Required Equity Contribution definition

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

Required Equity Contribution means THIRTY-SEVEN MILLION, SEVEN HUNDRED SIXTY-FIVE THOUSAND, NINE HUNDRED NINETY-THREE AND NO/100THS DOLLARS ($37,765,993).

Required Equity Contribution. As of any date of determination prior to the Termination Date, an Equity Contribution equal to (a) on any date on which the total number of Obligors of Loans included in the Collateral is less than or equal to 14, the sum of the Outstanding Loan Balances of the ten largest Transferred Loans and (b) on any date on which the total number of Obligors of Loans included in the Collateral exceeds 14, $43,750,000.”

Examples of Required Equity Contribution in a sentence

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

• 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.

• The Contributor shall make the Required Equity Contribution by depositing an amount equal to such Required Equity Contribution in the Note Redemption Account no later than 10:00 a.m. (New York City time) on the Offer Settlement Date.

• 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).

• In the event that the proceeds of the Loan, the Lender Loan and the Required Equity Contribution are not sufficient to pay all costs of the Project, the Company shall, nonetheless and irrespective of the cause of such deficiency, complete the Project in accordance with the Plans and Specifications and pay all costs of such completion in full from its own funds.

More Definitions of Required Equity Contribution

Required Equity Contribution means the equity contributions to be made to the Borrower on the Closing Date for Project Costs in the aggregate total amount of four million Dollars ($4,000,000).

Required Equity Contribution. An Equity Contribution, at all times prior to the Termination Date, of at least $75,000,000.

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 has the meaning given in the Equity Contribution Agreement.

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

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 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.