Qualified Offering

Qualified Offering. Means the Offering so long as the Offering (i) is consummated on or prior to December 31, 2016, (ii) results in at least $10 million of gross proceeds, net of the underwriting discount and commissions, to the Company, (iii) results in the Common Shares being listed on the New York Stock Exchange or NASDAQ, (iv) whereby any Offering Warrants are issued (a) on no greater than a 1:1 basis with the Offering Shares (i.e., the Offering Warrants are not exercisable for a number of Common Shares... greater than the number of Offering Shares) and (b) at a per share exercise price at least equal to the per share price of the Offering Shares and (v) pursuant to which 100% of the Preferred Series C is converted to Common Shares, in each case, unless otherwise agreed in advance by GS in its sole discretion in a written instrument executed by a duly authorized officer of GS after the date hereof. View More

Qualified Offering. Means the closing of the sale of the securities of the Company, whether in a private placement or pursuant to an effective registration statement under the Securities Act resulting in at least $2,500,000.00 of gross proceeds to the Company.

Qualified Offering. Shall mean an offering of shares of Common Stock (including an Initial Public Offering if it would otherwise qualify as a Qualified Offering) for sale under the Securities Act pursuant to an effective registration statement, immediately following which sale the Company shall have satisfied all of its Obligations under the Financing Agreement.

Qualified Offering. A firm commitment underwritten public offering of the Company's Common Stock pursuant to an effective registration statement under the Securities Act of 1933, as amended (the "Act"), in which the price per share is at least $5.00 (subject to equitable adjustment in the event of stock splits and the like) and the aggregate gross proceeds to the Company from such offering are not less than $10,000,000.

Qualified Offering. Shall have the meaning set forth in the first paragraph of this Note.

Qualified Offering. Means, the combination of any one or more transactions in which the Company sells, grants, issues or disposes of any of the Company's debt, equity or equity equivalent securities, including without limitation any debt, preferred stock or other instrument or security that is, at any time during its life and under any circumstances, convertible into or exchangeable or exercisable for shares of Common Stock or Common Stock equivalents, which, commencing after the Closing Date, generate aggregate... gross proceeds of $15,000,000 or more. View More

Qualified Offering. Shall mean the Company's first firm commitment underwritten public offering of its Common Stock registered under the Securities Act

Qualified Offering. Means a firm commitment underwritten public offering of Vanguard's common stock registered under the Securities Act of 1933, as amended, with gross proceeds of not less than $50,000,000.

Qualified Offering. The meaning set forth in the Secured Convertible Promissory Note, dated March 22, 2011, issued to the Holder

Qualified Offering. The meaning set forth in the Note