New Equity Clause Samples
New Equity. Borrower shall have received at least $10,000,000 in New Equity from investors including Intersouth, ▇▇▇▇▇▇-▇▇▇▇▇▇▇▇▇, and ▇▇▇▇▇▇▇ Ventures no later than October 31, 2009.
New Equity. On the date of closing of a financing in which SOFTBANK Capital Partners LP and/or its affiliates purchase twenty million dollars ($20,000,000) of Webhire's Common Stock, at least one million five hundred thousand dollars ($1,500,000) of which is purchased by Yahoo (the "Softbank Financing"), Webhire shall issue to Yahoo a Warrant to purchase eighty-four thousand five hundred fifty nine (84,559) shares of Webhire's Common Stock at a per share purchase price of $4.95 (the "New Warrant"). The New Warrant shall be issued in the form of EXHIBIT A to this Amendment. The New Warrant will be issued in addition to the Warrant to purchase one hundred fourteen thousand six hundred fifty nine (114,659) shares of Webhire's Common Stock issued to Yahoo pursuant to Section 8.1 of the Agreement. If the Softbank Financing is not closed on or before October 29, 1999, Webhire's obligation to issue a warrant under this section will terminate and be without force or effect.
New Equity. Borrower shall have received new equity capital after September 1, 1997 of no less than FOUR MILLION AND NO/100THS DOLLARS ($4,000,000) (the "New Equity") on or before April 15, 1998. Borrower will deposit in its accounts with Bank any new equity raised after January 31, 1998 and will notify Bank promptly of its compliance or non-compliance with this covenant.
New Equity. Within two (2) Business Days after the consummation of any issuance by the Borrower or any of its Subsidiaries of any capital stock or other equity securities (as the case may be, a "New Equity Issue"), the Borrower shall apply an amount equal to fifty percent (50%) of the Net Proceeds of such New Equity Issue to permanently reduce the Term Loan Obligations, the Note Obligations, and the Revolving Credit Obligations by forwarding such Net Proceeds (the "New Equity Net Proceeds") to the Agent and the Note Lenders in the respective percentages as set forth in Section 7 (e) of the Intercreditor Agreement, provided that the Borrower's existing stock incentive programs, as more fully described in Schedule 4.11(b) hereof, to the extent limited to aggregate equity values of $2,000,000 or less on an annual basis, shall not constitute a New Equity Issue for purposes hereof.
New Equity. Borrower shall have received at least (i) $6,700,000 in New Equity no later than December 15, 2006 and (ii) an additional $3,300,000 in New Equity no later than June 30, 2007.
New Equity. Certain shareholders and/or management of the Seller shall have invested at least $2,500,000.00 in cash for equity securities of Holdco pursuant to Section 5.8.
New Equity. Agent shall have received satisfactory ---------- evidence of the issuance by Energy of new equity prior to the Effective Date on terms acceptable to all of the Banks and the receipt of net proceeds from such issuance equal to at least the sum of $15,000,000 plus an amount equal to (i) cash consent fees paid to the holders of Senior Unsecured Notes for the consent required below in Section 11(xi); and (ii) any other fees paid in connection with the issuance of such new equity;
New Equity. Executive will not be entitled to and will not receive any new equity awards during the Transition Period.
New Equity. Borrower shall receive, on or prior to December 31, 2018, net proceeds from the issue and sale of Borrower’s equity securities (or convertible Subordinated Debt, provided there is no cash payments of principal or interest (or otherwise) thereon during the term of this Agreement), from and after the Effective Date (but excluding the proceeds of any such sale to Collateral Agent (or any Affiliate of Collateral Agent) on or about the Effective Date) of at least [***] Dollars ($[***]), or such lesser amount as may be approved by Borrower’s board of directors, based upon revised financial projections reviewed and approved by Borrower’s board of directors, and subject to Collateral Agent’s prior written consent.
New Equity. Reorganized OSG Stock – Reorganized OSG shall issue one class of common stock, par value $0.01 per share (the “Reorganized OSG Stock”). The Reorganized OSG Stock shall be issued pursuant to section 1145 of the Bankruptcy Code or otherwise be freely transferable under applicable securities laws without further registration and shall be in form and substance reasonably satisfactory to the Debtors and the Requisite Consenting Lenders. Reorganized OSG J▇▇▇▇ Act Warrants – Reorganized OSG shall issue p▇▇▇▇ warrants (the “Reorganized OSG J▇▇▇▇ Act Warrants”) on the Effective Date or as soon as reasonably practicable thereafter to those holders of claims and interests that do not comply with J▇▇▇▇ Act citizenship requirements but which are otherwise entitled to receive Reorganized OSG Stock under the Plan. The Reorganized OSG J▇▇▇▇ Act Warrants are to be fully compliant with J▇▇▇▇ Act citizenship requirements. The Reorganized OSG J▇▇▇▇ Act Warrants shall be issued pursuant to section 1145 of the Bankruptcy Code or otherwise freely transferable under applicable securities laws without further registration and shall be in form and substance reasonably satisfactory to the Debtors and the Requisite Consenting Lenders.