Initial Financing. The Partnership approves borrowing pursuant to the Mortgage Loan. The Mortgage Loan is secured by a first-priority mortgage lien on the Project. General Partner shall deliver (or cause to be delivered to Limited Partner) to the Limited Partner all notices, correspondence, and information delivered by the holder (or servicer) of the Mortgage Loan to the Partnership.
Initial Financing. Neither Parent nor Buyer nor any Affiliate or agent of Parent or Buyer has disclosed or will disclose any information regarding the Company or has made or will make any representation regarding the Company to any potential investor in the Initial Financing (as such term is defined in Section 5.1(c) herein) except for written information or representations provided by Company or Seller to Parent and specifically authorized in writing by Company or Seller for disclosure to a potential investor in the Initial Financing.
Initial Financing. The Parent shall have received fully executed subscription agreements with respect to a common stock offering pursuant to Rule 506 of the Securities Act in the aggregate amount of at least Two Million Five Hundred Thousand Dollars (US$2,500,000)(the “Proceeds”) at $0.25 per share of common stock of the Parent (the “Initial Financing”). The Proceeds (less expenses incurred in the Initial Financing) shall be in an escrow account pending release to the Parent upon the Closing. All such subscription agreements shall be with Accredited Investors only (as such term is defined under the Securities Act).
Initial Financing. The Parent shall have received fully executed subscription agreements with respect to a common stock offering pursuant to Rule 506 of the Securities Act in the aggregate amount of at least Two Million Dollars (US$2,000,000) (the “Proceeds”) at $0.25 per share of common stock of the Parent (the “Initial Financing”).
Initial Financing. (a) Developer agrees to obtain Initial Financing from a Suitable Lender on such terms and conditions as are acceptable to City and necessary and sufficient in the reasonable opinion of City to:
Initial Financing. Upon the Effective Date, Developer shall have either obtained the Initial Financing or shall at all times thereafter diligently pursue obtaining the Initial Financing.
Initial Financing. 26 2.11 Failure to Pay. . . . . . . . . . . . . . .26 2.12
Initial Financing. (a) As consideration for Huntingdon Corporation ("Huntingdon") advancing to the Company an aggregate of $1,000,000 through the date hereof (collectively, the "Initial Financing") for working capital purposes, on the date hereof, the Company shall deliver to Huntingdon a $1,000,000 principal amount convertible senior promissory note secured by all of the assets (other than cash, accounts receivable and inventory) of the Company and containing such other terms as set forth in Exhibit B annexed hereto (the "Initial Financing Note").
Initial Financing. The closings under the LTC Note Purchase Agreements with respect to the purchase of not less than $5,000,000 in the aggregate principal amount of the LTC Notes shall have been consummated prior to or contemporaneously with the Closing.
Initial Financing. Subject to Section 6.4, if and when necessary, the Parties shall use their best efforts to arrange a credit or overdraft facility on behalf of the Company with a bank in Singapore acceptable to the Board.
