Equity Line Facility definition

Equity Line Facility means an equity line of credit facility for up to $20,000,000 entered into by and between the Company and Southridge Partners II, LP on January 26, 2012, or another similar facility provided that the terms of such facility are no less favorable to the Company.
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Examples of Equity Line Facility in a sentence

  • On 16 November 2010, the Company and the Purchaser entered into the Agreement, pursuant to which (a) the Company has been granted the right to require the Purchaser to subscribe for Shares for an aggregate consideration not exceeding HK$275 million under the Equity Line Facility and (b) the Company has agreed to issue the Warrants.

  • Set out below are details of the Equity Line Facility: earliest of (i) the fifth anniversary of the date of the Agreement, (ii) the date on which the Equity Line Facility has been fully utilized by the Company by making Draw Downs in an aggregate amount equal to the Maximum Investment Amount (i.e. HK$275 million); or (iii) the date on which the Agreement is terminated in accordance with its terms.

  • Accordingly, the Directors consider that (i) the entry into the Agreement and the transactions contemplated thereunder including, inter alia, the grant of the Equity Line Facility and the issue of the Warrants, are in the interests of the Company and the Shareholders as a whole; and (ii) all the relevant terms of the Agreement including, inter alia, the mechanism to fix the Issue Price per Draw Down Share and the Warrants Subscription Price, are fair and reasonable.

  • Under the Agreement, the Company has been granted the Equity Line Facility, pursuant to which the Company may require the Purchaser to subscribe for Draw Down Shares, on the terms of the Agreement and subject to the Draw Down Conditions, for up to a maximum aggregate consideration of HK$275 million (i.e. the Maximum Investment Amount) during the Commitment Period.

  • Pursuant to the Agreement, the Company and the Purchaser have conditionally agreed that, among other things, (a) the Company would be granted the Equity Line Facility whereby the Company was entitled to require the Purchaser to subscribe for Shares for an aggregate consideration not exceeding HK$275 million, and (b) the Company would issue to the Purchaser the Warrants under which 25 million Warrant Shares were issuable upon exercise of the subscription rights attaching to the Warrants.

  • B2.1 General This Part B2 applies to any Overdraft Facility and any Business Equity Line Facility we provide to you.

  • Other than each of the Purchasers or as set forth on Schedule 3.1(v) and the registration rights granted under the Equity Line Facility, no Person has any right to cause the Company to effect the registration under the Securities Act of any securities of the Company or any Subsidiary.

  • These terms and conditions of issue must be interpreted in the same way as the Equity Line Facility Agreement under which the Option was issued.

Related to Equity Line Facility

  • Swing Line Facility means the revolving credit facility made available by the Swing Line Lender pursuant to Section 2.04.

  • Swingline Facility means the swingline facility established pursuant to Section 2.2.

  • L/C Facility means the letter of credit facility established pursuant to Article III.

  • Equity Line of Credit shall have the meaning ascribed to such term in Section 4.13.

  • Facility Limit means, $175,000,000, as reduced or increased from time to time pursuant to the terms hereof. References to the unused portion of the Facility Limit shall mean, at any time of determination, an amount equal to (x) the Facility Limit at such time, minus (y) the Aggregate Capital at such time.