Equity Infusion. Borrower shall have contributed its equity into the Project and the amount of the loan, less the Interest Reserve is sufficient to fully build out the Project in accordance with the Budget.
Equity Infusion. The Company shall have received an aggregate of not less than $3,000,000 in capital contributions from one or more of its shareholders upon terms and conditions satisfactory to the Noteholder in its sole discretion.
Equity Infusion. Xxx Borrower xxxxx have received a cash equity infusion from Parent in the amount of $25,367,000.
Equity Infusion. The Borrower shall have received cash proceeds of an additional $3,000,000 in capital contributions from one or more of its shareholders upon terms and conditions satisfactory to the Lenders and the Agent shall have received evidence satisfactory to the Agent of such receipt.
Equity Infusion. An investor group led by Edward F. Calesa shall purchase a minimum of $2.5 million of coxxxx xxxxx xxxx the Company at the market price of the common stock at such date (such market price to be calculated based on the average trading price over the time period beginning on March 20, 2003 and ending on the day prior to the Effective Date) and Edward F. Calesa shall invest a minimum of $1.0 million of such xxxxxxxxxx xxxxuant to definitive documentation in form and substance satisfactory to the Purchasers.
Equity Infusion. Within five (5) days of the funding of any sale (other than a sale to the Borrower or a Subsidiary of the Borrower) for cash of any securities or equity or capital shares of any Loan Party, Borrower shall retain (so long as there exists no Event of Default at the time of such sale) and use in its operations an amount equal to the net proceeds to such Person up to a maximum of $5,000,000 in the aggregate on a cumulative basis and the Commitments shall automatically be reduced by an amount equal to the net proceeds in excess of $5,000,000 (or all of such net proceeds if there exists an Event of Default at the time of such sale) and the Borrower shall make all payments required by Section 4.5.4.
Equity Infusion. Evidence acceptable to Bank of the completion of a cash equity contribution to AqHawk by Xxxxxxx in the form of common stock and\or paid-in-kind preferred stock in a minimum amount of $2,000,000, on terms and conditions acceptable to Bank, together with correct and complete copies of all subscription agreements, share certificates, statements of rights and preferences if any, and all other documentation thereof, certified as correct and complete by an officer of Borrower.
Equity Infusion. The Equity Infusion (Series D) shall occur on or prior to October 31, 1998. Equity Infusion means the receipt by Borrower of not less than Six Million Dollars ($6,000,000) of proceeds from the sale of its capital stock or Subordinated Debt, other than in a nonfinancing transaction to employees, officers, directors or consultants of the Borrower. As part of the Equity Infusion, the existing Two Million Eight Hundred Sixteen Thousand Dollars ($2,816,000) in aggregate subordinated debt shall be converted to equity.
Equity Infusion. On May 31, 2000 Guarantor consummated the sale of the following securities in accordance with the Purchase agreement dated as of April 26, 2000 among Guarantor, RDVEPCO, L.L.C., Group One Investors, L.L.C. and Holiday Retirement 2000, LLC, as amended by that certain First Amendment dated May 31, 2000: (i) $5,000,000 of its Series A 9.75% Convertible Pay-in-Kind Preferred Stock (mandatory redemption in seven (7) years), (ii) $1,425,000.00 of its Series A 9.75% Convertible Pay-in-Kind Debentures (seven (7) 20 year maturity)), $90,354,000 of its Series B 9.75% Convertible Pay-in-Kind Debentures (seven (7) year maturity) and (iv) $35,095,636 of its Series C 9.75% Convertible Pay-in-Kind Debentures (seven (7) year maturity).
Equity Infusion. 57 SECTION 4.26 New Credit Agricole Obligations.. . . . . . .57 SECTION 4.27
