Common use of Minimum Equity Clause in Contracts

Minimum Equity. Not less than $30,500,000 cash equity shall have been contributed to Borrowers, of which not less than $15,000,000 shall have been contributed by Sponsor and not less than $15,200,000 of rollover equity shall have been invested in the Parent by the Sellers.

Appears in 3 contracts

Sources: Financing Agreement (Body Central Acquisition Corp), Financing Agreement (Body Central Acquisition Corp), Financing Agreement (Body Central Acquisition Corp)