Base Equity Amount definition

Base Equity Amount means an amount equal to the sum of (i) $89,750,000, plus (ii) the Preferential New Equity Amount.

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Base Equity Amount means with respect to each Contributed Development Asset the sum of (1) the Contributed Equity Value of the Contributed Development Asset, (2) the amount of any debt encumbering the Contributed Development Asset, (3) the amount of any additional equity capital contributed by Acquirer or the New Operating Partnership to the Contributed Development Asset in order to obtain permanent financing of the project, and (4) an amount equal to 8.0% of the additional equity capital referred to in clause (3) above with respect to the Contributed Development Asset, compounded annually.

Base Equity Amount means, as applicable:

Examples of Base Equity Amount in a sentence

BrightSource Ivanpah irrevocably commits (i) to provide to the Borrower, directly or indirectly, 100% of the Supplemental Base Equity Amount, and (ii) to pay amounts up to the Supplemental Base Equity Commitment Balance from time to time on any Supplemental Base Equity Contribution Date.
Each Equity Contributor irrevocably commits to provide to the Borrower, directly or indirectly, in accordance with Section 2.3.1, its share of the Aggregate Base Equity Commitment Balance in an amount determined by the following formula: where A = such Equity Contributor’s Base Equity Percentage, B = the Aggregate Base Equity Amount, and C = the aggregate amount of such Equity Contributor’s prior Base Equity Contributions (excluding the amount of any Approved Pre-Closing Equity Credit).
The obligation to fund the Sponsor Base Equity Amount shall be independent of the shareholding of the Sponsor in the Concessionaire.
The obligation to fund the Sponsor Base Equity Amount shall be independent of the shareholding of the Sponsor(s) in the Concessionaire.
Permit Net Worth, measured as of the last day of any calendar quarter, to be less than the sum of (i) the Base Equity Amount (as defined below), plus (ii) the lesser of (A) a cumulative amount equal to fifty percent (50%), if positive, zero percent (0%), if negative, of Net Income for each fiscal year ending after September 19, 1997 and (B) $75,000,000.
Each Equity Contributor irrevocably commits to provide to the Borrower, directly or indirectly, in accordance with Section 2.3.1, its share of the Aggregate Base Equity Commitment Balance in an amount determined by the following formula: (A * B) - C where A = such Equity Contributor’s Base Equity Percentage, B = the Aggregate Base Equity Amount, and C = the aggregate amount of such Equity Contributor’s prior Base Equity Contributions (excluding the amount of any Approved Pre-Closing Equity Credit).
Make, declare, pay or set aside for payment any dividend on or in respect of, or declare or make any distribution on any shares of its stock that would cause the Bank’s Equity Amount to be less then the Base Equity Amount as of the Determination Date or declare, pay or set aside for payment any dividend after the Determination Date, or directly or indirectly adjust, split, combine, redeem, reclassify, purchase or otherwise acquire, any shares of its stock.
Administrative Agent shall have received the Noble Base Equity Letter of Credit or Borrower (or any of its Affiliates on its behalf) shall have deposited cash to the Construction Account in the amount equal to the positive difference, if any, between (a) the Noble Base Equity Amount and (b) the Noble Construction Equity Amount.
The Sponsor Base Equity Amount and the GOB Equity shall be funded and utilized from time to time in accordance with the Equity Funding & Utilization Agreement.

More Definitions of Base Equity Amount

Base Equity Amount means the amount set out in the Financial Model; GoS Remedy Invoice shall have the meaning ascribed thereto in Section 18.2.3; GoS Remedy Amount shall have the meaning ascribed thereto in Section 18.2.3; GoS Revenue Share means the Revenues to be shared with GoS by the Concessionaire in terms of the Revenue Sharing Agreement, as set out in the Base Case Financial Model. Government Authority (ies) means the Government of Pakistan, the Government of Sindh, any governmental department, commission, board, body, bureau, agency, authority, instrumentality, court or other judicial or administrative body having jurisdiction over the Concessionaire, the Project, Concession Assets Project Site, the Concession Assets or any part thereof, or the performance of all or any of the services or obligations of the Concessionaire under or pursuant to this Agreement; Growers shall have the meaning ascribed to it in the Sindh Wholesale Agriculture Produce Markets (Development and Regulation) Act, 2010; Grower’s Shed means the auction sheds for growers of the dates, fruits and vegetables, located in the Market;

Base Equity Amount means the aggregate equity investment from the Shareholders from time to time being the aggregate amount paid in consideration for the issue of equity share capital, share premium account, retained earnings of the Company and the aggregate principal amount of subordinated loans made available to the Company.

Base Equity Amount means the sum of (1) $136,000,000 minus (2) an amount equal to the lesser of (x) $50,000,000 and (y) the net reduction in Net Worth after December 31, 1997 attributable to Borrower's sale, issuance or repurchase of its capital stock." SECTION 2.02. AMENDMENT TO SECTION 6.11. Section 6.11 of the Existing Credit Agreement is deleted in its entirety. ARTICLE III CONDITIONS TO EFFECTIVENESS SECTION 3.

Base Equity Amount means a Shareholder Contribution in the amount equal to (i) US$163,000,000 less (ii) the aggregate amount contributed to the Borrower by way of equity by the shareholders of the Borrower (other than the Shareholder) since Financial Close pursuant to the exercise of their respective pre-emptive rights.

Base Equity Amount means twenty-nine million two hundred forty-six thousand dollars ($29,246,000).

Base Equity Amount means $20,457,000.