Minimum Capital Raise definition

Minimum Capital Raise shall have the meaning as set forth in Section 1.1(b)(iii) Lof Exhibit B.
Sample 1Sample 2
Minimum Capital Raise means, at any time after February 13, 2003, the receipt by the Borrower of (a) aggregate gross proceeds through one or more (i) issuances by the Borrower of equity or (ii) incurrences of unsecured Indebtedness not amortizing or maturing prior to February 14, 2005, and/or (b) aggregate Net Proceeds in respect of any divestitures of assets or property by the Borrower, or any combination thereof, in an amount of at least $300,000,000.00, in cash or cash equivalents.
Sample 1
Minimum Capital Raise means a cash infusion, in the form of subordinated debt and/or equity in form and content satisfactory to Bank in its sole discretion, in the amount of at least Eight Million Dollars ($8,000,000.00). If the cash infusion is in the form of subordinated debt, Infologix shall cause the subordinated lender to execute and deliver to Bank a subordination agreement, in form and content satisfactory to Bank coincident with the incurrence of such debt.”
Sample 1

Examples of Minimum Capital Raise in a sentence

  • A capital raise equal to or greater than the Minimum Capital Raise is referred to as “Capital Raise”).

  • For the avoidance of doubt, the effectiveness of this Agreement is conditioned on (i) the closing of a Minimum Capital Raise; (ii) the approval of the Certificate Proposal by the Board of Directors and Stockholders; (iii) the effectiveness of the Certificate Amendment and (iv) the delivery to the Series A Noteholders of the fully executed Series 2023 Amendment.

  • For the avoidance of doubt, the effectiveness of this Agreement is conditioned on (i) the closing of a Minimum Capital Raise; (ii) the approval of the Certificate Proposal by the Board of Directors and Stockholders; (iii) the effectiveness of the Certificate Amendment and (iv) the delivery to the Series 2023 Noteholders of the fully executed Series A Amendment.

  • Without limiting any other provisions of the Loan Documents, if the Minimum Capital Raise has not been consummated on or before October 31, 2003, the Borrower shall cooperate fully with and permit access by the Agent-Related Persons and their consultants from after that date for purposes of auditing the Receivables in connection with the implementation of the Borrowing Base and pay to Administrative Agent upon demand all reasonable costs and expenses of such audit.

  • The resale of said shares converted pursuant to the Liquidity Event shall be subject to any qualified underwriter’s restrictions, opinion and approval and any applicable resale rules, lockups (provided that all officers and directors of the Company are similarly “locked up”), or the like, and provided that the Company has obtained both the Minimum Liquidity Valuation and Minimum Capital Raise in the Liquidity Event.

  • If this Agreement is terminated due to the Employee’s death or Disability, or if the Employee was terminated by the Company without Cause or the Employee terminates this Agreement for Good Reason, then the Capital Raise Bonus shall be payable to Employee (or his estate, as applicable) if the Minimum Capital Raise is reached prior to the Expiration Date.

  • Further, in any such event, Parent or Acquirer shall pay to the Acquired Corporations a one-time ‘catch up’ payment equal to $75,000 x # of months elapsed between the initial Closing and the month in which the Minimum Capital Raise is completed, such that the total payments to Acquired Corporations under (b)(ii) remain equal to $3,000,000.

  • Not permit the Consolidated Unencumbered Liquid Assets to be less than, (i) as of the last day of any month ending before February 15, 2019 and the last day of any month ending after the satisfaction of the Subsequent Minimum Capital Raise Condition, $4,000,000, or (ii) at all other times, $24,000,000.

  • The remaining$5 million of the Loan was advanced on June 26, 2018 following satisfaction of the Minimum Capital Raise (as defined in the Credit Agreement) (the “Additional Advance”).

  • Without limiting any other provisions of the Loan Documents, if the Minimum Capital Raise has not been consummated on or before October 31, 2003, the Borrower shall cooperate fully with and permit access by the Agent-Related Persons and their consultants from after that date for purposes of auditing Fifth Amendment and Waiver (3-Year) the Receivables in connection with the implementation of the Borrowing Base and pay to Administrative Agent upon demand all reasonable costs and expenses of such audit.

Related to Minimum Capital Raise

  • Minimum capital or "minimum required capital" means the capital that must be constantly maintained by a stock insurance corporation as required by statute.

  • Debt to Capital Ratio means the ratio (expressed as a percentage) of debt to total capital (the sum of debt and equity). This is a measure of financial leverage that the Company considers in capital management planning.

  • Minimum Cash Amount shall have the meaning set forth in Section 6.2(iv).

  • Minimum Equity Amount shall have the meaning provided in the recitals to this Agreement.

  • Minimum Funding Amount means, on any date of determination, the amount set forth in the table below: The date that is six months following the Effective Date December 20, 2018 60% of the Financing Commitment December 21, 2018 March 20, 2019 65% of the Financing Commitment March 21, 2019 Day prior to the last day of the Ramp-Up Period 75% of the Financing Commitment The last day of the Ramp-Up Period The last day of the Reinvestment Period 85% of the Financing Commitment

  • Minimum Threshold means the average daily yield on the 10 Year Treasury Note (as reported in the Bloomberg GT10 index) over the Award Period.

