, whether in a private placement or pursuant to an effective registration statement under the Securities Act resulting in at least $2,500,000.00 of gross proceeds to the Company.

Qualified Offering means an offering pursuant to an effective registration statement in which Registrable Securities are sold (i) to an underwriter on a firm commitment basis for reoffering and resale to the public, (ii) in an offering that is a “bought deal” with one or more investment banks or (iii) in a block trade with a broker-dealer, but in each case shall not include any at-the-market offering programs of the Company.

Qualified Offering means an equity or debt financing for the account of the Company or its Subsidiaries in which shares of common stock, or securities, directly or indirectly, convertible into or exchangeable or exercisable for shares of common stock, or indebtedness is issued, which financing results in cumulative aggregate proceeds to the Company of at least $8 million.

Qualified Offering means a public or nonpublic offering of Covered Securities (other than Excluded Securities) solely for cash.

Qualified Offering means a public or nonpublic offering of Covered Securities for cash, and, for the avoidance of doubt, shall include all Covered Securities issued in respect of such offering pursuant to the exercise of preemptive rights.