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.
View Source
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.
View Source
Next Event means the closing of Borrower's next round of private institutional equity financing which (i) first becomes effective after the Closing Date, (ii) results in net proceeds to the Borrower of at least $5,000,000 and (iii) the securities sold in such financing are other than Borrower's Series D Convertible Preferred Stock.
View Source

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.

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

  • Lender or its assignee or nominee shall have the right, in its discretion, pursuant to that certain letter agreement between Lender and Borrower dated as of the Closing Date, to purchase shares of Borrower’s securities having an aggregate purchase price of up to $2,000,000 in the Next Event on the same terms and conditions afforded to other investors in the Next Event, all as more fully described in the letter agreement, the terms of which supersede this provision.

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