Examples of Initial Equity Capital Contribution in a sentence
The effectiveness of this Agreement is subject to the occurrence of the Initial Equity Capital Contribution Date pursuant to the Contribution Agreement.
The Parties intend, for federal income tax purposes, that the Purchase is an acquisition of the Class B Interests by the Class B Members, the Initial Equity Capital Contribution by the Class B Member is a contribution to the Company described in Section 721 of the Code and the Class A Member is contributing all of the assets of the Project Company in a transaction described in Section 721 of the Code.
Schedule 3.1(u) lists all Material Contracts to which the Company, MWCI or the Project Company is a party as of the date of the Initial Equity Capital Contribution.
Milford NHC, LLC (Class A) $ ***** ** 100 % Xxxxxxx Equity Trading Delaware LLC (Class B) $ 2,500,000 ** 100 % ** The Initial Equity Capital Contribution Amount, plus any previous capital contributions.
As of the Initial Equity Capital Contribution Date, no broker, finder, investment banker, or other Person is entitled to any brokerage, finder’s or other fee or commission in connection with the transactions contemplated hereunder based upon arrangements made by Noble Holdco, the Company or any Project Company for which the Company, any Project Company, or any Class A Equity Investor will be responsible.
Noble Holdco has been provided with true and correct copies of the certificate of formation of each Class A Equity Investor, and the limited liability company agreement of each Class A Equity Investor as in effect on the Execution Date and immediately prior to the Class A Equity Investors making their Equity Capital Contributions on the Initial Equity Capital Contribution Date.
On the Initial Equity Capital Contribution Date, each Class A Equity Investor shall pay its Initial Equity Capital Contribution in immediately available funds as provided in Section 2.01.
The Financial Statements of each Project Company delivered to the Class A Equity Investors, as of the Initial Equity Capital Contribution Date, present fairly in all material respects the financial position of such Project Company as of the date of such Financial Statements, and no material change in the financial position of such Project Company has occurred after the date of such Financial Statements.
Prior to the Initial Equity Capital Contribution Date, the Company shall, and shall cause each Project Company to, provide to each Equity Investor (a) copies of all reports delivered to the Administrative Agent and/or the Lenders pursuant to Sections 5.5(a) through 5.5(d) and Section 5.5(f) of the Financing Agreement and (b) copies of all other documents and other information concerning the Wind Farms, the Company and any Project Company that are reasonably requested by the Equity Investors.
Within one (1) year of the Initial Equity Capital Contribution Date (as defined in the ECCA), the Borrower shall pay to the Lender $5,143,611.00 representing the amount required to be paid to the Lender in order to release its security interest in the Existing COES as set forth in the Consent Agreement.