Proceeds of Capital Raise Sample Clauses

Proceeds of Capital Raise. Nobel has informed Agent and the Lenders that it may desire to raise additional capital by issuing preferred equity securities (a "Capital Raising Event"). Nobel will give Lenders written notice of any Capital Raise Event and copies of all subscription and other disclosure materials in connection therewith. Nobel agrees that any additional capital raised as a result of a Capital Raising Event will be applied as Nobel elects to (i) repay the outstanding principal balance and accrued interest thereon of the Acquisition Credit Facility, (ii) repay the outstanding principal balance and accrued interest thereon of the Working Capital Credit Facilities, and (iii) for general corporate purposes. Notwithstanding the foregoing, in the event that the Capital Raising Event raises in excess of $15,000,000 of additional capital, the utilization of any capital in excess of $15,000,000 will be mutually agreed to by Nobel, Agent and Lenders.
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Proceeds of Capital Raise. Substantially concurrently with the satisfaction of all other conditions precedent set forth in this Section 2 (and, in any event, on or prior to May 12, 2020), receipt by the Borrower of proceeds of Indebtedness incurred pursuant to Section 8.2(b)(xiv) of the Credit Agreement (as amended by this Amendment) in an aggregate outstanding principal amount of at least Five-Hundred Million Dollars ($500,000,000).
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Proceeds of Capital Raise. Parent covenants to use the proceeds of the Capital Raise as follows:
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Proceeds of Capital Raise. The Issuer shall use 100% of the proceeds from any capital raise exceeding $750,000 to pay any outstanding principal and interest due under this note.
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Proceeds of Capital Raise. The Borrower agrees, on the closing of
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Related to Proceeds of Capital Raise

  • Withdrawals of Capital No Partner may withdraw capital related to such Partner’s GP-Related Partner Interests from the Partnership except (i) for distributions of cash or other property pursuant to Section 5.8, (ii) as otherwise expressly provided in this Agreement or (iii) as determined by the General Partner.

  • Status of Capital Contributions (a) No Member shall receive any interest, salary or drawing with respect to its Capital Contributions or its Capital Account, except as otherwise specifically provided in this Agreement.

  • Reduction or loss of capital a meeting is convened by any Security Party for the purpose of passing any resolution to purchase, reduce or redeem any of its share capital; or

  • Reduction of capital The Borrower shall not redeem or purchase or otherwise reduce any of its equity or any other share capital or any warrants or any uncalled or unpaid liability in respect of any of them or reduce the amount (if any) for the time being standing to the credit of its share premium account or capital redemption or other undistributable reserve in any manner.

  • Repayment of Cash To repay the cash delivered to the Fund for the purpose of collateralizing the obligation to return to the Fund certificates borrowed from the Fund representing Portfolio Securities, but only upon redelivery to the Bank of such borrowed certificates.

  • Issuance of Capital Stock Except for (a) any transaction pursuant to an Unsolicited Proposal that Maker accepts in accordance with the fiduciary exception provided in Section 3.2 of the Recapitalization Agreement or (b) shares of capital stock issuable upon exercise or conversion of warrants or convertible securities outstanding prior to February 1, 2004, Maker shall not without Holder's prior written approval: (i) issue any shares of capital stock or other securities, or any instruments exercisable for or convertible into capital stock or other securities, or (ii) make any promises, commitments, undertakings, agreements or letters of intent for any of the issuances described in (i) hereof.

  • Return of Capital Except pursuant to the rights of Redemption set forth in Section 8.6, no Limited Partner shall be entitled to the withdrawal or return of his or her Capital Contribution, except to the extent of distributions made pursuant to this Agreement or upon termination of the Partnership as provided herein. No Limited Partner or Assignee shall have priority over any other Limited Partner or Assignee either as to the return of Capital Contributions, or as otherwise expressly provided in this Agreement, or as to profits, losses, distributions or credits.

  • Return of Capital Contribution From time to time the Partnership may have cash in excess of the amount required for the conduct of the affairs of the Partnership, and the General Partner may, with the Consent of the Special Limited Partner, determine that such cash should, in whole or in part, be returned to the Partners, pro rata, in reduction of their Capital Contribution. No such return shall be made unless all liabilities of the Partnership (except those to Partners on account of amounts credited to them pursuant to this Agreement) have been paid or there remain assets of the Partnership sufficient, in the sole discretion of the General Partner, to pay such liabilities.

  • Valid Issuance of Capital Stock The total number of shares of all classes of capital stock which the Company has authority to issue is 100,000,000 shares of Class A Common Stock, 10,000,000 shares of Class B Common Stock, $0.0001 par value per share (the “Class B Common Stock”), and 1,000,000 shares of preferred stock, $0.0001 par value per share (“Preferred Stock”). As of the date hereof, the Company has issued and outstanding 5,750,000 shares of Class B Common Stock (of which up to 750,000 shares are subject to forfeiture as described in the Registration Statement), no shares of Class A Common Stock and no shares of Preferred Stock. All of the issued shares of capital stock of the Company have been duly authorized, validly issued, and are fully paid and non-assessable.

  • Withdrawal of Capital Except as otherwise provided herein or in the Act, the Member shall have no right to withdraw, or receive any return of, all or any portion of the Member’s capital contributions.

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