Common use of Equity Injection Clause in Contracts

Equity Injection. Borrower shall provide evidence in a form satisfactory to Bank, of Borrower’s thirty (30%) percent equity injection paid up front for Public Service Commission related capital expenditure projects prior to Borrower requesting any loan advances from Bank.

Appears in 2 contracts

Sources: Credit Agreement (Corning Natural Gas Holding Corp), Credit Agreement (Corning Natural Gas Holding Corp)

Equity Injection. Borrower shall provide have provided evidence in a form satisfactory to Bank, of Borrower’s thirty (30%) percent equity injection required to be paid up front for Public Service Commission related capital expenditure projects prior to Borrower requesting any loan advances from Bank.

Appears in 1 contract

Sources: Credit Agreement (Corning Natural Gas Holding Corp)