Subordinated Debt Financing. The Lender shall have loaned (or will loan concurrently with the funding of the subsequent purchase) to the Company pursuant to the Subordinated Loan Agreement an amount equal to the purchase price for the Future Convertible Preferred Stock being purchased by the Purchaser.
Subordinated Debt Financing. The Company shall have obtained subordinated financing in an amount of at least $12,500,000 in connection with the Acquisition on terms reasonably satisfactory to the Purchaser and such amount shall be funded simultaneously with the Closing.
Subordinated Debt Financing. The Purchaser agrees that if the Company obtains senior debt financing from a reputable financial institution in an amount not less than US $5,000,000 and such debt financing provides for a reasonable market rate of interest, a repayment term of no less than five years, and no equity participation, the Purchaser will lend to the Company, subject and junior to such senior debt, an amount equal to US $5,000,000 less all fees and expenses of the Purchaser, including, without limitation, the 10% fee payable to Stanford Group Company, with (i) an annual interest rate of 10%, (ii) a repayment term equal to that of the repayment term for the senior debt under the senior debt financing documents, and (iii) such other typical credit facility terms and conditions to be established by the Purchaser (the “Purchaser Subordinated Debt”); provided, that the Purchaser is able to enter into a satisfactory intercreditor agreement with senior lender upon terms acceptable to the Purchaser.
Subordinated Debt Financing. Prior to the Effective Time, the Lender shall have received evidence that the Subordinated Debt Financing shall have been consummated pursuant to documentation in form and substance satisfactory to the Lender, and that the Borrowers have received cash proceeds from the Subordinated Debt Financing in an aggregate amount of $10,000,000 and that the Borrowers have deposited such cash proceeds into an account of the Borrowers maintained with the Cash Management Bank.
Subordinated Debt Financing. For any debt investment placed for the Company (including mezzanine funding, notes, term loans, promissory notes, debentures, etc.), with the exception of any extension, expansion or revision of the Company's existing credit facilities, Huntxx Xxxx xxxll receive upon Closing: (i) a success fee, payable in cash, equal to three and on half percent (3.5%) of the gross proceeds received by the Company at each such Closing; plus (ii) warrants in the entity financed, with a cashless exercise provision, equal to three and one-half percent (3.5%) of the gross proceeds received by the Company at each such Closing; exercisable at a strike price equal to one hundred percent (100%) of the fair market value price of the common stock for the Company as of the date the Company receives the funds, in whole or in part, at any time within 7 years from issuance.
Subordinated Debt Financing. 21 4.10 Class B Preferred................................................21 4.11 HSR ...........................................................21
Subordinated Debt Financing. Other than in the Company's normal course of business activities, for any debt investment placed for the Company by Hunter Wise (including mezzanine funding, notes, term loans, proxxxxxxx xxxes, debentures, etc.), with the exception of any extension, expansion or revision of the Company's existing credit facilities, Hunter Wise shall receive upon Closing: (i) a success fee, payabxx xx xxxx, xxxxl to fourfour percent (4.0%) of the gross proceeds received by the Company at each such Closing, plus (ii) warrants in the entity financed, equal to fourfour percent (4.0%) of the gross proceeds received by the Company at Mr. Neil C. Kitchen November 21, 2000 Page 4 each such Closing, xxxxxxxxxle at a strike price equal to one hundred percent (100%) of the transaction price of the common stock for the Company as of the date the Company receives the funds, in whole or in part, at any time within five (5) years from issuance.
Subordinated Debt Financing. For any subordinated debt investment or secured debt financing with an interest rate of 500 basis points or more above the prime rate placed for the Company, including notes, term loans, promissory notes, debentures, etc., Hxxxxx Xxxx shall receive upon the loan’s Closing: (i) a Success Fee, payable in cash, equal to fourfour percent (44%) of the gross proceeds received by the Company from such Closing, plus (ii) warrants in the entity financed, with a cashless exercise provision, equal to four fourpercent (44%) of the gross proceeds received by the Company from such Closing, exercisable at a strike price equal to one hundred percent (100%) of the fair market value price of the common stock or membership interest for the Company as of the date the Company receives the funds, in whole or in part, at any time within five (5) years from issuance.
Subordinated Debt Financing. Other than in the Company’s normal course of business activities, for any debt investment placed for the Company by CCGI (including mezzanine funding, notes, term loans, promissory notes, debentures, etc.), with the exception of any extension, expansion or revision of the Company’s existing credit facilities, CCGI shall receive upon closing: (i) a success fee, payable in cash equal to 4% of the gross proceeds received by the Company at each such closing, plus (ii) warrants in the entity financed, with a cashless exercise provision, equal to 4% of the gross proceeds received by the Company at each such Closing, exercisable at a strike price equal to 100% of the fair market value price of the common stock for the Company as of the date the Company receives the funds, with such warrants to be exercisable in whole or in part, at any time within three years from issuance.
