ELOC definition

ELOC means that certain equity line of credit pursuant to the Securities Purchase Agreement, dated as of December 12, 2024 by and between the Corporation and C/M Capital Master Fund, LP.

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ELOC means that certain equity line of credit among the Borrower, D-Wave Systems and Lincoln Park Capital Fund, LLC, entered into on June 16, 2022 and any replacement equity line of credit approved by the PSP Lender in its sole discretion.

ELOC shall have the meaning as that term is defined in Section 4.05.

Examples of ELOC in a sentence

On the last business day of the month, the Borrower shall pay to the Lender in cash the difference between the ELOC draw down remittances paid to the Lender and the Monthly Minimum Installment Payments then due.
New Circle shall remit Eighty Percent (80%) of all ELOC proceeds to the Lender to satisfy the Monthly Minimum Installment Payments under the Notes, with Twenty Percent (20%) of the ELOC proceeds to be retained by the Borrower.
Payment will be remitted to the Lender within three (3) business days following each occasion that the Borrower shall draw down funds under on the ELOC.
Within five (5) business days following the Company's receipt of gross proceeds from each Put Order under the ELOC, the Company shall pay ▇▇▇▇▇▇ an amount equal to five percent (5%) of the gross proceeds received from such Put Order, until the Settlement Amount is paid in full.
The first payment to ▇▇▇▇▇▇ shall be made within five (5) business days following the Company's receipt of proceeds from the first Put Order under the ELOC following the Closing Date.

More Definitions of ELOC

ELOC means a committed equity facility for the offering and sale from time to time of the Borrower’s Class A common stock by CF Principal Investments LLC.

ELOC means the Company’s “at the market” facility with Atsion Opportunity Fund for the issuances and sale of up to (but no more than) $100,000,000 of Ordinary Shares at a discount from market prices from time to time.

ELOC means the Company’s equity line of credit facility pursuant to the Common Shares Purchase Agreement, entered into substantially contemporaneously with the date hereof, by and between the Company and Five Narrow Lane LP.

ELOC shall have the meaning as that term is defined in the Loan Agreement

ELOC means that certain $500.0 million committed equity line of credit evidenced by that certain Purchase Agreement, dated as of April 7, 2022 (as amended, restated, supplemented or otherwise modified from time to time), between the Borrower and B. Riley Principal Capital, LLC.

ELOC means that certain Common Stock Purchase Agreement by and between the Company and the Purchaser, to be effective as of October 1, 2025.

ELOC shall have the meaning ascribed to such term in the defined term “Exempt Issuance.”