Permitted Financing

Permitted Financing. (i) the issuance by the Company of Common Stock upon conversion of the notes issued under the Loan Agreement in accordance with Section 8.1 of the Loan Agreement, (ii) the issuance by the Company of Common Stock upon the exercise of this Warrant and the other Warrants issued concurrently herewith to the other lenders that are parties to the Loan Agreement, in accordance with their terms, (iii) the sale by the Company of up to Ten Million Dollars ($10,000,000) of Common Stock sold at a price of... not less than $1.60 per share of Common Stock within three months after the issuance of this Warrant to retail and institutional investors, (iv) the sale by the Company of up to Twenty Five Million Dollars ($25,000,000) of Convertible Preferred Stock pursuant to the terms of the letter of intent being entered by the Company and MST Financial, LLC ("MST") concurrent herewith, (v) the issuance by the Company of Common Stock upon conversion of the debt contemplated to be issued pursuant to the terms of the letter of intent being entered by the Company and MST concurrent herewith and (vi) such other issuances by the Company which the Company and MST agree shall constitute an Exempt Offering. View More

Permitted Financing. The financing contemplated by the Indicative Summary Term Sheet dated as of March 2022, by and between Grove and the lenders party thereto or, if such financing is not consummated, any alternative debt or senior equity financing consummated by Grove prior to the Outside Date

Permitted Financing. Means the (i) incurrence of indebtedness by a Specified Investor (or an Affiliate thereof) to (A) finance a portion of its purchase of the Units, (B) finance a return of capital with respect to its investment in the Units (or the securities received in exchange or conversion of the Units), or (C) refinance or replace indebtedness described in this clause (i) and (ii) granting of liens by such Specified Investor to secure payment of such indebtedness, including on the Units and any shares of... Common Stock held by such Specified Investor (the "Collateral"). View More