Contingent Equity Contributions Sample Clauses

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.
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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: (i) On the first Business Day of each month, an amount equal to any reduction in the Monthly Liquefaction Charge set forth in the invoice for such Monthly Liquefaction Charge pursuant to Section 10.1(b)(ii) of the applicable LNG Purchase Agreement and (ii) on the Business Day following the date that any Take or Pay Payment Obligation is not paid by the LNG Purchaser when due in accordance with the applicable LNG Purchase Agreement, in an amount equal to such unpaid Take or Pay Payment Obligation (each such capital contribution, an “LNG Purchase Agreement Equity Contribution”). Each LNG Purchase Agreement Equity Contribution shall be deposited directly into the applicable Project Revenues Collection Account and shall be applied in accordance with the terms of the Collateral Account Agreement. (b) On or prior to the date that such Borrower is expected to be unable to make a payment under any Project Document due to a mismatch in the timing of payments expected to be received under other Project Documents, in an amount equal to the amount required to be paid (each such capital contribution, a “WC Equity Contribution”). Each WC Equity Contribution shall be deposited directly into the applicable Operating Account and shall be applied in accordance with the terms of the Collateral Account Agreement. (c) On or prior to the date that any payment is required to be made for the acquisition, purchase, construction or completion of any capital expenditure required to be made by such Borrower to a Project in order to comply with any Law (other than any such capital expenditure provided for as a Project Cost in the Construction Budget for such Project or any payment for which an insurance or warranty provider has assumed responsibility), in an amount equal to such required payment (each such capital contribution, a “CapEx Equity Contribution”). Each CapEx Equity Contribution shall be made by direct payment to the Person to whom such payment is due. The Equity Investor shall promptly provide a copy of each payment requisition or invoice with respect to such capital expenditure, together with evidence of making each such payment, to the Administrative Agent.
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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. (b) If, and only if, on October 31, 2010, either (i) the Exposure under the CSRA is in excess of zero or (ii) the Credit Sleeve Termination Date has not occurred (either of (i) or (ii), a “Final Contribution Trigger”), Parent shall on such date make a capital contribution in cash to RERH in an amount sufficient to permit RERH to reduce Exposure under the CSRA to zero on such date and to the extent necessary to cause the Credit Sleeve Termination Date to occur on such date (“Final Contribution” and together with any Additional Contribution, the “Contingent Equity Contributions”); provided, that Parent shall not be obligated to contribute an amount under this clause (b) in excess of $400 million (“Maximum Amount of the Final Contribution”). Parent hereby acknowledges that the Final Contribution to RERH hereunder, subject to the occurrence of the Final 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 Final Contribution would be sufficient to reduce Exposure under the CSRA to zero or to cause the Credit Sleeve Termination Date to occur. RERH hereby irrevocably directs Parent to make the Final Contribution directly to the account of MLCI in accordance with Section 6.18 of the CSRA. (c) To the extent required by law or otherwise, the Parent, NRG Retail, RERH ...
Sample 1
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: (i) On the first Business Day of each month, an amount equal to any reduction in the Monthly Liquefaction Charge set forth in the invoice for such Monthly Liquefaction Charge pursuant to Section 10.1(b)(ii) of the applicable LNG Purchase Agreement and (ii) on the Business Day following the date that any Take or Pay Payment Obligation is not paid by the LNG Purchaser when due in accordance with the applicable LNG Purchase Agreement, in an amount equal to such unpaid Take or Pay Payment Obligation (each such capital contribution, an “
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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:
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Contingent Equity Contributions 
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Related to Contingent Equity Contributions

  • Equity Contributions Make, or permit any Significant Subsidiary to make, any equity contributions to any Unregulated Subsidiary; provided, however, that this Section 5.03(h) shall not restrict or otherwise apply to (i) any such equity contributions that are required by Applicable Law or court order or (ii) any intercompany advances made to any Unregulated Subsidiary (including, without limitation, pursuant to the Unregulated Money Pool Agreement) that are recharacterized by a court or other Governmental Authority as equity contributions.

  • Equity Contribution Prior to or substantially concurrently with the initial funding of the Loans hereunder, the Equity Contribution shall be consummated.

  • Investment of Contributions At the direction of the Depositor (or the direction of the beneficiary upon the Depositor's death), the Custodian shall invest all contributions to the account and earnings thereon in investments acceptable to the Custodian, which may include marketable securities traded on a recognized exchange or "over the counter" (excluding any securities issued by the Custodian), covered call options, certificates of deposit, and other investments to which the Custodian consents, in such amounts as are specifically selected and specified by the Depositor in orders to the Custodian in such form as may be acceptable to the Custodian, without any duty to diversify and without regard to whether such property is authorized by the laws of any jurisdiction as a trust investment. The Custodian shall be responsible for the execution of such orders and for maintaining adequate records thereof. However, if any such orders are not received as required, or, if received, are unclear in the opinion of the Custodian, all or a portion of the contribution may be held uninvested without liability for loss of income or appreciation, and without liability for interest pending receipt of such orders or clarification, or the contribution may be returned. The Custodian may, but need not, establish programs under which cash deposits in excess of a minimum set by it will be periodically and automatically invested in interest-bearing investment funds. The Custodian shall have no duty other than to follow the written investment directions of the Depositor, and shall be under no duty to question said instructions and shall not be liable for any investment losses sustained by the Depositor.

  • Payment of Contributions The College and eligible academic staff members of the plan shall each contribute one-half of the contributions to the Academic and Administrative Pension Plan.

  • Additional Funds and Capital Contributions 30 SECTION 4.4 NO INTEREST; NO RETURN................................................................... 31 SECTION 4.5 NOTE DEFICIENCY CAPITAL CONTRIBUTION..................................................... 31

  • Additional Capital Contributions No Member shall be required to make additional capital contributions. A Member may make additional capital contributions to the Company.

  • Member Capital Contributions (Check One)

  • City Contribution The City agrees to maintain health and dental benefits at present levels for the life of the Agreement.

  • Catch-Up Contributions In the case of a Traditional IRA Owner who is age 50 or older by the close of the taxable year, the annual cash contribution limit is increased by $1,000 for any taxable year beginning in 2006 and years thereafter.

  • Initial Contributions The Members initially shall contribute to the Company capital as described in Schedule 2 attached to this Agreement.

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