Examples of Equity Sale Proceeds in a sentence
Notwithstanding the foregoing, all amounts received by Borrower after the date of this Note from the issuance or sale of shares of the capital stock of Borrower (referred to herein as "Equity Sale Proceeds") shall be used to pay first all accrued and unpaid interest under this Note and then shall be used to pay the Outstanding Principal Sum to the extent of the remaining balance of such Equity Sale Proceeds.
Not later than 72 hours prior to the printing of the Proxy Statement, the Company shall provide a certificate signed by each of the Chief Executive Officer and Chief Financial Officer of the Company in the form of Exhibit I hereto (the “Proceeds Shares Certificate”), which shall set forth (A) the Company Equity Sale Proceeds and (B) the Equity Proceeds Shares, in each case, if any.
At any time (a) Parent shall cease to own one hundred percent (100%) of the Borrower Equity Interests, (b) Bulldog and Junior Subordinated Lenders collectively cease to own at least seventy percent (70%) of the voting Parent Equity Interests or (c) any initial public offering of the Parent Equity Interests shall occur and the Equity Sale Proceeds thereof are not applied pursuant to SECTION 2.8.
Announces $28.5 Million Equity Sale- Proceeds Will Facilitate Significantly Lower Interest Costs, Strengthen Balance Sheet to Support Future Growth -NEW ORLEANS, March 15, 2005-- Sizeler Property Investors, Inc.
The acknowledgment of wrongdoing is like an act of atonement and suggests the intent to reform bad practices.