Offering Proceeds definition
Examples of Offering Proceeds in a sentence
Reference is made to the Offering Proceeds Note Subordination Agreement.
Capitalized terms used and not otherwise defined herein shall have the meanings assigned to such terms in the Offering Proceeds Note Subordination Agreement.
Subject to Rule 419, upon the Company's receipt and acceptance of subscriptions and Offering Proceeds, the Company shall promptly deliver to the Escrow Agent such checks in the aggregate amount of the Offering Proceeds drawn to the order of the Escrow Agent or, alternatively, in the event that checks are drawn to the order of the Company, they shall be endorsed by the Company for collection by the Escrow Agent and credited to the Escrow Account.
The Offering Proceeds Note Guarantor agrees that it shall not be entitled to any right of subrogation in respect of any Obligations guaranteed hereby until payment in full in cash of all Obligations.
The rights, remedies and benefits of the Issuer herein and therein expressly specified are cumulative and not exclusive of any other rights, remedies or benefits which either may have under this Agreement or the Offering Proceeds Note at law, in equity, by statute or otherwise.