Supplementary Financing definition
Examples of Supplementary Financing in a sentence
The party providing the Supplementary Financing shall be allocated Ordinary Shares of the Company held by Meytav in accordance with Section 4.4.3 above in consideration for the Supplementary Financing, as agreed in the said negotiations.
The parties agree that any issuance of shares in addition to that required for the Supplementary Financing will dilute all shareholders proportionally.
Any Ordinary Shares not allocated to investors in the Supplementary Financing shall be held by Meytav in accordance with the Rules and Regulations.
The Supplementary Financier shall mean the providers of the Supplementary Financing (as defined in the Meytav Agreement), including Meytav and the Entrepreneur, as and if applicable.
For the purpose of participation of the United States in the Supplementary Financing Facility (hereinafter referred to as the ‘‘facility’’) estab- lished by the decision numbered 5508–(77/127) of the Executive Directors of the Fund, the Sec- retary of the Treasury is authorized to make re- sources available as provided in the decision numbered 5509–(77/127) of the Fund, in an amount not to exceed the equivalent of 1,450 million Spe- cial Drawing Rights.
If at any time, Purchaser obtains Permanent Financing and/or Replacement Placement Financing which causes the aggregate of all Permanent Financing and/or Replacement Permanent Financing and Supplementary Financing to exceed the Target Percentage of the Total Costs of all Parcels covered by such financings, Purchaser shall pay the amount of such excess to Alterra as a prepayment on Supplementary Financings.
The maturity date of the Supplementary Financing with respect to any Parcel shall be the same as the scheduled maturity date of the Permanent Financing or Replacement Permanent Financing with respect to such Parcel.
Each Supplementary Financing shall be at an interest rate of eleven percent (11%) per annum, and interest shall be payable quarterly except to the extent prohibited by any intercreditor or subordination agreement entered into by Alterra with the Senior Lender.