Cash Equity Infusion definition
Cash Equity Infusion means funds provided by one or more investors in exchange for the issuance to such investors of equity interests in the E-Commerce Venture. Such funds shall constitute part of the Cash Equity Infusion if they are advanced for, or in connection with, the E-Commerce Venture's issuance of common stock, convertible preferred stock, or options or warrants convertible or exercisable into such common or convertible preferred stock. By way of example only, Cash Equity Infusion will include funds advanced through subordinated notes issued in conjunction with warrants to purchase common stock. The amount of the Cash Equity Infusion shall include the net cash proceeds actually received by the E-Commerce Venture, after deducting all commissions, fees and expenses (including legal and accounting fees) associated with the transaction in which the Cash Equity Infusion is made. The term "Cash Equity Infusion" specifically excludes services rendered or to be rendered in exchange for an equity interest in the E-Commerce Venture.
Examples of Cash Equity Infusion in a sentence
If (but only if) the E-Commerce Venture receives on or before December 31, 2001 a Cash Equity Infusion (as defined in the Separation Agreement) of at least $10,000,000, then Carriage shall cause to be issued to ▇▇▇▇▇▇ non-qualified options under Carriage's 1995 Stock Incentive Plan to purchase up to 50,000 shares of Carriage's Class A Common Stock, $.01 par value.
At any time when the Leverage Ratio as determined as of the end of the most recent fiscal quarter is greater than or equal to 2.0 to 1.0, the Borrower shall make a mandatory prepayment of principal equal to 100% of the Net Cash Equity Infusion from Savoy within ten (10) days of the receipt of such cash distributions and/or dividends.