Recapitalization Plan Sample Clauses
Recapitalization Plan. The Company is being recapitalized in two stages (the "RECAPITALIZATION PLAN"), consisting of (i) a bridge period (the "BRIDGE PERIOD") which began on February 1, 2004 and shall end ninety (90) days after the Effective Date of this Agreement, unless earlier terminated or further extended as provided in Section 2.6 of this Agreement, and (ii) an anticipated equity financing of the Company, through the issuance of Convertible Preferred Stock (as defined in the Convertible Preferred Stock Term Sheet attached hereto as Exhibit B) in accordance with this Agreement (the "ANTICIPATED EQUITY FINANCING"). Investor shall serve as the lead in the Bridge Funding and Bridge Period Activities, as defined herein. At Investor's election, in its sole discretion, on or before the end of the Bridge Period, Investor shall also serve as the lead investor in the Anticipated Equity Financing as provided herein.
Recapitalization Plan. On or before July 6, 2006, the Loan Parties shall cause ▇▇▇▇▇▇ to deliver to the Agent an outline of the issues to be addressed, the actions to be taken and the timeline to be followed in developing a plan to recapitalize the Loan Parties, and repay the Obligations under the Credit Agreement in full (the “Recapitalization Plan”) which outline shall be reasonably acceptable, in form and substance, to the Agent, each of the Lenders and the Issuer, and which shall include, as elements of the proposed Recapitalization Plan, potential opportunities for debt re-financing, equity investment and/or the sale of one or more business units, or a combination of any of the foregoing.
Recapitalization Plan. Diligently implement the Recapitalization Plan and complete each step provided by the Recapitalization Plan by the date specified for such completion in the Recapitalization Plan; provided, however, that if the Borrower shall fail to consummate the recapitalization transaction contemplated by such Recapitalization Plan by the date specified in such Recapitalization Plan, then, notwithstanding any provision herein to the contrary, such failure shall not consititute an Event of Default hereunder so long as the Borrower shall comply with Section 2.06(e)(iv).
Recapitalization Plan. (a) Unless all principal of and interest on the Note is paid in full prior to January 1, 1997 and simultaneously therewith 909,000 shares of the Company's Common Stock are purchased from the Lender at a price per share of $11.00, the Company shall, within 30 days after the later of (i) the earlier of (x) January 1, 1997 and (y) the date upon which the principal of and interest on the Note is paid in full, and (ii) the date upon which the Lender submits to the Company in writing a request for and the terms of a Recapitalization Plan (such later date being the "Notice Date"), file a preliminary proxy statement with the Securities and Exchange Commission providing for, among other things, a meeting of the Company's shareholders, to be held not later than 120 days after the Notice Date, for the
Recapitalization Plan. Amend or otherwise modify, or permit any of its Subsidiaries to amend or otherwise modify, the Recapitalization Plan without the prior written consent of the Administrative Agent and the Required Lenders.