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: March 2, 2007 $ 50,000,000 May 1, 2007 $ 50,000,000 ”

Appears in 1 contract

Samples: Credit Agreement (International Textile Group Inc)

AutoNDA by SimpleDocs

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: March 2February 15, 2007 $ 50,000,000 May 1, 2007 $ 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: March 2February 28, 2007 $ 50,000,000 May 1, 2007 $ 50,000,000 ”

Appears in 1 contract

Samples: Credit Agreement (International Textile Group Inc)

AutoNDA by SimpleDocs

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: March 2February 1, 2007 $ 50,000,000 May 1, 2007 $ 50,000,000 ”50,000,000

Appears in 1 contract

Samples: Credit Agreement (International Textile Group Inc)

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