Examples of Equity Contribution Agreements in a sentence
The Company shall notify the Administrative Agent of any election to pay Project Costs with any funds other than those available under the Loans, the Sponsor Pre-Sale Capacity Commitments and the Equity Contribution Agreements.
In addition to each Complying Member’s (as defined below) right to cease any or all funding obligations that it may have hereunder (except as may otherwise be required under the Equity Contribution Agreements), each of the Complying Members may also pursue their rights under Article 8 and Article 13 and may also elect to exercise any of its rights set forth in Section 3.6.1.
This Agreement, the MIPSA, the Investment Agreement, the Cash Grant Recapture Indemnity Agreements, the Cash Grant Letter Agreement and the Equity Contribution Agreements constitute the complete and exclusive statement of the agreement among the Members as of the date hereof relating to their rights as a Member.
The Plan shall become effective on the Effective Date and shall terminate on the earlier to occur of (a) a draw under any of the Equity Contribution Agreements, (b) a Triggering Event, or (c) satisfaction of all liabilities under the Plan to Participants and their beneficiaries.
The Managing Member is authorized to issue on behalf of the Company and each Subsidiary the Contribution Requests (as defined in the Equity Contribution Agreements) at the times and in the manner required by Section 2.01(a)(ii) of the Equity Contribution Agreements.
Notwithstanding anything herein to the contrary, upon the occurrence of a draw under any of the Equity Contribution Agreements, the Plan shall automatically terminate, all unpaid MIP Allocations made prior to the date of the draw shall be forfeited, and the Participant shall have no right to any future MIP Allocations.
Such Pre-Approved Additional Capital Contributions shall be made in the manner, in the amounts and at the times set forth in the applicable Equity Contribution Agreements to which each such Member is a party.
Notwithstanding any other provision in this Agreement, all Options will expire upon a draw under any of the Equity Contribution Agreements.
Except as expressly provided for herein, this undertaking shall in no respect diminish or delay the exercise by the Administrative Agent of all rights available pursuant to the Equity Letter of Credit, the Letter of Credit provided by the LOC Issuer of GTS Sponsor and the respective Equity Contribution Agreements.
Unicom and NEICO hereby further acknowledge and agree that the amounts of equity which they (or either of them) contribute to the Company in satisfaction of their respective obligations under the Equity Contribution Agreements shall be Approved Calls hereunder per se and shall not require any Drawdown Notices or other or further action by the Board of Managers, the General Manager or the Members beyond the provisions of this Section 2.03(a).