Growth Capital definition

Growth Capital means the total of cash investments in an approved investment company, including credit-eligible capital contributions from investors and other cash investments, in the amount as approved by the secretary and stated on the notice issued under section 4(e), and amendments thereto. At least 60% of growth capital must be comprised of credit-eligible capital contributions. At least 10% of growth capital must be composed of equity investments contributed by affiliates of the approved investment company, including employees, officers and directors of such affiliates.

Growth Capital has the meaning set forth in Section 1.1(b) of the Company Disclosure Schedule.

Growth Capital has the meaning set forth in Section 2.10.

Examples of Growth Capital in a sentence

• In connection with the accompanying Annual Report of Hercules Technology Growth Capital, Inc.

• Bank may make Growth Capital Advances under this Agreement based on instructions from a Responsible Officer or his or her designee or without instructions if the Growth Capital Advances are necessary to meet Obligations which have become due.

• Bank shall credit Growth Capital Advances to the Designated Deposit Account.

• The Growth Capital Loans may be prepaid as provided in this Section 2 only.

• Principal of, and interest on, each Growth Capital Loan shall be payable as set forth in a Note evidencing such Growth Capital Loan (substantially in the form attached hereto as Exhibit “A”), which Note shall provide substantially as follows: principal shall be fully amortized over the Amortization Period in equal, monthly principal installments plus, in each case, unpaid interest thereon at the Designated Rate, commencing after the Interest-only Period of interest-only installments at the Designated Rate.

• All our capital expenditures are considered Growth Capital Expenditures.

• Borrower may prepay any Growth Capital Advances without penalty or premium.

• The aggregate outstanding amount of Growth Capital Advances shall not exceed the Growth Capital Line.

• Borrower fails to (a) make any payment of principal or interest on any Credit Extension when due, or (b) pay any other Obligations within three (3) Business Days after such Obligations are due and payable (which three (3) Business Day cure period shall not apply to payments due on the Growth Capital Maturity Date).

• Subject to the prior satisfaction of all other applicable conditions to the making of a Growth Capital Advance set forth in this Agreement, to obtain a Growth Capital Advance, Borrower shall notify Bank (which notice shall be irrevocable) by electronic mail, facsimile, or telephone by 12:00 p.m. Pacific time on the Funding Date of the Growth Capital Advance.

More Definitions of Growth Capital

Growth Capital has the meaning specified in Section 2.01(c).

Growth Capital means cash held by Callidus for the purpose of expanding the Loan Portfolio including $50 million from the proceeds of the Offering, the net proceeds of future issuances of any securities and amounts generated by Callidus from the operation of the business which amounts are not held for the benefit of a Catalyst Fund pursuant to the terms of the Participation Agreement and which, for greater certainty, will not include Debt Capital.

Growth Capital means the total of cash investments in an approved investment company, including credit-eligible capital contributions from investors and other cash investments, including government grants, guaranteed debenture funds, or other public funds, in the amount as approved by the secretary and stated on the notice issued under section 4(e), and