Specified Equity Proceeds definition

Specified Equity Proceeds means the proceeds of the PIPE Preferred Stock.
Specified Equity Proceeds means Net Cash Proceeds received by BVI Borrower from the issuance of Equity Interests (other than Disqualified Interests) issued by BVI Borrower; provided that (i) such proceeds were intended at the time of such issuance of Equity Interests to be applied in repayment of Specified Bridge Debt (and were not, for the avoidance of doubt, proceeds of an Equity Cure) and (ii) either (A) such Net Cash Proceeds are promptly applied to the repayment of Specified Bridge Debt or (B) such Net Cash Proceeds are held in a designated account of the BVI Borrower (and not, for the avoidance of doubt, comingled with any other funds of the Loan Parties or any other Person) pending application in repayment of Specified Bridge Debt.
Specified Equity Proceeds has the meaning assigned to it in Section 2.11(b)(vii).

Examples of Specified Equity Proceeds in a sentence

  • The last comment post I read bring your blog was in regards to defense bar some of lost profits as the reason are are balking at DIVERT.

  • Subject to the terms and conditions of this Amendment, the Administrative Agent hereby consents to and approves of the Specified Use of Proceeds under clause (v) of Section 2.13(c) such that no prepayment of the Obligations is required with the Specified Equity Proceeds.

  • Company has requested that the Specified Equity Proceeds not be required to be used to prepay the Obligations, and the Administrative Agent is willing to approve the Specified Use of Proceeds under clause (v) of Section 2.13(c) such that no prepayment of the Obligations is required with the Specified Equity Proceeds.

  • Each Borrower and each Restricted Subsidiary shall apply the Net Cash Proceeds of any issuance by it of equity to capital expenditures or working capital of the Borrower or Restricted Subsidiaries thereof; provided, that any Specified Equity Proceeds may be applied as set forth in the definition thereof to the extent permitted thereby.

  • Minimum Specified Equity Proceeds Amount 133 ARTICLE VII EVENTS OF DEFAULT 1334 SECTION 7.01.


More Definitions of Specified Equity Proceeds

Specified Equity Proceeds means an amount equal to the sum of the Net Cash Proceeds received by any Borrower and/or its Subsidiaries from any new issuance of Equity Securities:
Specified Equity Proceeds means the proceeds of (i) the Convertible Notes or (ii) any preferred or common equity interests of the Company issued prior to or on the Closing Date.
Specified Equity Proceeds cash proceeds from an offering of Borrower’s Capital Stock completed following the Closing Date, as permitted hereunder.
Specified Equity Proceeds with respect to any public offering by ------------------------- Holdings of common stock and/or by the Canadian Borrower of Exchangeable Shares consummated after the consummation of the IPO, up to $35,000,000 of the Net Cash Proceeds of such offering.
Specified Equity Proceeds has the meaning assigned to such term in the definition of Consolidated EBITDA.
Specified Equity Proceeds cash proceeds from ana public offering of Bxxxxxxx’s Capital Stock completed following the Closing Date, as permitted hereunder.
Specified Equity Proceeds means, with respect to any Net Equity Securities Proceeds, the amount thereof minus the amount of the prepayment of Loans required to be made pursuant to subsection 2.4B(iii)(c) in respect thereof; provided that, with respect to any Net Equity Securities Proceeds received by Parent, such Net Equity Securities Proceeds shall only constitute Specified Equity Proceeds to the extent they shall have been contributed to Borrower by Parent.