Additional Equity Sample Clauses

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 (other than the offering or exercise of stock options pursuant to management incentive plans) offering 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 seventy-five percent (75%) of the net cash proceeds of such equity offering.

Additional Equity. In the event Seller holds any restricted stock units (“Restricted Stock”) or stock options (“Stock Options”) of the Company granted under any equity incentive plan of the Company or otherwise (the “Equity Awards” and the common stock of the Company underlying such Equity Awards, the “Award Stock”), Seller agrees to the following: (i) to promptly transfer the Award Stock to Buyer promptly upon receipt of such Award Stock, (ii) to not sell, assign, encumber or in any other way transfer any of the Award Stock except to Buyer, and (iii) to not exercise any Stock Options unless in connection with transferring the resulting Award Stock to Buyer with the consent of Buyer. Seller agrees that the Purchase Price constitutes in part consideration for the Award Stock and no further consideration from Buyer shall be paid in exchange for the Award Stock.

Additional Equity. (a) Subject to paragraph (b) below, ----------------- make equity investments in the Premises, in addition to that required by paragraph (30) of Section 4.01, in amounts such that Borrower's aggregate equity investment in the Premises will be equal to at least 100% of Borrower's Share of Total Project Costs by the date which is one hundred eighty (180) days from the date hereof (the "Final Equity Determination Date"), it being understood that in such event the unused Loan Commitments of the Banks, if any, shall automatically terminate. (b) In the event Borrower's equity investments in the Premises on the Final Equity Determination Date aggregate less than 100% of Borrower's Share of Total Project Costs, as reasonably determined by Administrative Agent, the following procedure shall apply. Borrower shall, within five (5) days of Administrative Agent's demand therefor, deposit into a "blocked" cash collateral account to be established with Administrative Agent (the "Project Costs Cash Collateral Account") (and held by Administrative Agent for the benefit of the Banks as hereinafter provided) an amount equal to the excess of (x) 100% of Borrower's Share of Total Project Costs over (y) the amount of equity actually invested by Borrower in the Premises as of the Final Equity Determination Date, as reasonably determined by Administrative Agent and specified by it in its demand to Borrower referred to above. Following Borrower's deposit into the Project Costs Cash Collateral Account as aforesaid, the Banks shall advance to Administrative Agent for deposit into the Project Costs Cash Collateral Account all remaining undisbursed proceeds of the Loans, if any, irrespective of whether or not Borrower has submitted a request for such advance to Administrative Agent as provided herein, such advance not to exceed, however, 80% of the then remaining Total Project Costs. Upon such advance, the unused Loan Commitments of the Banks, if any, in excess of 80% of the then remaining Total Project Costs shall automatically terminate. (c) Amounts deposited into the Project Costs Cash Collateral Account as aforesaid shall be invested by Administrative Agent in certificates of deposit or other money market instruments (each such certificate of deposit or money market instrument, a "MM Instrument") issued (and to be held) by Administrative Agent, the amounts and terms of which shall be acceptable to Administrative Agent. Borrower hereby assigns the Project Costs Cash Collateral Acco...

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. 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. 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.