Examples of Equity Funding Agreements in a sentence
If the Concessionaire TIFIA Protection Amount is a negative amount as a result of the adjustments pursuant to this Section 7.07, the Concessionaire TIFIA Protection Amount will be zero, the Equity Contribution Amount payable by the Equity Sponsors under the Equity Funding Agreements will be automatically reduced by such amount effective as of the Second Funding Closing Date, and the parties will provide prompt written notice to the Trustee of such reduction.
The Concessionaire will make or cause to be made Equity Contributions in an amount equal to the NEXT Equity Commitment Amount in accordance with the NEXT Equity Funding Agreements (to the extent such Equity Contributions are actually made to the Concessionaire, the “NEXT Equity Contributions”).
Lender shall not have an obligation to make an Advance in respect of a Project unless the NRG Investor and the Google Investor are required by their respective Equity Funding Agreements to make, or have made, equity contributions with respect to such Project and have furnished all letters of credit and other collateral required thereunder.
Upon the Project achieving Substantial Completion as provided for in the Amended and Restated Comprehensive Agreement, $30,000,000 shall be deposited to the Ramp-Up Reserve Fund out of funds paid pursuant to the Equity Funding Agreements.
Upon the Project achieving Substantial Completion (as provided in the Amended and Restated Comprehensive Agreement), a minimum amount of $36,500,000 shall be deposited to the Revenue Stabilization Reserve Fund out of funds paid pursuant to the Equity Funding Agreements.
Rather, the Court noted that “[w]hen all issaid and done, a student offered an educational program providing ‘merely more than de minimis´ progress from year to year can hardly be said to have been offered an education at all.” Endrew F.
If the Concessionaire TIFIA Protection Amount is a negative amount as a result of the adjustments pursuant to this Section 7.07, the Concessionaire TIFIA Protection Amount will be zero, the Equity Contribution Amount payable by the Equity Sponsors under the Equity Funding Agreements will be 48 DMEAST #27287336 v26 automatically reduced by such amount effective as of the Second Funding Closing Date, and the parties will provide prompt written notice to the Trustee of such reduction.
All Required Capital shall be contributed to the Trustee by wire transfer in Dollars and in immediately available funds for deposit to the appropriate fund or funds as provided in the Equity Funding Agreements, no later than 11:00 a.m., New York time, in each case in such amounts as are required to be made pursuant to the Equity Funding Agreements on or before the applicable “Due Date” therefor.
Upon the Project achieving Substantial Completion (as provided in the Amended and Restated Comprehensive Agreement), $19,000,000 shall be deposited to the Capital Expenditure Reserve Fund out of funds paid pursuant to the Equity Funding Agreements.
The Developer will cause each Equity Member to provide an equity funding guaranty from each of the Equity Sponsors (each an “Equity Funding Guaranty”) or a letter of credit from each of the Equity Sponsors (each an “Equity Letter of Credit”) which guarantees the funding of capital contributions of the Equity Members in accordance with the terms of the Equity Funding Agreements.