Series B Financing definition

Series B Financing shall have the meaning set forth in the second paragraph of this Agreement.

Series B Financing means the issuance and sale of Series B Preferred Stock pursuant to the terms of the Series B Convertible Preferred Stock Purchase Agreement, dated as of February 4, 2003, entered into among Elixir and the Purchasers named therein, as amended by those Amendments Nos. 1, 2 and 3 dated July 9, 2003, September 24, 2003 and February 2, 2004, respectively.

Series B Financing shall be Avro’s next round of financing after the Series A Financing.

Examples of Series B Financing in a sentence

• The Mayor and Clerk-Treasurer are hereby authorized to arrange for the delivery of the Bonds to the trustee named in the Series A Bonds Indenture and Series B Bonds Indenture, and after payment in the manner set forth in the Series A Financing Documents and Series B Financing Documents the Bonds shall be delivered by the trustee to the respective purchasers thereof.

• The forms of the Series A Financing Documents and the Series B Financing Documents presented herewith are hereby approved and all such documents shall be kept on file by the Clerk-Treasurer of the City (the “Clerk-Treasurer”).

• Gessow’s firm Sunterra (whose predecessor name was Signature Resorts) held a 4% interest in Tailwind after the Series B Financing.

• The proposed financing of the Public Improvements Project and the Apartment Project, including capitalized interest, if any, and costs of issuance of the Bonds, as further described in the Series A Bonds Financing Documents and in the Series B Financing Documents, respectively, by the issuance of the Bonds, in the form proposed by the Economic Development Commission, is hereby approved.

• Of particular relevance here, View purported to ratify the Series B Financing that the JAMS arbitrator had ruled was void and invalid, and built off of that to ratify all subsequent financing rounds View had undertaken throughout the pendency of the JAMS Arbitration.14Through the termination of the Voting Agreement, View reconstituted its Board from a five-member to an eleven-member Board, removing Nguyen from the Board in the process.

More Definitions of Series B Financing

Series B Financing means the closing by the Company, in one or more transactions consummated subsequent to June 29, 2009, of an aggregate of at least $6,000,000 in equity and/or debt financing.

Series B Financing means the sale of up to approximately 3,200,000 shares of Series B Preferred at a purchase price of $4.71 per share pursuant to the Series B Preferred Stock Purchase Agreement.

Series B Financing means the convertible preferred Series B equity financing contemplated by the Series B Financing Agreement, including any such financing at the initial closing contemplated thereby.

Series B Financing means an equity financing by a third party investor with pre money valuation of the Company at [***] and the investment amount of no less than [***]; ​ ​ INFORMATION IN THIS EXHIBIT IDENTIFIED BY BRACKETS IS CONFIDENTIAL AND HAS BEEN EXCLUDED PURSUANT TO ITEM 601(B)(10)(IV) OF REGULATION S-K BECAUSE IT (I) IS NOT MATERIAL AND (II) WOULD LIKELY CAUSE COMPETITIVE HARM TO CASI PHARMACEUTICALS, INC. IF PUBLICLY DISCLOSED. *** Triple asterisks denote omissions ​ ​

Series B Financing means any venture capital, institutional or other equity security financing or debt financing with an equity component which is for the account of the Company at which time the aggregate gross proceeds received (or commitments for amounts to be received) by the Company (excluding conversion of the amounts outstanding under certain promissory notes issued by the Company in April 2007) equals or exceeds $10 million; (ii) the term “Fully Diluted Capital” shall mean, without duplication, the aggregate number of shares of Common Stock outstanding immediately after the consummation of the Series B Financing, including, without limitation, all shares of Common Stock issued or issuable upon the conversion of all outstanding shares of the Company’s preferred stock, all shares of Common Stock issued or issuable upon exercise, conversion or exchange in full of all unvested and vested stock options granted under the Plan, all shares of Common Stock reserved for issuance under the Plan and not otherwise subject to options granted under the Plan and any warrants to acquire shares of capital stock of the Company; (iii) the term “First Qualified Collaboration” shall mean any joint venture, co-development, collaboration or license arrangement with any national or international drug or bio-pharmaceutical company relating to one or more of the Company’s products, compounds or solutions in which the Company receives aggregate gross proceeds (or firm non-terminable commitments for amounts to be received) of at least $20 million (and for purposes of calculating such amount, any and all amounts attributable to the purchase and sale (or commitment to sell in the future) of any security of the Company shall be excluded, including without limitation, any amounts attributable to the sale of shares of the Company’s capital stock, rights to acquire shares of the Company’s capital stock, warrants and options) within 24 months after the effective date of the definitive agreement(s) relating to any such joint venture, co-development, collaboration or license arrangement; (iv) the term “Clinical Trial Milestone” shall mean, with respect to any of the Company’s products, compounds or solutions, the first human dosing in a phase II clinical trial approved by the U.S. Food and Drug Administration or an analogous human clinical trial in

Series B Financing means any venture capital, institutional or other equity security financing or debt financing with an equity component which is for the account of the Company at which time the aggregate gross proceeds received (or commitments for amounts to be received) by the Company (excluding conversion of the amounts outstanding under certain promissory notes issued by the Company in April 2007) equals or exceeds $10 million and (ii) the term “Fully Diluted Capital” shall mean, without duplication, the aggregate number of shares of Common Stock outstanding immediately after the consummation of the Series B Financing, including, without limitation, all shares of Common Stock issued or issuable upon the conversion of all outstanding shares of the Company’s preferred stock, all shares of Common Stock issued or issuable upon exercise, conversion or exchange in full of all unvested and vested stock options granted under the Plan, all shares of Common Stock reserved for issuance under the Plan and not otherwise subject to options granted under the Plan and any warrants to acquire shares of capital stock of the Company.

Series B Financing means the financing of Pyxis, whereby Pyxis obtains a minimum of [***] from the sale and issuance of shares of Pyxis’s Series B Preferred Stock (the “Series B Preferred Stock”) in one or more closings, pursuant to the Series B Preferred Stock Purchase Agreement.