Base Equity Contribution definition

Base Equity Contribution means Base Equity in an amount equal to, on any Base Equity Contribution Date, an amount sufficient that, after giving effect to the provision of such amount to the Borrower and the disbursement of Advances (if any) scheduled to be made on or before such Base Equity Contribution Date, the Debt-to-Equity Contribution Ratio is not more than 73:27.
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Base Equity Contribution means an Equity Contribution made or required to be made (as the context requires) pursuant to Clause 2.2 (Core Base Equity Commitment), Clause 2.3 (Top-Up Base Equity Commitment), Clause 2.4 (Required Base Equity Contributions) or (to the extent payable in respect of the Unutilised Base Equity Commitment at any time) Clause 4.1 (Right to accelerate).
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Base Equity Contribution shall have the meaning ascribed thereto in Section 2.01(a)(i).
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Examples of Base Equity Contribution 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.

  • Upon the payment by the Parent of each Base Equity Contribution, the Parent shall be deemed to have made an equity contribution to the Borrower in the amount of such portion of the Base Equity Contribution Amount.

  • Prima S.r.l. Base Equity Contribution Agreement, dated February 9, via GE Falck, 63 2001.

  • On the Business Day immediately prior to a Project Cost Funding Date, the Borrower shall direct the Collateral Agent pursuant to a duly delivered Withdrawal Certificate to direct the Securities Intermediary to withdraw from the Equity Account the amount specified as being the Base Equity Contribution due to be made in connection with such Project Cost Funding Date as set out in the related Notice of Project Costs and transfer such amount to the Loan Proceeds Account.

  • On the Business Day immediately prior to a Requested Disbursement Date, the Borrower shall direct the Collateral Agent pursuant to a duly delivered Withdrawal Certificate to direct the Securities Intermediary to withdraw from the Equity Account the amount specified as being the Base Equity Contribution due to be made in connection with such Requested Disbursement Date as set out in the related Notice of Disbursement and transfer such Base Equity Contribution to the Loan Proceeds Account.

  • Subject to the terms and conditions hereof, and as a condition precedent to the Initial Extension of Credit Date, the Parent hereby agrees to make equity contributions to the Borrower (each such contribution, a “Base Equity Contribution”) from time to time in an aggregate amount up to but not exceeding the Base Equity Contribution Amount.

  • The Administrative Agent shall have received the Contingent Equity LC and evidence that the full amount of the Base Equity Contribution Amount has been contributed to the Borrower on or prior to the date of such initial extension of credit.


More Definitions of Base Equity Contribution

Base Equity Contribution means a transfer from the Equity Account to the Loan Proceeds Account for the purpose of paying Planned Project Costs.
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Base Equity Contribution has the meaning assigned to such term in the Equity Contribution Agreement.
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Base Equity Contribution means the amounts invested from time to time by Nalcor in the Partnership, directly or through one or more of its Subsidiaries, under the Base Equity Commitment together with the amounts paid from time to time to the Collateral Agent for deposit or deposited directly, as the case may be, in the Partnership Project Funding Account by NL Crown pursuant to the provisions of the NL Crown Guarantee in connection with the Base Equity Commitment;
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Base Equity Contribution shall have the meaning ascribed thereto in Section 2.01(a)(i). “Base Equity Contribution Amount” shall mean $147,462,255. “Borrower” shall have the meaning ascribed thereto in the preamble. “Collateral Agent” shall have the meaning ascribed thereto in the preamble. “Collateral Agent Contribution Request” shall have the meaning ascribed thereto in Section 2.01(a)(v). “Collateral Agent Negative Credit Event Drawing Date” shall have the meaning ascribed thereto in Section 2.01(d)(iv). “Construction Contribution Date” shall have the meaning ascribed thereto in Section 2.01(a)(iv). “Construction Contribution Funding Amount” shall have the meaning ascribed thereto in Section 2.01(a)(iv). “Contingent Equity Contribution” shall have the meaning ascribed thereto in Section 2.01(a)(iii). “Contingent Equity Contribution Amount” shall mean $44,216,235. “Contingent Equity LC” shall mean an Acceptable Letter of Credit issued by an Acceptable Issuing Bank in favor of the Collateral Agent (for the benefit of the Secured Parties), substantially in the form Exhibit B hereof or in such other form as may be reasonably acceptable to the Administrative Agent. “Credit Agreement” shall have the meaning ascribed thereto in the recitals. “Equity Contribution Request” shall mean a written request in the form attached as Exhibit A hereto. “Funding Amount” shall mean (i) on any Construction Contribution Date, the Construction Contribution Funding Amount to be funded on such date and (ii) on the Accelerated Contribution Date, the Accelerated Contribution Amount on such date, as the case may be. Equity Contribution Agreement
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Related to Base Equity Contribution

