Sponsor Equity Contribution definition

Sponsor Equity Contribution shall have the meaning set forth in Section 4.09.

Sponsor Equity Contribution means an Equity Contribution contributed after the Eighth Amendment Effective Date (other than the proceeds of the Eighth Amendment Contribution or any proceeds thereof).

Sponsor Equity Contribution means the Investment by the Sponsor or one or more of its Affiliates in the Parent; provided that the Sponsor Equity Contribution shall be an acquisition by the Sponsor or one or more of its Affiliates of the Equity Interests of the Parent for cash consideration only.

Examples of Sponsor Equity Contribution in a sentence

• Parent shall have made an equity contribution to the Borrower in an amount equal to the Sponsor Equity Contribution.

• The aggregate equity value (new cash plus retained equity) of the Sponsor Equity Contribution and the shares of the Company's capital stock retained by the Retaining Shareholders, when valued at the tender offer price, will be approximately $25,800,000.

• Sponsor Equity Contribution Agreement This Agreement shall become effective when each Party hereto shall have received an executed counterpart of this Agreement, and an executed counterpart delivered by fax, .pdf or other means of electronic communications shall be deemed to be an original and shall be as effective for all purposes as delivery of a manually executed counterpart.

• Any authorized assignment of this Agreement by any Party shall relieve such Party of its obligations hereunder at such time as the authorized successor agrees in Sponsor Equity Contribution Agreement writing to be bound by such assigning Party’s obligations hereunder.

• If for any reason the full amount of any Sponsor Equity Contribution is not made by Sponsor on the relevant Equity Contribution Date, Administrative Agent is hereby irrevocably authorized and directed to immediately make a claim under the Equity Contribution Support Instrument for an amount equal to the amount of the Sponsor Equity Contribution that was to have been made on such date.

More Definitions of Sponsor Equity Contribution

Sponsor Equity Contribution means the issuance by Holdings of any equity securities or other equity interests of Holdings to one or more Permitted Holders to the extent that the Net Cash Proceeds therefrom are committed to finance a Consolidated Capital Expenditure at the time of such issuance and are used to finance a Consolidated Capital Expenditure within 270 days after such Net Cash Proceeds are received.

Sponsor Equity Contribution means a contribution of an aggregate amount of not less than $120,000,000 (less the aggregate amount of the Management Equity Contribution and the Investor Equity Contribution) in cash to Holdings as common equity.

Sponsor Equity Contribution shall have the meaning given to such term in Section 4.01(n). “Stated Amount” shall mean, with respect to any Letter of Credit at any time, the aggregate amount available to be drawn thereunder at such time (regardless of whether any conditions for drawing could then be met).

Sponsor Equity Contribution shall have the meaning provided in the preamble to this Agreement.

Sponsor Equity Contribution has the meaning specified therefor in the Recitals of this Agreement.

Sponsor Equity Contribution means the direct or indirect contribution by the Sponsors and certain other Permitted Investors to Holdings of an aggregate amount of not less than $184,000,000 (not less than $135,000,000 of which shall be contributed by the Sponsors), in exchange for the issuance to the Sponsors and such other Permitted Investors of Equity Interests of Holdings representing 100% (not less than 58% in the aggregate to be represented by the Equity Interests issued to the Sponsors) of the issued and outstanding Equity Interests of Holdings immediately after giving effect to the Transactions.

Sponsor Equity Contribution is defined in the fifth recital.