Sponsor Contribution definition

Sponsor Contribution means the amount of the Sponsor’s own funds (if any) to be contributed to the Research Project as set out in the Application.

Sponsor Contribution means at any time on or after the date of a Sponsor Purchase, a Sponsor Affiliated Lender’s contribution of the Loans acquired in such Sponsor Purchase to Holdings (directly or through Subsidiaries of such Sponsor Affiliated Lender).

Sponsor Contribution means the contribution by the Sponsor in cash directly or indirectly to Buyer Sub in the form of common equity or preferred equity (having terms reasonably satisfactory to the Arrangers) (the “Permitted Equity”) in an aggregate amount, when taken together with the fair market value of all Permitted Equity rolled over, issued directly or indirectly to, or otherwise acquired directly or indirectly by, Management Stockholders (the “Other Equity”), not less than 25% of the sum of (i) the aggregate amount of the Initial Term Loans, Revolving Credit Loans and Second Lien Term Loans funded on the Closing Date and (ii) the equity capitalization of Buyer Sub and its Subsidiaries on the Closing Date after giving effect to the Transactions.

Examples of Sponsor Contribution in a sentence

• In full and final satisfaction, settlement, release, and discharge of and in exchange for each and every DIP New Money Loan Claim, on the Effective Date, each Holder of DIP New Money Loan Claims shall be paid in full in Cash from the proceeds of the Exit Facilities and Plan Sponsor Contribution (after satisfying the DIP Replacement Loan Claims), with such payments to be distributed to the DIP Agent on the Effective Date for the ratable benefit of the Holders of DIP New Money Loan Claims.

• The $200 million Plan Sponsor Contribution and the approximately$140 million of exit financing will fund the implementation of the Plan’s provisions providing for unimpaired treatment to all creditors and leave OA (as sole shareholder) unimpaired.

• Specifically, Optima Acquisitions LLC, a Delaware limited liability company (“OA” or the “Plan Sponsor”), which is the sole 100% common stock shareholder of Debtor Optima and is the Plan Sponsor, will fund the Plan with the Plan Sponsor Contribution, a $200 million cash equity contribution to Reorganized Optima as a contribution in respect of the Plan Sponsor’s outstanding and Unimpaired Existing Optima Common Stock.

• On the Effective Date, the Plan Sponsor shall fulfill its funding obligations under the Plan Support Agreement by contributing the Plan Sponsor Contribution to Reorganized Optima as a contribution to capital in respect of the Plan Sponsor’s outstanding and Unimpaired Existing Optima Common Stock.

• The Sponsor wishes to provide the University with the Sponsor Contribution in support of the Sponsorship Purpose.

More Definitions of Sponsor Contribution

Sponsor Contribution means the contribution by the Sponsor in cash directly or indirectly to Buyer Sub in the form of common equity or preferred equity (having terms reasonably satisfactory to the Arrangers) (the “Permitted Equity”) in an aggregate amount, when taken together with the fair market value of all Permitted Equity rolled over, issued directly or indirectly to, or otherwise acquired directly or indirectly by, Management Stockholders (the “Other Equity”), not less than 25% of the sum of (i) the aggregate amount of the First Lien Term Loans, Revolving Credit Loans and Initial Term Loans funded on the Closing Date and (ii) the equity capitalization of Buyer Sub and its Subsidiaries on the Closing Date after giving effect to the Transactions.

Sponsor Contribution as defined in Section 5.1(b)(iv). --------------------

Sponsor Contribution has the meaning set forth in the recitals to this Agreement.

Sponsor Contribution means a cash equity contribution made by the Sponsor (and certain other investors identified by the Sponsors to the Agents in writing prior to the date hereof) to TCA Acquisition in connection with the Merger in an aggregate amount which, together with the value of the Rollover Company Stock (each valued at the Per Share Merger Consideration amount), shall not be less than $220,000,000 (it being understood that the Sponsor Contribution will be represented by Common Stock; provided that the Sponsor Contribution will be increased (i) to the extent the Transaction Costs exceed $32,000,000 up to and including $34,000,000 minus any additional excess cash of the Borrower on the Closing Date applied to such excess, (ii) to the extent the Transaction Costs exceed $34,000,000 (such Transaction Costs, in any event, not to exceed $35,000,000) as described in Section 4.26 and (iii) to the extent of any increase in the Merger Consideration pursuant to the adjustment provisions of the Merger Agreement (other than any increase of up to $10,000,000 that is paid out of the proceeds of Revolving Loans as described in Section 4.13).

Sponsor Contribution means at any time on or after the date of a Sponsor Purchase, a Sponsor Affiliated Lender’s contribution of the Loans acquired in such Sponsor Purchase to Holdings (directly or through Subsidiaries of such Sponsor Affiliated Lender). “Sponsor Fund” means Rhone Partners III L.P., Rhone Offshore Partners III L.P. and Rhone Coinvestment III L.P. “Sponsor Letter” as defined in the definition of “Sponsor Affiliated Lender.” “Sponsor Purchase” means the purchase pursuant to a Dutch Auction by a Sponsor Affiliated Lender of Loans from Lenders participating in such Dutch Auction from time to time in accordance with Section 10.6 of the Credit Agreement; provided, that Sponsor Affiliated Lenders may make such purchases from other Sponsor Affiliated Lenders at any time. “Sponsor Purchase Cap Amount” means 30% of the aggregate principal amount of the Loans outstanding at any time.

Sponsor Contribution means at any time on or after the date of a Sponsor Purchase, a Sponsor Affiliated Lender’s contribution of the Term Loans acquired in such Sponsor Purchase to Holdings (directly or through Subsidiaries of such Sponsor Affiliated Lender). “Sponsor Fund” means Rhone Partners III L.P., Rhone Offshore Partners III L.P. and Rhone Coinvestment III L.P. “Sponsor Letter” as defined in the definition of “Sponsor Affiliated Lender.” “Sponsor Purchase” means the purchase pursuant to a Dutch Auction by a Sponsor Affiliated Lender of U.S. Term Loans, European Term Loans and/or New Term Loans from Lenders participating in such Dutch Auction from time to time in accordance with Section 10.6 of the Credit Agreement; provided, that Sponsor Affiliated Lenders may make such purchases from other Sponsor Affiliated Lenders at any time. “Sponsor Purchase Cap Amount” means 30% of the aggregate principal amount of the Loans and Commitments outstanding at any time. “Sponsor Sale” means the sale, assignment or transfer by a Sponsor Affiliated Lender of all or a portion of its rights and obligations under this Agreement, including, without limitation, all or a portion of its U.S. Term Loans, European Term Loans and/or New Term Loans owing to it, in accordance with Section 10.6. (b) Section 1.1 of the Credit Agreement is hereby amended by deleting the following definitions in their entirety and replacing them with the following definitions: 5

Sponsor Contribution shall have the meaning provided in Section 3.1.