Required Equity Contribution Sample Clauses
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 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. If a Project Cost Overrun exists on such Borrowing Date, the Borrower shall have received the Required Equity Contribution and shall have deposited the entirety of the Required Equity Contribution in the Revenue Account.
Required Equity Contribution. The Seller shall maintain in the Buyer the Required Equity Contribution.
Required Equity Contribution. (i) The Equity Contribution Amount shall have been irrevocably paid in cash and in full to the Borrower by way of a cash contribution from the Pledgors and shall have been deposited into the Construction Account, and such amount shall have been used to pay for Project Costs. Notwithstanding the previous sentence, the Equity Contribution Amount shall be deemed contributed to the Borrower if evidence of payment satisfactory to the Agent and the Independent Engineer of Project Costs by or on behalf of the Borrower shall have been received by the Agent and the Independent Engineer and the Agent and the Independent Engineer shall have received copies of all invoices and other evidence of Project Costs paid with the Equity Contribution Amount and such documentation shall be in form and substance satisfactory to the Agent and Independent Engineer.
(ii) If the aggregate Project Costs reasonably expected to be incurred by or on behalf of the Borrower through the Funding Date exceed the Equity Contribution Amount, the Borrower may include in the initial borrowing request a request for funds to be utilized for reimbursement to the Borrower or the Pledgors for the portion of Project Costs reasonably expected to be expended by or on behalf of the Borrower in excess of the Equity Contribution Amount. If such initial borrowing request contains an estimate of Project Costs to be incurred between the date of submission of such borrowing request and the Funding Date (“Estimated Amounts”), at least two Business Days before the Funding Date the Borrower shall provide to the Agent and the Independent Engineer copies of all invoices and other evidence satisfactory to them that such Estimated Amounts have been used to pay for Project Costs. The Independent Engineer shall confirm the use of Estimated Amounts by providing the certificate attached as Exhibit C-1 dated as of the Funding Date. If the Independent Engineer does not confirm the use of the Estimated Amounts as of the Funding Date, the Estimated Amounts (A) shall be deposited into the Construction Account, (B) shall not be eligible for a Restricted Payment and (C) will be used to reduce the amount the Borrower would otherwise be entitled to borrow in its next borrowing. For the avoidance of doubt, this clause (ii) relates only to amounts in excess of the Equity Contribution Amount, and nothing in this clause (ii) shall be deemed to alter the requirement in clause (i) above that the Equity Contribution Amount be fully and ...
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. The Issuer shall have (directly or indirectly) received the proceeds of a cash equity contribution from Parent in an aggregate cash amount of not less than $15,516,093.64 (the “Parent Equity Contribution”).
Required Equity Contribution. With respect to the second Credit ---------------------------- Extension Request consisting of Loans, the Borrower shall have certified that the entire Required Equity Contribution shall have been made by or on behalf of Mid-Atlantic Holdings to the Borrower. Such certification shall indicate that the proceeds thereof have been used to finance System Activities in accordance with the Capital Budget or otherwise in a manner satisfactory to the Majority Lenders. The Lead Agents may request and the Borrower shall provide, if so requested, evidence that reasonably demonstrates that such proceeds were used to finance System Activities in accordance with the Capital Budget.
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