  • Equity Contributions means the equity to be contributed by the Equity Investor to Borrower, in accordance with and subject to the terms of the Partnership Agreement.

  • Equity Contribution has the meaning assigned to such term in the Recitals to this Agreement.

  • Specified Equity Contribution has the meaning specified in Section 8.04.

  • Equity Contribution Agreement means the Equity Contribution Agreement, to be dated as of the Closing Date, by and among Guarantor, Borrower and Administrative Agent.

  • Available Equity Amount means a cumulative amount equal to (without duplication):

  • Catch-Up Contribution means an Elective Deferral made to the Plan by a Catch-Up Eligible Participant that, during any taxable year of such Participant, exceeds one of the following:

  • Catch-Up Contributions means Salary Reduction Contributions made to the Plan that are in excess of an otherwise applicable Plan limit and that are made by Participants who are Age 50 or over by the end of their taxable years. An “otherwise applicable Plan limit” is a limit in the Plan that applies to Salary Reduction Contributions without regard to Catch-up Contributions, such as the limits on Annual Additions, the dollar limitation on Salary Reduction Contributions under Code Section 402(g) (not counting Catch-up Contributions) and the limit imposed by the Actual Deferral Percentage (ADP) test under Code Section 401(k)(3). Catch-up Contributions for a Participant for a taxable year may not exceed the dollar limit on Catch-up Contributions under Code Section 414(v)(2)(B)(i) for the taxable year. The dollar limit on Catch-up Contributions under Code Section 414(v)(2)(B)(i) is $1,000 for taxable years beginning in 2002, increasing by $1,000 for each year thereafter up to $5,000 for taxable years beginning in 2006 and later years. After 2006, the $5,000 limit will be adjusted by the Secretary of the Treasury for cost-of-living increases under Code Section 414(v)(2)(C). Any such adjustments will be in multiples of $500.

  • Stock Acquisition Date means the first date of public announcement (which, for purposes of this definition, shall include, without limitation, a report filed pursuant to Section 13(d) of the Exchange Act) by the Company or an Acquiring Person that an Acquiring Person has become such, or such earlier date as a majority of the Board of Directors shall become aware of the existence of an Acquiring Person.

  • Contribution Date has the meaning set forth in Section 4.3 hereof.

  • PIPE Investment Amount has the meaning specified in Section 6.16.

  • Qualified Equity Financing means the first sale (or series of related sales) by the Company of its Preferred Stock following the Date of Issuance from which the Company receives gross proceeds of not less than $1,000,000 (excluding the aggregate amount of securities converted into Preferred Stock in connection with such sale or series of related sales).

  • Qualified Acquisition means any acquisition of either or both the capital stock or assets of any Person or Persons (or any portion thereof), or the last to occur of a series of such acquisitions consummated within a period of six consecutive months, if the aggregate amount of Indebtedness incurred by one or more of the Company and its Subsidiaries to finance the purchase price of, or assumed by one or more of them in connection with the acquisition of, such stock and property is at least $100,000,000.

