Required Equity Contribution. If at any time prior to the Discharge Date (i) a Rating Event occurs and (ii) the Company delivers to each Holder of a Note an Offer to Repay Notice pursuant to Section 8.1.3(b) of the Note Purchase Agreement and the Company receives from any Holder of a Note a written notice under Section 8.1.3(b) of the Note Purchase Agreement accepting the Company’s Offer to Repay pursuant to Section 9.23 of the Note Purchase Agreement (a “Purchase Notice”), the Contributor shall make, or cause to be made, an Equity Contribution (the “Required Equity Contribution”), in accordance with the mechanics set forth in Section 2.2, in an amount equal to the principal amount of Notes plus accrued interest specified in the Purchase Notice.
Required Equity Contribution. Borrower shall have provided evidence satisfactory to Lender that it has made the Required Equity Contribution.
Required Equity Contribution. The Seller shall maintain in the Buyer the Required Equity Contribution.
Required Equity Contribution. The Borrower, Atomic and Southwestern Production Corp shall have received cash contributions from COPL on terms and conditions satisfactory to the Administrative Agent on or prior to the Closing Date in an amount equal to at least $9,000,000.
Required Equity Contribution. (a) In satisfaction of the condition precedent to each Disbursement Date (including the Initial Disbursement Date) under the Credit Agreement, each Pledgor on a several basis, shall (i) make (or cause to be made) Shareholder Contributions or (ii) notify the Administrative Agent to make draws under any Required Equity Credit Support in an aggregate amount equal to its Maximum Available Equity Contribution Amount to the Borrower to the extent necessary to cause the Debt to Equity Ratio to be not greater than 65:35 as of each Disbursement Date. For the avoidance of doubt, the obligations in this Section 2.01 are in furtherance of Section 6.03(j) of the Credit Agreement.
(b) On or prior to the time of delivery by the Borrower of each Borrowing Certificate pursuant to the Credit Agreement, in the event that the relevant Borrowing shall cause the Debt to Equity Ratio to exceed 65:35 on the requested Disbursement Date (as certified to the Administrative Agent by the Borrower in such Borrowing Certificate), the Borrower shall deliver to each Pledgor (with a copy to the Administrative Agent) a Required Equity Contribution Request setting forth the amount of the Required Equity Contribution to be made by such Pledgor to cause the Debt to Equity Ratio to equal 65:35; provided, that the failure of the Borrower to deliver such a Required Equity Contribution Request shall not relieve any Pledgor of its obligations under this Section 2.01.
(c) To the extent that the Required Equity Contribution has not been funded in full prior to the Initial Disbursement Date, in satisfaction of the condition precedent to the Initial Disbursement Date pursuant to Section 6.02(k) of the Credit Agreement, each of the Pledgors shall provide an Equity Letter of Credit, in an amount equal to its Maximum Available Equity Contribution Amount as of the Initial Disbursement Date to support its obligations to thereafter fund its Shareholder Percentage of the Required Equity Contribution to the Borrower.
Required Equity Contribution. Sections 6.2 of the Senior Loan Agreement and the Bridge Loan Agreement are hereby modified to provide that the Borrower’s Required Equity Contribution may be made by way of proceeds of the Second Mezzanine Loan.
Required Equity Contribution. An Equity Contribution, at all times prior to the Termination Date, of at least $75,000,000. Required Equity Shortfall: On any day, the positive difference, if any, of (a) the Required Equity Contribution on such day minus (b) the actual amount of the Equity Contribution as of such day.
Required Equity Contribution. Borrower has made all Required Equity Contributions required to date, including, without limitation Borrower's initial Required Equity Contribution.
Required Equity Contribution. For each Approved Investment, Borrower shall contribute to the equity of the applicable Subsidiary at least Five Percent (5%) of the Cash Outlay for such Approved Investment before Subordinated Lender shall be obligated to make the Initial Property Funding for such Approved Investment. Thereafter, assuming Borrower continues to comply with the applicable Loan Application, further funds for such Approved Investment are anticipated to be provided: (a) Five Percent (5%) by application from time to time of Borrower's equity contribution to the affected Subsidiary;
Required Equity Contribution. If the Sponsor Guaranty Termination Date occurs on June 15, 2024, and, as of such date, the Agent determines in its reasonable discretion that Liquidity as of such date does not exceed $16,000,000, Guarantor agrees, within one (1) Business Day of Agent’s written request, to make a cash contribution to the Borrowers in immediately available funds, on a dollar-for-dollar basis in an amount (net of all costs and expenses related thereto) necessary to cause Liquidity to equal $16,000,000 on a pro forma basis after giving effect to such contribution and shall provide Agent with documentation reasonably satisfactory to Agent evidencing such contribution. For the avoidance of doubt, the requirements of this Section 8(i) shall survive the termination of this Agreement. MidCap / Rubicon / Sponsor Guaranty 9
