Financing Round definition

Financing Round a subscription for equity in the Company by one or more persons raising an aggregate of at least £[●] (excluding the Aggregate Advance Subscriptions), which amount can be raised in one or in a series of fundraisings on or before the Longstop Date;3

Financing Round shall have the meaning assigned to that term in Section 1,10.

Financing Round means the next issuance of shares of the Company in which the Company receives equity proceeds from new investments (not including the conversion of the Loan or other loans) by the shareholders of the Company and/or new investors (the "FR Investors").

Examples of Financing Round in a sentence

• Based on this analysis, the Company concluded that there was no beneficial conversion feature at issuance.However, the conversion terms are subject to change in the event of a Financing Round.

• As of December 31, 2010, all of the Convertible Notes Payable had been converted into Common Stock.As a result of the Financing Round in March 2010, the Company recorded the previously measured contingent beneficial conversion feature as a discount on the notes and additional paid-in capital.

• The notes convert at the offering price of such financing.Certain of the notes entitled the holders to receive either a 10% or 20% discount on the conversion price if the notes were converted in connection with a Financing Round prior to the maturity date.

• The Company and the Founders shall be vigilant and oversee this obligation in negotiating and signing the term-sheet for the Next Financing Round and ensure that no such restriction is include such term-sheet or other transaction document forming part of the Next Financing Round.

• Within a period of 15 (Fifteen) days from the Redemption Trigger Date (“Subscription Shares Exit Period”), the Company and the Founders will use their commercially reasonable best-efforts to undergo a Next Financing Round and provide KAS an exit option with respect to its Subscription Shares in the form of redemption of the Subscription Shares against the payment of Redemption Amount as mentioned in Clause 8.1, within 30 (Thirty) Business Days of the completion of Next Financing Round by the Company.

More Definitions of Financing Round

Financing Round. (as set forth in this sample agreement) is defined as the contribution of "real" equity proceeds to the company by an investor (external investor or existing shareholder) against issuance of shares (by capital increase or share transfer). Equity-like or mezzanine investments (like convertible loans) are usually not included under the term "financing round" and therefore do not trigger the conversion of the loan. Alternatively, the triggering event may be defined as a "qualified financing round", which means that the conversion of the loan only takes place if the financing round reaches a certain minimum investment amount (which presumably makes the subscription price underlying the conversion more reliable). In such case, section 4.2 would usually provide for a conversion obligation instead of the conversion right of the investor. If, prior to the Maturity Date and provided that (i) the Loan (including interest) has not been repaid in full in accordance with this Agreement and (ii) no repayment has been requested by the Lender due to an Event of Default, a binding investment agreement or a similar agreement regarding a Financing Round is signed (the "FR Signing Date"), the Lender shall have the right to irrevocably waive the repayment of the entire unpaid portion of the principal amount of the Loan ("Outstanding Principal Amount") and all accrued and unpaid interest due as of the FR Signing Date (the "FR Accrued Interest") against issuance of shares in the Company issued in the course of the Financing Round (the "FR Conversion Shares") at an issue price of EUR 1 per each EUR 1 (the "Conversion Issue Price") of the subscribed nominal amount of FR Conversion Shares.

Financing Round means the next issuance of securities by the Company for cash or the exchange of debt or both taking place after the Closing and prior to the Note’s maturity date.

Financing Round means the closing by the Corporation of a bona fide sale of securities in a single transaction or a series of related transactions in conformity with the terms of this Agreement and the Certificate (including receipt of any required approvals of the Investors provided for herein and/or therein) and which results in gross proceeds to the Corporation of at least $25,000,000.

Financing Round means an equity investment in the Company completed through issuance of ADSs in a public offering or a bona fide private financing (within the meaning of New York Stock Exchange Rule 312.04(g)) to which third party investors would subscribe to, on or before the Maturity Date. Interest has the meaning ascribed to it under Article 3 below. Loan has the meaning ascribed to it under Recital (B) above. New ADSs has the meaning ascribed to it under Article 6 below. Note has the meaning ascribed to it under Recital (C) above. Note Purchase Agreement has the meaning ascribed to it under Recital (C) above. Material Adverse Effect means a material adverse effect on (a) the business, assets, management, operations or financial condition of the Company or of the Company and its subsidiaries taken as whole; or (b) the ability of the Company to perform its obligations under this Agreement; or (c) the validity, enforceability of, or the effectiveness or ranking of the rights or remedies of the Lender under this Agreement. Maturity Date has the meaning ascribed to it under Article 4 below.

Financing Round means any form of equity financing in the capital stock of the Company, including in the form of: (i) convertible notes and/or SAFE instruments; or (ii) reverse merger with a shell company provided that an amount of at least $2,000,000 is made available for operational purposes in the shell company at the closing of such reverse merger or subsequently raised by the shell company, but excluding, for the avoidance of doubt, any form of non-convertible debt, grants and like payments. A Qualified Financing may occur in several phases that accumulate to at least $2,000,000. In addition, separate series of financing rounds that occur in the same 12-month period will be considered a Qualified Financing as long as they accumulate to at least $2,000,000.

Financing Round means a subscription for shares in the Company by one ormore investors in a bona fide financing round under which the Company raises in aggregate at least £2,000,000 (or such lower amount as may be determined by the Subscriber in writing) excluding the Advance Subscription Funds;

Financing Round means any transaction or series of related transactions in which the Company issues equity securities in return for an aggregate consideration, of not less than US$1,000,000 (excluding the Loan Amount).