New Equity Financing definition

New Equity Financing means the purchase by the New Equity Investor pursuant to the Investment Agreement of Common Stock of New GP for an aggregate purchase price in cash equal to the sum of (i) $10,000,000, plus (ii) the Common Stock Standby Commitment Amount, plus (iii) plus the aggregate amount to be paid to holders of Eligible Allowed Unsecured Claims with respect to which the Cash Election is validly made if all such Eligible Allowed Unsecured Claims remain Allowed. The purchase price per share for shares purchased as described in clauses (i) and (ii) is $9.340033.

New Equity Financing means the issuance by Holdings of additional equity -------------------- securities of Holdings, or securities convertible into, or exercisable or exchangeable for, such equity securities other than issuances of equity securities in connection with (a) stock incentive or compensation plans approved by the Board, (b) business acquisitions by Holdings (c) issuances in connection with debt or lease financings approved by the Board, (d) any redemption as contemplated by the Certificate of Incorporation (e) any exercise of any options or warrants outstanding as of the date hereof and (f) issuances of Common Stock in connection with the Initial Public Offering.

New Equity Financing means the issuance by the Company of new common equity securities of the Company, or securities convertible into, or exercisable or exchangeable for, such common equity securities other than issuances of equity securities (a) pursuant to stock incentive or compensation plans approved by the Board, (b) upon exercise of convertible instruments outstanding immediately following the closing of the Merger, (c) as consideration for business acquisitions by the Company or a subsidiary of the Company approved by the Board, (d) in connection with debt or lease financings approved by the Board or (e) in the Initial Public Offering.

Examples of New Equity Financing in a sentence

• In no event shall the Limited Partners be required to make any additional Capital Contributions or any loan to, or otherwise provide any financial accommodation for the benefit of, the Partnership pursuant to any such permitted action by the General Partner, except insofar as a Limited Partner has exercised its New Equity Financing Right pursuant to Section 8.8.

• All documents required for the New Equity Financing and the New Convertible Secured Notes Financing shall be executed and delivered by all parties thereto.

• Such funding shall be the purchase price for the shares of Common Stock of New GP purchased by the New Equity Investor in the New Equity Financing.

• The certificates for the shares of Common Stock of New GP issued in the New Equity Financing shall bear appropriate securities and other legends.

• New GP will receive gross proceeds from the funding of the New Equity Financing in an aggregate amount equal to the sum of (i) $10,000,000, plus (ii) the Common Stock Standby Commitment Amount, plus (iii) the aggregate amount to be paid to holders of Eligible Allowed Unsecured Claims with respect to which the Cash Election is validly made if all such Eligible Allowed Unsecured Claims remain Allowed.

More Definitions of New Equity Financing

New Equity Financing means at least $8.6 million equity financing raised by the Corporation concurrently with or immediately prior to the issuance of the New Note.

New Equity Financing means the equity financing contemplated by the Memorandum of Terms dated September 30, 2009 among the Company and the other parties thereto.

New Equity Financing means a financing transaction in which the Company issues New Equity Securities to any venture capital, institutional or strategic investor(s) with the consent of the Majority Note Holders, but excludes any transaction in which a sale of securities is not the principal transaction.

New Equity Financing the receipt by the Guarantor of at least $150,000,000 in gross cash proceeds from the issuance and sale of its common stock after the Closing Date to Persons other than the Permitted Investors and other than pursuant to the share rights offering described in subsection 14.12.

New Equity Financing means the receipt by the -------------------- Parent of at least $150,000,000 in gross cash proceeds from the issuance and sale of newly-issued shares of Common Stock after the Closing Date to Persons other than the Permitted Investors and "Management Investor" means, ------------------- collectively, the officers, directors, employees and other members of the management of the Parent, the Company or any Subsidiary of the Company, or immediate family members or relatives thereof, or trusts or partnerships for the benefit of any of the foregoing, or any of their heirs, executors or legal representatives, who at any particular date shall beneficially own or have the right to acquire, directly or indirectly, common stock of the Parent or the Company.

New Equity Financing means the receipt by the Parent of at least $150,000,000 in gross cash proceeds from the issuance and sale of newly-issued shares of Common Stock after the Closing Date to Persons other than the Permitted Investors and "Management Investor" means, collectively, the officers, directors, employees and other members of the management of the Parent, the Company or any Subsidiary of the Company, or immediate family members or relatives thereof, or trusts or partnerships for the benefit of any of the foregoing, or any of their heirs, executors or legal representatives, who at any particular date shall beneficially own or have the right to acquire, directly or indirectly, common stock of the Parent or the Company.

New Equity Financing means the closing of an equity financing round of the Company, excluding conversion of existing bonds or similar instruments.