Equity Funding Commitments and Minimum Funded Amount Sample Clauses

Equity Funding Commitments and Minimum Funded Amount. (i) The aggregate amount of equity commitment support securing the unfunded amount of equity funding commitments (before giving effect to any Equity Funding as of the Initial Closing Date) is equal to at least $2,000,000,000 and the Intercreditor Agent shall have been provided a copy of each equity commitment document; (ii) Plaquemines Holdings shall have indirectly made, or made arrangements to indirectly make, substantially concurrently with the Initial Closing Date, an equity contribution in an amount equal to at least $1,250,000,000 pursuant to an initial equity contribution agreement in accordance with the Funds Flow Memorandum delivered in accordance with Section 4.1(dd) (Funds Flow Memorandum); and (iii) the Senior Debt/Equity Ratio shall be no greater than 75:25 after giving effect to any Equity Funding and borrowing of Term Loans on the Initial Closing Date;
Sample 1Sample 2
AutoNDA by SimpleDocs
Equity Funding Commitments and Minimum Funded Amount. (i) At least $1,667,029,445.58 shall have been contributed to the Borrower on the Upsize Closing Date and deposited into the Construction Account (as verified by the Account Bank) concurrently with the consummation of the transactions contemplated by the Transaction Documents; and (ii) the Senior Debt/Equity Ratio shall be no greater than 75:25 after giving effect to any Equity Funding on the Upsize Closing Date;
Sample 1Sample 2

Related to Equity Funding Commitments and Minimum Funded Amount

  • Term The term of this Agreement will be ten (10) years from the Effective Date (as such term may be extended pursuant to Section 4.2, the “Term”).

  • Dimensions Education Bachelor’s or Master’s Degree in Computer Science, Information Systems, or other related field. Or equivalent work experience. A minimum of 5 years of IT work experience with demonstrated knowledge in architecture design, software development, database management systems and systems integration in multi-platform environments.

  • Representations and Warranties Borrower represents and warrants as follows:

  • Definitions As used in this Agreement, the following terms shall have the following meanings:

  • Insurance The Company and the Subsidiaries are insured by insurers of recognized financial responsibility against such losses and risks and in such amounts as are prudent and customary in the businesses in which the Company and the Subsidiaries are engaged, including, but not limited to, directors and officers insurance coverage. Neither the Company nor any Subsidiary has any reason to believe that it will not be able to renew its existing insurance coverage as and when such coverage expires or to obtain similar coverage from similar insurers as may be necessary to continue its business without a significant increase in cost.

  • Termination In the event that either Party seeks to terminate this DPA, they may do so by mutual written consent so long as the Service Agreement has lapsed or has been terminated. Either party may terminate this DPA and any service agreement or contract if the other party breaches any terms of this DPA.

  • WHEREAS the Company desires the Warrant Agent to act on behalf of the Company, and the Warrant Agent is willing to so act, in connection with the issuance, registration, transfer, exchange, redemption and exercise of the Warrants; and

  • Counterparts This Agreement may be executed in two or more counterparts, each of which shall be deemed an original, but all of which together shall constitute one and the same instrument.

  • Entire Agreement This DPA and the Service Agreement constitute the entire agreement of the Parties relating to the subject matter hereof and supersedes all prior communications, representations, or agreements, oral or written, by the Parties relating thereto. This DPA may be amended and the observance of any provision of this DPA may be waived (either generally or in any particular instance and either retroactively or prospectively) only with the signed written consent of both Parties. Neither failure nor delay on the part of any Party in exercising any right, power, or privilege hereunder shall operate as a waiver of such right, nor shall any single or partial exercise of any such right, power, or privilege preclude any further exercise thereof or the exercise of any other right, power, or privilege.

  • Survival The representations and warranties contained herein shall survive the Closing and the delivery of the Securities.

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!