Capitalization Event means any sale or issuance by the Parent or any of its Subsidiaries of equity securities except for the issuance of the Borrower’s operating partnership units in exchange for a direct or indirect ownership interest in a Hotel Property or a Person that owns a Hotel Property.
Capitalization Event is the issuance by Borrower of equity or subordinated debt after the date hereof to investors acceptable to Bank resulting in the receipt of net proceeds to Borrower of at least Eight Hundred Thousand Dollars ($800,000.00) in cash.
Capitalization Event means any sale or issuance by the Parent or any of its Subsidiaries of equity securities except for the issuance of the Borrower's operating partnership units in exchange for a direct or indirect ownership interest in a Person that owns a Hotel Property.
Examples of Capitalization Event in a sentence
Two Million Seven Hundred Fifty Thousand (2,750,000) shares of Common Stock (subject to adjustment for any Capitalization Event) have been duly authorized and have been or will be reserved for issuance upon purchase under this Agreement as Purchase Shares.
One Hundred Thirty-Seven Thousand Six Hundred Fourteen (137,614) shares of Common Stock (subject to adjustment for any Capitalization Event) have been duly authorized and reserved for issuance as Commitment Shares (as defined below in Section 5(e)) in accordance with this Agreement.
Except as specifically stated otherwise, all share-related and dollar-related limitations contained in this Section 2, shall be adjusted to take into account any Capitalization Event.
More Definitions of Capitalization Event
Capitalization Event is the making and completion by the Borrower of an initial public offering.
Capitalization Event means the issuance by the Borrower of equity resulting in the receipt by the Borrower of at least Three Million Five Hundred Thousand Dollars ($3,500,000.00).
Capitalization Event means any sale or issuance by the Parent or any of its Subsidiaries of equity securities except for the issuance of the
Capitalization Event means any transaction or event that results in an increase in the Primary Obligor’s capital or surplus or both.
Capitalization Event means either a Borrower Capitalization Event or a -------------------- Parent Capitalization Event.
Capitalization Event means, with respect to the Common Stock, any reorganization, recapitalization, non-cash dividend, stock split, reverse stock split or other similar transaction.
Capitalization Event is receipt by the Borrower of cash proceeds of at least Ten Million Dollars ($10,000,000.00), from the issuance of its equity securities after August 14, 2002.