Equity Funding Date definition

Equity Funding Date means the day on which all of the conditions to the initial drawdown under the Construction/Term Loan Facility (other than the contributions to the capital of the Partnership to be made by Cogentrix GP and Cogentrix LP under Section 3.2) have been met to the satisfaction of the Construction/Term Lender.
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Equity Funding Date means in any month during which the Borrower shall have delivered a Disbursement Request to be made during such month, fifteen (15) Business Days prior to the date of first Disbursement and at least ten (10) Business Days prior to any subsequent Disbursement specified therein.
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Equity Funding Date means the date on which the Borrower shall have received Equity Issuance Proceeds from the Equity Issuance of Equity Interests of the Borrower (other than Disqualified Stock) on terms satisfactory to the Administrative Agent and in aggregate amount not less than $25,000,000 (determined prior to giving effect to the payment of all related underwriter fees and expenses, SEC and blue sky fees, printing costs, fees and expenses of accountants, lawyers and other professional advisors, and brokerage commissions).
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Examples of Equity Funding Date in a sentence

  • Each Deficiency Notice shall specify the applicable Equity Funding Date.

  • Upon the satisfaction of or waiver of the conditions set forth in Section 3.3 hereof, on the Equity Funding Date Cogentrix GP shall contribute to the Partnership $54,794 and Cogentrix LP shall contribute to the Partnership $2,684,906 either (i) by wire transfer of immediately available funds to an account designated in writing by the Partnership or (ii) by payment(s) to vendors with respect to obligations under Project Documents.

  • Upon the satisfaction of or waiver of the conditions set forth in Section 3.3 hereof, on the Equity Funding Date Cogentrix GP shall contribute to the Partnership $132,989 and Cogentrix LP shall contribute to the Partnership $6,516,445 either (i) by wire transfer of immediately available funds to an account designated in writing by the Partnership or (ii) payment(s) to vendors with respect to obligations under Project Documents.

  • On or prior to the Equity Funding Date, the Partnership shall deposit or cause to be deposited an amount equal to the Additional Equity Requirement in the Equity Fund.

  • Commencing on the first Distribution Date after the Tax Equity Funding Date, any Available Cash Flow that a Class A Member would otherwise be entitled to shall not be paid to such Class A Member, and all such Available Cash Flow shall be paid to the Class B Member until the loan has been repaid in full with interest.

  • Provided that the entire Tenant Allowance was not expended on the Phase I Tenant’s Improvements, by providing written notice to Landlord following the Additional Equity Funding Date, Tenant may perform the Phase II Tenant’s Work (defined below) pursuant to this Phase II Work Letter.

  • The Parties agree that pursuant to a Share Issuance Agreement dated on or about the date hereof General Motors of Canada Limited (“GM Canada”) will acquire Shares representing a 7% fully diluted economic interest in the Corporation as of the date hereof (as defined and with dilution protection as described therein until the Required Equity Funding Date), subject to GM Canada entering into or being a party to a distribution agreement with CSR.

  • Upon the satisfaction of or waiver of the conditions set forth in Section 3.3 hereof, on the Equity Funding Date Cogentrix GP shall contribute to the Partnership $93,116 and Cogentrix LP shall contribute to the Partnership $4,562,665 by wire transfer of immediately available funds to an account designated in writing by the Partnership.


More Definitions of Equity Funding Date

Equity Funding Date means the earlier of (i) the date of the Completion of the Project, (ii) March 15, 1995 and (iii) the date on which an Event of Default shall have occurred and be continuing and an acceleration shall have occurred and not been rescinded pursuant to Section 9.2.
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Equity Funding Date shall have the meaning assigned to the term “Equity Infusion Date” in the Master Agreement. 5. A new Section 1.59 is hereby added to the Limited Partnership Agreement, to read as follows:
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Equity Funding Date means that date specified in any written request given to the Sponsor by the Borrower, or in the absence of the Borrower failing to do so, the Senior Lenders, in each case in accordance with Section 4.01(b)(Deficiency Funding), stating that a Capital Contribution is required to be made to the Borrower in accordance with Section 4.01(b)(Deficiency Funding), which date shall be at least five (5) Business Days prior the date on which the Disbursement, Project Cost or Deficiency which has given rise to the requirement to make such Capital Contribution in accordance with Section 4.01(Deficiency Funding) is due to be made or paid, as applicable.
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Equity Funding Date means the date on which the Project has commenced commercial operations and the Construction Loan is converted into the Term Loan.
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Related to Equity Funding Date

  • Initial Funding Date means the Funding Date on which the first Loan is made pursuant to this Agreement, as specified in the Initial Borrower Funding Request.

  • Delayed Draw Funding Date means the date occurring on or after the Effective Date upon which all of the conditions to funding the Delayed Draw Term Loan set forth in Section 6.02 are satisfied and the Delayed Draw Term Loan is funded.

