Consummation of Initial Public Offering. Health Care Recoveries, Inc. shall have closed on the sale of its common stock in its initial public offering. As of the time immediately preceding the consummation of the initial public offering of stock of Health Care Recoveries, Inc., the Borrowers shall have had a Net Worth of at least $500,000.
Appears in 2 contracts
Sources: Credit Agreement (Healthcare Recoveries Inc), Credit Agreement (Healthcare Recoveries Inc)