Common use of Financing Transaction Clause in Contracts

Financing Transaction. All conditions to the consummation of the Financing (other than the consummation of the Preferred Stock Issuance) or of a replacement debt financing transaction or transaction(s) in the form of debt, shall have been satisfied or waived and such Financing or replacement debt financing shall be on terms, when viewed in the aggregate, no less favorable to Corporation than those set forth on Exhibit VIII.

Appears in 1 contract

Sources: Securities Purchase Agreement (Verrazano,inc.)

Financing Transaction. All conditions to the consummation of the Financing (other than the consummation of the Preferred Stock Issuance) or of a replacement debt financing transaction or transaction(s) in the form of debttransactions, shall have been satisfied or waived and such Financing shall be substantially on the terms and conditions set forth in the term sheet attached hereto as Exhibit VIII or such replacement debt financing shall be on terms, when viewed in the aggregate, no less favorable terms and conditions reasonably satisfactory to Corporation than those set forth on Exhibit VIIIPurchaser.

Appears in 1 contract

Sources: Securities Purchase Agreement (Verrazano,inc.)