External Capital definition
External Capital means incremental net proceeds received by the Parent, the Borrower or any of their respective Subsidiaries from (a) asset sales, (b) joint ventures, (c) loans, (d) the issuance of notes by the Parent, (e) the issuance of preferred and/or common equity and/or (g) other similar capital raising events; provided that, for the avoidance of doubt, External Capital shall include any proceeds not otherwise constituting Operational Capital.
Examples of External Capital in a sentence
Section 9.8 of the Guaranty shall be amended by adding the following new sentences to the end of subclause (a)(v) thereof: “Notwithstanding the foregoing, from and after the Third Amendment Effective Date through and including March 31, 2011, the obligation to apply fifty percent (50%) of External Capital generated during such period to the permanent reduction of the Total Revolving Loan Commitments and the prepayment of the Loans in accordance with this Section 9.8(a)(v) shall be suspended.