Qualified Capital Raise Sample Clauses

Qualified Capital Raise. The Qualified Capital Raise as it relates to this §2.12(b) shall have occurred.

Qualified Capital Raise. The Qualified Capital Raise shall have occurred.Payment of Extension Fee. The Borrower shall pay to the Agent for the pro rata accounts of the Lenders in accordance with their respective Commitments an extension fee in an amount equal to forty (40) basis points on the Total Commitment in effect on the Maturity Date (as determined without regard to such extension), which fee shall, when paid, be fully earned and non-refundable under any circumstances.

Qualified Capital Raise. The Qualified Capital Raise shall be deemed to have occurred at such time as Agent shall have received from Borrower evidence reasonably satisfactory to Agent of the occurrence after the date of this Agreement of (a) one or many Equity Offerings of common shares of the REIT that shall have resulted in REIT receiving not less than $50,000,000.00 in gross equity proceeds and that the net proceeds thereof have been contributed to Borrower and (b) the conversion of the Series D Preferred Stock to common stock of the REIT; provided that for the purposes of §2.12(b), such aggregate gross proceeds received by REIT and contributed to Borrower pursuant to clause (a) above shall be not less than $100,000,000.00.

Qualified Capital Raise. The Qualified Capital Raise shall have occurred.