New Equity. On or before June 30, 2009, Borrower shall have received $10,000,000 in cash proceeds from the issuance of New Equity to Borrower’s existing investors (which at a minimum shall include Intersouth, Xxxxxx-Xxxxxxxxx and Xxxxxxx Ventures).”
New Equity. On the date of closing of a financing in which SOFTBANK Capital Partners LP and/or its affiliates purchase twenty million dollars ($20,000,000) of Webhire's Common Stock, at least one million five hundred thousand dollars ($1,500,000) of which is purchased by Yahoo (the "Softbank Financing"), Webhire shall issue to Yahoo a Warrant to purchase eighty-four thousand five hundred fifty nine (84,559) shares of Webhire's Common Stock at a per share purchase price of $4.95 (the "New Warrant"). The New Warrant shall be issued in the form of EXHIBIT A to this Amendment. The New Warrant will be issued in addition to the Warrant to purchase one hundred fourteen thousand six hundred fifty nine (114,659) shares of Webhire's Common Stock issued to Yahoo pursuant to Section 8.1 of the Agreement. If the Softbank Financing is not closed on or before October 29, 1999, Webhire's obligation to issue a warrant under this section will terminate and be without force or effect.
New Equity. Within two (2) Business Days after the consummation of any issuance by the Borrower or any of its Subsidiaries of any capital stock or other equity securities (as the case may be, a "New Equity Issue"), the Borrower shall apply an amount equal to fifty percent (50%) of the Net Proceeds of such New Equity Issue to permanently reduce the Term Loan Obligations, the Note Obligations, and the Revolving Credit Obligations by forwarding such Net Proceeds (the "New Equity Net Proceeds") to the Agent and the Note Lenders in the respective percentages as set forth in Section 7(e) of the Intercreditor Agreement, provided that the Borrower's existing stock incentive programs, as more fully described in Schedule 4.8(b) hereof, to the extent limited to aggregate equity values of $2,000,000 or less on an annual basis, shall not constitute a New Equity Issue for purposes hereof.
New Equity. Borrower shall have received at least (i) $6,700,000 in New Equity no later than December 15, 2006 and (ii) an additional $3,300,000 in New Equity no later than June 30, 2007.
New Equity. Borrower shall have received new equity capital after September 1, 1997 of no less than FOUR MILLION AND NO/100THS DOLLARS ($4,000,000) (the "New Equity") on or before April 15, 1998. Borrower will deposit in its accounts with Bank any new equity raised after January 31, 1998 and will notify Bank promptly of its compliance or non-compliance with this covenant.
New Equity. The Agent shall have received evidence satisfactory to it that (i) the amount of funds deposited into the Renovation Capital Expenditure Account, plus (ii) the face amount of all Letters of Credit issued on or before the Closing Date, plus (iii) the amount of funds deposited in the Theater Renovation Account equals $90,000,000 in the aggregate. The amount of the Xxxxxxx Money Deposit shall not be applied as a credit against, and shall not otherwise reduce, the obligations of the Borrower to make the $90,000,000 of deposits and /or issuances of Letters of Credit referred to in the first sentence of this Section 5.1(z).
New Equity. Borrower shall cause KAE to issue new Capital Stock (the terms of which Capital Stock shall be in form and substance acceptable to Lender) during the period between March 25, 2020 and April 30, 2020 which results in KAE receiving net cash proceeds from the issuance of such Capital Stock in an amount not less than Five Hundred Thousand Dollars ($500,000).
4. Section 8.1(c) of the Loan Agreement shall be amended by deleting the phrase “6.11 and VII” and replacing it with the phrase “6.11, 6.22 and VII”.
New Equity. The Company shall have received at least $1,000,000 from the sale of its Common Stock to third parties, excluding the proceeds from the sale of Series A Preferred pursuant to this Agreement.
New Equity. Agent shall have received satisfactory ---------- evidence of the issuance by Energy of new equity prior to the Effective Date on terms acceptable to all of the Banks and the receipt of net proceeds from such issuance equal to at least the sum of $15,000,000 plus an amount equal to (i) cash consent fees paid to the holders of Senior Unsecured Notes for the consent required below in Section 11(xi); and (ii) any other fees paid in connection with the issuance of such new equity;
New Equity. By March 31, 1998, Energy shall issue new common ---------- stock with proceeds thereof of at least $65,000,000, the application of which shall be determined by 100% of the Banks. Notwithstanding any other provision hereof, any amendment, modification or waiver of compliance with this covenant shall require the consent of 100% of the Banks.
