Equity Capital Commitments definition
Examples of Equity Capital Commitments in a sentence
The Manager may, on the Company’s behalf, obtain any financing it deems necessary, at any time, to enable the Company to conduct its business and affairs or to develop, construct, acquire, complete and operate the Company’s Property and the Project in addition to the Members’ Capital Contribution Commitments and Senior Equity Capital Commitments.
For purposes of this Section 6.1.15, prior to the earlier of June 15, 2009 and the date on which the Equity Capital Commitments have been fully drawn, Company Equity shall be deemed to include undrawn Equity Capital Commitments.
As of the Closing Date, the Equity Capital Commitments equal or exceed $711,000,000.
On or prior to the time of the first Borrowing hereunder, the Equity Capital Commitments of the Borrower shall equal or exceed the sum of the original Facility Commitment and the aggregate stated liquidation preference of the Preferred Interests.
On the Closing Date, (a) the Contributed Company Capital of the Borrower shall equal or exceed 20% of the Equity Capital Commitments, and (b) Equity Capital Commitments shall be in place with respect to at least $300,000,000, which shall include the amount actually contributed as contemplated above in this sentence on the Closing Date.
As of the Closing Date, the Equity Capital Commitments equal or exceed $300,000,000.