Equity Structure. Sponsor shall have invested a minimum of $50,000,000 ($45,000,000 of such $50,000,000 will be used by the Borrower on the Restatement Effective Date to finance the Restatement Effective Date Merger and $5,000,000 of such $50,000,000 will be used by the Borrower on or after the Restatement Effective Date to finance Capital Expenditures) into the Borrower, directly or indirectly, in the form of cash equity into the capital stock or other equity securities of Borrower.
Appears in 4 contracts
Samples: Forbearance Agreement and First Amendment to Amended and Restated Credit Agreement (Spinal Elements Holdings, Inc.), Credit Agreement (Spinal Elements Holdings, Inc.), Credit Agreement (Spinal Elements Holdings, Inc.)
