Equity Infusion. Borrower shall have contributed its equity into the Project and the amount of the loan, less the Interest Reserve is sufficient to fully build out the Project in accordance with the Budget.
Equity Infusion. The Company shall have received an aggregate of not less than $3,000,000 in capital contributions from one or more of its shareholders upon terms and conditions satisfactory to the Noteholder in its sole discretion.
Equity Infusion. Obtain, on or before September 30, 2016, cash equity from its members in an amount equal to not less than $6,000,000.
Equity Infusion. An investor group led by Edward F. Calesa shall purchase a minimum of $2.5 million of coxxxx xxxxx xxxx the Company at the market price of the common stock at such date (such market price to be calculated based on the average trading price over the time period beginning on March 20, 2003 and ending on the day prior to the Effective Date) and Edward F. Calesa shall invest a minimum of $1.0 million of such xxxxxxxxxx xxxxuant to definitive documentation in form and substance satisfactory to the Purchasers.
Equity Infusion. The Borrower shall have received cash proceeds of an additional $3,000,000 in capital contributions from one or more of its shareholders upon terms and conditions satisfactory to the Lenders and the Agent shall have received evidence satisfactory to the Agent of such receipt.
Equity Infusion. Xxx Borrower xxxxx have received a cash equity infusion from Parent in the amount of $25,367,000.
Equity Infusion. Borrower shall receive not less than $5,000,000 in cash proceeds from institutional venture capital investors acceptable to Bank from the sale of its Series B capital stock on or before January 22, 1999."
Equity Infusion. On or before November 30, 1998, Borrower shall --------------- receive no less than Five Million Dollars ($5,000,000) in cash proceeds from institutional venture capital investors acceptable to Bank from the sale of its Series B capital stock.
Equity Infusion. Evidence acceptable to Bank of the completion of a cash equity contribution to AqHawk by Xxxxxxx in the form of common stock and\or paid-in-kind preferred stock in a minimum amount of $2,000,000, on terms and conditions acceptable to Bank, together with correct and complete copies of all subscription agreements, share certificates, statements of rights and preferences if any, and all other documentation thereof, certified as correct and complete by an officer of Borrower.
Equity Infusion. Borrower will provide Administrative Agent with documentation and other evidence, reasonably satisfactory to Administrative Agent, confirming Capricorn Holdings III, LLC's ("Capricorn") purchase of trust preferred stock of a new Delaware business trust (the "New Trust") owned by the Guarantor and warrants to purchase 1,200,000 shares of the common stock of Guarantor for an aggregate purchase price of approximately $15,000,0000, substantially in accordance with its commitment Letter to Guarantor dated January 24, 2001, with the subsequent sale by the Guarantor of debt securities to the New Trust for an acquisition price of approximately $15,500,000 (with respect to which a reasonable amount of transaction costs will be paid, not to exceed $1,250,000), all prior to February 23, 2001 (the "Capricorn Contribution")."
