Trigger Financing definition

Trigger Financing means any securities, capital raising, loan, investment or other transaction, or series of related transactions, whether publicly offered or privately arranged, resulting in a debt and/or equity financing of the Company or any Subsidiary.
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Trigger Financing means any securities, capital raising, loan, investment or other transaction, or series of related transactions, whether publicly offered or privately arranged, resulting in a debt and/or equity financing of the Company or any Subsidiary of $5,000,000 or more (whether or not fully borrowed or funded).
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Trigger Financing means the first to occur of (A) any sale of equity securities by the Corporation to institutional investors, at least one of which is not, at the time of such sale, a stockholder of the Corporation (the “New Investor”) in a transaction (x) yielding gross proceeds to the Corporation of at least $15,000,000 and (y) in which the New Investor invests no less than $7,000,000 in such equity securities or (B) any sale of equity securities by the Corporation in a transaction deemed to be a Trigger Financing hereunder by the Corporation’s Board of Directors (including the affirmative vote of the JJDC Director (as defined in the Second Amended and Restated Voting Agreement dated on or about September 28, 2012, among the Corporation and certain of its stockholders, as may be amended from time to time (the “Voting Agreement”)), for so long as ▇▇▇▇▇▇▇ & ▇▇▇▇▇▇▇ Development Corporation or its successors or assigns is entitled to designate a director of the Corporation pursuant to the Voting Agreement or the Skyline Director (as defined in the Voting Agreement) for so long as Skyline Venture Partners V, L.P. or its successors or assigns is entitled to designate a director of the Corporation pursuant to the Voting Agreement).
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Examples of Trigger Financing in a sentence

  • In accordance with Section 3.2.1 of the License Agreement, no Additional Closings shall occur and no Additional Shares shall be issued to the Purchaser under the Agreement after the Trigger Financing (as defined in the License Agreement) has occurred.

  • Trigger Financing and the total number of Licensee’s Equity Securities; each such capitalization table calculated on a fully diluted basis.

  • Prior to a Trigger Financing, shares of Series __ Preferred Stock shall not be entitled to vote on matters submitted for shareholder vote, except as otherwise required or permitted by law.

  • If at any time after the Effective Date, and before the Trigger Financing, Licensee issues any Equity Securities, then in such event, Licensee shall issue additional shares of common stock to The University such that immediately after such issuance, the total number of shares issued to The University under this Section 3.2.1 constitutes percent ( %) of the total number of Equity Securities on a fully diluted basis.


More Definitions of Trigger Financing

Trigger Financing means completion of capital raises of a minimum of Fifteen ($15,000,000) million of either new equity financing (excluding any refinancing of notes or other convertible structures), or any sale, merger, acquisition, joint venture or similar material corporate event involving the Company or its assets.
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Trigger Financing means the date on which Licensee receives a cumulative total of million dollars ($ ,000,000) in cash in exchange for the issuance of Equity Securities.
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