New Equity. On or before June 30, 2009, Borrower shall have received $10,000,000 in cash proceeds from the issuance of New Equity to Borrower’s existing investors (which at a minimum shall include Intersouth, Xxxxxx-Xxxxxxxxx and Xxxxxxx Ventures).”
New Equity. On the date of closing of a financing in which SOFTBANK Capital Partners LP and/or its affiliates purchase twenty million dollars ($20,000,000) of Webhire's Common Stock, at least one million five hundred thousand dollars ($1,500,000) of which is purchased by Yahoo (the "Softbank Financing"), Webhire shall issue to Yahoo a Warrant to purchase eighty-four thousand five hundred fifty nine (84,559) shares of Webhire's Common Stock at a per share purchase price of $4.95 (the "New Warrant"). The New Warrant shall be issued in the form of EXHIBIT A to this Amendment. The New Warrant will be issued in addition to the Warrant to purchase one hundred fourteen thousand six hundred fifty nine (114,659) shares of Webhire's Common Stock issued to Yahoo pursuant to Section 8.1 of the Agreement. If the Softbank Financing is not closed on or before October 29, 1999, Webhire's obligation to issue a warrant under this section will terminate and be without force or effect.
New Equity. Borrower shall have received new equity capital after September 1, 1997 of no less than THREE MILLION AND NO/100ths Dollars ($3,000,000) (the "New Equity") on or before January 31, 1998.
New Equity. Borrower shall have received at least (i) $6,600,000 in New Equity no later than December 21, 2006 and (ii) an additional $3,330,000 in New Equity no later than (a) November 30, 2007.”
New Equity. Within two (2) Business Days after the consummation of any issuance by the Borrower or any of its Subsidiaries of any capital stock or other equity securities (as the case may be, a "New Equity Issue"), the Borrower shall apply an amount equal to fifty percent (50%) of the Net Proceeds of such New Equity Issue to permanently reduce the Term Loan Obligations, the Note Obligations, and the Revolving Credit Obligations by forwarding such Net Proceeds (the "New Equity Net Proceeds") to the Agent and the Note Lenders in the respective percentages as set forth in Section 7 (e) of the Intercreditor Agreement, provided that the Borrower's existing stock incentive programs, as more fully described in Schedule 4.11(b) hereof, to the extent limited to aggregate equity values of $2,000,000 or less on an annual basis, shall not constitute a New Equity Issue for purposes hereof.
New Equity. After the Second Amendment Closing Date but on or before August 31, 2013, the Borrower shall enter into a commitment letter or term sheet, in form and substance satisfactory to the Administrative Agent, acting reasonably, for the funding of New Equity equal to not less than a gross amount of US$15,000,000 (before deducting expenses of the offering), and the Borrower shall have received such New Equity on or before September 30, 2013 (provided that the September 30, 2013 deadline shall be extended to the extent required for the offering to comply with securities regulatory or stock exchange requirements including the expiry of any minimum offering period).
New Equity. Borrower shall have received at least $7,287,902 in New Equity from investors including Intersouth, Xxxxxx-Xxxxxxxxx, and Xxxxxxx Ventures no later than October 31, 2009.
New Equity. Borrower shall have received new equity capital after July 1, 1998 and on or before July 17, 1998 of no less than SIX MILLION AND NO/100THS Dollars ($6,000,000) (the "New Equity"). Borrower will deposit in its accounts with Bank any new equity raised after January 31, 1998 and will notify Bank promptly of its compliance or non-compliance with this covenant.
New Equity. Subject to the terms and conditions of the Employer’s 2020 Omnibus Equity Compensation Plan (the “Plan”), including approval by the Compensation Committee, Executive will be eligible to receive the equivalent of fifty percent (50%) of Base Salary in RSUs at the time of the next annual grant of equity to employees generally, which shall vest in accordance with the terms of the standard RSU award agreement under the Plan for employees.
New Equity. Borrower shall cause KAE to issue new Capital Stock (the terms of which Capital Stock shall be in form and substance acceptable to Lender) during the period between March 25, 2020 and April 30, 2020 which results in KAE receiving net cash proceeds from the issuance of such Capital Stock in an amount not less than Five Hundred Thousand Dollars ($500,000).
