Sale of Equity. The Borrower or any Subsidiary will immediately pay over to the Administrative Agent for the ratable benefit of the Lenders as a prepayment of principal on the Notes, an amount equal to 100% of the proceeds (net of direct costs of sale) received by Borrower or any Subsidiary from the sale of any equity interest in, or securities of, the Borrower or any such Subsidiary.
Sale of Equity. (a) The Company hereby agrees to sell to Subscriber, and Subscriber hereby agrees to purchase from the Company, $25,000,000 of Series D Preferred Equity of the Company (the "Equity"). The purchase price of the Equity is $25,000,000, and is payable in cash at the Closing (as defined below).
(b) The sale and purchase of the Equity (the "Closing") shall take place at the offices of Subscriber on November 24, 1999 (the "Closing Date").
(c) On the Closing Date, Subscriber shall, if the condition set forth in Section 2(d) below is satisfied on the Closing Date, pay to the Company by wire transfer of immediately available funds the purchase price of the Equity purchased by such Subscriber, against delivery to the Subscriber of each of the documents set forth on Schedule A attached hereto.
(d) It shall be a condition to the Closing that the Company's and TCO's representations and warranties hereunder then continue to be true and correct.
Sale of Equity. Within three (3) Business Days of the receipt by any Credit Party or any Restricted Subsidiary of any Equity Proceeds (other than Equity Proceeds from (A) the issuance of any Equity Interest in connection with any incentive plans available to officers, directors or employees of Holdings or any of its Subsidiaries or (B) the issuance of any Equity Interests by any Subsidiary to Holdings or any other Subsidiary), the Borrowers shall make a mandatory prepayment of the Revolving Loans in an amount equal to 100% of the proceeds received, any prepayment to be applied in accordance with Section 2.09(c).
Sale of Equity. P&U agrees to purchase and Geron agrees to sell an aggregate of U.S. 8,000,000 of Geron's Common Stock in a series of two separate equity investments on the terms and conditions set forth in the Common Stock Purchase Agreement attached hereto as EXHIBIT 10.
Sale of Equity. Cardium shall not sell, transfer or distribute any equity securities of InnerCool or TRC. Neither InnerCool nor TRC shall issue any equity securities to any Person other than Cardium.
Sale of Equity. Subject to the terms and conditions hereinafter set forth, at the closing of the transaction contemplated hereby: WK shall purchase the 5,000 shares of Series Z Preferred Stock of Dr. Foods, Inc., a Nevada Corporation, from NXMH in exchange for approximately $147,624 USD (20,000,000 Japanese Yen). Funds are to be payable to a bank account designated by Next Meats Holdings, Inc.
Sale of Equity. The Founder hereby agrees to sell the Founder's Prior Interests for the Consideration. In connection with the SF Sale, the Founder agrees to execute and deliver to the Company an Assignment of Interest in the form attached hereto as Exhibit A, transferring and assigning to the Company the Founder's Prior Interests.
Sale of Equity a. Equity received by RTC under a license agreement shall be held in trust by RTC until the earlier of: i) the earliest date on or following the initial public offering (IPO) date in which the trading of Equity is not restricted by law or underwriting agreement; or ii) the date that the company is acquired and its stock is converted into unrestricted stock in a publicly traded company.
b. At such time that the Equity becomes liquid through one of these events, the Equity shall be sold in an orderly fashion and the proceeds shall be distributed in accordance with paragraph 5; or,
c. The Equity may be retained by RTC as an investment opportunity when and if the RTC determines that the Equity represents an attractive investment opportunity. This determination will be based solely on economic and investment considerations, and RTC will likely consult with external specialists in assessing the Equity’s prospects. In such case, RTC shall value the equity at the Prevailing Price and distribute the cash equivalent (or equivalent Equity) in accordance with Paragraph 5.
Sale of Equity. At the Closing, each Stockholder shall sell, convey, assign and transfer to Buyer, and Buyer shall purchase, acquire and accept from each Stockholder all of such Stockholder’s right, title and interest in and to the Shares owned by such Seller as set forth opposite such Stockholders’ name in Section 2.04(a) of the Disclosure Schedule, and which Shares in the aggregate constitute all of the issued and outstanding equity ownership of the Company. Title to the Shares shall be transferred to Buyer at the Closing free and clear of any and all Liens and Restrictions.
Sale of Equity. If Borrower raises capital through the sale of any -------------- equity security, including but not limited to, common equity, preferred equity or other equity interests or equity securities including warrants, options and the like, Borrower shall first apply the proceeds of such sale (less reasonable and customary fees and commissions) to cure any Borrowing Base Deficiency.
