Sale of Equity. The Borrower or any Subsidiary will immediately pay over to the Administrative Agent for the ratable benefit of the Lenders as a prepayment of principal on the Notes, an amount equal to 100% of the proceeds (net of direct costs of sale) received by Borrower or any Subsidiary from the sale of any equity interest in, or securities of, the Borrower or any such Subsidiary.
Sale of Equity. (a) The Company hereby agrees to sell to Subscriber, and Subscriber hereby agrees to purchase from the Company, $75,000,000 of Series C Preferred Equity of the Company (the "Equity"). The purchase price of the Equity is $75,000,000, and is payable in cash at the Closing (as defined below).
Sale of Equity. Within three (3) Business Days of the receipt by any Credit Party or any Restricted Subsidiary of any Equity Proceeds (other than Equity Proceeds from (A) the issuance of any Equity Interest in connection with any incentive plans available to officers, directors or employees of Holdings or any of its Subsidiaries or (B) the issuance of any Equity Interests by any Subsidiary to Holdings or any other Subsidiary), the Borrowers shall make a mandatory prepayment of the Revolving Loans in an amount equal to 100% of the proceeds received, any prepayment to be applied in accordance with Section 2.09(c).
Sale of Equity. P&U agrees to purchase and Geron agrees to sell an aggregate of U.S. 8,000,000 of Geron's Common Stock in a series of two separate equity investments on the terms and conditions set forth in the Common Stock Purchase Agreement attached hereto as EXHIBIT 10.
Sale of Equity. The Company shall not sell, transfer or distribute any equity securities of InnerCool or TRC. Neither InnerCool nor TRC shall issue any equity securities to any Person other than the Company.
Sale of Equity. 1) When any shareholder of Service Company sells its equity, it shall acquire the unanimous consent of Party A, Party B, Party C and Party D. Otherwise, the total shares held by Party A, Party B, Party C and Party D together after the sale shall be no less than 51% of the total equity of Service Company;
Sale of Equity. If Borrower raises capital through the sale of any equity security, including but not limited to, common equity, preferred equity or other equity interests or equity securities including warrants, options and the like, Borrower shall apply the proceeds of such sale (less reasonable and customary fees and commissions), first, to cure any Borrowing Base Deficiency that shall then exist, and second, to prepay the outstanding principal balance of any Tranche B Loans, until repaid in full, in each case, together with all accrued but unpaid interest and fees with respect thereto in accordance with Section 2.10(d).
Sale of Equity. At the Closing, each Stockholder shall sell, convey, assign and transfer to Buyer, and Buyer shall purchase, acquire and accept from each Stockholder all of such Stockholder’s right, title and interest in and to the Shares owned by such Seller as set forth opposite such Stockholders’ name in Section 2.04(a) of the Disclosure Schedule, and which Shares in the aggregate constitute all of the issued and outstanding equity ownership of the Company. Title to the Shares shall be transferred to Buyer at the Closing free and clear of any and all Liens and Restrictions.
Sale of Equity. Section 9.3(J) of the Loan Agreement is hereby amended by deleting Section 9.3(J) in its entirety and substituting therefor the following:
Sale of Equity. On or before April 30, 2006, the Borrower will sell or issue shares of its capital stock on terms that are reasonably satisfactory to the Administrative Agent in an amount which yields gross cash proceeds of no less than $1,500,000.
