Base Equity Commitment definition

Base Equity Commitment means the obligation of each Equity Contributor to make Base Equity Contributions in accordance with this Agreement.

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Base Equity Commitment means the obligation of the Investors under the Equity Funding Agreement to fund an aggregate amount equal to the difference between (x) Base Project Costs, less (y) the amount of the DOE-Guaranteed Loan.

Base Equity Commitment has the meaning given to such term in the Sponsor Support Agreement.

Examples of Base Equity Commitment in a sentence

• No Equity Contributor’s commitment under this Section 2.1.1 (its “Individual Base Equity Commitment Balance”) can be less than zero.

• To the extent an Equity Contributor makes a Base Equity Contribution, such Equity Contributor’s Individual Base Equity Commitment Balance shall be reduced accordingly.

• If at any time the amount of an Equity Contributor’s Base Equity Commitment Balance Security is greater than such Equity Contributor’s Individual Base Equity Commitment Balance, such Equity Contributor’s Base Equity Commitment Balance Security may be accordingly reduced.

• 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).

More Definitions of Base Equity Commitment

Base Equity Commitment. The obligation of the Borrower and the Sponsor to fund (i) 37.5% of all Eligible Base Project Costs, and (ii) 100% of all Ineligible Base Project Costs.

Base Equity Commitment means, with respect to each Direct Shareholder, [*]. The aggregate amount of the Base Equity Commitments of the Direct Shareholders is [*].

Base Equity Commitment means the aggregate of the Minimum Equity Commitment and the Additional Equity Commitment.

Base Equity Commitment means any Sponsor’s obligation to provide Contributed Base Equity pursuant to paragraph (a) of Clause 4.1 (Contributed Equity Undertaking).

Base Equity Commitment means the commitment by Wynn Resorts to ensure the provision of Base Equity to the Company pursuant to Clause 2.2.2 of the Wynn Resorts Support Agreement.

Base Equity Commitment means one billion one hundred ninety-five million nine hundred twenty-five thousand eight hundred and ninety-nine Dollars ($1,195,925,899).

Base Equity Commitment means the commitment by Wynn Resorts to ensure the provision of Base Equity to the Company pursuant to clause 2.2.2 of the Wynn Resorts Support Agreement.