IPO Proceeds. The Parent Borrower shall have received (or simultaneously with the closing of the Loans hereunder, the Parent Borrower will receive) gross cash equity proceeds from the IPO in an amount not less than $40,000,000 on terms and conditions reasonably acceptable to the Administrative Agent.
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Sources: Credit Agreement (Si International Inc), Credit Agreement (Si International Inc)
IPO Proceeds. The Parent Borrower shall have received (or simultaneously with the closing of the Loans hereunder, the Parent Borrower will receive) gross cash equity proceeds from the IPO in an amount not less than $40,000,000 43,000,000 on terms and conditions reasonably acceptable to the Administrative Agent.
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IPO Proceeds. The Parent Borrower shall have received (or simultaneously with the closing of the Loans hereunder, the Parent Borrower will receive) gross net cash equity proceeds from the IPO in an amount not less than $40,000,000 85,000,000 on terms and conditions reasonably acceptable to the Administrative Agent.
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IPO Proceeds. The Parent Borrower shall have received (or simultaneously with the closing of the Loans hereunder, the Parent Borrower will receive) gross net cash equity proceeds from the IPO in an amount not less than $40,000,000 on terms and conditions reasonably acceptable to the Administrative Agent75,000,000.
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