Sale of Equity. The Borrower or any Subsidiary will immediately pay over to the Administrative Agent for the ratable benefit of the Lenders as a prepayment of principal on the Notes, an amount equal to 100% of the proceeds (net of direct costs of sale) received by Borrower or any Subsidiary from the sale of any equity interest in, or securities of, the Borrower or any such Subsidiary.
Sale of Equity. (a) The Company hereby agrees to sell to Subscriber, and Subscriber hereby agrees to purchase from the Company, $75,000,000 of Series C Preferred Equity of the Company (the "Equity"). The purchase price of the Equity is $75,000,000, and is payable in cash at the Closing (as defined below).
Sale of Equity. The Company shall not sell, transfer or distribute any equity securities of InnerCool or TRC. Neither InnerCool nor TRC shall issue any equity securities to any Person other than the Company.
Sale of Equity. P&U agrees to purchase and Geron agrees to sell an aggregate of U.S. 8,000,000 of Geron's Common Stock in a series of two separate equity investments on the terms and conditions set forth in the Common Stock Purchase Agreement attached hereto as EXHIBIT 10.
Sale of Equity. Within three (3) Business Days of the receipt by any Credit Party or any Restricted Subsidiary of any Equity Proceeds (other than Equity Proceeds from (A) the issuance of any Equity Interest in connection with any incentive plans available to officers, directors or employees of Holdings or any of its Subsidiaries or (B) the issuance of any Equity Interests by any Subsidiary to Holdings or any other Subsidiary), the Borrowers shall make a mandatory prepayment of the Revolving Loans in an amount equal to 100% of the proceeds received, any prepayment to be applied in accordance with Section 2.09(c).
Sale of Equity. The Company will deliver to Seller, no later than 30 days from the date of sale, notice of any sale of equity of the Company, which notice will include the amount and price of equity sold and the ownership structure of the Company after giving effect to the sale.
Sale of Equity. Section 2.1 Purchase and Sale of Equity 22 Section 2.2 Purchase Price 22 Section 2.3 Closing 23 Section 2.4 Closing Deliverables 24 Section 2.5 Purchase Price Adjustment 25 Section 2.6 Consideration Spreadsheet 28 Section 2.7 Treatment of Options 28 Section 2.8 Treatment of Warrants 29 Section 2.9 Paying Agent 29 Section 2.10 Withholding Rights 30 ARTICLE III
Sale of Equity. If Borrower raises capital through the sale of any equity security, including but not limited to, common equity, preferred equity or other equity interests or equity securities including warrants, options and the like, Borrower shall apply the proceeds of such sale (less reasonable and customary fees and commissions), first, to cure any Borrowing Base Deficiency that shall then exist, and second, to prepay the outstanding principal balance of any Tranche B Loans, until repaid in full, in each case, together with all accrued but unpaid interest and fees with respect thereto in accordance with Section 2.10(d).
Sale of Equity. Section 9.3(J) of the Loan Agreement is hereby amended by deleting Section 9.3(J) in its entirety and substituting therefor the following:
Sale of Equity. At the Closing, each Stockholder shall sell, convey, assign and transfer to Buyer, and Buyer shall purchase, acquire and accept from each Stockholder all of such Stockholder’s right, title and interest in and to the Shares owned by such Seller as set forth opposite such Stockholders’ name in Section 2.04(a) of the Disclosure Schedule, and which Shares in the aggregate constitute all of the issued and outstanding equity ownership of the Company. Title to the Shares shall be transferred to Buyer at the Closing free and clear of any and all Liens and Restrictions.
