Gross Cash Proceeds definition
Examples of Gross Cash Proceeds in a sentence
In the event that funds sufficient to satisfy the payments required to be made pursuant to subsections (iv)(a) and (iv)(b) above are unavailable, such payment obligations shall be pari passu, and any unpaid amounts thereof shall be paid from Gross Cash Proceeds subsequently received by the Company.
Banking fees in cash in an amount equal to (A) eight percent (8%) of the total gross cash proceeds received by the Client (“Gross Cash Proceeds”) in the Equity Financing if such financing is a public offering registered under the Securities Act of 1933, as amended (the “Securities Act”), and (B) ten percent (10%) of the Gross Cash Proceeds in the Equity Financing if such financing is not a public offering registered under the Securities Act.
The Board of BioPharma Credit plc (the "Company"), a newly incorporated investment trust, is pleased to announce the final results of the successful Placing, Offer, and PL Subscription.Following a book-building process, the Company has raised Gross Cash Proceeds of US$373,265,200 in aggregate through the Placing, Offer, and PL Subscription (being the direct subscription by Pablo Legorreta).
TPL shall cause all Gross Cash Proceeds generated from the Commercialization efforts to be paid directly to P-Newco.
Due to oversubscription for the Gross Cash Proceeds, the Joint Bookrunners, in consultation with the Company, decided to scale back PL Subscription to $20 million instead of $25 million.