Holistic Capital Solution Clause Samples
The Holistic Capital Solution clause defines a comprehensive approach to addressing a party's capital needs within a contractual relationship. It typically outlines how various forms of capital—such as debt, equity, or hybrid instruments—can be structured and provided to meet the financial requirements of a project or business. By integrating multiple capital sources and mechanisms, this clause ensures that funding is flexible and tailored to the specific circumstances, thereby reducing financing gaps and streamlining the capital-raising process.
Holistic Capital Solution. Subject to the Company providing evidence reasonably satisfactory to Marriott that Step 1 of the Holistic Capital Solution (set forth on Schedule 3.44) has been completed, the First Portion of Key Money (as defined in the License Agreement) will be paid no later than three (3) days after December 31, 2024, and subject to the Company providing evidence reasonably satisfactory to Marriott that Step 1 and Step 2 of the Holistic Capital Solution (set forth on Schedule 3.44) have been completed, the Second Portion of Key Money (as defined in the License Agreement) will be paid no later than three (3) days after March 31, 2025.
Holistic Capital Solution. Sonder will (i) complete all items in Step 3 of the Holistic Capital Solution by the deadlines specified therein and (ii) provide evidence reasonably satisfactory to Marriott of the same.
Holistic Capital Solution. The Company has completed the First Portion of Key Money (as defined in the License Agreement).
Holistic Capital Solution. Notwithstanding Section 4.8.A, Marriott will not be required to make the payment of (i) the First Portion of Key Money until ▇▇▇▇▇▇ has provided evidence reasonably satisfactory to Marriott that Step 1 of the Holistic Capital Solution has been completed, and (ii) the Second Portion of Key Money until ▇▇▇▇▇▇ has provided evidence reasonably satisfactory to Marriott that both Step 1 and Step 2 of the Holistic Capital Solution have been completed.
Holistic Capital Solution. Sonder has (i) secured from BlackRock and Senator Investment Group (1) a PIK extension until December 31, 2025, (2) an option to further extend to June 30, 2026, and (3) an option to further extend to December 31, 2026, (ii) secured an agreement for BlackRock and Senator Investment Group to reduce the loan balance owed to such parties by any amount awarded against the Sonder Parties or agreed to by any Sonder Party under a settlement agreement related to the ongoing dispute in connection with the 20 Broad Street Property, (iii) secured all rights needed to issue at least 5,000,000 shares of new stock in Sonder after June 30, 2025, (iv) within 90 days after the Effective Date, taken all actions necessary to permit Marriott to exercise the board observation rights set out in Section 9.4, and (v) received full funding in a total amount equal to or greater than $49,000,000, comprised of the following items:
A. $42,500,000 in cash from the sale of preferred equity;
B. $2,500,000 in cash from a legal settlement regarding a lease dispute involving the “J-Collection” Properties in New Orleans; and
C. $4,000,000 in cash from Sonder’s lenders.