Initial Proceeds definition

Initial Proceeds means the proceeds from the initial Bond Issue.

Initial Proceeds means the net proceeds received by the Corporation in exchange for the issuance and sale of Shares in the IPO. Initial Proceeds will be calculated as the product of (a) the sum of (i) the price per share at which Shares are sold to the public in the IPO minus (ii) the aggregate underwriting discounts and commissions per share in such offering, multiplied by (b) the number of Shares sold to the public in the IPO without giving effect to any exercise of the Over-Allotment Option. For the avoidance of doubt, Initial Proceeds shall not include the Over- Allotment Proceeds. “IPO” has the meaning set forth in the Recitals. “LLC Agreement” has the meaning set forth in the Recitals. “Managing Underwriters” means Xxxxxx Xxxxxxx & Co. LLC and Xxxxxxxxx LLC. “Over-Allotment Closing” means the closing of the transactions contemplated in Section 3.01, 3.02 and 3.04. “Over-Allotment Closing Date” has the meaning set forth in Section 3.03.

Initial Proceeds shall have the meaning ascribed to it in Section 4.3 hereof.

Examples of Initial Proceeds in a sentence

• Use of Proceeds: The Issuer has applied the Initial Proceeds (as definedbelow) to acquire the Portfolio Assets.

• USE OF PROCEEDS The initial net proceeds from the issuance of the Securities will be a USD amount in excess of EUR 10,000,000 (the "Initial Proceeds") and have been applied to acquire the Portfolio Assets.

• The Initial Proceeds and the Deferred Proceeds (together the “Proceeds”) will be credited to the Transaction Account.

• In the event that the Minimum Gross Initial Proceeds are not raised, the Initial Issue will not proceed, except where the Company produces a supplementary prospectus stating the revised minimum proceeds.

• The actual number of Ordinary Shares to be issued pursuant to the Initial Issue, and therefore the Gross Initial Proceeds, is not known as at the date of this Prospectus but will be notified by the Company via an RIS announcement prior to Initial Admission.

More Definitions of Initial Proceeds

Initial Proceeds has the meaning set forth in Section 3.2(a).

Initial Proceeds means 100 per cent. of the Principal Amount;

Initial Proceeds means the aggregate proceeds received by the Asset Trust from the sale of the Series A Asset Trust Preferred Securities and the Asset Trust Common Securities.

Initial Proceeds means the net proceeds received by the Corporation in exchange for the issuance and sale of Shares in the IPO. Initial Proceeds will be calculated as the product of (a) the sum of (i) the price per share at which Shares are sold to the public in the IPO minus (ii) the aggregate selling agents’ commissions in such offering, multiplied by (b) the number of Shares sold to the public in the IPO without giving effect to any exercise of the Subsequent Closings. For the avoidance of doubt, Initial Proceeds shall not include the Subsequent Proceeds.

Initial Proceeds means an aggregate of $1,500,000 to be raised by the Company from the Lead Investor and/or the Paragon Introduced Investors.

Initial Proceeds means 100 per cent. of the net proceeds from the issue of the Notes, being GBP 12,500,000;

Initial Proceeds means the Proceeds received and receivable by the Company prior to such price reduction in connection with such Convertible Securities. The "Reduced Proceeds" shall mean the Proceeds received and receivable by the Company after giving effect to such price reduction in connection with such Convertible Securities. In case the Company shall issue and sell Convertible Securities for a consideration consisting, in whole or in part, of property other than cash or its equivalent, then in determining the "Price Per Share" of Common Stock and the "consideration received by the Company" for purposes of this paragraph (d), an independent professional evaluator selected by the disinterested non-employee members of the Board of 9