Specified Financing definition

Specified Financing means not less than $5,000,000 of cash proceeds received by the Loan Parties on or before February 28, 2019 (a) in the form of Subordinated Indebtedness or (b) in consideration for the issuance by the Parent of Qualified Equity Interests, such financing to be received by the Loan Parties pursuant to definitive documents in form and substance reasonably satisfactory to the Collateral Agent.
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Specified Financing means the financing as set forth in the financing addendum attached hereto.
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Specified Financing means a financing evidenced by Specified Financing Documents.
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Examples of Specified Financing in a sentence

  • Once the right candidate is recruited to serve the North County and hopefully that would decrease the travel cost, which is around $10,000 a year for home visiting.

  • However, Buyer elects not to proceed with consummation of this Contract because Property does not satisfy the lender(s) requirements, the Appraisal does not allow for the Specified Financing or Property is inadequate collateral.

  • We recognize, in this policy the significant ways through which availability or absence of climate change actions may impact on industrial, tourism and transport activities.

  • Any default or event of default (as defined therein) shall occur under any of the Specified Financing Documents and continue beyond any applicable notice or cure period.

  • The Managing Member will cause the LLC to use its Reasonable Best Efforts to consummate the Alternative Financing, and the amount and terms of the Specified Financing shall be adjusted to take into account the Alternative Financing that is consummated.

  • Upon payment of the Purchase Price by Purchaser and the filing of the Specified Financing Statements, Purchaser will have acquired, subject to the terms and conditions set forth in this Agreement, good and valid title to the Purchased Receivables, free and clear of all liens, security interests and encumbrances of any nature whatsoever (other than those (i) contemplated by this Agreement and the Escrow Agreement and (ii) created, granted or incurred by, or in favor of, Purchaser).

  • The Purchaser agrees to use its reasonable best efforts to cause the Specified Financing Arrangement to be obtained as soon as practicable following the date hereof.

  • Purchaser may substitute alternative financing and/or an alternative lender for Specified Financing provided: (a) Purchaser is qualified for alternative financing; (b) there is no additional expense to Seller; (c) Settlement Date is not delayed; and (d) if Purchaser fails to settle, except due to any Default by Seller, then the provisions of the DEFAULT paragraph shall apply.

  • A Specified Financing Resolution or a Specified Financing Repurchase shall have occurred, provided that if Parent or its Subsidiaries sells assets to accomplish a Specified Financing Resolution or a Specified Financing Repurchase then such sales must be made in accordance with the terms set forth in Section 6.28(b) of the Parent Disclosure Letter.

  • Each Loan Party shall not permit a Change of Control to occur 60 11.18 Existing Convertible Debt 60 11.19 Specified Financing 60 ARTICLE XII EFFECTIVENESS; CONDITIONS OF LENDING, ETC.


More Definitions of Specified Financing

Specified Financing means any financing or refinancing of any indebtedness or debt securities of the Company or any of its Subsidiaries that is consummated with any Existing Lender or any Affiliate of any Existing Lender (collectively, “Participating Lenders”) pursuant to an opportunity that was made available to such Existing Lender on account of any class of indebtedness or debt securities held by such Existing Lender; provided, that each Existing Lender that holds indebtedness or debt securities of such class, in its capacity as such, has been offered a bona fide opportunity to fund or otherwise provide its pro rata share of the indebtedness or debt securities on the same terms (other than bona fide backstop fees and reimbursement of counsel fees and other expenses in connection with the negotiation of the terms of such financing or refinancing) as such Participating Lenders (it being understood that first-out loans and second-out loans are different classes of loans).
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Specified Financing is defined in Section 5.2(e).
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Specified Financing means a certain revolving line of credit in the maximum principal amount not to exceed $2,000,000 at any one time, made available by the Specified Financing Provider to the Loan Parties pursuant to the terms of the Specified Financing Documents.
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Specified Financing means a financing evidenced by Specified Financing Documents. “Specified Financing Documents” means (i)(x) that certain Export-Import Transaction Specific Loan and Security Agreement, dated as of September 30, 2020 by and among the Borrower, USSI, the lenders from time to time parties thereto and PNC Bank, National Association, as Agent (the “ExIm Loan Agreement” and (y) the “Other Documents” as defined in the ExIm Loan Agreement and (ii) the documentation for any financing transaction that amends, amends and restates, supplements, modifies, extends, replaces, renews, restates or refinances the financing provided for under the Specified Financing Documents described in clause (i) (such financing described in clause (i), the “Initial Specified Financing”), so long as (x) the Receivables securing such Specified Financings are attributable solely to Specified Financing Eligible Account Debtors and (y) the material terms of such financing transaction (other than amounts, yield, fees or other compensatory economics, maturity, advance rates and other economic terms) are substantially consistent with the material terms of the Initial Specified Financing; provided that a certificate of the Borrower certifying in good faith that the material terms of such financing transaction are substantially consistent with the material terms of the Initial Specified Financing shall satisfy the requirements of this clause (y). “Specified Financing Eligible Account Debtor” means (i) [REDACTED], (ii) [REDACTED] or (iii) [REDACTED]; provided, the Borrower may make a one-time election to replace such Account Debtor set forth in this clause (iii) upon at least three Business Days’ prior written notice to the Administrative Agent with another Account Debtor identified in such notice (the “Specified Financing Replacement Account Debtor”) and subject to the requirements set forth in Section 6.05(b). “Specified Financing Replacement Account Debtor” has the meaning set forth in the definition of Specified Financing Eligible Account Debtor.
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Specified Financing means that certain term loan in the principal amount of $2,000,000 made available by the Specified Financing Provider to the Company pursuant to the Specified Financing Documents.
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Related to Specified Financing

  • Equity Financing means the next sale (or series of related sales) by the Company of its Equity Securities to one or more third parties following the date of this instrument from which the Company receives gross proceeds of not less than $1,000,000 cash or cash equivalent (excluding the conversion of any instruments convertible into or exercisable or exchangeable for Capital Stock, such as SAFEs or convertible promissory notes) with the principal purpose of raising capital.

  • Closing Date Refinancing means the repayment, repurchase, redemption, defeasance or other discharge of the Existing Debt Facility and termination and/or release of any security interests and guarantees in connection therewith.