Equity Condition definition

Equity Condition means the raising of cash by Borrower of not less than $25.0 million through the issuance of Equity Interests thereof prior to the end of the fiscal quarter ending March 31, 2015.”
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Equity Condition means, with respect to any given date of determination, each of the following:
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Equity Condition means, during the period in question, (a) (i) there is an effective Registration Statement pursuant to which the Holder is permitted to utilize the prospectus thereunder to resell all of the shares of Common Stock issuable pursuant to the Transaction Documents (and the Company believes, in good faith, that such effectiveness will continue uninterrupted for the foreseeable future) or (ii) all of the Conversion Shares issuable pursuant to the Transaction Documents may be resold pursuant to Rule 144, (b) the Company shall have honored all conversions and redemptions scheduled to occur or occurring by virtue of one or more Notices of Conversion of the Holder, if any, and (c) there is a sufficient number of authorized but unissued and otherwise unreserved shares of Common Stock for the issuance of all of the shares then issuable pursuant to the Transaction Documents.
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Examples of Equity Condition in a sentence

  • If any of the Equity Conditions shall cease to be satisfied at any time during the Optional Redemption Period, then the Holder may elect to nullify the Optional Redemption Notice by notice to the Company after the day on which any such Equity Condition has not been met in which case the Optional Redemption Notice shall be null and void, ab initio.

  • If any of the Equity Conditions shall cease to be satisfied at any time during the Optional Redemption Period, then the Holder may elect to nullify the Optional Redemption Notice by notice to the Company within 3 Trading Days after the first day on which any such Equity Condition has not been met in which case the Optional Redemption Notice shall be null and void, ab initio.

  • All such amounts will be included in each applicable compliance calculation under this Agreement, including, without limitation, calculation of the Borrowing Base and the Minimum Equity Condition.

  • If any of the Equity Conditions shall cease to be satisfied at any time during the 30 Trading Day period, then a Holder may elect to nullify the Optional Redemption Notice as to such Holder by notice to the Corporation within 3 Trading Days after the first day on which any such Equity Condition has not been met in which case the Optional Redemption Notice shall be null and void, ab initio.

  • All such amounts will be included in each applicable compliance calculation under this Agreement, including, without limitation, calculation of the Borrowing Base, the Maximum Availability and the Minimum Equity Condition.


More Definitions of Equity Condition

Equity Condition shall have the meaning set forth in Section 6.02(k).
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Equity Condition means, during the period in question, (a) (i) there is an effective Registration Statement pursuant to which the Holder is permitted to utilize the prospectus thereunder to resell all of the shares of Common Stock issuable pursuant to the Transaction Documents (and the Company believes, in good faith, that such effectiveness will continue uninterrupted for the foreseeable future) or (ii) all of the Conversion Shares issuable pursuant to the Transaction Documents may be resold pursuant to Rule 144, (b) the Company shall have honored all conversions and
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Equity Condition is used herein as ---------------- defined in that Certain Consent Solicitation Statement dated as of January 7, 1998 from Energy to the holders of the Senior Unsecured Notes.
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Equity Condition means that the Borrower has consummated a public offering of common units representing limited partnership interests in the Borrower resulting in the receipt by the Borrower of gross proceeds of at least $350,000,000 during the period commencing on July 17, 2015 and ending on the Increase and Amendment Effective Date.”
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Equity Condition means: ⎡ Sharek ⎤ Min ⎢t ⎥ ≥ 100%k =1,2,3,4,5 ⎢ Sharek ⎥⎣ 0 ⎦where:
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Equity Condition means the closing, after the Effective Date, of one or more sales by Borrower of its capital stock with aggregate gross cash proceeds of at least Twenty Million Dollars ($20,000,000).
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Equity Condition means, (i) the Common Stock is trading uninterrupted on the Principal Market and (ii) the price at which the Common Stock is trading on the Principal Market during any consecutive (uninterrupted) thirty calendar day period is not below $0.21 per share.
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