Specified Financing definition

Specified Financing means not less than $5,000,000 of cash proceeds received by the Loan Parties on or before February 28, 2019 (a) in the form of Subordinated Indebtedness or (b) in consideration for the issuance by the Parent of Qualified Equity Interests, such financing to be received by the Loan Parties pursuant to definitive documents in form and substance reasonably satisfactory to the Collateral Agent.
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Specified Financing means the financing as set forth in the financing addendum attached hereto.
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Specified Financing is defined in Section 5.2(e).
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Examples of Specified Financing in a sentence

  • Prior to the Closing, Parent shall use commercially reasonable efforts to cause a Specified Financing Resolution or a Specified Financing Repurchase to take place with respect to the financings described on Section 6.28(a) of the Parent Disclosure Letter (the “Specified Financing”).

  • A Specified Financing Resolution or a Specified Financing Repurchase shall have occurred, provided that if Parent or its Subsidiaries sells assets to accomplish a Specified Financing Resolution or a Specified Financing Repurchase then such sales must be made in accordance with the terms set forth in Section 6.28(b) of the Parent Disclosure Letter.

  • Nothing in this Agreement shall prevent Parent or its Subsidiaries from selling assets to accomplish a Specified Financing Resolution or a Specified Financing Repurchase, provided that if Parent or its Subsidiaries sells assets to accomplish a Specified Financing Resolution or a Specified Financing Repurchase then such sales must be made in accordance with the terms set forth in Section 6.28(b) of the Parent Disclosure Letter.

  • Any default or event of default (as defined therein) shall occur under any of the Specified Financing Documents and continue beyond any applicable notice or cure period.

  • Each of the Buyer and the Seller agrees to execute and deliver such other documents (including the Specified Financing Statements, other financing statements and continuation statements in respect thereof), certificates, agreements and other writings and to take such other actions as may be reasonably necessary in order to consummate the transactions contemplated by this Agreement.

  • The Administrative Agent has received complete copies of all Specified Financing Documents in existence as of the Third Forbearance Agreement Closing Date.

  • Payment of the Financing Failure Termination Fee shall be the Company’s sole and exclusive remedy against the Purchaser, Merger Sub and any of their respective former, current and future Affiliates, representatives, shareholders, members, managers, partners, successors and assigns (collectively, the “Purchaser Related Parties”) or any lender participating in the Debt Financing and its Affiliates following a Specified Financing Failure Termination Event.

  • The Final Closing Book Value of the Assets Statement shall set forth the Applicable NAV for each Specified Financing and Lease Asset and each Equity Asset and Asset Held for Sale or Lease, in each case, that is assigned to Buyer as of the Initial Closing Date.

  • Sellers have disclosed on Schedule 3.2(g)(v) that certain Obligors are not in compliance with the insurance requirements of their respective Specified Financing and Lease Assets (the “Insurance Deficiencies”).

  • The parties agree that such asset shall be considered a Specified Financing and Lease Asset for all purposes under the Purchase Agreement.


More Definitions of Specified Financing

Specified Financing means a financing evidenced by Specified Financing Documents.
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Specified Financing means that certain term loan in the principal amount of $2,000,000 made available by the Specified Financing Provider to the Company pursuant to the Specified Financing Documents.
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Specified Financing means a financing evidenced by Specified Financing Documents. “Specified Financing Documents” means (i)(x) that certain Export-Import Transaction Specific Loan and Security Agreement, dated as of September 30, 2020 by and among the Borrower, USSI, the lenders from time to time parties thereto and PNC Bank, National Association, as Agent (the “ExIm Loan Agreement” and (y) the “Other Documents” as defined in the ExIm Loan Agreement and (ii) the documentation for any financing transaction that amends, amends and restates, supplements, modifies, extends, replaces, renews, restates or refinances the financing provided for under the Specified Financing Documents described in clause (i) (such financing described in clause (i), the “Initial Specified Financing”), so long as (x) the Receivables securing such Specified Financings are attributable solely to Specified Financing Eligible Account Debtors and (y) the material terms of such financing transaction (other than amounts, yield, fees or other compensatory economics, maturity, advance rates and other economic terms) are substantially consistent with the material terms of the Initial Specified Financing; provided that a certificate of the Borrower certifying in good faith that the material terms of such financing transaction are substantially consistent with the material terms of the Initial Specified Financing shall satisfy the requirements of this clause (y). “Specified Financing Eligible Account Debtor” means (i) [REDACTED], (ii) [REDACTED] or (iii) [REDACTED]; provided, the Borrower may make a one-time election to replace such Account Debtor set forth in this clause (iii) upon at least three Business Days’ prior written notice to the Administrative Agent with another Account Debtor identified in such notice (the “Specified Financing Replacement Account Debtor”) and subject to the requirements set forth in Section 6.05(b). “Specified Financing Replacement Account Debtor” has the meaning set forth in the definition of Specified Financing Eligible Account Debtor. (ii) The first sentence of the definition of “Permitted Supply Chain Financing” set forth in Section 1.01 of the Credit Agreement is hereby amended by inserting the text “(i)” between the words “means” and “any” and inserting the text “and (ii) the Specified Financing” immediately prior to the period at the end of such sentence. (iii) Article 6 of the Credit Agreement is hereby amended by inserting the following Section 6.05 at the end thereof: “Section...
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Specified Financing means a certain revolving line of credit in the maximum principal amount not to exceed $2,000,000 at any one time, made available by the Specified Financing Provider to the Loan Parties pursuant to the terms of the Specified Financing Documents.
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Related to Specified Financing

  • Qualified Financing is a transaction or series of transactions pursuant to which the Company issues and sells shares of its capital stock for aggregate gross proceeds of at least $5,000,000 (excluding all proceeds from the incurrence of indebtedness that is converted into such capital stock, or otherwise cancelled in consideration for the issuance of such capital stock) with the principal purpose of raising capital.

