Satisfactory Equity Commitment Letter definition

Satisfactory Equity Commitment Letter means an equity commitment letter among the Ultimate Equity Commitment Party, the Private Owner Guarantor and the Private Owner, (i) in the form delivered to and accepted by Initial Member and the Purchase Money Notes Guarantor on the Closing Date or (ii) otherwise in form and substance satisfactory to the Initial Member and (prior to the Purchase Money Notes Defeasance Date) the Purchase Money Notes Guarantor (including that the Initial Member and (prior to the Purchase Money Notes Defeasance Date) the Purchase Money Notes Guarantor shall be an express third-party beneficiary thereof with the several right to enforce such letter).
Sample 1Sample 2
Satisfactory Equity Commitment Letter means an equity commitment letter between Colony Distressed Credit Fund, L.P. and the Private Owner, (i) in the form delivered to and accepted by Initial Member and the Purchase Money Notes Guarantor on the Closing Date or (ii) otherwise in form and substance satisfactory to the Initial Member and (prior to the Purchase Money Notes Defeasance Date) the Purchase Money Notes Guarantor (including that the Initial Member and (prior to the Purchase Money Notes Defeasance Date) the Purchase Money Notes Guarantor shall be an express third-party beneficiary thereof with the several right to enforce such letter).
Sample 1Sample 2
Satisfactory Equity Commitment Letter has the meaning given in the LLC Operating Agreement.
Sample 1

Examples of Satisfactory Equity Commitment Letter in a sentence

  • The execution and delivery by such Person of the Parent Guaranty (solely in the case of the Private Owner Guarantor) and (so long as any portion of the requirements set forth in clause (v) of Section 10.1(a) or clause (v) of Section 10.2(a) are being purported to be satisfied by a Satisfactory Equity Commitment Letter) the Satisfactory Equity Commitment Letter and the consummation of the transactions contemplated thereby have been duly and validly authorized by all necessary action.

Related to Satisfactory Equity Commitment Letter

  • Equity Commitment Letter has the meaning set forth in Section 5.5(a).

  • Equity Commitment Letters has the meaning set forth in Section 6.6(a).

  • Equity Commitment means (a) options, warrants, convertible securities, exchangeable securities, subscription rights, conversion rights, exchange rights, or other Contracts that could require a Person to issue any of its Equity Interests or to sell any Equity Interests it owns in another Person; (b) any other securities convertible into, exchangeable or exercisable for, or representing the right to subscribe for any Equity Interest of a Person or owned by a Person; (c) statutory pre-emptive rights or pre-emptive rights granted under a Person's Organizational Documents; and (d) stock appreciation rights, phantom stock, profit participation, or other similar rights with respect to a Person.

  • Debt Commitment Letter has the meaning set forth in Section 6.6.

  • Commitment Letters has the meaning set forth in Section 4.5.

  • Debt Commitment Letters shall have the meaning set forth in Section 5.7(a), as supplemented by Section 6.11, as applicable.

  • SBIC Equity Commitment means a commitment by the Borrower to make one or more capital contributions to an SBIC Subsidiary.

  • Commitment Agreement means the written agreement that may be required at EDTI’s sole discretion between a Customer and EDTI whereby the Customer both authorizes the design and construction of new or expanded Facilities and agrees to pay all cancellation costs if the project is cancelled or if the Customer fails to sign an Electric Service Agreement prior to the energization of the new or expanded Facilities;

  • Backstop Commitment Agreement means that certain Backstop Commitment Agreement, by and between CEOC and the PropCo Preferred Backstop Investors party thereto from time to time, as the same may be amended, amended and restated, supplemented, or otherwise modified from time to time in accordance with its terms, the form of which shall be included in the Plan Supplement.

  • Commitment Letter has the meaning set forth in Section 5.7.

  • Incremental Facility Agreement means an Incremental Facility Agreement, in form and substance reasonably satisfactory to the Administrative Agent, among the Borrower, the Administrative Agent and one or more Incremental Lenders, establishing Incremental Term Loan Commitments of any Series or Incremental Revolving Commitments and effecting such other amendments hereto and to the other Loan Documents as are contemplated by Section 2.20.

  • Incremental Commitment Agreement means each Incremental Commitment Agreement in the form of Exhibit R (appropriately completed) executed and delivered in accordance with Section 2.14.

  • Post Closing Letter is that certain Post Closing Letter dated as of the Effective Date by and between Collateral Agent and Borrower.

  • Credit Facility Agreement means any agreement pursuant to which a Credit Facility Issuer issues a Credit Facility.

  • Financing Commitment shall have the meaning set forth in Section 6.4.

  • Financing Commitments has the meaning set forth in Section 5.7.

  • Collateral Acquisition Agreements means each of the agreements entered into by the Issuer in relation to the purchase by the Issuer of Collateral Debt Obligations from time to time.

  • Equity Contribution Agreement means the Equity Contribution Agreement, to be dated as of the Closing Date, by and among Guarantor, Borrower and Administrative Agent.

  • Equity Financing means the next sale (or series of related sales) by the Company of its Equity Securities to one or more third parties following the date of this instrument from which the Company receives gross proceeds of not less than $1,000,000 cash or cash equivalent (excluding the conversion of any instruments convertible into or exercisable or exchangeable for Capital Stock, such as SAFEs or convertible promissory notes) with the principal purpose of raising capital.

  • Replacement Letter of Credit means any letter of credit issued pursuant to a Replacement Revolving Facility.

  • Senior Facility Agreement means the Facility Agreement dated 27 June 2016 (as amended from time to time) between, among others, Bendon Limited (as initial borrower) and the Debtor (as initial guarantor), and all other loan facility agreement(s) between (among others) the Senior Creditor and the Debtor from time to time and also includes each other document evidencing the provision of, or setting out the terms that apply to, any Senior Debt (of whatever nature) made or to be made available by the Senior Creditor to the Debtor from time to time (howsoever documented).

  • Backstop Commitment has the meaning set forth in Section 2.2(b).

  • Incremental Facility Amendment has the meaning specified in Section 2.14(d).

  • Term Facility Commitment means the commitment of a Term Lender to make Term Loans, including Initial Term Loans and/or Other Term Loans.

  • Next Equity Financing means the next sale (or series of related sales) by the Company of its Preferred Stock following the Date of Issuance from which the Company receives gross proceeds of not less than $1,000,000 (excluding the aggregate amount of securities converted into Preferred Stock in connection with such sale (or series of related sales)).

  • Incremental Term Loan Assumption Agreement means an Incremental Term Loan Assumption Agreement in form and substance reasonably satisfactory to the Administrative Agent, among the Borrower, the Administrative Agent and one or more Incremental Term Lenders.