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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Related to Trigger Financing

  • Other Financing shall have the meaning assigned to such term in Section 5.6(ii) hereof.

  • Securitization Financing means any transaction or series of transactions that may be entered into by the Borrower or any of its Subsidiaries pursuant to which the Borrower or any of its Subsidiaries may sell, convey or otherwise transfer to (a) a Securitization Subsidiary (in the case of a transfer by the Borrower or any of its Subsidiaries) or (b) any other Person (in the case of a transfer by a Securitization Subsidiary), or may grant a security interest in, any Securitization Assets of the Borrower or any of its Subsidiaries, and any assets related thereto, including all collateral securing such Securitization Assets, all contracts and all guarantees or other obligations in respect of such Securitization Assets, proceeds of such Securitization Assets and other assets that are customarily transferred or in respect of which security interests are customarily granted in connection with asset securitization transactions involving Securitization Assets.

  • Qualified Securitization Financing means any Securitization Financing of a Securitization Subsidiary that meets the following conditions: (i) the Board of Directors of the Borrower shall have determined in good faith that such Securitization Financing (including financing terms, covenants, termination events and other provisions) is in the aggregate economically fair and reasonable to the Borrower and the Securitization Subsidiary, (ii) all sales of Securitization Assets and related assets to the Securitization Subsidiary are made at fair market value (as determined in good faith by the Borrower) and (iii) the financing terms, covenants, termination events and other provisions thereof shall be market terms (as determined in good faith by the Borrower) and may include Standard Securitization Undertakings. The grant of a security interest in any Securitization Assets of the Borrower or any of its Restricted Subsidiaries (other than a Securitization Subsidiary) to secure Indebtedness hereunder and under any other Credit Agreement or any permitted additional Indebtedness with Pari Passu Lien Priority and any Refinancing Indebtedness with respect thereto shall not be deemed a Qualified Securitization Financing.

  • Co-financing means the financing referred to in Section 7.02 (h) and specified in the Loan Agreement provided or to be provided for the Project by the Co-financier. If the Loan Agreement specifies more than one such financing, “Co-financing” refers separately to each of such financings.

  • Alternative Financing has the meaning specified in Section 7.6(b).