Additional Equity. For the avoidance of doubt, to the extent the Company exercises its call rights under Section 2.3, the Company shall also issue to the Backstopper, at the Closing, the Origination Fee and the Warrants.
Additional Equity. Within thirty (30) days after any equity offering (other than the offering or exercise of stock options or other equity awards pursuant to management incentive plans or to finance an Acquisition permitted under Section 5.13 hereof) by a Company which shall be only with the prior written consent of Agent and the Required Lenders, Borrower shall make a Mandatory Prepayment in an amount equal to one hundred percent (100%) of the net cash proceeds of such equity offering.
Additional Equity. In addition to the equity granted pursuant to Section 2.4, the Executive shall be eligible to receive such additional equity awards of the Company from time to time as determined by the Compensation Committee or the Board.
Additional Equity. Lender reserves the right to require, at any time and from time to time, at Borrower's expense, a construction cost analysis by the Inspector or by an expert in the construction cost field designated by Lender. If Lender reasonably estimates, at any time and from time to time, that the amount necessary to assure final Completion of the Work for Phase 2, including but not limited to, interest and other soft or non-construction budget items (the "Phase 2 Total Budget") shall exceed the amount of the (a) remaining Advances under the Loan which are to be used to fund Approved Costs for the Work, plus (b) the total amount of all equity investments made or scheduled to be made by Borrower or Guarantor, then Borrower, at the request of Lender, shall (i) immediately deposit with Lender, to be held by Lender in a non-interest bearing, non-escrow account, the amount of any such difference, in cash, which amount shall be disbursed toward Phase 2 Total Budget costs prior to any further advance by Lender under the Loan, (ii) provide other financial assurances acceptable to Lender that additional construction funds will be available to Borrower and Guarantor to fund Completion of the Work, or (iii) pay from other sources the amount of any such difference for items included in the Phase 2 Total Budget with satisfactory evidence of such expenditure being provided to Lender prior to any further Advances under the Loan. Lender shall be assured at all times, to its satisfaction, that the estimated Advances to be made under the Loan which are to be used to fund Approved Costs for the Work are sufficient to complete the Work for Phase 2 in accordance with the Phase 2 Total Budget, the applicable Specifications and this Agreement. Obligors hereby agree that payment for any cost overruns related to the Work shall be the sole responsibility of Obligors. Lender reserves the right of continual verification of adequate equity investments made by Borrower as required in this Section.
Additional Equity. Permit the Company to issue or sell any additional shares, membership interests or equity interests in the Company to any Person until after the Final Payout Date.
Additional Equity. As soon as practicable following the Closing Date, Buyer will use its best efforts to arrange for additional third party equity financing for Seller, to be contributed to Seller over a period of no greater than eighteen (18) months from the Closing Date, and in an aggregate amount not less than Eight Million U.S. Dollars ($8,000,000) ("Equity Financing"). The parties specifically acknowledge and anticipate that this Equity Financing will involve and/or cause a substantial dilution of existing shareholders, including but not limited to Buyer.
Additional Equity. Borrowers shall have provided evidence reasonably satisfactory to Lender that additional equity has been contributed to Red Mountain in an amount of not less than $5,000,000.00, in form and upon terms reasonably acceptable to Lender.
Additional Equity. The Company shall have consummated the sale of additional shares of Common Stock and Series A Preferred Stock pursuant to the Offerings for aggregate gross proceeds to the Company of not less than $20,000,000.
Additional Equity. Permit the Company to issue or sell any ----------------- additional Shares, membership interests or equity interests in the Company to any Person until after the Trust Termination Date.
Additional Equity. Executive may also be eligible to receive additional grants of options or issuances of shares of the Company’s common stock, in amounts, if any, to be approved by the Company’s Board of Directors (the “Board”) in its discretion.
