Common use of Mandatory Investments Clause in Contracts

Mandatory Investments. On or prior to the dates indicated in the table below, ITG shall obtain, and shall contribute the same to US Borrowers to be used for purposes permitted by this Agreement, not less than the following amounts in gross cash proceeds from the issuance of Stock and Stock Equivalents to WLR and other Persons: Date Equity Contribution February 15, 2007 $ 50,000,000 May 1, 2007 $ 50,000,000 ”

Appears in 1 contract

Samples: Credit Agreement (International Textile Group Inc)

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Mandatory Investments. On or prior to the dates indicated in the table below, ITG shall obtain, and shall contribute the same to US Borrowers to be used for purposes permitted by this Agreement, not less than the following amounts in gross cash proceeds from the issuance of Stock and Stock Equivalents to WLR and other Persons: Date Equity Contribution February 151, 2007 $ 50,000,000 May 1, 2007 $ 50,000,000 ”50,000,000

Appears in 1 contract

Samples: Credit Agreement (International Textile Group Inc)

Mandatory Investments. On or prior to the dates indicated in the table below, ITG shall obtain, and shall contribute the same to US Borrowers to be used for purposes permitted by this Agreement, not less than the following amounts in gross cash proceeds from the issuance of Stock and Stock Equivalents to WLR and other Persons: Date Equity Contribution February 1528, 2007 $ 50,000,000 May 1, 2007 $ 50,000,000 ”

Appears in 1 contract

Samples: Credit Agreement (International Textile Group Inc)

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Mandatory Investments. On or prior to the dates indicated in the table below, ITG shall obtain, and shall contribute the same to US Borrowers to be used for purposes permitted by this Agreement, not less than the following amounts in gross cash proceeds from the issuance of Stock and Stock Equivalents to WLR and other Persons: Date Equity Contribution February 15March 2, 2007 $ 50,000,000 May 1, 2007 $ 50,000,000 ”

Appears in 1 contract

Samples: Credit Agreement (International Textile Group Inc)

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