Base Equity Contributions. The Senior Lenders have received (i) bank statements, in form and substance satisfactory to them, demonstrating that Base Equity Contributions in an aggregate amount of no less than sixteen million two hundred thousand Dollars ($16,200,000) (or its equivalent in any other currency) have been made in the form of either (A) subscriptions and payments in cash for Share Capital of the Borrower, (B) non-interest bearing irrevocable shareholders’ advances (aportes irrevocables a cuenta de futuras suscripciones de acciones) or (C) Sponsor Party Subordinated Loans and (ii) a certificate from the Auditors confirming that Base Equity Contributions in an aggregate amount of no less than four million eight hundred thousand Dollars ($4,800,000) (or its equivalent in any other currency) have been made in the form of property contributed in-kind (aportes en especie) as adequately reflected in the books of account (registro contable) of the Borrower.
Base Equity Contributions. (a) Prior to the date hereof, the Sponsor has made, or caused to be made, Equity Contributions to the Borrower in an aggregate amount equal to forty million six hundred seventy one thousand ninety nine Dollars and sixty eight cents ($40,671,099.68) (or its equivalent in any other currency) (the “Initial Base Equity Contributions”) as evidenced by bank statements, in form and substance satisfactory to the Senior Lenders, demonstrating that the Initial Base Equity Contributions have been made.
Base Equity Contributions. (a) Prior to the date hereof, the Sponsor has made, or caused to be made, Equity Contributions to the Borrower in an aggregate amount equal to twenty-one million Dollars ($21,000,000) (or its equivalent in any other currency) (the “Initial Base Equity Contributions”) as evidenced by bank statements demonstrating contributions in an aggregate amount of not less than sixteen million two hundred thousand Dollars ($16,200,000) (or its equivalent in any other currency) and a certificate from the Auditors confirming that Base Equity Contributions in an aggregate amount of not less than four million eight hundred thousand Dollars ($4,800,000) (or its equivalent in any other currency) have been made.
Base Equity Contributions
