Capitalization Event definition

Capitalization Event means any sale or issuance by the Parent or any of its Subsidiaries of equity securities except for the issuance of the Borrower’s operating partnership units in exchange for a direct or indirect ownership interest in a Person that owns a Hotel Property.

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Capitalization Event is the issuance by Borrower of equity or subordinated debt after the date hereof to investors acceptable to Bank resulting in the receipt of net proceeds to Borrower of at least Eight Hundred Thousand Dollars ($800,000.00) in cash.

Examples of Capitalization Event in a sentence

Upon the occurrence of the Capitalization Event, Borrower shall deposit with Bank an additional Five Million Dollars ($5,000,000.00).
In consideration of the rights and licenses conferred to WI hereunder and the technical assistance to be provided hereunder, within forty-five (45) days after each Capitalization Event, WI will make a payment to TRW of ten percent (10%) of the net proceeds to WI as a result of such Capitalization Event, until a total of $2,500,000 has been paid to TRW.
Upon the occurrence of any Borrower ----------------------------- Capitalization Event, the aggregate Commitments shall reduce by an amount equal to 100% of the Net Cash Proceeds of such Borrower Capitalization Event, with each Bank's Commitment being reduced by such Bank's Pro Rata Share of the aggregate reduction in Commitments.
Two Million Seven Hundred Fifty Thousand (2,750,000) shares of Common Stock (subject to adjustment for any Capitalization Event) have been duly authorized and have been or will be reserved for issuance upon purchase under this Agreement as Purchase Shares.
Concurrently with and subject to the execution and delivery of this Agreement by the Parties, pursuant to the terms of that certain Master License and Services Agreement, dated as of October 5, 2017 (“License Agreement”), by and among the Company and Restricted Stockholder, Restricted Stockholder is acquiring a right to receive the Initial Restricted Securities (as defined below) upon the occurrence of the Market Capitalization Event.

More Definitions of Capitalization Event

Capitalization Event means any sale or issuance by the Parent or any of its Subsidiaries of equity securities except for the issuance of the Borrower's operating partnership units in exchange for a direct or indirect ownership interest in a Person that owns a Hotel Property.

Capitalization Event means the issuance by the Borrower of equity resulting in the receipt by the Borrower of at least Five Million Dollars ($5,000,000.00).

Capitalization Event is the making and completion by the Borrower of an initial public offering.

Capitalization Event means, with respect to the Common Stock, any reorganization, recapitalization, non-cash dividend, stock split, reverse stock split or other similar transaction.

Capitalization Event means any sale or issuance by the Parent or any of its Subsidiaries of equity securities except for the issuance of the

Capitalization Event means any transaction or event that results in an increase in the Primary Obligor’s capital or surplus or both.

Capitalization Event means either a Borrower Capitalization Event or a -------------------- Parent Capitalization Event.