Equity Funding definition

Equity Funding means contributions made to the Borrower in the form of:

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Equity Funding means funding to be received by Kellplant pursuant to the subscription by KTSA for shares in Kellplant after the date of this Agreement;

Equity Funding means contributions made to the Company in the form of (a) (i) Subordinated Debt, (ii) equity funding from a direct or indirect shareholder, (iii) payment of costs in respect of the Development prior to the Signing Date, (iv) Cash Flow applied or committed to be applied towards Project Costs prior to the Project Completion Date(v) Cash Flow applied or committed to be applied to Development Expenditure that is not committed to fund development of Project Costs, and (vi) following the Project Completion Date, Cash Flows applied towards other capital expenditures in respect of the Project Facilities; provided that such Cash Flows following the Project Completion Date would qualify to be distributed as Restricted Payments based on meeting the conditions set forth in Section 4.06 hereof or are otherwise eligible to be used for Required Capital Expenditures, (b) in-kind contributions of real property up to $51,000,000 as set forth in an appraisal provided by the Obligors, (c) additional in-kind contribution of real property up to $28,000,000 (which is based on the price paid to acquire such real property in arms’-length transactions with third parties) and $3,000,000 related to transaction fees and expenses and labor costs allocated to the Obligors with respect to activities related to Second Phase Development and (d) contributions of early works and pre-construction activities with respect to Train Three of $280,000,000 contributed to CCL pursuant to the Early Works Equity Contribution Agreement, dated as of December 12, 2017, between the Company and the Sponsor, and an assignment to CCL of the technical services agreement, dated as of June 23, 2017, between Corpus Christi Liquefaction Stage II, LLC and ▇▇▇▇▇▇▇ Oil, Gas and Chemicals, Inc.

Examples of Equity Funding in a sentence

• Under no circumstances shall Seller, the Company or any other Person (individually or collectively) be permitted or entitled to receive both (x) a grant of specific performance or injunctive relief to cause Parent to draw down the Equity Financing, to enforce the rights of Parent under the Equity Funding Letters or to consummate the Closing and (y) any amounts in respect of the Guaranteed Obligations whatsoever in circumstances in which the Closing occurs.

• The Guarantor shall not be required to pay any amount under this Limited Guarantee if it has funded in full its commitment under its Equity Funding Letter being delivered on the date of this Limited Guarantee (as such amount may be reduced or amended pursuant to such Equity Funding Letter) and the Closing has occurred.

• This Limited Guarantee, together with the Merger Agreement and the exhibits to the Merger Agreement, the Company Disclosure Letter, the Parent Disclosure Letter, the Other Limited Guarantee, the Equity Funding Letters and the Confidentiality Agreement, constitutes the entire agreement, and supersedes all other prior agreements and understandings, both written and oral, among the parties and their Affiliates, or any of them, with respect to the subject matter of this Limited Guarantee.

• Any excess funds returned to the Equity Contributors from the Equity Funding Account shall be returned in the proportions directed by the Equity Contributors.

• As security for the payment and performance of its obligations under this Agreement and the other Secured Obligations, BrightSource Ivanpah hereby grants to the Collateral Agent, for itself and on behalf of and for the ratable benefit of the other Secured Parties, a first priority perfected security interest in the Supplemental Base Equity Funding Account and all proceeds thereof (the “Supplemental Base Equity Collateral”).

More Definitions of Equity Funding

Equity Funding means, with respect to any Project, the amount of the total projected Capital Costs through commercial operation of such Project to be funded by way of capital contributions by Investor and/or its Affiliates (as specified in the agreed Financial Model), taking into consideration the debt commitments indicated in the applicable Project Financing Indication; provided that if the Project Financing Indication for such Project provides for debt financing representing greater than 50% of the total projected Capital Costs as of FID, then the Equity Funding amount for such Project shall be considered to be 50% of the total projected Capital Costs as of FID in the applicable Financial Model solely for purposes of calculating the deemed repayment of the loan for purposes of Section 5 of the Loan Agreement. The final amount of Equity Funding for a Project shall be determined following receipt of the Project Financing Indication.

Equity Funding has the meaning set forth in -------------- Section 7.6 hereof. -----------

Equity Funding means direct or indirect cash contributions to the Partnership from the Shareholders (in the form of contributions of equity capital or Subordinated Debt, as the Shareholders shall in their sole discretion decide).

Equity Funding means third party equity funding that the Spin Out Company receives in connection with the Project IP prior to the Conversion;

Equity Funding means the amount payable by the Scottish Ministers on a unit-by-unit basis, which shall be set as the equivalent of the Scottish Ministers Contribution in respect of each Eligible Dwelling;

Equity Funding means contributions made to the Borrower in the form of (i) equity funding from a direct or indirect shareholder (including amounts funded in accordance with Section 4.1(z) (Conditions to Closing Date and Initial Advance – Equity Funding)), (ii) payment of costs in respect of the Development prior to the Closing Date, (iii) Cash Flow applied or committed to be applied towards Project Costs prior to the Project Completion Date, (iv) Cash Flow applied or committed to be applied to Development Expenditure that is not committed under the Base Case Forecast or otherwise committed to fund development of Project Costs, (v) any Drawstop Equity Contributions, to the extent not reimbursed pursuant to Section 11.2(c) (Certain Restricted Payments) and (vi) following the Project Completion Date, Cash Flows applied towards other capital expenditures in respect of the Project Facilities; provided that such Cash Flows following the Project Completion Date would qualify to be distributed as Restricted Payments based on meeting the conditions set forth in Section 11.1 (Conditions to Restricted Payments) of the Common Terms Agreement or are otherwise eligible to be used for Required Capital Expenditures.

Equity Funding has the meaning specified in Section 8.9(a).