Committed Investment definition

Committed Investment means an Investment which is subject to a letter of intent which is entered into by the Partnership or an Investment Vehicle on or prior to the end of the Investment Period and which is intended to be closed not more than 60 days after the end of the Investment Period.

Split View

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Get StartedSchedule a Demo

Committed Investment. ’ means the infrastructure investment in the Northwest Parkway toll

Committed Investment means, in relation to a Shareholder, its commitment to provide equity to the Company as set out in Clause 8.

Examples of Committed Investment in a sentence

• The Department acknowledges and agrees that any letter of credit issued for purposes of the requirements set forth in clause (b) of the definition of Committed Investment under the Agreement shall be deemed to satisfy such requirements even though the Collateral Agent, and not Developer, is named as beneficiary thereunder.

• The Committed Investment Amount and/or the number of Rollover Shares to be contributed by the Additional Member are set forth in Schedule A hereto.

• In addition, any Committed Investment of the Partnership described in clause (i) of the definition thereof, shall be consummated within six months of the end of the Commitment Period.

• Follow-on Investment: -------------------- An investment, other than a Committed Investment, in Portfolio Securities of a Portfolio Company in which the Partnership holds, immediately prior thereto, Portfolio Securities.

• Upon and after giving effect to any Purchase or Reinvestment to be made on such date, sufficient Eligible Receivables exist in the Receivables Pool and sufficient Eligible Loans exist in the Loan Pool such that (i) the Total Committed Investment will not exceed the Purchasers’ Total Commitment, (ii) the Total Uncommitted Investment will not exceed the Purchasers’ Total Uncommitted Amount, and (iii) the Total Investment will not exceed the sum of the Receivables Investment Base and the Loan Investment Base.

• In the event that the internal rate of return of the Committed Investment is greater than 16%, any excess profits available for distribution shall be shared equally between PCT and PPA.

• Pursuant to Section 6(a) of the Agreement, the Agreement, at such time as no Notes are outstanding thereunder, with the written consent of the Company and Investors representing the Required Pro Rata Percentage, provided that no such amendment shall increase or decrease an Investor’s Total Committed Investment Amount without the affected Investor’s written consent.

• Except upon the approval of Two- Thirds in Interest of the Limited Partners, no Committed Investment may be made by the Partnership after the third anniversary of the last day of the Commitment Period.

• Upon the terms and subject to the conditions set forth herein, on and after the exercise by Buyer of the Warrants, Buyer may purchase and the Company may sell additional warrants with respect to a number of shares and an exercise price that are mutually agreeable to the parties, so long as the aggregate value of the shares subject to such additional warrants, when added to the value of the Warrant Shares, does not exceed the Committed Investment.

• Except upon the approval of Two-Thirds in Interest of the Limited Partners, no Committed Investment may be made by the Partnership after the third anniversary of the last day of the Commitment Period.

More Definitions of Committed Investment

Committed Investment means (a) any form of direct investment by Equity Members, including the purchase of equity shares in and/or the provision of Equity Members Debt to Concessionaire and/or (b) an irrevocable on-demand letter of credit issued by or for the account of an Equity Member naming Concessionaire as beneficiary, satisfying the requirements of Sections 17.3.2.1, 17.3.2.2, 17.3.2.5 and 17.3.2.6 of the Agreement and guaranteeing the provision of the direct investment referenced in clause (a) of this definition by a date which is not later than one year after the Baseline Final Acceptance Date. Equity that does not result in direct investment in the Bid Financial Model (for example contingent or stand-by equity) shall not be considered Committed Investment.

Committed Investment has the meaning set forth in Exhibit Z (Calculation of Termination Compensation).

Committed Investment means (a) an Investment which is subject to a letter of intent which is entered into by the Partnership or an Investment Vehicle on or prior to the end of the Investment Period and which is intended to be closed not more than 120 days after the end of the Investment Period, (b) additional phases of the redevelopment of an Investment, or (c) the remaining balance of unfunded capital contributions to ongoing Investments, in each case, to the extent identified to the Partners prior to the expiration of the Investment Period, together with a budget regarding such Investments, additional phases of redevelopment of Investments or remaining balance of unfunded Investments. "Contribution Account Balance" for the purpose of determining ADOCAB for calculating Preferred Returns and Asset Management Fees, Contribution Account Balance shall mean the cumulative sum of all Capital Contributions of a Partner minus the cumulative sum of all distributions to such Partner pursuant to Section 6.1(b)(ii).

Committed Investment shall have the meaning ascribed thereto in Clause 1.1(ddddd)(iii).

Committed Investment means (a) any form of direct investment by Equity Members, including the purchase of equity shares in the Development Entity; (b) any bona fide indebtedness of the Development Entity for funds borrowed that: (i) is held by any Equity Member and (ii) is subordinated in priority of

Committed Investment the amount of the share capital and of any Subordinate Debt that is payable by the Initial Shareholders and the Lenders Subordinate of the Contractor, in view of financing the implementation of the Contractor‟s Project, including any kind of financial obligation on his part.