Cash Equity Contribution shall have the meaning set forth in Section 2.5.12.
Cash Equity Contribution means (a) the contribution to Holdings of not less than $98,800,000 in cash in the form of equity (it being understood that (i) any contribution to Holdings by RCBA of shares of common equity of the Borrower in excess of 2,345,900 shares will be considered a cash contribution by RCBA in an amount equal to $16.00 multiplied by the number of shares constituting such excess and a contribution of such amount from Holdings to the Borrower and (ii) the transfer by designated managers of an aggregate of up to $2.6 million of deferred compensation plan account balances (currently reflected as cash surrender value of insurance policies, deferred compensation plan in the financial statements of the Borrower) to stock fund units shall be deemed to be a cash contribution to Holdings of the amount of such transfer and a contribution of such amount from Holdings to the Borrower to the extent (x) accounted for as equity of the Borrower and (y) such transfer of an account balance results in a transfer to the Borrower of cash from the trust relating to such deferred compensation plan) and (b) the contribution by Holdings of the amount so received, together with the net proceeds from its sale of the Holdco Notes, to the Borrower as common equity.
Cash Equity Contribution is defined in the third recital.
Examples of Cash Equity Contribution in a sentence
Prior to making any Cash Equity Contribution to the Fund, Arion shall deliver to the Fund and the Representative a solvency certificate signed by an authorised signatory of Arion dated the date of the making of the Cash Equity Contribution in a form which is acceptable to the Fund and the Representative, such acceptance to not be unreasonably withheld.
The Cash Manager shall record on each Holder's Unit Account Ledger whether the relevant Equity Contribution was a Cash Equity Contribution or an Equity Contribution in Kind.
In connection with this transaction, Management has agreed to fund the first $3 million of DIP Financing and the Cash Equity Contribution in the following manner: $1.25 million from Tim Howard, $.5 million from Gus Rantz, III, and $1.25 million from Gus Rantz IV, with $1.0 million of that sum being loaned by Gus Rantz III to Gus Rantz IV, and these will be deemed the minimal proportional funding requirements of Management.
More Definitions of Cash Equity Contribution
Cash Equity Contribution means (a) the contribution by one or more Permitted Investors or investors designated by the Xxxx Funds to Holdings of an aggregate amount of $120,000,000 in cash in the form of equity on the First Restatement Date and (b) the contribution by Holdings on the First Restatement Date of an aggregate amount of $100,000,000 in cash to the Borrower as common equity.
Cash Equity Contribution means the issuance by Parent of its Common Stock for gross proceeds of $223.6 million, which will be contributed to the equity capital of the Company to consummate the Acquisition.
Cash Equity Contribution means the contribution to the Company of approximately $205.0 million in cash directly or indirectly from ABRY, its affiliates and investors in exchange for Capital Stock of the Company, which will, in turn, be contributed to Language Line, together with the proceeds from the issuance of the Notes, as common equity in exchange for Capital Stock of Language Line.
Cash Equity Contribution means a cash equity contribution on or about the Third Amendment Date in the form of Series J Convertible Preferred Stock.
Cash Equity Contribution means that portion of the Cash Purchase Price funded by a cash payment by the Purchaser in respect of certain of the Purchased Shares, as defined below, in the amount of $28,678,062.92 (such amount including $417,062.92 as provided for in Section 2.5) subject to adjustment as provided in Sections 2.4 and 2.5 and increased by the amount, if any, of the Additional NRG Equity Contribution. The Cash Equity Contribution will be comprised of the O'Brien Cash Equity Contribution and the Purchased Subsidiary Cash Equity Contribution, each term as defined below."
Cash Equity Contribution means (1) the contribution to Parent of approximately $188.1 million in cash in the form of preferred and common equity (subject to adjustment (i) in connection with earnings shortfalls or timing changes in working capital of the Company and (ii) in connection with the amount of preferred stock repurchase discount actually achieved) from the Permitted Holders and (2) the contribution by Parent of the amount so received to the Company as equity in exchange for Capital Stock (other than Disqualified Stock) of the Company.
Cash Equity Contribution means (1) the contribution to Holdings of approximately $267.0 million in cash directly or indirectly from ABRY, its affiliates and investors in exchange for Capital Stock of Holdings and (2) the contribution by Holdings of the amount so received to the Company as common equity in exchange for Qualified Capital Stock of the Company; provided that such amount assumes a cash purchase price payable at closing based on certain estimates of $740.0 million and the Cash. Equity Contribution shall be subject to a dollar-for-dollar increase to the extent the purchase price is greater than $740.0 million and a dollar-for-dollar decrease to the extent the purchase price is less than $740.0 million, but shall not be reduced to the extent the purchase price paid initially is lower as a result of the failure to obtain certain franchise and lease consents on or prior to the initial closing of the Transactions as provided in the Asset Purchase Agreement; provided, further, that in no event shall the Cash Equity Contribution made on or prior to the Closing Date represent less than 30% of the initial consolidated capitalization of the Company on the Closing Date.