October 4th, 2010, 2:46 pm
Taken by itself the monetization clause sounds like a version of the typical "investments may be cashed out only upon the occurence of a XXX event", with "XXX" being specifically defined elsewhere to include things such as a merger into another entity, a wholesale disposition of the assets, a large refi...etc. Check the definitional section of the plan for "enterprise transaction"; you may find it to be a term that describes such 'capital' events.But, its placement within a paragraph that discusses the investors putting up their balance sheets to backstop the financing seems out of place, unless it's just a bullet-point listing of things a would-be investor needs to know.