Equity Infusion. The Borrower shall have received cash proceeds of an additional $3,000,000 in capital contributions from one or more of its shareholders upon terms and conditions satisfactory to the Lenders, and the Agent shall have received evidence satisfactory to the Agent of such receipt.
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Sources: Senior Secured Seasonal Line of Credit (Thorn Apple Valley Inc)
Equity Infusion. The Borrower shall have received cash proceeds of an additional $3,000,000 in capital contributions from one or more of its shareholders upon terms and conditions satisfactory to the Lenders, Lenders and the Agent shall have received evidence satisfactory to the Agent of such receipt.
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