Cornell Facility definition

Cornell Facility means Alpha’s research and development and warehouse facility located at 0000 X. Xxxxxxx Avenue, Melrose Park, Illinois 60160.
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Cornell Facility means the Promissory Note between the Company and Cornell Capital Partners, LP dated April 26, 2005 and the Standby Equity Distribution Agreement between the Company and Cornell Capital Partners, LP dated February 11, 2004.
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Cornell Facility means a Standby Equity Distribution Agreement between Cornell and the Company;
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Examples of Cornell Facility in a sentence

  • Within ten Business days after the Closing, CanArgo Energy Corporation shall deliver to Purchasers: (a) reasonably satisfactory evidence of the payment of all CanArgo Energy Corporation's obligations under the Cornell Facility and any other agreements relating to or arising out of the Cornell Facility by the payment of the Cornell Facility in full and in cash with the proceeds from the issuance of the Notes; and (b) a copy of the notice of termination delivered under the Cornell Facility.

  • Within ten Business Days after the Closing, Company shall deliver to Purchasers (a) reasonably satisfactory evidence of the payment of all of the Company's obligations under the Cornell Facility and any other agreements relating to or arising out of the Cornell Facility by the payment of the Cornell Facility in full and in cash with the proceeds from the issuance of the Notes and (b) a copy of the notice of termination delivered under the Cornell Facility.

  • Close hereunder as soon as practicable upon the reduction of the Cornell Facility from its current balance of about Nine Hundred Fifty Thousand Dollars ($950,000) to a balance of Five Hundred Thousand Dollars ($500,000) and the release by Cornell of its lien on the PA Building.

  • Should such financing not be forthcoming and we should be unable to maintain our current positive cash flow, unable to exercise the Cornell Facility or unable to sell some or all of our non-core assets, changes to our planned development program, further cost reductions and additional funding will be required.

  • Although funds are not yet available, in February 2004, we announced that we had signed a Standby Equity Distribution Agreement that allows us, at our option, to issue shares to US-based investment fund Cornell Capital Partners LP up to a maximum value of $20 million over a period of up to two years (the "Cornell Facility").

  • The Cornell Facility cannot be exercised until the SEC has declared the Form S-3 Registration Statement filed by us on May 6, 2004 effective (See "Item 2- Management's Discussion and Analysis of Financial Condition and Results of Operations -- Liquidity and Capital Resources" for a more detailed discussion).

  • Confined resonances witfl Qs of ~150,000 and sub-micron cubed modal volumes flave been observed.Ania flas been a userat tfle Cornell Facility for only eigflt montfls, fabricatingcantilevers as torque magnetometers to study tfle magnetic properties of small metallic samples.

  • Within ten Business days after the Closing, CanArgo Energy Corporation shall deliver to Purchasers: (a) reasonably satisfactory evidence of the payment of all CanArgo Energy Corporation’s obligations under the Cornell Facility and any other agreements relating to or arising out of the Cornell Facility by the payment of the Cornell Facility in full and in cash with the proceeds from the issuance of the Notes; and (b) a copy of the notice of termination delivered under the Cornell Facility.

  • The New Cornell Facility allows us at our discretion to periodically issue and sell to Cornell Capital up to $20 million of shares of our common stock.

  • Under the terms of the New Cornell Facility, Cornell Capital will provide us with an equity line of credit for 24 months.


More Definitions of Cornell Facility

Cornell Facility means BIB's current equity line of credit and convertible debenture financing with Cornell Capital Partners, L.P.;
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Related to Cornell Facility

  • School facility means and includes any structure, building or

  • Facility means any real property (including all buildings, fixtures or other improvements located thereon) now, hereafter or heretofore owned, leased, operated or used by Holdings or any of its Subsidiaries or any of their respective predecessors or Affiliates.

  • Wireless facility means equipment at a fixed location that enables wireless communications

  • Existing Facility means a facility in existence on any given date, newly constructed or altered.

