Base Equity Contributions definition

Base Equity Contributions means capital contributions made by one or more Equity Contributors to the Borrower to fund Base Project Costs, which contributions shall be made in accordance with Section 2.3.1.
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Base Equity Contributions means any Equity Contribution provided, or to be provided, by the Sponsor to the Borrower pursuant to Section 2.01(b) (Base Equity Contributions); provided that, the Initial Base Equity Contributions shall constitute Base Equity Contributions for all purposes under the Financing Documents;
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Base Equity Contributions has the meaning assigned to that term in the Guarantee and Sponsor Support Agreement;
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Examples of Base Equity Contributions in a sentence

  • Each Equity Contributor’s obligations under this Section 2.3.1 shall expire, and no Equity Investor will have any further obligation to make any Base Equity Contributions, from and after the PPA Required Performance 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 Parent shall pay Base Equity Contributions made after the date hereof to the Collateral Agent and identify in writing such contributions to the Collateral Agent as Base Equity Contributions pursuant to Section 2.01(c) for deposit into the Construction Account and application in accordance with the Collateral Agency Agreement.

  • Without limiting the foregoing, it is agreed that as of June 30, 2010, the Borrower has made Base Equity Contributions aggregating $11,850,000 and as more further described in the Parent’s quarterly report on Form 10-Q for the quarterly period ended on June 30, 2010 filed with the United States Securities and Exchange Commission.

  • To the extent that Base Equity Contributions and/or Contingent Support Contributions, are identified in any Notice of Disbursement, such amounts shall be funded through transferring the applicable amount from the Equity Account or the Contingent Support Account, as applicable, to the Loan Proceeds Account on the Business Day immediately prior to the Requested Disbursement Date.

  • MF Base Equity Contributions shall not exceed, at any time, the Available MF Base Equity Commitment at such time.

  • Furthermore, all the parties hereto expressly acknowledge and agree that any amounts paid to the Collateral Agent for deposit or deposited directly, as the case may be, in the Muskrat Project Funding Account, the DSRA, the LRA or the Cost Overrun Escrow Account, as the case may be, by NL Crown pursuant to the provisions of the MFESG shall be deemed to be MF Base Equity Contributions, MF Contingency Equity Contributions, the MF DSRA Equity Contribution or the MF LRA Equity Contribution, as the case may be.

  • 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).

  • Base Equity Contributions shall not exceed, at any time, the Available Base Equity Commitment at such time.

  • The Ormat Sponsor shall ensure that the Ormat Shareholder makes Base Equity Contributions in an aggregate amount not exceeding the Base Equity Commitment at the times, in the manner and in the amounts specified in this Deed.


More Definitions of Base Equity Contributions

Base Equity Contributions has the meaning assigned to such term in Section 4.01(n).
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Base Equity Contributions means, for any Tranche, the deposit of immediately available funds in Dollars, related to an issuance of Equity Interests in the Borrower or proceeds of the Cerberus Term Loans, in discharge of a corresponding amount of the Base Funding Amount.
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Related to Base Equity Contributions

  • 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.

  • Specified Equity Contribution means any cash contribution to the common equity of Holdings and/or any purchase or investment in an Equity Interest of Holdings other than Disqualified Equity Interests.

  • Specified Spread Account Balance means on the Closing Date, % of the sum of the Pool Balance as of the [Initial] Cutoff Date and on any Payment Date thereafter the lesser of, (a) % of the [sum of (i) the] Pool Balance as of the [Initial] Cutoff Date [plus (ii) the aggregate Contract Value of all Subsequent Receivables sold to the Trust as of their respective Cutoff Dates] and (b) the outstanding principal amount of the Notes. However, if (A) the Specified Spread Account Reduction Trigger is met on the Payment Date in [Month] 20XX or any Payment Date thereafter, the percentage in clause (a) will be reduced to % on such Payment Date and will remain at such percentage for each Payment Date thereafter unless further reduced on the Payment Dates as provided in the following clauses (B), (C) or (D); (B) if the Specified Spread Account Reduction Trigger is met on the Payment Date in [Month] 20XX or any Payment Date thereafter, the percentage in clause (a) of the preceding sentence will be reduced to % on such Payment Date (regardless of whether the Specified Spread Account Reduction Trigger was met on the Payment Date in [Month] 20XX or any Payment Date thereafter and will remain at such percentage for each Payment Date thereafter unless further reduced on the Payment Date as provided in the following clause (C) or (D); (C) the Specified Spread Account Reduction Trigger is met on the Payment Date in [Month] 20XX or any Payment Date thereafter, the percentage in clause (a) of the preceding sentence will be reduced to % on such Payment Date (regardless of whether the Specified Spread Account Reduction Trigger was met on the Payment Dates in [Month] 20XX or any Payment Date thereafter or [Month] 20XX or any Payment Date thereafter) and will remain at such percentage for each Payment Date thereafter unless further reduced on the Payment Date as provided in the following clause (D); and (D) the Specified Spread Account Reduction Trigger is met on the Payment Date in [Month] 20XX or any Payment Date thereafter, the percentage in clause (a) of the preceding sentence will be reduced to % on such Payment Date (regardless of whether the Specified Spread Account Reduction Trigger was met on the Payment Dates in [Month] 20XX or any Payment Date thereafter, [Month] 20XX or any Payment Date thereafter or [Month] 20XX or any Payment Date thereafter) and will remain at such percentage for each Payment Date thereafter. In addition to the ability to amend the “Specified Spread Account Balance” definition pursuant to Section 9.1(a) of the Indenture, the Specified Spread Account Balance may also be reduced or modified without the consent of the Holders of the Notes if the Rating Agency Condition is satisfied with respect to such reduction or modification.