Strategic Initiatives. The following initiatives are key to the University’s achieving recognition as a premier Jesuit Catholic, urban university:
Strategic Initiatives. Unless the Parent has received, and contributed to the common equity capital of the Borrower, at least an aggregate of $30,000,000 of Net Proceeds from Permitted Parent Financings consummated after the Restatement Effective Date and prior to September 30, 2001 (no portion of which shall be used to repay or refinance any Indebtedness), the Parent and the Borrower will, not later than October 15, 2001, engage a nationally recognized investment bank acceptable to the Administrative Agent to advise the Parent and the Borrower with respect to various strategic alternatives available to the Parent and the Borrower and to assist in implementing one or more strategic initiatives, in each case to improve the Parent's consolidated financial position, capital structure and liquidity.
Strategic Initiatives. A. Sale of Provant in its Entirety Drake Beam and Xxxxx ("DBM") Documentation in support of a transaction, and an update from Borrower with respect to the current status of negotiations is required by the earlier of 11/05/02 or the closing of the Amended Facility. Borrower has advised that, subject to SEC delays, this transaction, if approved by Borrower's and DBM's respective Boards of Directors and Borrower's stockholders, will be scheduled to close by 12/31/02 (subject to SEC delays, but in no event later than 3/31/03) and is the Strategic Initiative of choice for Borrower. Borrower shall use its best efforts to comply with all SEC requests. A definitive merger or buy-sell agreement between DBM and Borrower shall be delivered to Agent by 11/15/02. Agent and Banks reserve the right in their sole discretion to establish milestone events in connection with the DBM Sale, and failure to achieve any such milestone events shall constitute an Event of Default, except to the extent that such failure shall be the direct result of an SEC delay, provided that Borrower shall have used its best efforts to comply with all SEC requests. Appropriate legal arrangements and mechanisms satisfactory to Agent and Banks shall be established in order to ensure completion of this Strategic Initiative notwithstanding any Event of Default.
B. Sale of the Government Division The QuarterDeck engagement has been finalized and an executed copy of the engagement letter, draft information memorandum and preliminary prospect list have been delivered to Agent. An offering memorandum, solicitation books, target prospect list and a preliminary timetable will be furnished to the Agent by the earlier of 11/20/02 or such date on which there is a determination by Borrower to abandon the DBM transaction. Milestone event dates in the timeline will serve as milestone event dates in the Amended Facility with Events of Default arising for failure to achieve such milestone events. A Letter of Intent ("LOI") with respect to a transaction for the divestiture of the Government Division, acceptable to Agent and Banks, is required by 1/20/03 and such transaction must be closed by 3/31/03, provided, however, that if the Strategic Initiative set forth in Paragraph 7(A) above is viable and proceeding, and all milestone events shall have been achieved to date, but such transaction has not closed by the foregoing dates, then such LOI must be delivered by 2/15/03 and the transaction closed by 4/15/03. Appropri...
Strategic Initiatives. Ref DCU Strategy: 1.1 Curriculum Reform; 1.3.
Strategic Initiatives. Ref DCU Strategy: 2.1, Research Priorities; 2.2 Human Capital; 2.3 Quality and Impact; 2
Strategic Initiatives. EXPANDING OUR KITCHEN
Strategic Initiatives. The MarinMap Project will create a cooperative regional database. An initial framework for the cooperative database development includes the following:
(a) Orthophoto Map Layer. Development and regular updating of digital Orthophoto Maps.
Strategic Initiatives. The 2004 Annual Performance Bonus based on Strategic Initiatives is based on the Employee recruiting C&I Team Leaders and Producers as set forth below:
Strategic Initiatives. Sponsor will work with the Company’s management and board of directors to evaluate and make recommendations regarding strategic initiatives determined by the Company. Such initiatives will include: (i) identifying, originating, and evaluating merger, acquisition and divestiture opportunities; and (ii) leading the negotiations and structuring of any merger, acquisition, divestiture, tender offer, exchange offer, recapitalization or material change in ownership of the Company. With respect to the foregoing, any issuance of securities, merger, acquisition, divestiture (in whole or in part), tender offer, exchange offer or recapitalization consummated between the Company and any other person or entity is herein defined as a “Financial Transaction”).
Strategic Initiatives. These adjustments primarily reflect professional and legal fees incurred directly related to evaluating and executing certain strategic initiatives including costs associated with acquisitions, the pending merger and related integrations.