Equity Contribution Agreement. A true and correct copy of the ----------------------------- Equity Contribution Agreement has been provided to Sellers. The execution and delivery of the Equity Contribution Agreement by WPSR Capital and PDI and the consummation of the transactions contemplated thereby has been duly and validly authorized by all necessary corporate or other action required on the part of each of WPSR Capital and PDI. The Equity Contribution Agreement has been duly and validly executed and delivered by each of WPSR Capital and PDI and constitutes the legal, valid and binding obligations of each of WPSR Capital and PDI enforceable against each of WPSR Capital and PDI in accordance with its terms, except that such enforceability may be limited by applicable bankruptcy, insolvency, reorganization, fraudulent conveyance, moratorium or other similar laws affecting or relating to enforcement of creditors' rights generally and general principles of equity (regardless of whether enforcement is considered in a proceeding at law or in equity).
Equity Contribution Agreement. The Company shall cause the Equity Contribution Agreement to remain in full force and effect; provided that the foregoing will not prohibit the Equity Contribution Agreement not remaining in full force and effect if the rating assigned to the Notes by S&P and Mxxxx’x is not downgraded from the rating assigned to the Initial Notes on the Issue Date by either S&P or Moody’s as a result of (whether solely or in combination with other events) the Equity Contribution Agreement not being in full force and effect.
Equity Contribution Agreement. Following the Closing, Acquiror will cooperate with XXX to terminate that certain Equity Contribution Agreement, dated July 16, 2024, between XXX and TUM 1, and the Seller will cause XXX to cooperate with Acquiror to support any replacement conditions to the extent necessary.
Equity Contribution Agreement. Within thirty (30) days following the Effective Date, Investor shall deliver an initial draft of the Equity Contribution Agreement to the Concessionaire and the Authority based upon the terms and conditions set forth in the Equity Contribution Agreement Term Sheet. The Concessionaire and Investor shall use Reasonable Efforts to negotiate the final form of the Equity Contribution Agreement during the Development Phase.
Equity Contribution Agreement. Upon the application of the proceeds from the sale of the Purchased Shares as set forth in Section 5.03, EXCO will have no further contribution obligations to EPOP under the Equity Contribution Agreement and such agreement will be terminated.
Equity Contribution Agreement. To induce the Company to enter into an Investment Agreement, dated as of September 26, 2008 (including the exhibits attached thereto and as amended, restated, supplemented or otherwise modified from time to time in accordance with its terms, the “Investment Agreement”), by and between IBC Investors I, LLC, a Delaware corporation (“Parent”), and the Company, pursuant to which Parent agrees to, among other things, purchase shares of New Common Stock and New Convertible Debt, and the Company agrees to issue Series A Warrants to Parent, in each case on the terms and subject to the conditions set forth or referred to in the Investment Agreement, the Contributor hereby unconditionally and irrevocably commits to the Company, on the terms and conditions set forth or referred to herein, to make an equity contribution to Parent in cash to the extent of the payment obligations due from Parent from time to time under the Investment Agreement, including any Parent obligation to pay damages for a breach by Parent of the Investment Agreement (the “Obligations”); provided, however, that the maximum amount payable by the Contributor under this Equity Contribution Agreement shall in no event exceed $130,000,000 (the “Cap”; the Obligations, as limited by the Cap, the “Covered Obligations”), it being understood that the Company will not seek to enforce this Equity Contribution Agreement without giving effect to the Cap. It is understood and agreed that, in lieu of requiring the Contributor to make an equity contribution to Parent in cash, at the election of the Company, the Contributor will be required to pay directly to the Company the full amount of the Covered Obligations that is due and payable hereunder, in which event such payments shall be credited and applied towards the Covered Obligations and the obligations of the Contributor under this Equity Contribution Agreement (and of Parent under the Investment Agreement) shall be deemed satisfied to the extent of such payments.
Equity Contribution Agreement. Purchaser acknowledges that the obligations of Parent under the DCC Reimbursement Agreement are obligations for which equity contributions are available under the Equity Contribution Agreement. Purchaser agrees not to permit the waiver, modification or amendment of the Equity Contribution Agreement without prior written consent of DCC (which consent shall not be unreasonably withheld unless such waiver, modification or amendment would reasonably be expected to reduce the availability of the Equity Contribution Agreement to support Parent's obligations under the DCC Reimbursement Agreement, in which case such consent may be withheld for any reason, or without any reason, in DCC's sole discretion). Purchaser acknowledges and agrees that, with respect to Purchaser's obligations under the Equity Contribution Agreement, DCC shall be a third-party beneficiary of the Equity Contribution Agreement, and Purchaser agrees that if the amounts available to Parent under the Equity Contribution Agreement are insufficient to provide the support necessary for each of the Facilities (as defined in the Equity Contribution Agreement) needing support, Purchaser shall not permit Parent to use the funds provided under the Equity Contribution Agreement in a manner that would disproportionately benefit the other Project Partnerships to the detriment of the Company or DCC. Purchaser agrees that it shall not be released from its obligations under the Equity Contribution Agreement unless (i) (A) such obligations are assumed by a Person that has a Credit Rating of at least BBB from S&P, or (B) such Person secures such obligations with a letter of credit meeting the requirements of Section 2.4(a) of the Equity Contribution Agreement and (ii) such Person assumes Purchaser's obligations, and provides the stipulations and agreements provided by Purchaser, under this paragraph (h).
Equity Contribution Agreement. The Equity Contribution Agreement, duly executed and delivered by the Sponsor, each Member and the Administrative Agents pursuant to which the Sponsor shall have agreed to make capital contributions, subject to the terms and conditions thereof, to the Borrower, either directly or indirectly through the Members, in an aggregate amount of not less than $474,376,000.
Equity Contribution Agreement. Obliges the owners of the power plant project company to make equity or subordinated debt contributions to finance the portion of the power plant not being financed by the lenders. It may also include obligations to provide additional financial support to the project company if required.
Equity Contribution Agreement. The Contribution Agreement dated as of the Closing Date between the Sole Member, the Issuer, the Trustee and the Collateral Manager.
