Base Equity Commitment definition

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

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

Examples of Base Equity Commitment in a sentence

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

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

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

Base Equity Commitment. The obligation of the Equity Investor under the Equity Funding Agreement to fund (i) 21% of all Eligible Base Project Costs, and (ii) 100% of all Ineligible Base Project Costs, in an aggregate minimum amount of $34,176,826.

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 USD44,974,150, which comprises the Core Base Equity Commitment and the Top-Up Base Equity Commitment.

Base Equity Commitment means the commitment of Nalcor to invest in the Partnership, directly or through one or more of its Subsidiaries, in order to fund the Equity Rateable Share of the Project Costs, the amount of such investment to be indicated in Schedule "BB" of the LIL Project Finance Agreement;

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