Post-Closing Financing. In order to fund both the internal and external growth of the Southern Gas Businesses, as soon as practicable following the Closing Date, AUGI and its Southern Gas Group subsidiaries shall undertake to raise debt and/or equity financial of between $10.0 million and $25.0 million upon such terms and conditions as shall be acceptable to AUGI's board of directors and stockholders. AUGI and its current management and affiliates will use their collective best efforts to consummate such post-closing financing on commercially competitive terms.
Post-Closing Financing. At the Closing of the Acquisition, the Company will consummate a bridge financing via convertible promissory note with Trillium Partners, LP, or its affiliates (“Trillium”) for the benefit of ReachOut in an amount of $470,000 (the “Note”) and such funds shall be utilized, in part, to pay for the expenses incurred in connection with the Acquisition and the Audit, and following the Closing, the Company shall provide Trillium with the option for twelve (12) months to provide up to an additional $1,250,000 on the same terms as the Note (the “Initial Financing”). It is anticipated that the Initial Financing will be consummated in tranches over twelve (12) months following the Closing.
Post-Closing Financing. Within 30 days of the Closing Date, the parties will use commercially reasonable efforts to consummate an equity (or equity-linked) financing of the Buyer which results in aggregate gross proceeds of at least Three Million Dollars (US$3,000,000.00) (the “Financing”) on such terms as may be agreed upon between the parties. The Financing shall be based upon an enterprise value of not less than $45,000,000.00.
Post-Closing Financing. Purchaser will use its reasonable commercial efforts, in light of the circumstances of its business, capitalization and capital markets, to raise $1,700,000 in equity capital after the Closing Date, on the same terms or substantially similar terms as the Purchaser issued its common stock in the Pre-Closing Financing.
Post-Closing Financing. A material inducement for NST and SkyLynx to enter into this Agreement, and a condition to the Closing, is the representation and undertaking of Allied that it will raise in the Private Offering a minimum of $750,000 and a maximum of $1,000,000. A further material inducement for NST and SkyLynx to enter into this Agreement has been the undertaking by certain affiliates and principals of Allied to assist Allied following the Closing in its efforts to raise at least an additional $9,000,000. As the consummation of the transactions provided for and contemplated by this Agreement will result in those affiliates of Allied resigning as officers and directors of Allied on the Closing Date and Allied succeeding to all the rights, privileges, properties, assets and franchises of SkyLynx (including changing its name to SkyLynx), such affiliates and principals of Allied agree that following the Closing they shall use their best efforts to assist Allied (SkyLynx) in its efforts to obtain after the Closing the financing described herein.
Post-Closing Financing. For a period of six (6) months immediately following the Effective Time (the "Escrow Period"), the Surviving Corporation shall use its best efforts to seek and obtain commitments for long-term debt or equity financing of the Surviving Corporation or Boca in an amount not less than $1.5 million in net proceeds, in the aggregate (collectively, the "Financing").
Post-Closing Financing. Upon Closing, and for a period of twelve months thereafter, the Parties agree that as part of any post-Closing financing transaction related to the sale of equity securities, BLAB (or such other name as is designated post-Closing) shall not sell any equity at a price less than $0.40 per share. In addition, for a twelve-month period following Closing, the surviving public entity shall not grant options, warrants or other rights to purchase or acquire securities on a cashless basis, unless such issuance is requested by an underwriter engaged to facilitate a primary offering to be registered pursuant to a Form S-1 registration statement.
Post-Closing Financing. In order to fund both the internal and external growth of the AAA, as soon as practicable following the Closing Date, the Company and AAA shall undertake to raise debt and/or equity financial of between $300,000.00 and $500,000.00 upon such terms and conditions as shall be acceptable to the Company's board of directors. The Company and its current management and affiliates will use their collective best efforts to consummate such post-closing financing on commercially competitive terms.
Post-Closing Financing. For a period of six (6) months after the Closing, Xxxxx agrees to use commercially reasonable efforts to seek and obtain third party equity and/or debt financing, on terms and conditions reasonably satisfactory to Buyer in its sole discretion, of an amount up to One Million Six Hundred Twenty Thousand Dollars ($1,620,000), which will be used to acquire up to Fifty Nine Thousand Four Hundred (59,400) additional net mineral acres of leasehold interests within the “Development Area” (as defined in the Acquisition and Development Agreement) and pay related third party costs and expenses, subject to and in accordance with the terms set forth in the Acquisition and Development Agreement. Seller agrees to provide reasonable cooperation and assistance to Xxxxx in connection with the arrangement of any such financing. Any dilutions of the shares of common stocks issued by Buyer and subscribed by the initial subscribers (including Seller), in the offering by Buyer of up to ten million (10,000,000) shares of common stocks as described in the Subscription Agreement based on any third party equity and/or debt financing after such offering shall occur on a pro rata basis among such initial subscribers (including Seller).
Post-Closing Financing. At the Closing, the Parent shall deliver to the Company an amount of $4,250,000 (less any amount due by the Company to the Parent under any loan agreement between the parties), by wire transfer of immediately available funds to an account, the details of which shall be provided by the Company, for the Company’s ongoing capital requirements and operational expenses.
