IPO Proceeds. The Company shall have received substantially concurrently with the Closing hereunder the proceeds from the IPO. This condition may not be waived by any party.
IPO Proceeds. The REIT shall have received the proceeds from the IPO. This condition may not be waived by any party.
IPO Proceeds. The Parent Borrower shall have received (or simultaneously with the closing of the Loans hereunder, the Parent Borrower will receive) gross cash equity proceeds from the IPO in an amount not less than $40,000,000 on terms and conditions reasonably acceptable to the Administrative Agent.
IPO Proceeds. Gross proceeds from the sale of shares of Common Stock by the Company in the IPO shall not be less than $175,000,000.
IPO Proceeds. The Company shall have received the gross proceeds from the IPO. This condition may not be waived by any party.
IPO Proceeds. An initial public offering of common stock of the Borrower or its direct or indirect parent company, as the case may be, in an amount not less than $275,000,000 shall have been consummated on or prior to the date that is six months after the date of this Amendment;
IPO Proceeds. Without duplication of subsection 1.9(c), upon the consummation of an IPO, promptly upon receipt of the Net Issuance Proceeds of such IPO by Holdings or any direct or indirect parent of Holdings who is the IPO issuer, Borrower shall deliver to Agent an amount equal to the Net Issuance Proceeds of such IPO in an amount not less than an amount sufficient to cause the Leverage Ratio for the period of twelve (12) consecutive Fiscal Periods most recently ended for which financial statements have been delivered or are required to be delivered pursuant to Section 4.1, on a pro forma basis after giving effect to such prepayment, to be equal to or less than 4.25 (or, if less, the amount of such proceeds Net Issuance Proceeds), for application to the Loans in accordance with subsection 1.9(g).
IPO Proceeds. Subject to the terms of SECTION 11.11 of this Agreement, the Borrower shall use the Net Cash Proceeds of any IPO to promptly make mandatory Principal prepayments of the Bridge Notes in the manner set forth in SECTION 4.03(e) in amounts equal to one hundred percent (100%) of the aggregate Net Cash Proceeds of any IPO.
IPO Proceeds. The Company shall have received (or simultaneously with the closing of the Loans hereunder, will receive) cash equity proceeds from the IPO in an amount sufficient to consummate the Acquisition and cause all principal, interest and other amounts outstanding in connection with existing subordinated debt of the Credit Parties (including the Acquired Business) to be paid in full.
