Examples of Gross Cash Proceeds in a sentence
In the event that funds sufficient to satisfy the payments required to be made pursuant to subsections (iv)(a) and (iv)(b) above are unavailable, such payment obligations shall be pari passu, and any unpaid amounts thereof shall be paid from Gross Cash Proceeds subsequently received by the Company.
Banking fees in cash in an amount equal to (A) eight percent (8%) of the total gross cash proceeds received by the Client (“Gross Cash Proceeds”) in the Equity Financing if such financing is a public offering registered under the Securities Act of 1933, as amended (the “Securities Act”), and (B) ten percent (10%) of the Gross Cash Proceeds in the Equity Financing if such financing is not a public offering registered under the Securities Act.
The Company is seeking to raise minimum Gross Cash Proceeds of US$150 million.
Due to oversubscription for the Gross Cash Proceeds, the Joint Bookrunners, in consultation with the Company, decided to scale back PL Subscription to $20 million instead of $25 million.
On or before April 30, 2011, the Borrower shall raise at least $55,000,000 in Gross Cash Proceeds from Equity Issuances, in addition to the $30,000,000 Additional Equity Amount.