  • Trigger Amount with respect to Extraordinary Trust Expenses for the Trust is $25,000 and the Maximum Reimbursable Amount is $100,000. The Trustee Fee will be paid by the Expense Administrator. Expenses will be reimbursed by the Expense Administrator in accordance with the Expense Administration Agreement.

  • Minimum Amount means the Minimum Amount as specified in § 1 of the Product and Underlying Data.

  • VWAP Minimum Price Threshold means, with respect to any particular VWAP Purchase Notice, the Sale Price on the VWAP Purchase Date equal to the greater of (i) 80% of the Closing Sale Price on the Business Day immediately preceding the VWAP Purchase Date or (ii) such higher price as set forth by the Company in the VWAP Purchase Notice.

  • Minimum Investment means an investment in the project of at least two and one‑half million dollars within the investment period. If a county has an average annual unemployment rate of at least twice the state average during the last twenty‑four month period based on data available on the most recent November first, the minimum investment is one million dollars. The department shall designate these reduced investment counties by December thirty‑first of each year using data from the South Carolina Department of Employment and Workforce and the United States Department of Commerce. The designations are effective for a sponsor whose fee agreement is signed in the calendar year following the county designation. For all purposes of this chapter, the minimum investment may include amounts expended by a sponsor or sponsor affiliate as a nonresponsible party in a voluntary cleanup contract on the property pursuant to Article 7, Chapter 56, Title 44, the Brownfields Voluntary Cleanup Program, if the Department of Health and Environmental Control certifies completion of the cleanup. If the amounts under the Brownfields Voluntary Cleanup Program equal at least one million dollars, the investment threshold requirement of this chapter is deemed to have been met.

  • Minimum Cash Balance means a cash balance to be held by the Debtors on the Effective Date in an amount equal to $75 million plus any amounts received on account of GCI (as defined in the Uniti Term Sheet) reimbursements and Cash Payments (as defined in the Uniti Term Sheet) received by the Debtors on or before the Effective Date.

  • Minimum Liquidity Amount shall have the meaning assigned to such term in the Pricing Side Letter.

  • Minimum Takedown Threshold shall have the meaning given in Section 2.1.4.

  • Minimum Liquidity means, as of any date of determination, the sum of (a) the aggregate unused amount of the Commitments as of such date and (b) unrestricted cash of the Loan Parties as of such date.

  • Minimum Tranche Amount has the meaning specified in Section 2.15(b).

  • Total risk-based capital ratio means the Total Risk-Based Capital Ratio determined in accordance with the rules and regulations of the appropriate Regulatory Authority as from time to time in effect, and any successor or other regulation or official interpretation of said Regulatory Authority relating thereto.

  • stipulated minimum threshold means that portion of local production and content as determined by the Department of Trade and Industry; and

  • Net Capital Net Capital shall mean "net capital" as defined in Rule 15c3-1.

  • Stated Threshold means total losses under the shared loss agreements in the amount of $41,000,000.00.

  • Capital Increase shall have the meaning specified in Section 2.1.

  • Minimum L/C Collateral Amount means, at any time, in connection with any Letter of Credit, (i) with respect to Cash Collateral consisting of cash or deposit account balances, an amount equal to 102% of the Revolving L/C Exposure with respect to such Letter of Credit at such time and (ii) otherwise, an amount sufficient to provide credit support with respect to such Revolving L/C Exposure as determined by the Administrative Agent and the Issuing Banks in their sole discretion.

  • PIPE Investment Amount means the aggregate gross purchase price received by Acquiror prior to or substantially concurrently with Closing for the shares in the PIPE Investment.

  • Minimum Weighted Average Coupon Test means a test that will be satisfied on any Measurement Date if the Weighted Average Coupon equals or exceeds 7.0%.

  • Minimum DSCR means, with respect to a Supplemental Loan, (i) if the Senior Indebtedness bears interest at a fixed rate, 1.25:1, or (ii) if the Senior Indebtedness bears interest at a floating rate, 1.10:1.

  • Minimum Acceptable Price with respect to any Put Notice Date shall mean seventy-five percent (75%) of the lowest closing bid prices for the ten (10) Trading Day period immediately preceding such Put Notice Date.

  • Average Invested Capital of the Company shall mean the average of the aggregate historical cost of the consolidated assets of the Company and its subsidiaries, excluding the Transferred Assets, invested, directly or indirectly, in real estate or ownership interests in, and loans secured by, real estate and personal property owned in connection with such real estate (collectively, “Properties”) (including acquisition related costs and costs which may be allocated to intangibles or are unallocated), before reserves for depreciation, amortization, impairment charges or bad debts or other similar noncash reserves, computed by taking the average of such values at the beginning and end of the period for which Average Invested Capital is calculated.