Additional Financing Amount definition

Additional Financing Amount means, as of any date, the amount of gross proceeds (net of any amount (other than reimbursement of reasonable and customary expenses) paid to any provider of financing or any Affiliate thereof) received by the corporation through the issuance of Option Shares or other debt or equity securities during the Additional Financing Period (provided that the Additional Financing Amount will not include any such gross proceeds (net of any amount (other than reimbursement of reasonable and customary expenses) paid to any provider of financing or any Affiliate thereof) that the corporation has used or is permitted to use to repay indebtedness of the corporation, other than indebtedness that the corporation may reborrow under revolving debt commitments in effect at the end of the Additional Financing Period).
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Examples of Additional Financing Amount in a sentence

  • The Obligations with respect to any Additional Financing Amount and the Notes issued in respect thereof shall be due and payable in full on or before the earlier to occur of: (i) the applicable payment dates or times set forth in the agreements and instruments entered into between Borrower and SDLP in connection with the Additional Financing (the “Additional Financing Documents”) and (ii) the date of any Default.

  • SDLP may in its sole discretion determine to provide Additional Financing at any time and from time to time prior to the Additional Financing Termination Date by providing written notice to Borrower of such election, and in such event Borrower shall issue and sell to SDLP additional Notes in the applicable Additional Financing Amount so elected on substantially the same terms as are set forth in the Note and the Financing Documents applicable to the Initial Financing and the Second Financing, if any.

  • As of the Closing, Buyer shall have notified the Sellers if Buyer has obtained any financing that would require the Cash Payment to be increased by the Additional Financing Amount pursuant to the terms of Section 2.3. In ----------- addition, Buyer (i) is financially solvent, (ii) has the financial capability to consummate and perform the transactions contemplated by this Agreement, and (iii) has the financial capability to duly and timely perform and discharge all Assumed Liabilities.

Related to Additional Financing Amount

  • Additional Financing has the meaning set forth in Section 16.3(a).

  • Additional Refinancing Amount means, in connection with the Incurrence of any Refinancing Indebtedness, the aggregate principal amount of additional Indebtedness, Disqualified Stock or Preferred Stock Incurred to pay accrued and unpaid interest, premiums (including tender premiums), expenses, defeasance costs and fees in respect thereof.

  • Funding Amount has the meaning specified in Section 3.2(a).

  • Additional First Lien Debt means any Indebtedness and guarantees thereof that is incurred, issued or guaranteed by the Borrower and/or any other Grantor (and not guaranteed by any Subsidiary that is not a Guarantor) after the date of this Agreement (other than the Initial First Lien Debt) and documented in the applicable Additional First Lien Documents, which Indebtedness and guarantees are secured by the First Lien Collateral (or a portion thereof) on a pari passu basis with the Initial First Lien Debt (and which are not secured by Liens on the assets of the Borrower or any other Grantor other than the First Lien Collateral or which are not included in the Second Lien Collateral); provided, however, that with respect to any such Indebtedness (i) such Indebtedness is permitted to be incurred, secured and guaranteed on such basis by this Agreement and by each First Lien Document and each Second Lien Document in effect at the time of such incurrence, (ii) unless already a party with respect to that Series of Additional First Lien Debt, the First Lien Representative for the holders of such Indebtedness shall have become party to (A) this Agreement pursuant to, and by satisfying the conditions set forth in, Section 8.7 hereof and (B) the First Lien Pari Passu Intercreditor Agreement in accordance with the terms thereof; provided, that, if such Indebtedness will be the initial Additional First Lien Debt incurred by the Borrower or any other Grantor after the date hereof, then the Grantors, the Initial First Lien Representative and the First Lien Representative for such Indebtedness shall have executed and delivered the First Lien Pari Passu Intercreditor Agreement and (iii) each of the other applicable requirements of Section 8.7 shall have been complied with. Additional First Lien Debt shall include any Registered Equivalent Notes and guarantees thereof by the Grantors issued in exchange therefor. For avoidance of doubt, Indebtedness under a Replacement First Lien Credit Agreement shall not constitute Additional First Lien Debt.

  • Initial Financing Spread means 0.50% per annum.