Qualified Equity Financing

Qualified Equity Financing. The term "Qualified Equity Financing" is an equity financing pursuant to which the Company sells shares of a new series of preferred stock with an aggregate sales price of not less than $10,000,000, including any and all convertible bridge notes (including Notes issued under the Note Purchase Agreement) which are converted into preferred stock and with the principal purpose of raising capital.

Qualified Equity Financing. Shall mean an Equity Financing resulting in cash proceeds to the Company of not less than $9,000,000 (including 100% of the principal amount of the Convertible Notes and the principal amount of 2006 Notes that opt to convert into Series C Preferred in connection with such Equity Financing).

Qualified Equity Financing. Shall mean an Equity Financing resulting in cash proceeds to Synovics of not less than $15,000,000 (including 100% of the principal amount of the Convertible Notes and the principal amount of 2006 Notes that opt to convert into Series C Preferred in connection with such Equity Financing); a summary of the currently proposed terms of the Qualified Equity Financing, subject to, among other things, definitive documentation, is attached hereto as Exhibit C.

Qualified Equity Financing. Means an equity financing or related series of equity financings pursuant to which the Company issues and sells equity securities in consideration of gross proceeds equal to at least Nine Million Dollars ($9,000,000).

Qualified Equity Financing. Shall mean any equity financing of the Company subsequent to March 2, 2001 with gross proceeds in excess of $10,000,000 less the aggregate stated liquidation value of all of the then outstanding shares of Series C Preferred Stock.

Qualified Equity Financing. Shall mean a bona fide equity financing in a single transaction or series of related transactions involving sales by the Company of its capital stock that result in gross proceeds to the Company of at least Four Million Dollars ($4,000,000).

Qualified Equity Financing. Shall mean an Equity Financing resulting in cash proceeds to the Company of not less than $3.0 million (including the principal amount of the Convertible Notes) substantially on the terms set forth in the term sheet attached hereto as EXHIBIT A. 9

Qualified Equity Financing. An Equity Financing with at least $10,000,000 of aggregate proceeds resulting therefrom (excluding, for the avoidance of doubt, the conversion of the Note in connection therewith).

Qualified Equity Financing. Means the next sale (or series of related sales) by the Company of its Equity Securities following the date of the initial issuance of the Notes, from which the Company receives gross proceeds of not less than $15,000,000 (excluding any and all indebtedness that is converted into such Equity Securities (e.g., the Notes)). 3

Qualified Equity Financing. Means any financing in which the Company sells equity securities that result in gross proceeds to the Company of not less than $12,000,000 (excluding conversion of any outstanding Notes) in the aggregate, including at least $4,000,000 from sophisticated, unrelated new investors; provided, however, that no financing in which the Company sells equity securities allowed for the private resale of such equity securities pursuant to Rule 144A of the Securities Act shall be considered a Qualified... Equity Financing. View More