Subsequent Round definition

Subsequent Round means the issuance and sale by the Company of Equity Securities at any time after the Initial Closing in one or more arms-length equity financings resulting in gross proceeds to the Company of at least $3.0 million, provided, that if the Company consummates more than one Subsequent Round, “Subsequent Round” shall mean the first Subsequent Round consummated by the Company.
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Subsequent Round means the closing of any Company financing involving the sale of Preferred Stock for cash which becomes effective after the Effective Date but before an Initial Public Offering. Subsequent Round shall exclude the Excluded Issuances.
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Subsequent Round means (i) a Series F preferred stock financing, (ii) the sale, conveyance disposal, or encumbrance of all or substantially all of Borrower's property or business or Borrower's merger into or consolidation with any other corporation (other than a wholly-owned subsidiary corporation) or any other transaction or series of related transactions in which more than fifty percent (50%) of the voting power of Borrower is disposed of ("Merger Event"), provided that a Merger Event shall not apply to a merger effected exclusively for the purpose of changing the domicile of the company or (iii) an initial public offering of Borrower's Common Stock, which has been declared effective by the SEC.
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Examples of Subsequent Round in a sentence

  • In order to convert all or any portion of the Principal Obligations, the Payee shall (i) surrender this Note, duly endorsed, at the office of the Payor and (ii) simultaneously with such surrender, notify the Payor in writing of its election to convert all or a portion of the Principal Obligations, which notice shall specify the amount of Principal Obligations to be so converted, and whether such conversion is for Common Stock or Subsequent Round Securities.

  • Written notice of a Subsequent Round of Financing stating the date on which such Subsequent Round of Financing is expected to become effective and describing the terms and conditions of such Subsequent Round of Financing shall be delivered by the Company to, and received by, the Payee not less than 10 days prior to the consummation of such Subsequent Round of Financing.

  • The Holder hereby agrees that, if a Subsequent Round Event occurs or if neither an IPO nor a Subsequent Round is completed on or before the First Anniversary, then, as a condition to exercise of this Warrant, the Holder, if not already a party to the Stockholders Agreement, will execute and deliver a counterpart signature page to the Stockholders Agreement and become an “Investor” party thereunder.

  • The Company shall provide Warrantholder with prior written notice of any Subsequent Round to occur after the Effective Date of this Agreement, which notice shall include (a) the price at which such stock or security is to be sold, (b) the number of shares to be issued, and (c) such other information as necessary for Warrantholder to determine if a dilutive event has occurred.

  • The July Notes are convertible into Subsequent Round Securities (as defined therein).

  • Subsequent to the effectiveness of the Rights Amendment, if any item is put to a vote which may or is required to be made separately by each series or class of equity securities, to the extent permitted by applicable law, the Series B Preferred Stock shall vote with and be considered a part of the series or class of securities issued in the Subsequent Round.

  • Completion of the issue of the Additional Shares must take place within ten Business Days of the closing date of the final Subsequent Round at the Company’s registered office.

  • The Company shall notify the holders of the Series B Preferred Stock of the anticipated closing date of the Subsequent Round and give such holders at least 15 days written notice prior to the closing date of the Subsequent Round.

  • Until March 31, 2001, if the Company issues equity securities pursuant to a subsequent round of preferred stock financing (the "SUBSEQUENT ROUND") with rights or preferences equal or superior to the rights or preferences of the Series B Preferred Stock, determined as set forth below, all of the rights under the Series B Preferred Stock shall, subject to the limitations set forth below, be amended to conform to the rights granted to the securities issued in the Subsequent Round (the "RIGHTS AMENDMENT").

  • The determination of the third party shall be binding upon the parties hereto and, if such third party determines that the rights of the securities to be issued in the Subsequent Round are equal or superior, then the Rights Amendment shall be effectuated and the rights of the Series B Preferred Stock shall be amended as set forth above.


More Definitions of Subsequent Round

Subsequent Round means the closing of any equity financing by the Company, which becomes effective after the closing of the Series D Preferred Stock financing (which, for the sake of clarity, shall not include any closing of the Company’s convertible debt financing pursuant to the Company’s Note and Warrant Purchase Agreement dated as of January 24, 2011).
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Related to Subsequent Round

  • Subsequent Closing Date means, with respect to each Subsequent Closing, the date on which such Subsequent Closing is deemed to have occurred.

  • Subsequent Sale means the sale of additional Securitization Property by the Seller to the Issuer after the Initial Transfer Date, subject to the satisfaction of the conditions specified in the Sale Agreement and the Indenture.

  • Subsequent Closing has the meaning set forth in Section 3.2.

  • Failed Remarketing Condition—Purchased VRDP Shares means that the Liquidity Provider acquires and continues to be the beneficial owner for federal income tax purposes of any shares of a Series of VRDP Shares in connection with purchases made pursuant to the Purchase Obligation (whether as a result of an unsuccessful Remarketing or a Mandatory Purchase) on any Purchase Date, including shares of a Series of VRDP Shares that the Liquidity Provider continues to be the beneficial owner of for federal income tax purposes after the expiration or termination of the VRDP Shares Purchase Agreement.

  • Series Closing Date means the date designated as such in the Series Term Sheet.