First Amendment Equity Contribution definition
First Amendment Equity Contribution means the cash equity contribution (in the form of common equity) from the Equity Sponsor and any roll-over equity from certain investors to the Buyer (as defined in the First Amendment) in connection with the First Amendment Transactions.
First Amendment Equity Contribution means the cash equity capital contribution in an amount equal to $5,000,000 made to Borrower directly or indirectly by the holders of Equity Interests in Borrower on March 15, 2016, the proceeds of which shall be applied upon Borrower’s receipt to prepay the Obligations in the order provided pursuant to terms of Section 2.09; provided that concurrently with such receipt, the Borrower may use up to $1,000,000 of such proceeds to make a one-time prepayment of (without a corresponding permanent reduction to) the Revolving Loans pursuant to Section 2.09(c) of the Revolving Credit Agreement; provided further that, (a) the First Amendment Equity Contribution and the use of proceeds therefrom shall be disregarded for all other purposes under this Agreement and the other Loan Documents (including, to the extent applicable, calculating EBITDA for purposes of determining basket levels and other items governing by reference to EBITDA or that include EBITDA in the determination thereof in any respect (including for purposes of calculating the covenants for purposes of meeting the “Payment Conditions”)) and (b) the reduction in Total Debt (including the prepayment of Revolving Loans, with the amount so prepaid being deemed outstanding for purposes of this clause) resulting from such application of the cash equity capital contribution shall not be taken into account for purposes of measuring compliance with the financial covenants in Section 6.12 during any period that includes an addition to EBITDA resulting from a First Amendment Equity Contribution. Lenders hereby grant a one-time waiver of the right to require payment of the Prepayment Premium on the portion of the First Amendment Equity Contribution required to be applied to the prepayment of the Obligations hereunder.
First Amendment Equity Contribution means the common equity contribution (for no consideration from the Borrower other than additional common Equity Interests in the Borrower) made by the Parent to the Borrower of $35.0 million in cash and 9,120,378 shares of Orbitz pursuant to the First Amendment; provided that any such shares of Orbitz may be replaced with cash at a price per share equal to the greater of (a) $3.00 and (b) the volume weighted average trading price for the previous 30 trading days prior to the date on which the First Amendment Equity Contribution is made.