Equity Line of Credit. Subject to the terms and conditions hereof, the Investor agrees to maintain, for a period of two (2) years subsequent to the consummation of the Initial Draw (as defined below), an equity line of credit in the aggregate principal amount of Fifty Million Dollars ($50,000,000) (the "Line of Credit") pursuant to which funds will be available solely to the Company within ten (10) business days notice following the Company's request for such funds in accordance with the terms set forth in this Agreement.
Equity Line of Credit. MM2 shall have secured, pursuant to financing documents executed in April, 2005, an equity line of credit facility for advances of not less than Ten Million Dollars ($10,000,000), in the aggregate.
Equity Line of Credit. The Company has entered into the Equity Line of Credit pursuant to which the counterparty thereto has agreed to purchase from the Company up to an aggregate of $75,000,000 of Company Ordinary Shares (subject to the terms and conditions thereof).
Equity Line of Credit. Parent will have entered into a form of agreement, acceptable to Company, effective as of the Closing Date, which provides for an equity line of credit and as a commitment payment for the equity line of credit the Parent will have provided for the issuance of 5,000,000 shares of Common Stock, as restricted stock, which issuance will have been approved by all required corporate action by Parent.
Equity Line of Credit. Each Borrower hereby covenants and agrees for itself, and on behalf of SPAC, that until the Secured Obligations are paid and satisfied in full, in cash, any and all net proceeds from the Equity Line of Credit shall be used solely to pay (i) any unpaid Transaction Expenses (other than Sponsor Transaction Fees) and then (ii) the Secured Obligations until all Secured Obligations have been paid in full, in cash.
Equity Line of Credit. Without limiting anything to the contrary contained herein, during the Interim Period, Purchaser shall seek, but is not required to, enter into and consummate subscription agreements with investors totaling in the range of $50,000,000 to $75,000,000 relating to a privacy equity investment in Purchaser to purchase shares of Purchaser in connection with a private placement on terms mutually agreeable to the Company and Purchaser acting reasonably (a “Equity Line of Credit”), and, if Purchaser consummates an Equity Line of Credit, Purchaser and the Company shall, and shall cause their respective Representatives to, cooperate with each other and their respective Representatives in connection with such Equity Line of Credit and use their respective commercially reasonable efforts to cause such Equity Line of Credit to occur (including having the Company’s senior management participate in any investor meetings and roadshows as reasonably requested by Purchaser).
Equity Line of Credit. The Company and Redmile agree to negotiate in good faith the forms of the definitive documents and agreements governing an equity line of credit of up to $5,000,000 (the “Definitive Documents”) and to execute the Definitive Documents as soon as reasonably practicable after the date of this Agreement, which the expectation of the parties that such Definitive Documents will be executed within 30 days of the date hereof. The Definitive Documents will have terms and be subject to conditions consistent with the term sheet attached as Exhibit E hereto and the transactions contemplated thereby shall be subject to stockholder approval in accordance with applicable Nasdaq rules.
Equity Line of Credit. Without limiting anything to the contrary contained herein, during the Interim Period, the Purchaser shall use commercially reasonably efforts to seek, but is not required to, enter into and consummate subscription agreements with investors totaling in the range of $35,000,000 to $60,000,000 relating to a private equity investment in the Purchaser to purchase shares of Purchaser in connection with a private placement on terms agreeable to the Company and Purchaser acting reasonably (an “Equity Line of Credit”), and, if the Purchaser consummates an Equity Line of Credit, the Purchaser and the Company shall, and shall cause their respective Representatives to, cooperate with each other and their respective Representatives in connection with such Equity Line of Credit and use their respective commercially reasonable efforts to cause such Equity Line of Credit to occur (including having the Company’s senior management participate in any investor meetings and roadshows as reasonably requested by the Purchaser); provided that Purchaser’s execution and delivery of any agreement for an Equity Line of Credit shall require the consent of the Company, which consent may be withheld at the Company’s sole discretion.
Equity Line of Credit. Additionally, EFUND agrees to enter into an equity line of credit for a minimum amount of $2 million, to be entered into upon consummation of the public listing referred to above, the terms of which will be negotiated by the parties under separate agreements.
Equity Line of Credit. If at any time prior to the Placement Termination Date, the Company enters into an agreement for an equity line of credit (the "Equity Line"), the Company shall pay to the Placement Agents a placement fee equal to 5% of the actual loan amount upon each draw down of the Equity Line.
