Closing Equity Contribution definition
Closing Equity Contribution means the contribution of cash by the Sponsor and Co-Investor to Holdings, together with the rollover of equity by certain holders of Equity Interests in the Acquired Company into Equity Interests of Holdings, on or prior to the Closing Date in exchange for the issuance to the Sponsor, the Co-Investor and such rollover investors of Qualified Equity Interests of Holdings in an aggregate amount equal to at least 40.0% of the sum of (i) total funded Indebtedness used to fund the Hydrofarm Acquisition and the Refinancing (including, without limitation the Term Loans and the initial borrowings of Revolving Loans under the Revolving Loan Documents on the Closing Date and (ii) the aggregate amount of equity contributions to Holdings hereinabove described.
Closing Equity Contribution means the contribution of $275,000,000 by Parent, directly or indirectly, to the equity of the Company on the Issue Date.
Closing Equity Contribution means cash equity contributions, which shall be common equity, directly or indirectly in Parent Guarantor in an aggregate amount equal to, when combined with the Convertible Note Equity Contribution, at least U.S. $130,000.000.
Examples of Closing Equity Contribution in a sentence
The Closing Equity Contribution shall have been consummated, which Closing Equity Contribution shall be made in at least the amount set forth in the definition thereof.
Concurrently with the receipt of the proceeds of the Senior Notes, the Closing Equity Contribution shall be made.
Each Obligor individually and the Group on a consolidated basis is and, after giving effect to the issuance of the Notes, the execution and delivery of the Finance Documents and the consummation of the transactions contemplated thereby, and the Closing Equity Contribution, will be Solvent.
More Definitions of Closing Equity Contribution
Closing Equity Contribution means the direct or indirect capitalization of Borrower with at least $22,500,000 of cash equity from Reading on or prior to the Closing Date.
Closing Equity Contribution has the meaning set forth in Section 2.1(a).
Closing Equity Contribution means the contribution by Holdings to Borrower on the Closing Date of $135,000,000 from the net proceeds of the issuance of the Senior Notes as additional equity capital.
Closing Equity Contribution the contribution of cash by the Sponsor and Co-Investor to Holdings, together with the rollover of equity by certain holders of Equity Interests in Hydrofarm into Equity Interests of Holdings, on or prior to the Closing Date in exchange for the issuance to the Sponsor, the Co-Investor and such rollover investors of Qualified Equity Interests of Holdings in an aggregate amount equal to at least 40.0% of the sum of (i) total funded Debt used to fund the Closing Debt Acquisition and the Refinancing (including, without limitation the Term Loans under the Term Loan Documents and the initial borrowings of Revolving Loans on the Closing Date and (ii) the aggregate amount of equity contributions to Holdings hereinabove described. Code: the Internal Revenue Code of 1986, as amended. Co-Investor: collectively, (a) A▇▇▇▇ ▇▇▇▇▇▇▇, M▇▇▇▇▇▇ ▇▇▇▇▇▇▇, S▇▇▇▇ ▇▇▇▇▇▇▇, and J▇▇▇▇▇▇ ▇▇▇▇▇▇▇, individually and each such individual’s Controlled Investment Affiliates, (b) Serruya Private Equity and its Controlled Investment Affiliates and (c) BCM X3 Holdings, LLC and its Controlled Investment Affiliates.