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)