Equity Support Letter definition

Equity Support Letter means that certain letter agreement, dated as of the Restatement Date, as amended, supplemented or otherwise modified from time to time, among the Equity Cure Provider, Mattress Interco, Inc. and such other parties thereto, pursuant to which the Equity Cure Provider has agreed to make certain equity investments to Mattress Interco, Inc. to be contributed as capital directly or indirectly to Opco pursuant to the terms and conditions thereof.
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Equity Support Letter means that certain letter agreement dated as of the date hereof by and between Exela, the Noteholder and B. Riley Securities, Inc.
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Examples of Equity Support Letter in a sentence

  • This Agreement shall terminate on the Termination Date; provided that promptly upon termination of this Agreement in accordance with this Section 6.11, to the extent not previously fully drawn, the Appropriate Collateral Agent shall deliver the Equity Support Letter of Credit to the Sponsor.

  • Notwithstanding the foregoing, such amount shall be reduced by the amount of Base Equity and the amount of Subordinated Debt applied to pay Project Costs; provided, however, such amount shall be reinstated by an amount equal to the stated amount of any Equity Support Letter of Credit.

  • The Collateral Agent shall deposit the monies received from the issuer of such Equity Support Letter of Credit in payment of such draft in the Equity Account to be applied in accordance with this Section 4.08.

  • Prior to the Initial Disbursement Date, Sponsor Funding in an amount equal to the Equity Amount shall be deposited directly into the Equity Account; provided that an Equity Support Letter of Credit may be provided in lieu of all or a portion of the Equity Amount as provided in Section 11.02(a)(i).