Cash Infusion Sample Clauses

Cash Infusion. The Borrower shall have received the proceeds of a cash infusion in an aggregate amount of not less than $7,000,000 (the "Cash Infusion"), which shall consist of (i) an infusion of no more than $3,000,000 in the form of cash from Cannondale Europe B.V., a Subsidiary organized under the laws of the Netherlands, in the form of repayment of intercompany indebtedness owing by one or more Subsidiaries to the Borrower, net of any tax consequences or rights of set-off (the "Intercompany Payment"), (ii) an infusion of $2,000,000 from Jos▇▇▇ ▇. ▇▇▇▇▇▇▇▇▇▇, ▇hich may be in the form of either equity or unsecured subordinated Indebtedness, which may be convertible into the common stock of the Borrower (the " Mon▇▇▇▇▇▇▇ ▇▇fusion") and (iii) an infusion of $2,000,000 from an investor, which is not an Affiliate of the Borrower, which may be in the form of either equity or unsecured subordinated Indebtedness, which may be convertible into the common stock of the Borrower (the "Institutional Infusion", and together with the Mon▇▇▇▇▇▇▇ ▇▇fusion and the Institutional Infusion, the "2001 Subordinated Debt"). The principal of the Mon▇▇▇▇▇▇▇ ▇▇fusion shall be payable in a single installment which, by its terms, may only be payable on the earlier to occur of (x) the date following the date on which the Obligations are paid and satisfied in full in cash and (y) the date on which all of the events specified in clauses (A), (B), (C), (D), (E) and (F) to the proviso contained in Section 7.03(f) of the Financing Agreement shall have occurred. Interest on the Mon▇▇▇▇▇▇▇ ▇▇fusion may be paid in cash, on the first day of each calendar quarter in arrears for the previous calendar quarter and upon the full conversion of the entire unpaid principal balance thereof into equity in accordance with the terms thereof, so long as (x) the Fixed Charge Cover Ratio of the Borrower, on a consolidated basis with its consolidated Subsidiaries, for the most recently ended period of twelve consecutive fiscal months, shall be greater than 1.00 to 1.00 and (y) the Agent shall have received a certificate, duly executed by an Authorized Officer, setting forth in reasonable detail the calculation of such Fixed Charge Coverage Ratio and (z) no Event of Default shall have occurred and then be continuing. Prepayments of principal of and payments of accrued interest on the Mon▇▇▇▇▇▇▇ ▇▇fusion may be made solely in accordance with the terms of Section 7.03(f) of the Financing Agreement. The identity of the holder...

Cash Infusion. Borrower shall have received cash proceeds in an aggregate amount of no less than $3,000,000 from (i) the issuance of common stock of the Borrower in an amount not less than $1,500,000, (ii) the issuance by the Borrower of Subordinated Debt in an amount not less than $1,500,000, which shall be unsecured and shall have no scheduled principal payments, prepayments or redemptions or cash interest payments prior to January 30, 2010 except as expressly permitted by Section 6.13 of this Fourth Amendment, and is otherwise on terms and conditions acceptable to Lender in its sole discretion and/or (iii) the issuance of Permitted Borrower Preferred Stock, in each case on terms and conditions acceptable to Lender in its sole discretion (any issuance pursuant to clause (ii) or (iii) shall collectively be referred to as the “Fourth Amendment Subordinated Debt”).

Cash Infusion. Borrowers shall obtain an infusion of at least Seven Hundred Thousand Dollars ($700,000) in unrestricted cash on a basis satisfactory to Lender as set forth below, with an initial infusion of at least One Hundred Fifty Thousand Dollars ($150,000) to be obtained on or prior to June 15, 1997 and the balance to be obtained on or prior to August 15, 1997. Such cash may consist of insurance proceeds with regard to the accident at Borrowers' Memphis, Tennessee facility and the vandalism at Borrowers' Fort Lauderdale, Florida facility, proceeds of capital contributions, proceeds of stock or other securities offerings consented to by Lender in writing pursuant to the requirements of Section 7.6 of this Agreement, other proceeds obtained in a manner approved by Lender in writing or some combination of the foregoing. On June 15, 1997 and August 15, 1997, Parent shall report to Lenders in writing as to Borrowers' compliance (or failure to comply) with the foregoing covenant. 4. Amendment to Section 6.2

Cash Infusion. Hari▇▇▇▇ ▇▇▇poration, Inc., a Canadian corporation and the indirect parent of Seller ("Hari▇▇▇▇"), shall make a cash capital contribution to Seller on the date hereof in the amount of US $74,625.00 (the "Cash Infusion").

Cash Infusion. The Borrower shall take and cause to be taken any and all actions necessary for a $1,000,000 portion of the Cash Infusion to be made to and received by the Borrower within ten (10 ) days of the Closing Date. In the event that there is a post-closing upward adjustment to the purchase price payable by the Borrower to the Seller under the Purchase Agreement, the Borrower shall take and cause to be taken any and all actions necessary for the Cash Infusion contemplated by the definition of such term to be made to and received by the Borrower immediately upon such adjustment becoming effective.

Cash Infusion. Within five days after the Closing, EVCI shall infuse $500,000 of operating capital into ICTS. These funds may be used to repay the Bridge Loan.

Cash Infusion. Borrowers shall obtain a cash infusion in the amount of not less than $200,000 by obtaining subordinated loans from Third Party Investors, which debt shall be subordinated to the Obligations in accordance with the subordination terms set forth in Exhibit C, or otherwise in form and substance reasonably satisfactory to Lender, or by the sale of equity interests in the Borrowers to Third Party Investors no later than October 31, 2001. (w) A new Section 6.19 is added to the Agreement as follows:

Cash Infusion. Within fourteen (14) Business Days following the Initial Closing, Buyer shall make an initial cash infusion (paid in euros) to the Company in the sum of €300,000 in the form of a shareholder loan, which shall be the first instalment of a total cash infusion of €1.5 million to be injected by Buyer into the Company within 12 months of the Initial Closing (at a schedule to be mutually agreed among the Parties), and shall constitute working capital of the Company and shall be used by the Company to achieve the objectives set forth in the various Milestones.

Cash Infusion. (i) The Agents shall have received satisfactory evidence that, substantially concurrently with the execution of this Amendment, the Sponsor Guarantor shall have made capital calls, the proceeds of which shall (x) be contributed to Parent in exchange for Equity Interests (other than Disqualified Equity Interests) issued by Parent and (y) be in an amount equal to $10,000,000 (the “First Amendment Contribution”). (ii) The First Amendment Contribution shall have been made and the entire amount of such cash proceeds shall have been applied to repay the Revolving Loans on or before August 31, 2020.