  • Shares Acquisition Date means the first date of public announcement (which, for purposes of this definition, shall include, without limitation, a report filed pursuant to Section 13(d) of the Exchange Act) by the Company or an Acquiring Person that an Acquiring Person has become such; provided that, if such Person is determined not to have become an Acquiring Person pursuant to Section 1(a) hereof, then no Shares Acquisition Date shall be deemed to have occurred by virtue of such event.

  • Investment Amount means the dollar amount to be invested by Investor to purchase Put Shares with respect to any Put as notified by the Company to Investor in accordance with Section 2.2.

  • Available Excluded Contribution Amount means the aggregate amount of Cash or Cash Equivalents or the fair market value of other assets (as determined by the Borrower in good faith, but excluding any Cure Amount) received (or deemed received) by the Borrower or any of its Restricted Subsidiaries after the Closing Date from:

  • Permitted Acquisition Consideration means, in connection with any Permitted Acquisition, the aggregate amount (as valued at the Fair Market Value of such Permitted Acquisition at the time such Permitted Acquisition is made) of, without duplication: (a) the purchase consideration for such Permitted Acquisition, whether payable at or prior to the consummation of such Permitted Acquisition or deferred for payment at any future time, whether or not any such future payment is subject to the occurrence of any contingency, and including any and all payments representing the purchase price and any assumptions of Debt and/or Guaranties, “earn-outs” and other agreements to make any payment the amount of which is, or the terms of payment of which are, in any respect subject to or contingent upon the revenues, income, cash flow or profits (or the like) of any Person or business and (b) the aggregate amount of Debt assumed in connection with such Permitted Acquisition; provided in each case, that any such future payment that is subject to a contingency shall be considered Permitted Acquisition Consideration only to the extent of the reserve, if any, required under GAAP (as determined at the time of the consummation of such Permitted Acquisition) to be established in respect thereof by Holdings or its Restricted Subsidiaries.

  • Contribution Indebtedness means Indebtedness, Disqualified Stock or Preferred Stock of an Issuer or any Subsidiary Guarantor in an aggregate principal amount not greater than the aggregate amount of cash contributions (other than Excluded Contributions) made to the capital of such Issuer or such Guarantor after the Issue Date, provided that:

  • Group II Senior Principal Distribution Amount As to any Distribution Date, the sum of (i) the Group II Senior Percentage of the Principal Payment Amount for Loan Group II, (ii) the applicable Senior Prepayment Percentage of the Principal Prepayment Amount for Loan Group II, and (iii) the Group II Senior Liquidation Amount.

  • Cash Contribution Amount means the aggregate amount of cash contributions made to the capital of the Company described in the definition of “Contribution Indebtedness.”

  • Group III Senior Principal Distribution Amount As to any Distribution Date, the sum of (i) the Group III Senior Percentage of the Principal Payment Amount for Loan Group III, (ii) the applicable Senior Prepayment Percentage of the Principal Prepayment Amount for Loan Group III, and (iii) the Group III Senior Liquidation Amount.

  • Dividend Reinvestment Acquisition means an acquisition of Voting Shares pursuant to a Dividend Reinvestment Plan;

  • Investment Capital Expenditures means capital expenditures other than Maintenance Capital Expenditures and Expansion Capital Expenditures.

  • In-kind contribution means a contribution of goods or services received by a candidate committee, joint candidates committee, political committee, continuing political committee, political party committee, or legislative leadership committee, which contribution is paid for by a person or entity other than the recipient committee, but does not include services provided without compensation by an individual volunteering a part of or all of his or her time on behalf of a candidate or committee.

  • In-kind contributions means services and goods as approved by the department that are provided by a grant recipient toward completion of a department-approved local snowmobile program under section 82107.

  • Group I Senior Principal Distribution Amount For any Distribution Date, an amount equal to the sum of (a) the Group I Senior Percentage of the Principal Payment Amount for Loan Group I, (b) the Group I Senior Prepayment Percentage of the Principal Prepayment Amount for Loan Group I and (c) the Group I Senior Liquidation Amount.

  • Cash contributions means the re- cipient’s cash outlay, including the outlay of money contributed to the re- cipient by third parties.