Excess Equity Proceeds definition

Excess Equity Proceeds means Equity Proceeds in excess of $5,000,000.00.
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Excess Equity Proceeds means, during any period of determination, the Borrower's net cash proceeds from the sale or issuance of stock, membership, partnership or other equity interests (or warrants or other options therefor), including capital contributions in respect of any such interests previously issued.
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Excess Equity Proceeds means, during any period of determination, the Borrower's net cash proceeds from the sale or issuance of stock, membership, partnership or other equity National Beef Packing Company Credit Agreement 10 interests (or warrants or other options therefor), including capital contributions in respect of any such interests previously issued.
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Examples of Excess Equity Proceeds in a sentence

  • Borrower shall prepay the Line of Credit in an amount equal to ten percent (10%) of Excess Equity Proceeds not more than two (2) business days after any Excess Equity Proceeds are received, and the Line of Credit shall be permanently reduced on such date by the amount of prepayment required by this sentence.

  • The Administrative Agent shall have received evidence satisfactory to Administrative Agent that, as of the Closing Date, the ratio of (a) the sum of (i) Total Funded Debt measured on the Closing Date less (ii) Excess Equity Proceeds to (b) $68,910,000 does not exceed 3.25 to 1.00.

  • Notwithstanding the definition thereof or the terms of Section 4.4(b), the cash proceeds referred to in this Section 9.18 shall not be included in Excess Equity Proceeds and shall not result in a mandatory prepayment of the Term Notes.

  • The Tranche B Commitment shall be automatically and permanently reduced on a dollar-for-dollar basis by (a) the amount of Tranche B Term Loans made from time to time and (b) the amount of any Excess Equity Proceeds.

  • In the event the Borrower receives aggregate cash proceeds from one or more such equity financings after the Second Amendment Effective Date that exceed $2,000,000 (such excess proceeds, “Excess Equity Proceeds”), any remaining Tranche B Commitments shall be automatically and permanently reduced on a dollar-for-dollar basis by the amount of such Excess Equity Proceeds.


More Definitions of Excess Equity Proceeds

Excess Equity Proceeds means the Net Proceeds of any Equity Transaction received by Borrower on or after the Transaction Announcement Date to the extent the amount of such Net Proceeds in the aggregate exceeds $3,100,000,000.
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Excess Equity Proceeds shall have the meaning provided in Section 4.02(A)(d).
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Excess Equity Proceeds means the amount equal to Gross Equity Proceeds less the sum of (i) the fees, commissions and other closing costs incurred in connection with the 2002 Follow-On Offering plus (ii) the sums paid to reduce the outstanding Existing Loans as required pursuant to Section 6.1.20 plus (iii) the sums paid for any Permitted Acquisition completed between October 4, 2002 and the Closing Date plus (iv) the sums paid or otherwise pledged or deposited for the extended reporting endorsement to be issued by American Continental Insurance Company.
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Excess Equity Proceeds means the Equity Issuance Surplus minus the Borrower Loan Purchase Amount.
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Excess Equity Proceeds has the meaning set forth in Section 8.20.
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Related to Excess Equity Proceeds

  • Equity Proceeds means the Net Proceeds received by the Parent or Holdings from contributions to its common equity or from the issuance and sale of its common Equity Interests or Non-Cash Pay Preferred Stock.

  • Net Equity Proceeds means, with respect to each issuance or sale of any equity by any Person or any capital contribution to such Person, the cash proceeds (net of underwriting discounts and commissions and other reasonable costs associated therewith) received by such Person from the respective sale or issuance of its equity or from the respective capital contribution.

  • Investment Proceeds means, with respect to any Distribution ------------------- Date, all interest and other investment earnings (net of losses and investment expenses) on funds on deposit in the Series 1997-1 Accounts, together with an amount equal to the Series 1997-1 Investor Allocation Percentage of the interest and other investment earnings on funds held in the Collection Account credited as of such date to the Collection Account pursuant to Section 4.02 of the Agreement.

  • Net Casualty Proceeds means, with respect to any Casualty Event, the amount of any insurance proceeds or condemnation awards received by the Borrower or any of its U.S. Subsidiaries in connection with such Casualty Event (net of all collection or similar expenses related thereto), but excluding any proceeds or awards required to be paid to a creditor (other than the Lenders) which holds a first priority Lien permitted by clause (d) of Section 7.2.3 on the property which is the subject of such Casualty Event.

  • Sale Proceeds All proceeds (excluding accrued interest, if any) received with respect to Assets as a result of sales of such Assets in accordance with the restrictions described in Article XII less any reasonable expenses incurred by the Collateral Manager, the Collateral Administrator or the Trustee (other than amounts payable as Administrative Expenses) in connection with such sales. Sale Proceeds will include Principal Financed Accrued Interest received in respect of such sale.