Common use of Base Equity Contributions to Borrower Clause in Contracts

Base Equity Contributions to Borrower. Not later than the date on which the applicable Base Equity Contribution is required to be made pursuant to Section 2.4.2 of the Common Agreement (the “Base Equity Contribution Date”), each Equity Contributor shall cause its share of each Base Equity Contribution, in an amount equal to the product of (x) the Base Equity Percentage for such Equity Contributor, and (y) the aggregate Base Equity Contributions required on the applicable Base Equity Contribution Date, to be made to the Borrower, provided that no Equity Contributor shall be obligated to make Base Equity Contributions in excess of its Individual Base Equity Commitment Balance. Base Equity Contributions may be made by:

Appears in 7 contracts

Samples: Equity Funding Agreement, Equity Funding Agreement (BrightSource Energy Inc), Equity Funding Agreement (BrightSource Energy Inc)

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