Examples of SBIC Holder in a sentence
In addition to any other rights granted hereunder, the Company shall grant each SBIC Holder and the United States Small Business Administration (the "SBA") access to the Company's records for the purpose of verifying the use of such proceeds.
At such time as any SBIC Holder reasonably requests, the Company shall deliver to each SBIC Holder a written statement certified by the Company's president or Chief Financial Officer describing in reasonable detail the use of the proceeds of the Financing hereunder by the Company and its Subsidiaries.
At such time as any SBIC Holder reasonably requests, the Company shall deliver to each SBIC Holder a written assessment of the economic impact of such SBIC Holder's investment in the Company, specifying the full-time equivalent jobs created or retained in connection with the investment, the impact of such SBIC Holder's Financing on the revenues and profits of the Company and its Subsidiaries and on taxes paid by the Company and its employees.
The Company shall pay the purchase price for such Securities by a cashier's or certified check or by wire transfer of immediately available funds to such SBIC Holder within 30 days after the Company's receipt of the demand notice, and, upon such payment, such SBIC Holder shall deliver the certificates evidencing the Securities being repurchased duly endorsed for transfer or accompanied by duly executed forms of assignment.
Pursuant to the provisions of Section 3H(a) of the Purchase Agreement, the Company is required to notify each SBIC Holder at least 15 days prior to the taking any action after which members of the Company's management would cease to own at least 25% of the outstanding voting securities of the Company.