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.

  • 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.

  • 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.


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

  • 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.

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

  • 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;

  • Public facility means 1 or more of the following:

  • Facility Site shall have the meaning set forth in the recitals to the Facility Site Lease.

  • Principal Facility means the real property, fixtures, machinery and equipment relating to any facility owned by the Company 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 Company and its Subsidiaries, taken as a whole.

  • 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 of the following:

  • 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.

  • 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 premises, or part of a premises, that are used wholly or predominantly for the sale or hire of goods by retail, the retail provision of services and includes a market, retail shopping centre and supermarkets;

  • 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