Capitalization Event. Upon the occurrence of any Capitalization -------------------- Event, the Borrower shall prepay Advances in an amount equal to 100% of the Net Cash Proceeds of such Capitalization Event on the Business Day such Net Cash Proceeds are received by the Borrower or the Parent, as applicable (or, in connection with a Borrower Capitalization Event only, upon payment in full of all outstanding Advances, to deposit with the Administrative Agent into the Cash Collateral Account an amount equal to the lesser of the amount of the Letter of Credit Exposure or the remaining Net Cash Proceeds).
Capitalization Event. Borrower shall provide the Bank with evidence, such evidence being satisfactory to the Bank, that Borrower has completed the Capitalization Event on or before May 27, 1999."
Capitalization Event. Any of the following: (i) A firm-commitment, underwritten public offering of WI common stock, at a price per share exceeding $7.50, pursuant to an effective registration statement under the Securities Act of 1933, as amended, resulting in at least $25,000,000 in gross proceeds to WI; or (ii) a private placement of WI preferred shares, closing at least nine (9) months after the Effective Date.
Capitalization Event. Borrower shall, on or after July 1, 2004 but before September 30, 2004, receive cash proceeds from the issuance of equity securities of the Borrower and/or subordinated debt incurred by the Borrower in the aggregate amount of at least $3,000,000.00.”
Capitalization Event. If any Capitalization Event shall occur -------------------- and any Net Cash Proceeds of such Capitalization Event are not used to make an Investment permitted pursuant to the provisions of Section 6.07, then at the Borrower's election the Borrower shall prepay either (A) Advances (if no Blockage Period is in effect) or (B) the Senior Obligations on the Business Day such Net Cash Proceeds are received by the Borrower or the Parent, as applicable, in an amount equal to the lesser of (A) the amount of the outstanding Advances and Senior Obligations on such Business Day and (B) 100% of the Net Cash Proceeds of such Capitalization Event not used to make an Investment permitted pursuant to the provisions of Section 6.07.
Capitalization Event. Borrower shall receive on or before May 31, 2003 at least $3,000,000 in gross cash proceeds from the issuance of new (issued after May 1, 2003) equity securities of borrower (the "Capitalization Event")."
Capitalization Event. Upon the occurrence of any Capitalization Event, the aggregate Revolving Commitments shall reduce by an amount equal to 100% of the Net Cash Proceeds of such Capitalization Event.
Capitalization Event. On the last Business Day of each calendar quarter during which there occurs any Capitalization Event, the Borrower shall prepay Term Advances in an amount equal to 100% of the Net Cash Proceeds of each such Capitalization Event occurring during such quarter; provided that in the case of a Capitalization Event which individually or in the aggregate with other Capitalization Event that quarter yields Net Cash Proceeds of greater than $10,000,000, such prepayment shall be made on the date 10 days after the occurrence of such Capitalization Event.
Capitalization Event. Borrower shall provide the Bank with evidence, such evidence to be satisfactory to the Bank, that Borrower has completed the Capitalization Event on or before July 15, 1999.
Capitalization Event. The Borrower shall cause a Capitalization Event to occur on or before December 1, 2002.
