Examples of Second Amendment Fee in a sentence
The Loan Parties and each party hereto and thereto shall have executed and delivered this Amendment and the Second Amendment Fee Letter.
The Borrower shall pay to the Agent (for the account of each Lender) an amendment fee in the amount and at the times agreed in the Second Amendment Fee Letter.
The Second Amendment Fee shall be fully earned and due and payable in full on the Second Amendment Effective Date.
Mandatory Conversion A mandatory conversion event, as defined in the Agreement, is the closing of an underwritten initial public offering of the common stock of the Corporation resulting in gross proceeds to the Company of at least $15 million or the vote of a majority of the Holders of outstanding shares to convert the preferred shares to common stock.
The First Amendment Fee shall be fully earned as of the date of this Agreement, and the Second Amendment Fee shall be fully earned as of the Mezzanine Closing Date.