Equitrac definition

Equitrac or the "Company").
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Equitrac or the "Issuer") to complete a going private transaction (the "Transaction"). The Transaction will be financed through an equity investment and/or rollover by investors including, without limitation, Cornerstone and certain existing members of management, $46,000,000 of senior secured credit facilities (the "Senior Facilities") of which $36,000,000 will be funded at close and from funds borrowed pursuant to the Senior Subordinated Notes (as defined below). We understand that the Transaction is expected to close in June 1999. Mainsail is pleased to advise you of its commitment to purchase $9,000,000 of Senior Subordinated Notes (the "Senior Subordinated Notes") from the Issuer on the terms and conditions set forth in this letter and in the Summary of Terms and Conditions attached to this letter (the "Term Sheet", this letter, together with the Term Sheet, the "Commitment Letter"). Proceeds from the sale of the Senior Subordinated Notes will be used to finance, in part, the Transaction. This Commitment Letter also constitutes a termination of Mainsail's commitment in its February 8, 1999 letter to provide financing; although your obligations under that letter with respect to fees, indemnification, costs and expenses, and confidentiality remain in full force and effect. Mainsail will be responsible for preparing and negotiating definitive documentation for the purchase and sale of the Senior Subordinated Notes. Although Mainsail is committing to purchase the Senior Subordinated Notes on a fully underwritten basis, Mainsail expects that a portion of the Senior Subordinated Notes may be resold to other financial institutions, reasonably acceptable to the Issuer.
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Equitrac. Issuer" or the "Company"), NUMBER OF SHARES: The warrants may be exercised into shares of the Company's common stock (the "Common Stock") representing 7.5% ownership on a fully diluted basis (before management promote) at the Close. The Warrants are exercisable upon the earlier of the third anniversary of closing, or
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Examples of Equitrac in a sentence

  • All notices and other communications hereunder shall be in writing and shall be given by hand delivery to the other party or by registered or certified mail, return receipt requested, postage prepaid, addressed as follows: If to the Executive: ---------------------------- ---------------------------- If to the Company: Equitrac Corporation 836 ▇▇▇▇▇ ▇▇ ▇▇▇▇ ▇▇▇d Coral Gables, Florida 33134 or to such other address as either party shall have furnished to the other in writing in accordance herewith.

  • INSTALLATION: Each Equitrac PageCounter Terminal MUST include item 7640008126, KMBS Equitrac Installation Fee.

  • SOFTWARE PRICING Item Number Item Description KMBS List Price Arkansas Purchase Price Discount Equitrac Professional /Professional Enterprise Suite It is required for all Equitrac Professional orders to include item# 7640001054 PageCounter Professional Products are de- vices for Equitrac Professional Suite of software.

  • Merger Sub and Equitrac Corporation, a Florida corporation (the "COMPANY"), propose to enter into a Recapitalization Agreement and Plan of Merger dated as of the date hereof (as the same may be amended or supplemented, the "MERGER AGREEMENT") providing for the merger of Merger Sub with and into the Company, in which the Company is the surviving entity, upon the terms and subject to the conditions set forth in the Merger Agreement.

  • Exp.-Leasehold Imprvmnt 0 N/A Total 5900 Water, Coffee, Equitrac 125 13 1625 Internet & Telephone Access 0 0 Total 1625 *Estimate based on a cost of $ 125 per month per person.

  • Exp.-Leasehold Imprvmnt 0 N/A Total 588 Water, Coffee, Equitrac 125 1 125 Internet & Telephone Access 0 0 Total 125 *Estimate based on a cost of $125 per month per person.

  • It is required for all Equitrac Professional orders to include item # 7640001054PageCounter Professional Products are de- vices for Equitrac Professional Suite of software.

  • Equitrac Authentication requires the following: - Active Directory Domain Credentials which include a binding login/password that has write access to the field where the ID is written.

  • SOFTWARE PRICING Item Number Item Description KMBS List Price Arkansas Purchase Discount SOFTWARE PRICING Item Number Item Description KMBS List Price Arkansas Purchase Price Discount EQUITRAC EXPRESS DELIVERY: Each Equitrac PageCounter Terminal MUST include item 7640008088, Level 4 Solutions Delivery Charge.

  • It is required for all Equitrac Professional orders to include item # 7640001054 PageCounter Express Products are devices for Equitrac ExpressSuite of software.