Minimum Proceeds Amount definition
Examples of Minimum Proceeds Amount in a sentence
Subject to the Intercreditor Agreement, notwithstanding anything herein to the contrary, the New Money Lenders shall have the right to credit bid for up to $200,000,000 of their New Money Loans in connection with a Specified Sale; provided that, to the extent such New Money Lenders are the winning bidders for any portion of such assets, the amount of any credit bid shall be deemed to be both cash purchase price for determining the Minimum Proceeds Amount and Net Cash Proceeds for Section 2.08(b)(iii).
The Company shall make its initial submission to the NASDAQ in respect of the receipt of the NASDAQ Approval not later than 14 calendar days after the date on which the Company has entered into Other Securities Purchase Agreements providing for aggregate gross proceeds to the Company of at least the Minimum Proceeds Amount, or, if later but prior to the Closing, such time as the Common Stock becomes listed on the NASDAQ.
The Company shall make its initial submission to the NASDAQ in respect of the receipt of the NASDAQ Approval not later than 14 calendar days after the date on which the Company has entered into Other Securities Purchase Agreements providing for aggregate gross proceeds to the Company of at least the Minimum Proceeds Amount.
To the extent that lenders holding the New Money Loans are the winning bidders for any portion of such assets, the amount of any credit bid shall be deemed to be cash purchase price for determining the Minimum Proceeds Amount.