  • Cannabis cultivation facility means a person that:

  • Clean coal facility means an electric generating

  • LNG facility means a terminal which is used for the liquefaction of natural gas or the importation, offloading, and re-gasification of LNG, and includes ancillary services and temporary storage necessary for the re-gasification process and subsequent delivery to the transmission system, but does not include any part of LNG terminals used for storage;

  • Hospital facilities means any of the following:

  • Public facility means 1 or more of the following:

  • Facility Site means the site described in Schedule B. “FERC” means the Federal Energy Regulatory Commission.

  • Principal Facility means the real property, fixtures, machinery and equipment relating to any facility owned by the Issuer or any Subsidiary, except for any facility that, in the opinion of the Board of Directors, is not of material importance to the business conducted by the Issuer and its Subsidiaries, taken as a whole.

  • School facilities project means the planning, acquisition, demolition, construction, improvement, alteration, modernization, renovation, reconstruction or capital maintenance of all or any part of a school facility or of any other personal property necessary for, or ancillary to, any school facility, and shall include fixtures, furnishings and equipment, and shall also include, but is not limited to, site acquisition, site development, the services of design professionals, such as engineers and architects, construction management, legal services, financing costs and administrative costs and expenses incurred in connection with the project;

  • Holding facility means a designated area for the retention of

  • Existing Facilities means all existing buildings and other facilities, the sites for the buildings or facilities, and furnishings or equipment for the buildings or facilities located on real property acquired by the building authority under the terms of this act.

  • Medical facility means any physician, laboratory, clinic, hospital, or other similar entity.

  • Disposal facility means a facility or part of a facility at which hazardous waste is intentionally placed into or on any land or water, and at which waste will remain after closure. The term disposal facility does not include a corrective action management unit into which remediation wastes are placed.

  • L/C Facility means the letter of credit facility established pursuant to Article III.

  • Total Facility has the meaning specified in Section 1.1.

  • Micro wireless facility means a small cell facility that is not larger in dimension than 24 inches in length, 15 inches in width, and 12 inches in height and that has an exterior antenna, if any, not longer than 11 inches.

  • Stormwater management facility means a control measure that controls stormwater runoff and changes the characteristics of that runoff including, but not limited to, the quantity and quality, the period of release or the velocity of flow.

  • Critical facility means a facility for which even a slight chance of flooding might be too great. Critical facilities include, but are not limited to, schools, nursing homes, hospitals, police, fire and emergency response installations, and installations which produce, use or store hazardous materials or hazardous waste.

  • Small cell facility means a wireless facility that meets both of the following qualifications: (i) each antenna is located inside an enclosure of no more than six cubic feet in volume, or, in the case of an antenna that has exposed elements, the antenna and all of its exposed elements could fit within an imaginary enclosure of no more than six cubic feet and (ii) all other wireless equipment associated with the facility has a cumulative volume of no more than 28 cubic feet, or such higher limit as is established by the Federal Communications Commission. The following types of associated equipment are not included in the calculation of equipment volume: electric meter, concealment, telecommunications demarcation boxes, back-up power systems, grounding equipment, power transfer switches, cut-off switches, and vertical cable runs for the connection of power and other services.

  • Research facility means buildings and structures, including machinery and equipment, used or to be used primarily for research or experimentation to improve or develop new tangible goods or materials or to improve or develop the production processes thereto.

  • Retail facility means a service station, convenience store or any other facility selling a PSTD regulated substance that is open to the general public.

  • Related facilities means any manager's units and any and all common area spaces that are included within the physical boundaries of the housing development, including, but not limited to, common area space, walkways, balconies, patios, clubhouse space, meeting rooms, laundry facilities, and parking areas that are exclusively available to residential users, except any portions of the overall development that are specifically commercial space.

  • Cogeneration facility means a power plant in which the heat or steam is also used for industrial or commercial heating or cooling purposes and that meets Federal Energy Regulatory Commission standards for qualifying facilities under the Public Utility Regulatory Policies Act of 1978 (16