Equity Credit Support definition

Equity Credit Support has the meaning assigned to such term in the P1 Equity Contribution Agreement.

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Equity Credit Support shall have the meaning given in the Equity Contribution Agreement.

Equity Credit Support means any commitment or undertaking to guaranty or otherwise support the Company’s obligations to provide equity financing in respect of any Project.

Examples of Equity Credit Support in a sentence

• As of the date of the Construction/Term Loan Borrowing, the Pledgor shall be in compliance with its obligation to maintain Equity Credit Support in accordance with Section 2.2 (Equity Credit Support) of the P1 Equity Contribution Agreement.

• As of the date of the Construction/Term Loan Borrowing, the Pledgor shall be in compliance with its obligation to maintain Equity Credit Support in accordance with Section 2.2 (Equity Credit Support) of the T4 Equity Contribution Agreement.

• Notwithstanding anything to the contrary herein and unless otherwise directed by the applicable FI Member or FI Member Owner, if any FI Member or FI Member Owner has delivered multiple Equity Credit Support instruments to the Company, the Company shall make any requests for drawing on such Equity Credit Support instruments a pro rata basis.

• For the elimination of doubt, the Company shall not, and shall ensure that Holdings shall not, reduce the Remaining Committed Amount (or, in the case of an FI Member Owner, FI Remaining Committed Amount) and the Equity Credit Support of any Defaulting Holder in respect of its deemed Equity Contribution in the amount of any outstanding Defaulting Holder Loan extended to such Defaulting Holder.

• The T4 Collateral Agent may, from time to time at the direction of the T4 Intercreditor Agent, pursuant to a written direction to the T4 Accounts Bank, direct the transfer of amounts on deposit in any T4 Construction Equity Collateral Account to the T4 Construction Account pursuant to, and in accordance with Sections 2.1(c) (Equity Funding), 2.2(c) (Equity Credit Support), 3.1(c) (Acceleration of Equity Payments), or 3.1(d) (Acceleration of Equity Payments) of the T4 Equity Contribution Agreement.

• The T4 Collateral Agent shall countersign any such written direction by the Borrower upon any request by the Pledgor to the T4 Collateral Agent in accordance with Section 2.2(e) (Equity Credit Support) or Section 2.2(f) (Equity Credit Support) of the T4 Equity Contribution Agreement.

More Definitions of Equity Credit Support

Equity Credit Support means either (a) one or more Equity Letters of Credit or (b) cash collateral deposited into the Equity Support Account.

Equity Credit Support has the meaning assigned to such term in the T4 Equity Contribution Agreement.