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.
In addition, Phillips 66 Partners and its co-venturers in Dakota Access provided a Contingent Equity Contribution Undertaking (CECU) in conjunction with the notes offering.
If --------------- a Debt Service Reserve Deficiency arises and is not cured by the end of the immediately following Calculation Period, then the Company shall make a call pursuant to the Contingent Equity Contribution Agreement to the extent of such Debt Service Reserve Deficiency.
In addition, Phillips 66 Partners LP (Phillips 66 Partners) and its co-venturers in Dakota Access provided a Contingent Equity Contribution Undertaking (CECU) in conjunction with the notes offering.
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.
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.
The Sponsor shall make such Equity Contribution by making a direct payment of the Contingent Equity Contribution Amount in immediately available funds to the Administrative Agent, it being understood and agreed that such payment shall be deemed to be a capital contribution by the Sponsor to the Borrower and that the proceeds thereof shall be applied as set forth in the Deposit Account Agreement.
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.
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.