Equity Issuance definition
Examples of Equity Issuance in a sentence
Notwithstanding anything to the contrary in this Section 2.10(c), all Net Cash Proceeds received by the BorrowerParent from any Equity Issuance or by the BorrowerParent or its Subsidiaries from any Asset Sale shall be applied as set forth in Section 2.08(a)(iii).
The BorrowerParent shall promptly (and not later than 3 Business Days after the receipt thereof) notify the Administrative Agent of the receipt by the BorrowerParent or, as applicable, any of its Subsidiaries, of such Net Cash Proceeds from any Equity Issuance, Debt Issuance or Asset Sale, and such notice shall be accompanied by a reasonably detailed calculation of the Net Cash Proceeds.
The BorrowerParent shall promptly notify the Administrative Agent (but in any event within 3 Business Days) of the receipt by the BorrowerParent , or, as applicable, any of its Subsidiaries, of such Net Cash Proceeds from any Equity Issuance, Debt Issuance or Asset Sale, and such notice shall be accompanied by a reasonably detailed calculation of the Net Cash Proceeds received to the extent receipt thereof would result in a reduction of the Commitments in accordance with the foregoing.