Contingent Equity Contribution definition

Contingent Equity Contribution as defined in the Southern Equity Contribution Agreement.

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Contingent Equity Contribution has the meaning assigned to such term in the Equity Contribution Agreement.

Contingent Equity Contribution shall have the meaning ascribed thereto in Section 2.01(a)(iii).

Examples of Contingent Equity Contribution in a sentence

The Borrower shall deliver to the Parent (with a copy thereof delivered to each Agent) an Equity Contribution Request at any time a Contingent Equity Contribution is required to be made in accordance with clause (A) of the second sentence of Section 2.01(a)(iii).
Subject to the terms and conditions hereof, the Parent hereby agrees to make equity contributions to the Borrower (each such contribution, a “Contingent Equity Contribution”) from time to time until the Support Termination Date in an aggregate amount up to but not exceeding the Contingent Equity Contribution Amount.
On each Construction Contribution Date, the Parent shall make a Contingent Equity Contribution in an amount equal to the Construction Contribution Funding Amount required to be made on such Construction Contribution Date, which shall be paid to the Collateral Agent pursuant to Section 2.01(c) for deposit into the Construction Account and application in accordance with the Collateral Agency Agreement.
Notwithstanding any provision in this Guaranty or the Equity Subscription Agreement to the contrary, except for the obligation to pay interest under Section 8(b) hereof, the maximum amount of the Guarantor's liability hereunder at any time (the "GUARANTEED AMOUNT") shall not exceed the Contingent Equity Contribution Commitment.
In the event that Pine Prairie Energy Center, LLC is permitted to make any distribution pursuant to Section 2.3 (d) or (e) of the Contingent Equity Contribution Agreement (as defined in the PPEC Credit Agreement), then the Company shall cause the proceeds of such distribution to be distributed to the Initial Members on a 50/50 basis, regardless of their respective Percentage Interests at the time.
In addition, as used in this Agreement, the following terms shall have the meanings specified below: “Accelerated Contribution Amount” shall mean, at any date, the Maximum Available Contingent Equity Contribution Amount at such date.
Guarantor hereby acknowledges receiving copies of the ------- Contingent Equity Contribution Agreement, the Credit Agreement and the other Credit Documents, and consents to the terms and provisions of each thereof.
The Sponsor irrevocably agrees to make an Equity Contribution as provided in the next sentence, no later than 10:00 a.m. (New York time) on the Acquisition Loan Funding Date in respect of the Astoria Bundle in an amount equal to the Contingent Equity Contribution Amount.
Contingent Equity Credit Support in an amount equal to the Maximum Contingent Equity Contribution.
The due and punctual payment, performance and observance of the obligations of the Parent under the LLC Agreement, including, without limitation, the obligations to contribute the Construction Equity Contribution Amount and the Contingent Equity Contribution Amount.

More Definitions of Contingent Equity Contribution

Contingent Equity Contribution means an Equity Contribution made or required to be made pursuant to Clause 3.2 (Funding Shortfall) or (to the extent payable in respect of the Unutilised Contingent Equity Commitment) Clause 4.1 (Right to accelerate).

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