Put Financing definition

Put Financing means the financing required to fund any purchases of Existing Notes required to be made by the Parent or the Borrower, as the case may be, pursuant to the Change in Control Offers.
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Examples of Put Financing in a sentence

  • The Company shall pay to Holder seventy-five percent (75%) of the net proceeds received by the Company from the Put Financing (and, to the extent permitted by the terms of such investment, any other equity financing) to be applied to the repayment of the Note until the Note is repaid in full, such prepayments to be applied first to accrued interest and then to unpaid principal.

  • In the event that the Borrower elects to exercise its put rights under the Put Financing, it shall provide notice to Holder (the "Put Notice") concurrently with its notice under the Purchase Agreements.

  • This Warrant is exercisable at an exercise price per share equal to the lesser of $.50 per share (as such price may be adjusted as provided herein, the "Exercise Price") or the average price of the Put Financing; provided, however, that upon the occurrence of any of the events specified in Sections 5 or 6 hereof, the rights granted by this Warrant, including the number of shares of Common Stock to be received upon such exercise, shall be adjusted as therein specified.

  • In the event that, after the Conversion, shares have been issued pursuant to the Put Financing so that the average price of the Put Financing becomes lower than the Conversion Price, the Borrower shall issue to Holder such number of additional Conversion Shares based upon such lower average price.

  • For so long as the Founder Shareholder Put Option remains outstanding, the Company shall either file and maintain a registration statement or file and effect a new registration statement to cover the issuances of shares by Company in relation to a Founder Shareholder Put Financing Issuance to the extent required to facilitate the implementation of the Founder Shareholder Put Option in accordance with the provisions set out in “Founder Shareholder Put Option” below.

  • The Company shall include the Note Shares and the Warrant Shares in a registration statement to be filed by the Company in connection with the resale of shares of the Company's Common Stock (the "Put Financing") issuable pursuant to Stock Purchase Agreements dated as of September ___, 2004 (the "Purchase Agreements) between the Company and each of Pewter Hill Partners, LLC and Wire Mill Partners III, LLC (the "Put Purchasers").

  • The Company shall include the Shares, the Note Shares and the Warrant Shares in a registration statement to be filed by the Company in connection with the resale of shares of the Company's Common Stock (the "Put Financing") issuable pursuant to Stock Purchase Agreements dated as of September 3, 2004 (the "Purchase Agreements) between the Company and each of Pewter Hill Partners, LLC, Infinium Investment Partners, LLC and Wire Mill Partners III, LLC (the "Put Purchasers").

  • The price per Put Share following any such successful Founder Shareholder Put Financing Issuance shall be equal to: the “look through” price per Put Share (with such “look through” price being defined and described in detail in the Registration Rights, Coordination and Put Agreement) based on the price per Company share received by the Company pursuant to the Founder Shareholder Put Financing Issuance.

  • Upon receipt of such the Put Notice, Holder shall have the right to convert any unpaid principal portion and accrued interest on this Note into shares of Borrower's Common Stock (the "Conversion Shares") by delivery to Borrower of a Notice of Conversion within three business days from formal receipt of the Put Notice at the conversion price equal to the average price per share of the Put Financing for all tranches with respect to which the Borrower has the right to exercise (the "Conversion Price").

  • Upon receipt of such Notice, Holder shall have the right to convert any unpaid principal portion and accrued interest on this Note into shares of Borrower's Common Stock (the "Conversion Shares") by delivery to Borrower of a Notice of Conversion within three business days from formal receipt of the Put Notice at the conversion price equal to the average price per share of the Put Financing for all tranches with respect to which the Borrower has the right to exercise (the "Conversion Price").

Related to Put Financing

  • Co-financing means the financing referred to in Section 7.02 (h) and specified in the Loan Agreement provided or to be provided for the Project by the Co-financier. If the Loan Agreement specifies more than one such financing, “Co-financing” refers separately to each of such financings.

  • Exit Financing means the financing under the Exit Facility.

  • New Financing means the Indebtedness incurred or to be incurred by Holdings and its Subsidiaries under the Credit Documents (assuming the full utilization of the Revolving Commitments) and all other financings contemplated by the Credit Documents, in each case after giving effect to the Transaction and the incurrence of all financings in connection therewith.

  • Concurrent Financing means the various third party financing arrangements the Company is executing pursuant to the agreements described on Schedule 2.1(c)(i) (the “Concurrent Financing”) separate and apart from the transactions contemplated by this Agreement.

  • Subsequent Financing shall have the meaning ascribed to such term in Section 4.12(a).