THIRD-PARTY FINANCING

THIRD-PARTY FINANCING. Means Dynavax's closing of its first financing after the Effective Date in which Dynavax receives cash through the sale of its debt or equity securities, other than (i) the sale of its equity or debt securities to a corporate partner in connection with and as part of a product licensing transaction for other than a TZP Product, to the extent the amount invested is to be applied to support development of such product by Dynavax, or (ii) the sale of shares through exercise of options granted to... employees or consultants under stock option plans or exercise of warrants outstanding on the Effective Date. View More