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 Base Equity Percentage or Funded Overrun Equity Percentage of any Equity Contributor may, by giving written notice to the Collateral Agent and Loan Servicer, be revised from time to time, to the extent permitted by the Operating Agreement for the Master Holding Company.

• As security for the payment and performance of its obligations under this Agreement and the other Secured Obligations, BrightSource Ivanpah hereby grants to the Collateral Agent, for itself and on behalf of and for the ratable benefit of the other Secured Parties, a first priority perfected security interest in the Supplemental Base Equity Funding Account and all proceeds thereof (the “Supplemental Base Equity Collateral”).

• 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 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).

• Without limiting the Sponsor’s obligations under Section 2.2.1, the obligations of each Equity Contributor under this Agreement shall be in proportion to such Equity Contributor’s Base Equity Percentage (for matters concerning Base Equity) or Funded Overrun Equity Percentage (for matters concerning Funded Overrun Equity).

More Definitions of Base Equity

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

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 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. 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 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 the aggregate amount of Equity Contributions required to be made to the Borrower by or on behalf of the Equity Investor in respect of the Base Equity Commitment.