Equity Condition definition

Equity Condition means the raising of cash by Borrower of not less than $25.0 million through the issuance of Equity Interests thereof prior to the end of the fiscal quarter ending March 31, 2015.”

Equity Condition shall have the meaning set forth in Section 6.02(k).

Equity Condition means, during the period in question, (a) (i) there is an effective Registration Statement pursuant to which the Holder is permitted to utilize the prospectus thereunder to resell all of the shares of Common Stock issuable pursuant to the Transaction Documents (and the Company believes, in good faith, that such effectiveness will continue uninterrupted for the foreseeable future) or (ii) all of the Conversion Shares issuable pursuant to the Transaction Documents may be resold pursuant to Rule 144, (b) the Company shall have honored all conversions and redemptions scheduled to occur or occurring by virtue of one or more Notices of Conversion of the Holder, if any, and (c) there is a sufficient number of authorized but unissued and otherwise unreserved shares of Common Stock for the issuance of all of the shares then issuable pursuant to the Transaction Documents.

Examples of Equity Condition in a sentence

• Among the conditions precedent to the Lease Modification Agreement is the same New Equity Condition as set forth in the Term Loan Modification Agreement.

• Among the conditions precedent to the Lease Modification Agreement was the same New Equity Condition as set forth in the Term Loan Modification Agreement.

• As such, the Company is pleased to announce that the consummation of the Offering has satisfied the New Equity Condition.

• Finding 2010-1: Housing Choice Voucher - Negative Equity Condition and Criteria: HUD provides the Housing Authority with subsidy for administrative fees, and Housing Assistance Payments.

• Recent contri- butions include: Geir Asheim, Tapan Mitra & Bertil Tungodden, A New Equity Condition for Infinite Utility Streams and the Possibility of Being Paretian, in INTERGENERATIONAL EQUITY AND SUSTAINABILITY 55 (John Roemer & Kotaro Suzumura eds., 2007); Geir B.

More Definitions of Equity Condition

Equity Condition means, with respect to any given date of determination, each of the following:

Equity Condition means that the following condition is satisfied: a Registration Statement shall be effective and available for the resale by the Investor of at least such number of Ordinary Shares with a market value (as determined by the most recent closing price) equal to two times the current principal balance of all Promissory Notes outstanding.

Equity Condition means, (i) the Common Stock is trading uninterrupted on the Principal Market and (ii) the price at which the Common Stock is trading on the Principal Market during any consecutive (uninterrupted) thirty calendar day period is not below $0.21 per share.

Equity Condition means the closing, after the Effective Date, of one or more sales by Borrower of its capital stock with aggregate gross cash proceeds of at least Twenty Million Dollars ($20,000,000).

Equity Condition is used herein as ---------------- defined in that Certain Consent Solicitation Statement dated as of January 7, 1998 from Energy to the holders of the Senior Unsecured Notes.

Equity Condition means the closing of an initial public offering by the Company for its Common Stock (the “Offering”). The Company shall use commercially reasonably efforts to ensure that the Equity Condition is fulfilled with eighteen (18) months following the date of this letter agreement.

Equity Condition means that the Borrower has consummated a public offering of common units representing limited partnership interests in the Borrower resulting in the receipt by the Borrower of gross proceeds of at least $350,000,000 during the period commencing on July 17, 2015 and ending on the Increase and Amendment Effective Date.”