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.

• In the event that any Sponsor Equity Contribution is not made on the related Equity Contribution Date, the amount of such delinquent Sponsor Equity Contribution shall bear interest at the Default Rate (computed on the basis of a 365 or 366 day year, as the case may be, and the actual days elapsed) until such time as such Sponsor Equity Contribution is made.

• 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.

• To support its obligations in paragraph 4 above and as a condition precedent to the first utilisation, each sponsor (other than Habib Bank), agreed to procure the issue of and delivery to the Intercreditor Agent, and maintain until such obligations have been discharged in full, a Sponsor Equity Contribution LC.

• The Company or its affiliates shall procure a Sponsor Equity Contribution LC in favour of the Power Project Company, and for the face value of the outstanding amount of the Sponsor Equity Commitment of the Company.

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 the equity contribution in an aggregate amount of cash of not less than U.S.$450,000,000 from the Sponsor, directly or indirectly, to the Borrower.

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 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.

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

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