Equity Contributions; Cap Clause Samples

Equity Contributions; Cap. Upon demand from time to time by Warehouse in a written notice delivered to the Sponsor (such notice, a “Contribution Notice”), the Sponsor shall make contributions or cause to be contributed to Warehouse funds in the amount so requested therein within five (5) Business Days following receipt, which amount in the aggregate shall not exceed $[ ]1 (as reduced from time to time in accordance with the immediately succeeding sentence, the “Cap”). The Cap shall be automatically reduced by an amount equal to (i) all contributions made (or caused to be made) by the Sponsor hereunder and any Equity Contributions otherwise made to Warehouse or any Subsidiary, in respect of the Project, by the Sponsor or its Affiliates (other than Warehouse and its Subsidiaries) after the date hereof and (ii) if Tax Equity Documents in respect of the Project which either (A) meet all applicable requirements in the Minimum Criteria or (B) are otherwise reasonably acceptable to the Required Lenders, have not been entered as of the date hereof, the aggregate amount committed to be contributed or paid by any Tax Equity Investor in respect of the Project pursuant to any such Tax Equity Documents constituting Permitted Tax Equity Arrangements upon the delivery of true, correct and complete copies of such Tax Equity Documents to the Administrative Agent.