Definition of Initial Investment Conditions


Initial Investment Conditions means (1) Credit Suisse AG, Deutsche Bank Nederland AG and First Business Bank (collectively, the "Lenders") have each agreed to restructure the Company's outstanding indebtedness on terms substantially consistent with those proposed by Credit Suisse AG including for a full payment holiday of principal and partial payment holiday of interest until March 31, 2014; (2) each of the Lenders having waived any events of default pursuant to their loan facilities with the Company; and (3) the Company has timely filed their Form 20-F for the period ended December 31, 2011.
Sample 1

Examples of Initial Investment Conditions in a sentence

Prior to the filing the Registration Statement, at the request of the Company and provided that the Investor in its sole discretion is satisfied that the Initial Investment Conditions have been met, the Investor will purchase 100,000 shares of Common Stock (the "Initial Shares") at a price per share equal to 92% of the average of the daily VWAPs for the 30 Trading Days prior to such purchase.