Common use of Capitalization of Borrower Clause in Contracts

Capitalization of Borrower. On or before the Closing Date, Company shall have contributed to Borrower and other Subsidiaries of Company, as common equity, all of the net proceeds received by Company from the sale of all equity and bond offerings by Company and its Subsidiaries prior to such date.

Appears in 2 contracts

Sources: Credit and Guaranty Agreement (Allegiance Telecom Inc), Credit and Guaranty Agreement (Allegiance Telecom Inc)