Next Event definition

Next Event means the closing of Borrower’s next round of institutional private equity financing of at least $15,000,000 which first becomes effective after the Closing Date.

Next Event means the closing of Holdings’ next round of private equity financing which first becomes effective after the Closing Date and results in aggregate proceeds to any Borrower of at least $10,000,000.

Next Event means the earlier of (i) the effective date of an Initial Public Offering; (ii) the effective date of a Merger Event; or (iii) the closing of Borrower's next round of private equity financing.

Examples of Next Event in a sentence

• Such right shall be upon the same terms and conditions afforded to other investors in the Next Event.

• For purposes of calculating the numeric average herein, the price per share of the Next Event snail be capped at a fully diluted pre-money valuation of the Company (based on shares and options outstanding immediately prior to the Next Event) as of the Next Event of One Hundred Million Dollars ($100,000,000).

• Borrower will provide Lender with at least fifteen (15) days notice of the Next Event, including a copy of the most favorable terms and conditions afforded to other investors in the Next Event.

• The Exercise Price is the lesser of (i) $1.46 and (ii) the volume weighted average price for the 10 trading days immediately prior to May 7, 2008 (the “Current Price”), provided that if the Next Event does not occur by June 30, 2008, the Exercise Price from and after June 30, 2008 shall be the lesser of (i) the Current Price and (ii) the volume weighted average price for the 10 trading days immediately prior to June 30, 2008.

• The Holder shall not have any rights to amend this Warrant in the event the Company completes any financings subsequent to the Next Event.

More Definitions of Next Event

Next Event means the closing of Borrower’s subsequent equity financing which first becomes effective after the Closing Date.

Next Event means the closing of Borrower’s next round of private equity financing which first becomes effective after the Closing Date. “Notes” means the Promissory Notes in substantially the form of Exhibit B.

Next Event means (i) a private equity financing of at least Five Million Dollars ($5,000,000.00), (ii) a Merger Event, or (iii) Borrower's Initial Public Offering.

Next Event means the first closing after the Closing Date of the issuance of Borrower’s equity securities through a public or private offering for Cash the terms of which do not prohibit Lender from being given the option to purchase securities in such offering prior to closing of such offering.

Next Event means the first to occur of (a) the closing of an equity round of financing in the minimum amount of Two Million Five Hundred Thousand Dollars ($2,500,000.00); (b) an initial public offering or Merger or (c) the execution and funding of a strategic pharmaceuticals partner agreement for either Japan or Europe which includes a nonrefundable commitment to Borrower in the amount of Two Million Five Hundred Thousand Dollars ($2,500,000.00).

Next Event means the earlier of (1) the closing of Borrower’s next round of private or public equity financing; or (2) the effective date of a merger or consolidation of the Company with or into another corporation whether or not the Company is the surviving corporation, or (3) a distribution to shareholders in connection with the sale of all or substantially all of the Company’s properties and assets to any other person. The number and purchase price of such shares are subject to adjustment as provided in Section 8 hereof.

Next Event means the closing of Borrower's next round of private equity financing of at least $5,000,000 which first becomes effective after the Closing Date; provided, however, "Next Event" shall not include sales or issuances of securities of the Company in connection with joint ventures, licenses or other strategic transactions..