Capital Event. The term “
Capital Event. (Schedule A)
Capital Event. The borrowing of any funds by the Company or the placement of new or additional financing securing all or any portion of a Property or any interest therein; the refinancing of any existing or new financing upon all or any portion of a Property or any interest therein; or the sale, exchange, condemnation, casualty loss or other disposition (whether voluntary or involuntary) of all or any portion of the Properties or any interest therein (including any disposition in consideration for securities in any real estate investment trust or other entity), other than leases of space and dispositions of personal property in the ordinary course of business.
Capital Event. To the extent a Capital Event has occurred and Seller fails to pay the Obligations outstanding on the date of such Capital Event in full on or before the conclusion of the Capital Event Amortization Period.
Capital Event. The occurrence from time to time of an equity or debt offering by Borrower (which shall specifically exclude stock issued in connection with a dividend reinvestment plan), a Disqualifying Environmental Event, or if an Encumbrance, Imposition or Lien arises against an Approved Asset.
Capital Event. On a Capital Event Notice Date, (i) the Obligations outstanding as of such date shall be immediately due and payable in full and Seller shall pay such amounts to the related Buyer on or before the conclusion of the Capital Event Amortization Period, and (ii) any obligation of any Buyer to enter into any Transactions with Seller shall thereupon immediately terminate. Upon the conclusion of the Capital Event Amortization Period, any outstanding Obligations as of such date owed to either Buyer, shall become immediately due and payable, both as to Purchase Price outstanding and Price Differential, without presentment, demand, protest or notice of any kind, all of which are hereby expressly waived, anything contained herein or other evidence of such Obligations to the contrary notwithstanding. Each Buyer may enforce payment of the same and exercise any or all of the rights, powers and remedies possessed by such Buyer, whether under this Agreement or any other Program Agreement or afforded by applicable law.
Capital Event. Xxxx Xxxxx has not provided written notice to Seller and Administrative Agent of the occurrence of a Capital Event.
Capital Event. The Borrowers and Katy have advised the Agent and the Lenders of their intention to restore liquidity to their business operations by means of either a capital infusion, in the form of either equity or debt (collectively a “Capital Contribution”) or pursuant to a sale or other disposition of the assets and business which comprise the “Disco Division” (collectively a “Sale Event”, and together with the Capital Contribution, collectively a “Capital Event”). In connection with the foregoing, the Borrowers and Katy hereby covenant and agree as follows:
Capital Event. (a) The issuance by the Parent or any of its Subsidiaries on or after the Closing Date (i) of Indebtedness or (ii) of any equity interest (excluding any equity interest issued by a Subsidiary to a Borrower or to the Parent), or (b) the receipt by the Parent or any of its Subsidiaries of insurance or other proceeds arising from, or on account of, any casualty or condemnation to any of their assets, or (c) the receipt by the Parent or any of its Subsidiaries of any federal, state, or local tax refund in excess of $500,000.00 in the aggregate. Capital Expenditures. All Capitalized Leases and all expenditures made by the Parent or any of its Subsidiaries which are capitalized or are required to be capitalized on the consolidated balance sheet of the Parent and its Subsidiaries in accordance with Generally Accepted Accounting Principles. Capitalized Leases. Leases under which the Parent or any of its Subsidiaries is the lessee or the obligor, the discounted future rental payment obligations under which are capitalized or are required to be capitalized on the balance sheet of the lessee or obligor in accordance with Generally Accepted Accounting Principles.
Capital Event. If any Capital Event shall occur with respect to any Credit Party or its Subsidiary, the Net Proceeds of such Capital Event shall be used to paydown the outstanding principal balance of the Loan as required under §3.2.
