Legal and Capital Structure Sample Clauses

Legal and Capital Structure. The final legal and capital structure of the Loan Parties shall be acceptable to Agent, including, but not limited to, all Subordinated Debt, including satisfactory Subordination Agreements; and
Sample 1Sample 2Sample 3See All (9)
AutoNDA by SimpleDocs
Legal and Capital Structure. The Agent shall have reviewed and shall be satisfied with the legal and capital structure of the Borrowers after the consummation of the transactions contemplated herein; and
Sample 1Sample 2See All (4)
Legal and Capital Structure. The Borrowers shall promptly take all such actions necessary to cause an increase in the authorized number of shares of Common Stock of Caprius to an amount satisfactory to the Purchaser in its sole and absolute discretion.
Sample 1Sample 2
Legal and Capital Structure. The Lender shall have reviewed and shall be satisfied with the legal and capital structure of the Borrowers after the consummation of the transactions contemplated herein; and
Sample 1
Legal and Capital Structure. The legal and capital structure of each of Credit Party shall in all respects be satisfactory to the Administrative Agent.
Sample 1
Legal and Capital Structure. The legal and capital structure of each Loan Party shall in all respects be satisfactory to the Administrative Agent. Without limiting the foregoing, the Borrower shall have amended its articles of incorporation to provide that the Borrower may not redeem any Capital Stock prior to the date that is ninety-one (91) days after the earlier of the last stated maturity of any Loans hereunder or the date on which all Obligations under the Loan Documents have been satisfied in full, the Commitments hereunder have been terminated and all obligations in respect of any Letter of Credit have terminated.
Sample 1
Legal and Capital Structure. The Lenders and their counsel shall be satisfied with the capitalization, structure and equity ownership of the Borrower and Holdco after the Acquisitions, including a minimum total common equity investment in the Borrower of $42 million; PROVIDED that if any portion of any investment in Holdco is not in the form of common equity, the terms thereof shall be satisfactory to the Administrative Agent.
Sample 1
AutoNDA by SimpleDocs

Related to Legal and Capital Structure

  • Corporate Structure The corporate structure, capital structure and other material debt instruments, material accounts and governing documents of the Borrowers and their Affiliates shall be acceptable to the Administrative Agent in its sole discretion.

  • Changes in Capital Structure If all or any portion of the Option shall be exercised subsequent to any share dividend, split-up, recapitalization, merger, consolidation, combination or exchange of shares, separation, reorganization, or liquidation occurring after the date hereof, as a result of which shares of any class shall be issued in respect of outstanding Shares or Shares shall be changed into the same or a different number of shares of the same or another class or classes, the person or persons exercising the Option shall receive, for the aggregate price paid upon such exercise, the aggregate number and class of shares which, if the Shares (as authorized at the date hereof) had been purchased at the date hereof for the same aggregate price (on the basis of the price per share set forth in paragraph 2 hereof) and had not been disposed of, such person or persons would be holding at the time of such exercise as a result of such purchase and all such share dividends, split-ups, recapitalizations, mergers, consolidations, combinations or exchanges of shares, separations, reorganizations, or liquidations; provided, however, that no fractional shares shall be issued upon any such exercise, and the aggregate price paid shall be appropriately reduced on account of any fractional share not issued. In no event shall any adjustments be made to the Option as a result of the issuance or redemption of securities of the Corporation for cash or other consideration, or upon the exercise of any conversion rights of any securities of the Corporation.

  • Organizational Structure The ISO will be governed by a ten (10) person unaffiliated Board of Directors, as per Article 5 herein. The day-to-day operation of the ISO will be managed by a President, who will serve as an ex-officio member of the ISO Board, in accordance with Article 5 herein. There shall be a Management Committee as per Article 7 herein, which shall report to the ISO Board, and shall be comprised of all Parties to the Agreement. There shall be at least two additional standing committees, the Operating Committee, as provided for in Article 8, and the Business Issues Committee, as provided for in Article 9, both of which shall report to the Management Committee. A Dispute Resolution Process will be established and administered by the ISO Board in accordance with Article 10.

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!