Additional Equity Infusion definition

Additional Equity Infusion means, a cash contribution to the Borrower in exchange for Stock of the Borrower in an amount equal to (a) in respect of a Default of the type set forth in Section 9.1(i), the sum of (i) the greater of zero and (A) the product of the Applicable Percentage after taking into account any adjustments made in accordance with Section 9.1(i) and the sum of (1) Consolidated Total Debt (less Permitted Subordinated Indebtedness) of the Borrower and its Subsidiaries and (2) any Capital Contributions made as of the date that the applicable Digital Cinema Deployment Agreement ceases to be valid, binding or enforceable in accordance with its terms minus (B) any Capital Contributions made as of the date that the applicable Digital Cinema Deployment Agreement ceases to be valid, binding or enforceable in accordance with its terms and (ii) to the extent the Borrower has fewer than 2,500 Installed Digital Systems, the greater of zero and (A) the product of (1) $75,000, (2) 2500 and (3) the Applicable Percentage after taking into account any adjustment made in accordance with Section 9.1(i) minus (B) any Capital Contributions made as of the date of determination (after giving effect to any portion of the Additional Equity Infusion made as of such date in accordance with clause (i) of this definition) and (b) in respect of a Default of the type set forth in Section 9.1(j), the product of (i) the number of Installed Digital Systems affected by such Default, (ii) the virtual print fee that, in the absence of such Default, would have been paid per Digital System and (iii) a fraction, the numerator of which is the days of inactivity applicable to such Installed Digital Systems and the denominator of which is 21.
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Additional Equity Infusion. Receipt by the Borrower on and after May 31, 2005 of the Net Proceeds of a public offering or private placement of Borrower’s equity securities.
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Examples of Additional Equity Infusion in a sentence

  • The purchase, lease or other acquisition of all or substantially all of the assets of any Person or the purchase or other acquisition of all or substantially all of the capital stock or other equity interests of any Person, any of which is funded entirely by (A) cash of the Borrower and/or proceeds of Revolving Credit Loans, (B) Indebtedness permitted by item (vi) of Section 6.1, (C) an Additional Equity Infusion or (D) a combination thereof.

  • As used in this Agreement, including the preamble and recitals hereto, the following terms shall have the respective meanings set forth below or in the Section of this Agreement referred to, unless the context otherwise requires: Additional Equity Infusion: Receipt by the Borrower on and after the Closing Date of the net proceeds of a public offering or private placement of Borrower’s equity securities.

  • Until the Obligations shall have been paid in full in cash, upon receipt on or after the Termination Date by the Borrower of an Additional Equity Infusion, the Borrower shall immediately pay to the Administrative Agent an amount equal to such Additional Equity Infusion.