Initial Equity Contribution definition
Examples of Initial Equity Contribution in a sentence
At or prior to the Closing Date, Lender or the Borrower Parties, as may be appropriate, shall have executed and delivered or shall have caused to be executed and delivered to Lender, or as Lender may otherwise direct, the Loan Documents and such other documents, payments (including, without limitation, the Initial Equity Contribution), instruments and certificates, as Lender may require in form acceptable to Lender.
The Borrower may not borrow Term Loans on the Closing Date in an amount in excess of the Initial Equity Contribution.
Any amounts necessary for the funding of the JVCO in addition to the Initial Equity Contribution shall be made through debt financing, to the maximum extent possible and as long as the profile of such indebtedness is consistent with JVCO's Initial Business Plan.
The Borrower may not borrow Term Loans on any Credit Date occurring prior to the Plant Encumbrance Date if such borrowing would cause (after giving effect to such borrowing) the aggregate principal amount of the Term Loans outstanding on such Credit Date to exceed the Initial Equity Contribution.
The Parties hereby agree that, in addition to the Initial Equity Contribution, Phase 1 shall be initially funded exclusively by Amyris Brasil by means of acquisition of warrants (bônus de subscrição) or other securities or debt convertible into equity securities issued by the Company or any other form of advance for a future equity contribution (“Securities”).