Base Equity definition

Base Equity has the meaning set forth in the Equity Funding Agreement.

Base Equity means the Base Equity Contributions made by or on behalf of the Equity Contributors to the Borrower from time to time in satisfaction of their aggregate Base Equity Commitments.

Base Equity means the aggregate amount of the Equity Payments which has been paid at any relevant time;

Examples of Base Equity in a sentence

• The Guarantor has the option to extend the date for meeting the Base Case Condition into the future by increasing the amount of Base Equity and procuring that such increase benefits from the required credit support.

• BrightSource Ivanpah undertakes to provide directly or indirectly to the Borrower the required amounts of Supplemental Base Equity, on and subject to the terms and conditions of this Agreement.

• Each Equity Contributor, severally in accordance with Section 2.7, undertakes to provide directly or indirectly to the Borrower the required amounts of Base Equity and Overrun Equity, on and subject to the terms and conditions of this Agreement.

• BrightSource Ivanpah agrees that this Agreement shall create a continuing security interest in the Supplemental Base Equity Collateral which shall remain in effect until the termination of the FFB Credit Facility Commitment and payment and performance in full of all Secured Obligations (other than inchoate indemnity obligations).

• Each Equity Contributor’s obligations under this Section 2.3.1 shall expire, and no Equity Investor will have any further obligation to make any Base Equity Contributions, from and after the PPA Required Performance Date.

More Definitions of Base Equity

Base Equity has the meaning given in Section 5.17.1 of the Credit Agreement.

Base Equity means Equity (other than advances under the Subordinated Funding Agreement) in an amount of USD230,000,000 or its equivalent paid up or advanced pursuant to the Base Equity Commitment and including the US dollar equivalent of a minimum of MOP200,000,000 paid up by the Shareholders by way of subscription for shares in the Company.

Base Equity means the aggregate amount of the Equity Payments which has been paid at any relevant time; "Break Costs" means the amount (if any) by which:

Base Equity means, individually, each capital contribution in Dollars made by, or on behalf of, the Equity Contributor to the Borrower either as application of an Approved Pre-Closing Equity Credit or in satisfaction of the Equity Contributor’s obligation, pursuant and subject to Article II, to provide its share of Base Equity Contributions, and, collectively, the aggregate of all such capital contributions to fund Project Costs up to the amount of the Base Equity Commitment.

Base Equity means the Equity to be injected in the Issuer by the Sponsor at the Issue Date as per the Base Case.

Base Equity. The base equity to be contributed by the Sponsor to the Borrower and applied to Base Project Costs, as shown on the Financial Plan.

Base Equity. Equity funding to be provided to the Borrower by the Sponsor (or by the Sponsor through Holdco) prior to the Initial Advance Date, in an amount not less than the Base Equity Commitment. "Base Equity Commitment" The obligation of the Sponsor (or by the Sponsor through Holdco) to fund the sum of (i) the aggregate amount of Eligible Base Project Costs, less the Guaranteed Loan Amount, and (ii) 100% of all Ineligible Base Project Costs, which amount shall be funded on or before the Initial Advance Date by a combination of cash and the maximum amount a beneficiary may draw under one or more Base Equity Letters of Credit (if any) provided by the Sponsor or Holdco; provided that the maximum value of such Base Equity Letters of Credit for purposes of this definition shall not exceed in the aggregate the Base Equity LC Amount.