Minimum Equity Contribution definition

Minimum Equity Contribution has the meaning specified in the definition of “Equity Contribution.”

Minimum Equity Contribution means a minimum equity injection in the Borrower by the Parent and other shareholders of the Borrower in an aggregate amount of not less than [***] as shown on the balance sheet of the Borrower as at the Original Closing Date.

Minimum Equity Contribution shall have the meaning set forth in Section 6.04.

Examples of Minimum Equity Contribution in a sentence

• Contrary to the SWSC Finance Procedure Manual which states that payment vouchers relating to purchases must be supported by purchase requisitions, purchase orders, goods received notes and purchase invoices, there were twenty six (26) payment vouchers in amounts totalling K487,271,386,200 that were not supported by relevant documentation.

• Equity Contributions required to be in compliance with the Maximum Project Funding Ratio and the Debt Sizing Criteria shall have been paid to the Borrower or any Subsidiary thereof (or to the applicable payee if made through the payment of Project Costs on behalf of a Project), or otherwise credited to the Projects in the case of previously funded Equity Contributions, in an amount not less than the Allocated Minimum Equity Contribution, and as certified by the Independent Engineer.

• On or prior to the Closing Date, the Sponsors, Co-Investors and Company Persons will, directly or indirectly make the Minimum Equity Contribution.

• The terms of any preferred equity issued in connection with the Minimum Equity Contribution shall be acceptable to the Administrative Agent.

• Prior to or substantially concurrently with the initial Borrowing on the Closing Date, (i) the Equity Contribution shall have been made in an amount at least equal to the Minimum Equity Contribution, (ii) the Refinancing shall have been consummated and (iii) the Acquisition shall have been consummated.

More Definitions of Minimum Equity Contribution

Minimum Equity Contribution means, as at the relevant date of calculation, one or more Equity Investments in the Company in an aggregate amount equal to not less than 50 per cent of the aggregate amount of:

Minimum Equity Contribution has the meaning assigned to such term in the fourth paragraph of this Agreement.

Minimum Equity Contribution means 30 per cent. of the Asset Costs calculated as at the date of this Agreement.

Minimum Equity Contribution. As of any date of determination by the Liquidation Agent, the greater of (a) zero and (b) the remainder of (i) the Minimum Total Portfolio Value minus (ii) the Aggregate Outstanding UBS Funded Amount.

Minimum Equity Contribution has the meaning specified in the definition of “Equity Contribution”. “Maturity Date” means the Scheduled Revolving Credit Termination Date, the Term Loan Maturity Date, each Incremental Term Loan Maturity Date or the final scheduled maturity of any other Facility hereunder. “Xxxxx’x” means Xxxxx’x Investors Service, Inc. “Mortgage” means any mortgage, deed of trust or equivalent document executed or required herein to be executed by any Loan Party and granting a security interest over fee-owned real property in favor of the Administrative Agent as security for the Obligations. “Mortgage Supporting Documents” means, with respect to any Mortgage for a parcel of owned real property owned by a U.S. Loan Party, each document (including title policies or marked-up unconditional insurance binders (in each case, together with copies of all documents referred to therein), maps, ALTA/NSPS (or TLTA, if applicable) as-built surveys (in form and as to date that is sufficiently acceptable to the title insurer issuing title insurance to the Administrative Agent for such title insurer to deliver endorsements to such title insurance as reasonably requested by the Administrative Agent; provided that, in lieu of a zoning endorsement, the Administrative Agent will accept a zoning report), environmental assessments and reports in form and substance reasonably acceptable to the Administrative Agent (in the case of owned real property acquired after the Closing Date having a fair market value on the date of acquisition in excess of $7,500,000) and evidence regarding recording and payment of fees, insurance premium and taxes) and customary legal opinions of local counsel for the relevant U.S. Loan Party in such real property is located that the Administrative Agent may reasonably request, to create, register, perfect, maintain, evidence the existence, substance, form or validity of or enforce a valid lien on such parcel of real property in favor of the Administrative Agent for the benefit of the Secured Parties, subject only to Permitted Liens such Liens as the Administrative Agent may approve. 44 [[5286738]]

Minimum Equity Contribution not less than $60,000,000.

Minimum Equity Contribution means 70% of the Total Capitalization.