Additional Capitalization. The Parties acknowledge that the Company will seek additional capital through a round of financing with one or more strategic investors and one or more financial institutions. It is anticipated the investors would receive approximately 10% of the outstanding shares in exchange for the investment, with the timing, valuation and other terms of the financing to be determined.
Additional Capitalization. As soon as practicable following the Closing Date, Nesco shall increase the number of shares of Nesco Common which it is authorized to issue to 400,000,000 shares, by obtaining all required security holder approvals therefor and filing an amendment to its certificate of incorporation to such effect as provided in the NRS substantially in the form of Exhibit 4.1 (the "Additional Capitalization Amendment"), which Amendment shall also provide for the Nesco Name Change as required by this Agreement. By executing this Agreement, each Nesco Signatory Stockholder acknowledges that such Stockholder has agreed to give its written consent to (a) the increase in the number of shares of authorized Nesco Common provided for in this Section 4.1 and (b) the filing of the Additional Capitalization Amendment, in each case, on the terms and conditions set forth in this Agreement.
Additional Capitalization. 10 4.2 Nesco Preferred Conversion . . . . . . . . . . . . . 10 4.3
Additional Capitalization. It is the intention of the Venturers that the Corporation's business and activities shall be conducted in such a manner that additional capital contributions shall not be required; to that end, the Venturers shall attempt to conduct activities of the Corporation in such a way that the Corporation's business can be conducted with the initial capital contributions as augmented by debt financing and proceeds from operations. However, to the extent that additional capital contributions are required, the Venturers shall make such additional capital contributions as agreed upon by the Board of Directors of the Corporation in accordance with its Bylaws.
Additional Capitalization. After Global has completed investing its initial capital contribution, Global shall have the exclusive right, but not the obligation, for a period of 120 days thereafter to make a second capital contribution in the amount of $100,000 (the "Second Contribution"). The decision whether to make the Second Contribution shall be made by Global in its sole judgment; and Global shall have no liability whatsoever should it elect not to make it. In consideration of the Second Contribution, Global shall be issued a total of 200,000 equity shares. Again, Global's Second Contribution shall be made at such times and in such increments as may be necessary to meet the Company's working capital requirements. Should the Company require additional capital after Global completes its Second Contribution, the parties agree that any additional working capital made available by Global to the Company shall be made in the form of loans upon terms to be agreed upon. The Company shall also have the right, subject to the agreement of the parties, to raise additional working capital through equity or debt offerings. Should Global elect to not make the Second Contribution, the Company shall be free to raise additional working capital from third parties.
Additional Capitalization. Unless otherwise mutually agreed by Republic and Zakaroff the parties shall not be required to contribute any other amounts to Oceanside. If the parties mutually agree to make further contributions to Oceanside, such further contributions shall be in proportion to the Partner’s Partnership Interest.
Additional Capitalization. No Limited Partner is obligated to make any additional contributions of capital to the Partnership or to subscribe for any additional Units. Any Limited Partner may, at any time upon notice to the other Partners and with the consent of the General Partner, increase its respective Capital Contribution. The Partners acknowledge and agree that such increase in Capital Contribution may be made from time to time with or without the issuance of LP Units.
Additional Capitalization. Within one hundred eighty (180) days after closing, the Buyer shall provide additional working capital and additional financing sources, in an amount not less than $2,000,000.00. Proceeds from the sale of "high line" vehicles shall be re- invested into the division of C&K which Doron Sauer shall operate pursuant xx Xxxxxxx 8.6 herein. It is understood that the inventory shall remain a corporate asset of C&K, however Buyer shall not transfer funds from the sale of "high line" vehicles from C&K, if the net value of C&K is less than $1,800,000.00, until all payments required by this Agreement are made. Buyer shall execute and cause to be filed a UCC financing statement in favor of Seller, in the amount of $1,300,000.00 which shall encumber the inventory of C&K, and shall be released upon payment of all sums due to Seller hereunder.
Additional Capitalization. Nothing in this Agreement is intended to preclude the Company from capitalizing Cygnet with cash preliminary to the delivery by the Escrow Agent to Cygnet of the Escrowed Subscription Funds pursuant to Section 3.1 or Cygnet from issuing stock, including common stock, in exchange therefor. To the extent not prohibited by law, Cygnet shall, at the request of the Company, redeem shares of Cygnet common stock acquired as a consequence of the capitalization of Cygnet by the Company at any time following the Closing Date but not later than 90 days following request by the Company therefor. Additionally, Cygnet shall be authorized to redeem such shares of Cygnet common stock held by the Company to the extent authorized pursuant to the terms of the Certificate of Designations attached as Exhibit C hereto. Further, nothing in this Agreement is 37 38 intended to preclude the Company from loaning amounts to Cygnet at any time or Cygnet from entering into agreements at any time for the repayment of any such loaned amounts.
Additional Capitalization. Nothing in this Agreement is intended to preclude the Company from capitalizing Cygnet with cash preliminary to the delivery by the Escrow Agent to Cygnet of the Escrowed Subscription Funds pursuant to Section 3.1 or Cygnet from issuing stock, including common stock, in exchange therefor. To the extent not prohibited by law, Cygnet shall at the request of the Company, redeem shares of Cygnet common stock acquired as a consequence of the capitalization of Cygnet by the Company at any time following the Closing Date but not later than 90 days following request by the Company therefor. Further, nothing in this Agreement is 37 38 intended to preclude the Company from loaning amounts to Cygnet at any time or Cygnet from entering into agreements at any time for the repayment of any such loaned amounts.
