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. 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 provide the Bank with evidence, such evidence being satisfactory to the Bank, that Borrower has completed the Capitalization Event on or before February 28, 1998." and inserting in lieu thereof the following:
Capitalization Event. The Borrower shall cause a Capitalization Event to occur on or before December 1, 2002.
Capitalization Event. Upon the occurrence of any Capitalization Event, the aggregate Revolving Commitments shall reduce (effective on the same date a mandatory prepayment of outstanding Term Advances (if any) would be due pursuant to Section 2.07(c)(iv)) by an amount equal to (i) 100% of the Net Cash Proceeds of such Capitalization Event, less (ii) the sum of the outstanding Term Advances (if any) immediately prior to the mandatory prepayment to be made on such date, less (iii) the aggregate amount of the "Tranche A Commitments" and "Tranche B Commitments" (as such terms are defined in the Liquidity Facility).
Capitalization Event. Upon the occurrence of any Capitalization Event, the Borrower shall prepay Term 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. In addition, in the event the Revolving Commitments are reduced in accordance with Section 2.04(c), the Borrower shall prepay Revolving Advances to the extent the outstanding Revolving Advances plus the Letter of Credit Exposure exceed the reduced Revolving Commitments (or, upon payment in full of all outstanding Revolving Advances, to deposit with the Agent into the Cash Collateral Account an amount equal to the amount of the Letter of Credit Exposure which exceeds the Revolving Commitments as so reduced).
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 being satisfactory to the Bank, that Borrower has completed the Capitalization Event on or before May 27, 1999."
10. The Borrower hereby ratifies, confirms and reaffirms, all and singular, the terms and conditions of a certain Negative Pledge Agreement dated as of November 5, 1997 between Borrower and Bank, and acknowledges, confirms and agrees that said Negative Pledge Agreement shall remain in full force and effect.
Capitalization Event. Upon the occurrence of any Capitalization Event which results in full repayment of the Term Advances in accordance with the Revolver/Term Agreement or which occurs after such repayment, the aggregate Tranche B Commitments shall reduce, and when the Tranche B Commitments have been reduced to zero, the aggregate Tranche A Commitments shall reduce (such reductions effective on the same date a mandatory prepayment would otherwise be due on the Term Advances as a result of such Capitalization Event pursuant to Section 2.07(c)(iv) of the Revolver/Term Agreement) by an amount equal to (i) 100% of the Net Cash Proceeds of such Capitalization Event, less (ii) the Term Advances outstanding (if any) immediately prior to the mandatory prepayment of Term Advances to be made on such date.
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.
