Contingent Equity Contributions. In addition to the Primary Equity Contributions described in Section 2.1 above, the Equity Investor hereby agrees to make additional capital contributions to each Borrower in immediately available funds as follows:
Contingent Equity Contributions. Subject to the terms and conditions hereof, the Parent hereby agrees to make equity contributions to the Borrower (each such contribution, a “Contingent Equity Contribution”) from time to time until the Support Termination Date in an aggregate amount up to but not exceeding the Contingent Equity Contribution Amount. Contingent Equity Contributions shall be provided by the Parent from time to time, only (A) following the funding in full of the Base Equity Contribution Amount and the full utilization of the Term Loan Commitments, in such amounts that, when added to the amount then on deposit in the Construction Account, are sufficient to enable the Borrower to pay Project Costs then due and payable or anticipated to be due and payable through and including the immediately succeeding Transfer Date and (B) upon the occurrence and continuance of an Acceleration Event in an amount equal to the Accelerated Contribution Amount on the applicable Funding Date. (iv)
Contingent Equity Contributions. The Borrower may, from time to time, demand that the Sponsor make, and upon such demand the Sponsor shall make or shall cause the Parent to make, Equity Contributions, consisting of Cash Contributions, in accordance with Section 2.03 (Mechanics for Requesting Advances) when and in the amounts set forth below:
Contingent Equity Contributions. (a) If, and only if, on November 1, 2009, the then outstanding Exposure under the CSRA exceeds the Target Exposure for such date (the “Additional Contribution Trigger”), Parent shall within two (2) Business Days of such date, make a capital contribution in cash to RERH equal to $250,000,000 (“Additional Contribution”). Parent hereby acknowledges that any Additional Contribution to RERH hereunder, subject to the occurrence of the Additional Contribution Trigger or an Accelerated Contribution Event, (i) is absolute and irrevocable, without recourse, without reservation or retention of any interest whatsoever by Parent and (ii) shall be required to be contributed by Parent regardless of whether the amount of such Additional Contribution would be sufficient to reduce Exposure under the CSRA to the amount required for such date in the ESDS. RERH hereby irrevocably directs Parent to make all Additional Contributions directly to the account of MLCI in accordance with Section 6.18 of the CSRA.
Contingent Equity Contributions
