Equity Proceeds

Equity Proceeds. The aggregate proceeds (which, to the extent received in a form other than cash, shall be deemed to be a cash amount equal to the fair market value of the non-cash proceeds) received by or on behalf of the Company or any of its Subsidiaries at any time and from time to time from or in respect of the issuance and/or exercise of any equity securities and/or any options, warrants, convertible securities or other rights to purchase or acquire equity securities of the Company or any Subsidiary other... than (i) issuances of securities under any Option Plan or similar plan approved by the stockholders of the Company, (ii) the exercise of any option granted or to be granted under any Option Plan or similar plan approved by the stockholders of the Company or (iii) the exercise of the Warrants, in each case net of any underwriting commissions, placement agent fees and other reasonable expenses paid or incurred by the Company in respect thereof (exclusive of any amounts paid or payable to officers, directors or other affiliates of the Company or any Subsidiary). View More

Equity Proceeds. Shall mean any and all sums invested in the Company (including dividend reinvestment) on or after the date hereof in the nature of equity including, without limitation, common and preferred stock (whether or nor convertible into common stock), options or warrants to acquire stock, and subordinated debt (whether or not convertible into stock), net of any reasonable and customary costs of sale and issuance of such equity