  • Funding Date is any date on which a Credit Extension is made to or for the account of Borrower which shall be a Business Day.

  • Liquidity Funding means (a) a purchase made by any Committed Lender pursuant to its Liquidity Commitment of all or any portion of, or any undivided interest in, an applicable Conduit’s Loans, or (b) any Loan made by a Committed Lender in lieu of such Conduit pursuant to Section 1.1.

  • Next Equity Financing means the next sale (or series of related sales) by the Company of its Preferred Stock following the Date of Issuance from which the Company receives gross proceeds of not less than $1,000,000 (excluding the aggregate amount of securities converted into Preferred Stock in connection with such sale (or series of related sales)).

  • Pre-Funding Period means the period beginning on the Closing Date and ending on the earliest of (a) the date on which the amount on deposit in the Pre-Funding Account is less than $10,000, (b) the Funding Termination Date or (c) the date on which an Event of Termination occurs.

  • Pre-Funding Amount With respect to any date, the amount on deposit in the Pre-Funding Account.

  • Refunding Date as defined in Section 2.7.

  • Equity Financing means the next sale (or series of related sales) by the Company of its Equity Securities to one or more third parties following the date of this instrument from which the Company receives gross proceeds of not less than $1,000,000 cash or cash equivalent (excluding the conversion of any instruments convertible into or exercisable or exchangeable for Capital Stock, such as SAFEs or convertible promissory notes) with the principal purpose of raising capital.

  • Initial Funding means the funding of the initial Loans or issuance of the initial Letters of Credit upon satisfaction of the conditions set forth in Sections 6.01 and 6.

  • Stock Acquisition Date means the first date of public announcement (which, for purposes of this definition, shall include, without limitation, a report filed pursuant to Section 13(d) under the Exchange Act) by the Company or an Acquiring Person that an Acquiring Person has become such.

  • Reserve Account Funding Date means the Distribution Date which occurs not later than the earliest of (a) the Distribution Date with respect to the Monthly Period that commences not later than three months prior to the Distribution Date with respect to the first Monthly Period in the Controlled Accumulation Period, (b) in the event that the average Excess Spread Percentage for any three consecutive Monthly Periods ending in the May 2023 Monthly Period or any Monthly Period thereafter is less than 2%, the Distribution Date with respect to such Monthly Period, (c) in the event that the average Excess Spread Percentage for any three consecutive Monthly Periods ending in the November 2023 Monthly Period or any Monthly Period thereafter is less than 3%, the Distribution Date with respect to such Monthly Period and (d) such earlier Distribution Date as the Transferor may determine by written notice to the Trustee and the Servicer. For this purpose, the “Excess Spread Percentage” for any Monthly Period shall be equal to the Series Adjusted Portfolio Yield for such Monthly Period minus the Base Rate for such Monthly Period.

  • Series Closing Date means the date designated as such in the Series Term Sheet.

  • Loan Closing Date means the date upon which the Loan is made to the Company.

  • Equity Contribution Agreement means the Equity Contribution Agreement, to be dated as of the Closing Date, by and among Guarantor, Borrower and Administrative Agent.

  • Qualified Equity Financing means the first sale (or series of related sales) by the Company of its Preferred Stock following the Date of Issuance from which the Company receives gross proceeds of not less than $1,000,000 (excluding the aggregate amount of securities converted into Preferred Stock in connection with such sale or series of related sales).

  • Original Closing Date means the "Closing Date" as defined in the Existing Credit Agreement.

  • Ending Date means the calendar date specified in the Notice of Intent as the date upon which lead - based paint abatement activities are completed.

  • First Closing Date shall refer to the time and date of delivery of certificates for the Firm Shares and such Optional Shares). Any such time and date of delivery, if subsequent to the First Closing Date, is called an “Option Closing Date,” shall be determined by the Representatives and shall not be earlier than three or later than five full business days after delivery of such notice of exercise. If any Optional Shares are to be purchased, each Underwriter agrees, severally and not jointly, to purchase the number of Optional Shares (subject to such adjustments to eliminate fractional shares as the Representatives may determine) that bears the same proportion to the total number of Optional Shares to be purchased as the number of Firm Shares set forth on Schedule A opposite the name of such Underwriter bears to the total number of Firm Shares. The Representatives may cancel the option at any time prior to its expiration by giving written notice of such cancellation to the Company.

  • Initial Borrowing Date means the date occurring on or after the Effective Date on which the initial Borrowing of Loans occurs.

  • Incremental Facility Closing Date has the meaning set forth in Section 2.14(d).

  • Equity Contribution has the meaning assigned to such term in the Recitals to this Agreement.

  • Closing Date Term Loan has the meaning set forth in Section 2.4(a).

  • Closing Date Term Loans means the Term Loans made by the Term Lenders on the Closing Date to the Borrower pursuant to Section 2.01(1).

  • Second Closing Date means the date of the Second Closing.

  • Third Closing Date has the meaning set forth in Section 2.2(c).