  • Permitted Financing means (i) the Company’s issuance of Common Stock and warrants therefore in connection with a merger and/or acquisition or consolidation, (ii) the issuance of shares of Common Stock or warrants therefore in connection with strategic license agreements so long as such issuances are not for the purpose of raising capital, (iii) the Company’s issuance of Common Stock or the issuance or grants of options to purchase Common Stock pursuant to the Company’s stock option plans and employee stock purchase plans as they now exist, and (iv) the issuance of Common Stock upon the exercise or conversion of any securities outstanding on the date hereof.

  • New Financing has the meaning specified in Section 2.04(a).

  • Equity Financing means the next sale (or series of related sales) by the Company of its Equity Securities to one or more third parties following the date of this instrument from which the Company receives gross proceeds of not less than $1,000,000 cash or cash equivalent (excluding the conversion of any instruments convertible into or exercisable or exchangeable for Capital Stock, such as SAFEs or convertible promissory notes) with the principal purpose of raising capital.

  • Incremental Facility Closing Date has the meaning set forth in Section 2.14(d).

  • Bridge Financing has meaning set forth in Section 7.6.

  • Specified Refinancing Term Loans means Specified Refinancing Debt constituting term loans.

  • Exit Financing means the financing under the Exit Facility.

  • Cash-Out Refinancing A Refinanced Mortgage Loan the proceeds of which were in excess of the principal balance of any existing first mortgage on the related Mortgaged Property and related closing costs, and were used to pay any such existing first mortgage, related closing costs and subordinate mortgages on the related Mortgaged Property.

  • Alternative Financing has the meaning set forth in Section 5.14(b).

  • Specified Refinancing Debt has the meaning specified in Section 2.18(a).

  • Existing Financing means the financing arrangements that provided for a security interest granted by Company in the Aircraft and that were outstanding on August 3, 2020.

  • Qualified Financial Contract means a qualified financial contract as defined in 12 U.S.C. Section 1821(e)(8)(D).

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

  • 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.

  • Closing Date Refinancing means the repayment, repurchase, redemption, defeasance or other discharge of the Existing Debt Facility and termination and/or release of any security interests and guarantees in connection therewith.

  • Financing Event means the earlier of (i) a public offering by the Company of its Common Stock with aggregate gross proceeds of at least $5 million; or (ii) the listing of the Company’s Common Stock on a National Securities Exchange, as such term is defined under the Exchange Act.

  • Refinancing Transactions means the issuance and sale of the Notes pursuant to the Offering Memorandum, the incurrence of indebtedness on or about the Issue Date pursuant to any Credit Agreement and/or the repricing, refinancing, amendment, restatement or supplement, in whole or in part, of any Credit Agreement and the redemption (including any satisfaction and discharge in connection therewith) of all of the Company’s outstanding 7.875% Senior Notes due 2019 and the payment of fees and expenses in connection therewith.

  • Specified Acquisition means one or more acquisitions of assets or entities or operating lines or divisions in any rolling 12-month period for an aggregate purchase price of not less than $50,000,000.

  • Financing Transaction means a transaction in which a licensed provider obtains financing from a financing entity including any secured or unsecured financing, any securitization transaction, or any securities offering which is either registered or exempt from registration under federal and state securities law.

  • Next Equity Financing means the next sale (or series of related sales) by the Company of its Preferred Stock following the Date of Issuance from which the Company receives gross proceeds of not less than $1,000,000 (excluding the aggregate amount of securities converted into Preferred Stock in connection with such sale (or series of related sales)).

  • Rate/Term Refinancing A Refinanced Mortgage Loan, the proceeds of which are not more than a nominal amount in excess of the existing first mortgage loan and any subordinate mortgage loan on the related Mortgaged Property and related closing costs, and were used exclusively (except for such nominal amount) to satisfy the then existing first mortgage loan and any subordinate mortgage loan of the Mortgagor on the related Mortgaged Property and to pay related closing costs.

  • PIPE Financing has the meaning set forth in the recitals to this Agreement.

  • Qualified Equity Financing means the first sale (or series of related sales) by the Company of its Preferred Stock following the Date of Issuance from which the Company receives gross proceeds of not less than $1,000,000 (excluding the aggregate amount of securities converted into Preferred Stock in connection with such sale or series of related sales).

  • Additional Financing means the sale by the Company of additional Units as contemplated by the registration statement on Form SB-2 filed by the Company with the SEC on September 13, 2006, as amended from time to time thereafter.

  • 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.