Capital Event Sample Clauses

Capital Event. To the extent a Capital Event has occurred and Seller fails to pay the Obligations outstanding on the date of such Capital Event in full on or before the conclusion of the Capital Event Amortization Period.

Capital Event. The issuance by any Borrower or any of its Subsidiaries on or after the Closing Date (i) of Indebtedness for borrowed money or (ii) of any equity interest. Nothing contained in this definition or in any provision relating to Capital Events shall permit or be deemed to permit any Borrower or any of its Subsidiaries to effectuate a Capital Event which is otherwise prohibited hereunder or under the Borrowing Order.

Capital Event. (Schedule A)

Capital Event. On a Capital Event Notice Date, (i) the Obligations outstanding as of such date shall be immediately due and payable in full and Seller shall pay such amounts to the related Buyer on or before the conclusion of the Capital Event Amortization Period, and (ii) any obligation of any Buyer to enter into any Transactions with Seller shall thereupon immediately terminate. Upon the conclusion of the Capital Event Amortization Period, any outstanding Obligations as of such date owed to either Buyer, shall become immediately due and payable, both as to Purchase Price outstanding and Price Differential, without presentment, demand, protest or notice of any kind, all of which are hereby expressly waived, anything contained herein or other evidence of such Obligations to the contrary notwithstanding. Each Buyer may enforce payment of the same and exercise any or all of the rights, powers and remedies possessed by such Buyer, whether under this Agreement or any other Program Agreement or afforded by applicable law.

Capital Event. On or before September 28, 2001, or such earlier date identified in the Business Plan (as defied hereinafter) as the date by which the Borrower requires additional liquidity, the Borrower shall consummate the Type A Capital Event; it being understood that the failure to consummate the Type A Capital Event required pursuant to this Section 4.1 shall, without the necessity of any further action by any party, constitute an Event of Default. Notwithstanding anything to the contrary set forth in the Credit Agreement, the net cash proceeds from the Type A Capital Event shall he applied to prepay Revolving Credit Loans, but shall not reduce the Revolving Credit Commitments.

Capital Event. ▇▇▇▇ ▇▇▇▇▇ has not provided written notice to Sellers and Administrative Agent of the occurrence of a Capital Event.

Capital Event. The occurrence from time to time of an equity or debt offering by Borrower (which shall specifically exclude stock issued in connection with a dividend reinvestment plan), a Disqualifying Environmental Event, or if an Encumbrance, Imposition or Lien arises against an Approved Asset.

Capital Event. The borrowing of any funds by the Company or the placement of new or additional financing securing all or any portion of a Property or any interest therein; the refinancing of any existing or new financing upon all or any portion of a Property or any interest therein; or the sale, exchange, condemnation, casualty loss or other disposition (whether voluntary or involuntary) of all or any portion of the Properties or any interest therein (including any disposition in consideration for securities in any real estate investment trust or other entity), other than leases of space and dispositions of personal property in the ordinary course of business.

Capital Event. ▇▇▇▇ ▇▇▇▇▇ has not provided written notice to Seller and Administrative Agent of the occurrence of a Capital Event. If any condition specified in this Section 5.03 shall not have been fulfilled when and as required to be fulfilled, this Agreement may be terminated by the Administrative Agent and the Buyers by notice to PMC and to PMH at any time at or prior to the Effective Date, and neither the Administrative Agent nor any Buyer shall incur any liability as a result of such termination.