Initial Equity Investment definition
Initial Equity Investment means the Shares issued to the Investors as of February 26, 2010, including any stock, securities or other property or interests received by the Investors in respect of such shares in connection with any stock dividend or other similar distribution, stock split or combination of shares, recapitalization, conversion, reorganization, consolidation, split-up, spin-off, combination, repurchase, merger, exchange of stock or other transaction or event that affects the Company’s capital stock occurring after the date of issuance, but not including, for the avoidance of doubt, any stock or other securities issued to the Investors or any of them in respect of any subsequent investment or capital contribution made by the Investors or any of them.
Initial Equity Investment. As such term is defined in Section 8.1(a) .
Initial Equity Investment has the meaning assigned to such term in Section 6.01(o).
Examples of Initial Equity Investment in a sentence
For the sake of clarity, any equity stock issued by Adesto (including in a subsequent closing) pursuant to the terms of the definitive agreements entered by Adesto in connection with the Initial Equity Investment shall not be considered the First Financing.
Notwithstanding the foregoing, Axon shall not have the right to participate in the Initial Equity Investment (including subsequent closings thereof).
In addition, SuperGen will receive a warrant (the "Warrant") to purchase up to ten percent (10%) of the outstanding common stock of AVI at an exercise price equal to three hundred percent (300%) of the price of the Initial Equity Investment.
Such Initial Equity Investment must be used to pay Project costs contained in the Budget and approved by Lender, with evidence of payment of the Initial Equity Investment to be delivered to Lender prior to Full Loan Opening.
Lender shall have received evidence that the Initial Equity Investment has been fully expended to pay Budget Costs.
More Definitions of Initial Equity Investment
Initial Equity Investment with respect to Borrower, an amount calculated as the difference between (x) 100% of the Budget Costs for the Property and (y) the Loan Amount for the Property, which amount is to be funded by Borrower from sources other than Advances or Obligations.
Initial Equity Investment means SRT's equity investment in the Borrower in an aggregate amount not less than $52,000,000. in the form of any combination of the following: cash equity, Intercompany Loans, in-kind investment.
Initial Equity Investment means the shares of Stock issued to the Majority Stockholders as of October 26, 2007, including any stock, securities or other property or interests received by the Majority Stockholders in respect of such shares in connection with any stock dividend or other similar distribution, stock split or combination of shares, recapitalization, conversion, reorganization, consolidation, split-up, spin-off, combination, repurchase, merger, exchange of stock or other transaction or event that affects the Company’s capital stock occurring after the date of issuance, but not including, for the avoidance of doubt, any stock or other securities issued to the Majority Stockholders or any of them in respect of any subsequent investment or capital contribution made by the Majority Stockholders or any of them.
Initial Equity Investment means $10,000,000, which is the aggregate minimum amount of the initial equity capitalization in cash of STPII made by Mach One (exclusive of the contribution of $30,000,000 by the Borrower and STTOC using the proceeds of the Loans advanced at Closing and the rollover of $65,000,000 in continuing equity by the Deme▇▇ ▇▇▇up) immediately prior to the consummation of the Pioneer Acquisition.
Initial Equity Investment means an investment by the Investors, directly or indirectly, in the form of subscription for ownership interests in, or the making available of amounts which constitute Subordinated Liabilities to the Company (including by way of rollover of existing investments) of an amount which, in aggregate, is no less than 65 per cent. of the funded capital structure of the Company (such capital structure being constituted by the aggregate amount of such equity and the amount of those Subordinated Liabilities plus the drawn amount of the Facility as at the Closing Date and taking into account any contribution to be made by Target Group management after the Closing Date), provided that any reduction in the Merger Consideration at or before the Closing Date will by applied so as to reduce pro rata the Initial Equity Investment and the amount of the Facility.
Initial Equity Investment means, with respect to the aggregate amount of cash proceeds received by the Borrower from the issuance of its Capital Stock to the Minimum Equity Holders prior to the Effective Date, $125,000,000.
Initial Equity Investment means CIBA's purchase of Presby Preferred Stock under the terms and conditions set forth in Section 3.5(a) and such additional terms and conditions as shall be mutually agreed upon by the parties and set forth in such additional transaction documents as are reasonable and customary for such an equity investment.