Target Financing definition

Target Financing means the offering of Target Shares at a price of $77.64 per share for aggregate gross proceeds of between $500,000 and $1,000,000 to be completed by the Target by no later than the Target Financing Outside Date.
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Target Financing shall have the meaning assigned in section 4.2; and
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Examples of Target Financing in a sentence

  • At any time after the Target Financing Date has occurred until the Notes of such Purchaser have been fully paid in cash or converted into preferred stock in accordance herewith, each Purchaser shall have the right to convert all or any portion of the Notes held by such Purchaser into a number of Class B Shares equal to (i) the Outstanding Balance of the Notes to be converted plus any accrued but unpaid and uncapitalized interest thereon divided by (ii) the Conversion Price.

  • Upon release from the Escrow Account, the amount standing to the credit on the Escrow Account shall be applied by the Issuer towards (i) finance the Acquisition, (ii) repayment of principal and payment of accrued but unpaid interest and other costs and fees under or in relation to the Existing Target Financing (other than the Remaining Existing Target Financing), (iii) pay Transaction Costs, and (iv) finance general corporate purposes of the Group (including acquisitions).

  • The Financing shall have been raised and the proceeds thereof representing the Target Financing Raise shall be available to consummate the Transactions.