Debt Offering. The issuance and sale by the Borrower or any Guarantor of any debt securities of the Borrower or such Guarantor.
Debt Offering. The issuance and sale by Parent Company or any of its Subsidiaries of any debt securities of such Person. Default. See §12.1.
Debt Offering. The issuance and sale by any Borrower of any debt securities of such Borrower.
Debt Offering. The issuance and sale to the general public or as a private placement by the Borrower or the Crescent Guarantor subsequent to the date of this Agreement of any debt securities of the Borrower or Crescent Guarantor for cash or the right to receive payment in the future. Debt Service. For any period, the sum of all interest (including capitalized interest) and mandatory principal payments due and payable during such period excluding any balloon payments due upon maturity of any indebtedness.
Debt Offering. (I) the Company issues debentures, including debentures convertible into common stock, in exchange for at least U.S.$3,000,000 of net proceeds;
(II) the effective amount of interest for such debentures is no higher than 10% per annum;
(III) the maturity date of such debentures is no sooner than eighteen (18) months from the date of issuance for 50% of the debentures and two (2) years from the date of issuance on the other 50%;
(IV) the common stock issued pursuant to a conversion of such debentures is issued at a conversion price (the "Conversion Price") which is no less than 90% of the prevailing market price at the time of issuance of the debentures;
(V) for each share of common stock that is issuable upon conversion of the debentures assuming the debenture was converted on the date of issuance, an investor may receive warrants to purchase up to a maximum of 1.0 shares of common stock at a warrant exercise price not less than offering price of the common stock;
(VI) such warrants shall be exercisable for a term no greater than five (5) years;
(VII) the warrants shall have broad based anti-dilution protections that are no more favorable to the holder of the warrants than the anti-dilution protections set forth in Exhibit C.1; and
(VIII) the Lancer Entities' Beneficial Ownership Percentage of the Corporation will not, without the consent of the Receiver, decrease by more than 20% as a result of the offering (i.e. the relative percentage decrease, and not the absolute percentage decrease, will not be more than 20%) . For purposes of this paragraph "Beneficial Ownership Percentage" is defined to be the quotient of (x) the number of Shares beneficially owned by the Lancer Entities, divided by (y) the number of outstanding shares of the Corporation, plus any shares of the Corporation issuable upon conversion or exercise of derivative securities. Broad Based Anti-Dilution Protection In the event that the Corporation issues additional common stock after the date hereof at an Effective Price (as defined below) that is less than the Exercise Price or the Debenture Warrant Exercise Price, then the Exercise Price or the Debenture Warrant Exercise Price, respectively, shall be adjusted as follows: The Exercise Price or the Debenture Warrant Exercise Price (as applicable) shall be multiplied by a fraction, the numerator of which shall be (x) the sum of (A) the number of shares of common stock (on an as converted, fully diluted basis assuming exercise of all then outst...
Debt Offering. The issuance and sale to the general public or as a private placement by the Borrower or the Guarantor subsequent to the date of this Agreement of any debt securities of the Borrower or Guarantor for cash or the right to receive payment in the future.
Debt Offering. Buyer shall use its reasonable best efforts to conclude the Debt Offering on or before the Closing Date.
Debt Offering. The issuance and sale by REIT or any of its Subsidiaries of any debt securities of such Person.
Debt Offering. The Company shall have received gross issuance proceeds from the Debt Offering in a minimum aggregate amount of $225,000,000;
