Required Equity Contribution definition

Required Equity Contribution shall have the meaning assigned to such term in Section 2.1(a).

Required Equity Contribution means TWENTY-TWO MILLION, NINE HUNDRED SIXTY-TWO THOUSAND, FORTY-TWO AND NO/100THS DOLLARS ($22,962,042.00).

Required Equity Contribution. As of any date of determination prior to the Termination Date, an Equity Contribution equal to the greater of (a) the sum of the Outstanding Loan Balances of the ten (10) largest Transferred Loans and (b) $43,750,000.

Examples of Required Equity Contribution in a sentence

• The Pledgor shall have contributed to the Borrower the Required Equity Contribution.

• The proceeds of such Required Equity Contribution shall have been applied to the payment of Project Costs (directly by the Borrower or through the further contribution to and payment by the Procurement Sub or Project Owner).

• The ability of the USCorpA Foreign Affiliates to make the Required Equity Contribution was to be supported by a USCorpA guarantee, and the ability of the USCorpB partners was to be supported by letters of credit or by corporate guarantees with an AA credit rating.

• The Contributor’s obligation to make the Required Equity Contribution as required hereunder ranks, according to its terms, at least pari passu with the Contributor’s obligations under its outstanding senior unsecured Debt.

• Term Sheet, ¶ 2, “Construction Credit Facility.” The Term Credit Facility was for the same amount as the Construction Credit Facility, minus a specified “Required Equity Contribution.” Term Sheet, ¶ 2, “Term Credit Facility.” This Required Equity Contribution was to be made by USCorpA and USCorpB at thetime the Construction Credit converted to Term Credit.

More Definitions of Required Equity Contribution

Required Equity Contribution means (1) the difference between the total cost of the Project and the Project Funding and the amount funded by any Other Funding, or (2) at any particular time in the future, the difference between the amount necessary to complete the Project and the amount of the Project Funding remaining to be advanced to the Funding Recipient by the Authority hereunder and the amount remaining to be advanced to the Funding Recipient by any third party providing any Other Funding.

Required Equity Contribution means Three Hundred Sixty-One Thousand Three Hundred Seventeen Dollars ($361,317) to be provided by the Company in cash to pay a portion of the Allowable Innovation Costs of the Project.

Required Equity Contribution means the greater of (x) the positive difference between the aggregate amount of historical and projected Project Costs (including the Contingency) set forth in the then-applicable Construction Budget minus the sum of the Tranche A Loan Amount and the Tranche B Loan Amount and (y) 20% of the aggregate amount of historical and projected Project Costs (including the Contingency) set forth in the then-applicable Construction Budget.

Required Equity Contribution means unrestricted capital contributions to the Borrower on terms and conditions acceptable to the Required Lenders, of which (a) at least $10,000,000 shall have been contributed to the Borrower by the Parent in cash on or before the First Amendment Effective Date, and (b) an additional amount of at least $15,000,000 shall be contributed to the Borrower in cash on or before May 29, 2009.

Required Equity Contribution. As of any date of determination prior to the Termination Date, an amount equal to $115,000,000.

Required Equity Contribution has the meaning given in the Equity Contribution Agreement.

Required Equity Contribution means the Initial Equity Contribution.