Qualifying Subscription definition
Examples of Qualifying Subscription in a sentence
During this period of ten business days, the Lender will still have the opportunity to exercise his or its Optional Conversion privilege as mentioned in Section 4(a)(ii) hereof, even before February 28, 2003 (i.e. even before a Qualifying Subscription has occurred and/or a Qualifying Fundraising is consummated).
From and after the date hereof, Concord may enter into additional Subscription Agreements if each such Subscription Agreement is a Qualifying Subscription Agreement.
In the event the Company does not enter into a Qualifying Subscription, every amount overdue under this Debenture shall bear interest from and after the date on which such amount first became overdue at an annual rate of fifteen percent (15%).
For purposes of this Debenture, a Qualifying Fundraising shall mean (i) a Qualifying Subscription and (ii) the consummation of the equity financing of the Company contemplated by the Qualifying Subscription by the close of business on February 28, 2003.