Remaining Equity Commitment definition

Remaining Equity Commitment means, at any time, the Equity Commitment minus the aggregate amount of Equity Contributions made on or prior to such time and applied or available to be applied to the payment of Project Costs or SFF Costs; provided that in no event shall the Remaining Equity Commitment be less than (i) the Reserve Equity Amount (except after payment in full of the Remaining Equity Commitment in connection with a Default Funding Contribution) less (ii) the Project Receipt Payments held at such time by the Borrower in cash or cash equivalents and available to be applied to the payment of Project Costs.

Remaining Equity Commitment means, on any given date after the Initial Closing, the Total Equity Commitment minus the Purchase Price of the shares acquired at the Initial Closing and, if any Subsequent Purchases shall have occurred, minus the Subsequent Purchase Prices."

Remaining Equity Commitment means, on any given

Examples of Remaining Equity Commitment in a sentence

• The Sponsor may also, at its discretion, elect to replace the ECA Guaranty by delivering to the Collateral Agent Acceptable Credit Support in an aggregate amount equal to the Remaining Equity Commitment.

• Except for any provision of this Agreement that expressly survives the termination hereof, this Agreement shall terminate and be of no further force and effect upon the earliest to occur of (a) the Conversion Date, (b) the repayment in full in cash of all Obligations and (c) the Remaining Equity Commitment being reduced to zero.

• Replacement of Guaranty) (provided, that the Guarantor’s liability thereunder with respect to the amount required to be contributed pursuant to Sections 2.01(a), (b) and (c) herein shall be limited to the Remaining Equity Commitment).

• The undrawn Construction/Term Loan Commitment and the Remaining Equity Commitment are sufficient to achieve COD and the Conversion Date by the Date Certain.

More Definitions of Remaining Equity Commitment

Remaining Equity Commitment means, on any given date after the Initial Closing, the Total Equity Commitment minus the Initial Purchase Price and, if any Subsequent Purchases shall have occurred, minus the Subsequent Purchase Prices. The Remaining Equity Commitment shall be deemed to be zero on the earlier of (i) the date that the Remaining Equity Commitment equals zero pursuant to the previous sentence or (ii) eighteen months after Stockholder Approval, but not later than June 30, 1999 (unless otherwise extended by Buyer and the Company in their sole discretion).

Remaining Equity Commitment means, as of any date of determination, the difference of (a) US$125,000,000 minus (b) the cumulative amount of Base Equity Contributions and Accelerated Equity Contributions made pursuant to this Agreement as of such date minus (c) the Cumulative Equity Contributions described in clause (e) of the definition thereof, made as of such date. For the avoidance of doubt, no amounts contributed to the Borrower prior to the date hereof shall have the effect of reducing the Remaining Equity Commitment.

Remaining Equity Commitment means, with respect to each Project, the amount by which the Required Equity Contribution for such Project exceeds the aggregate cash equity contributions made as of such date (after giving effect to any Project Initial Funding Date Distribution for such Project).

Remaining Equity Commitment means, on any given date after the Initial Closing, the Total Equity Commitment minus the Initial Purchase Price. The Remaining Equity Commitment shall be deemed to be zero on the earlier of (i) the date that the Remaining Equity Commitment actually equals zero or (ii) the later of (A) September 19, 1998 or (B) if Buyer notifies the Company by March 19, 1999 that it is, pursuant to Section 2.4(b), exercising its right to make the Subsequent Purchase equal to the then amount of the Remaining Equity Commitment, then, the date as soon thereafter as (x) Buyer shall be permitted to effect such purchase under Article V of the Amended Company Charter, (y) all conditions to Buyer's obligations to effect such purchase shall have been satisfied or waived, and (z) such purchase shall have been effected.

Remaining Equity Commitment means, on any given date after the Initial Closing, the Total Equity Commitment minus the sum of the Initial Purchase Price and, if any Subsequent Purchases shall have occurred, minus the Subsequent Purchase Prices. The Remaining Equity Commitment shall be deemed to be zero on the earlier of (i) the date that the Remaining Equity Commitment equals zero pursuant to the previous sentence, or (ii) the later of (A) June 30, 1997 (un- less otherwise extended by Buyer and the Company in their sole discretion) or (B) if Buyer timely notifies the Company that it is, pursuant to Section 2.4(b) or 2.4(c), exercising its right to make the Second Purchase and/or part or all of any remaining Subsequent Purchase, then, the date as soon thereafter as (x) all conditions to Buyer's obligations to effect such purchase(s) shall have been satisfied or waived, and (y) such purchase(s) shall have been effected.

Remaining Equity Commitment has the meaning given to such term in the Equity Contribution Agreement.

Remaining Equity Commitment means, as of any date of determination, the difference of (a) the Sponsor Equity Commitment Cap (as defined in the Equity Contribution Agreement) minus (b) the cumulative amount of Base Equity Contributions and Accelerated Equity Contributions (each as defined in the Equity Contribution Agreement) made as of such date.