Excess Financing definition
Examples of Excess Financing in a sentence
At any time, the Excess Financing amount is due and repayable by Client On Demand to Pershing.
In connection with the exercise of conversion rights relating to the Preferred Shares, the Buyer or any subsequent holder of the Preferred Shares shall complete, sign and furnish to the Transfer Agent a Notice of Conversion of Series A Convertible Preferred Stock in the form attached hereto as ANNEX VI (a "Conversion Notice") and shall provide a copy thereof to the Company, which actions shall be deemed to satisfy all requirements of the Certificate of Designations.
The Company shall deliver written notice to such Fully Participating Members indicating the amount of Excess Financing available, and the Fully Participating Members shall have five (5) Business Days to participate in such Excess Financing by delivering a Subscription Notice to the Company prior to the expiration of such five (5) Business Day period.
The Fully Participating Members shall be entitled to purchase or fund their Class A Pro Rata Share of such Excess Financing, as well as any Excess Financing not subscribed for by the other Fully Participating Members (which will also be allocated on a pro rata basis).
Until all Financing Agreement Obligations (other than Excess Financing Obligations) have been paid in full, the Collateral Agent will without demand or request being made upon it deliver any parts or proceeds, including insurance proceeds of the Financing Agreement Collateral which shall come into its possession, control or custody to the Financing Agent for application as set forth in Section 18.
Each of the Funding Agreements shall be in full force and effect and the Financing shall have been completed in accordance with the terms thereof and Merger Partner shall have received the proceeds therefrom; provided, that for the avoidance of doubt, it shall not be a condition to closing that any Excess Financing Shares be issued.
Notwithstanding the provisions of Section 10.2(b), but subject to the terms of the Bond Documents and any Requisite Approvals, any Excess Financing Proceeds shall be distributed to the General Partner after review of the project sources and uses by the Special Limited Partner and its acknowledgement that the calculation of Excess Financing Proceeds complies with the terms of this Agreement.
The Company shall prepay this Note in an ---------------------- amount equal to the Holder's Pro Rata Share of all Excess Financing Proceeds, promptly after the receipt by the Company, from time to time of such Excess Financing Proceeds or the occurrence of an event resulting in the existence of Excess Financing Proceeds.
Such excess is referred to herein as the “Excess Financing Costs.” If Lessor reasonably believes there to be Excess Financing Costs during a Lease Year, Lessor shall deliver written notice to Lessee estimating the amount of the Excess Financing Costs and the monthly increase in the Base Rent to pay such Excess Financing Costs over such Lease Year.
Subject to Section 2.2, each share of Merger Partner Common Stock (including any shares of Merger Partner Common Stock issued in the Financing, including any Excess Financing Shares) (other than shares to be cancelled in accordance with Section 2.1(b) and any Dissenting Shares) shall be automatically converted into the right to receive a number of shares of common stock, par value $0.001 per share, of Public Company (“Public Company Common Stock”) equal to the Exchange Ratio.