Examples of Equity Contribution Request in a sentence
Each such Equity Contribution Request shall specify (x) the Project Costs then due and payable and anticipated to be due and payable through and including the immediately succeeding Transfer Date, (y) the aggregate amount of such Equity Contribution Request (the “Construction Contribution Funding Amount”) and (z) the requested date of contribution (which shall be at least five Business Days before such Transfer Date) (a “Construction Contribution Date”).
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).
No Partner will make any additional voluntary Equity Contributions to the Partnership except pursuant to an Equity Contribution Request from the General Partner or pursuant to a deemed Equity Contribution in accordance with Section 5.7 or Section 5.8.
Failure by the Borrower to timely deliver an Equity Contribution Request shall not release any Sponsor Entity from its obligation to make any Equity Contribution pursuant to and in accordance with the terms hereof.
Unless the Collateral Agent or DOE have delivered an Equity Contribution pursuant to clause (b) below with respect to any Equity Contribution required to be made by the Sponsor Entities, the Borrower’s delay in delivering an Equity Contribution Request will only extend the due date for the making of such Equity Contribution on a day-for-day basis.
A Partner must provide notice of this election to the other Partners within fifteen (15) days of its receipt of an Equity Contribution Request.