Equity Support Sample Clauses

Equity Support. 25.2.1 Subject to the conditions specified in this Clause 25.2, the Grant shall be credited to the Escrow Account and shall be applied by the Concessionaire for meeting the Total Project Cost (the “Equity Support”). 25.2.2 The Equity Support shall not exceed the sum specified in the Bid and as accepted by MOR, but shall in no case be greater than the Equity, and shall be further restricted to a sum not exceeding 30% (thirty per cent) of the Total Project Cost. For the avoidance of doubt, the Total Project Cost to be reckoned for the purposes of this Clause 25.2.2 shall include Equity Support.

Equity Support. Subject to the conditions specified in this Clause 25.2, the Grant shall be credited to the Escrow Account and shall be applied by the Concessionaire for meeting the Total Project Cost (the “Equity Support”).

Equity Support. 25.2.1 Subject to the conditions specified in this Clause 25.2, the Grant shall be credited to the Escrow Account and shall be applied by the Concessionaire for meeting the Total Project Cost (the “Equity Support”). 25.2.2 The Equity Support shall not exceed in sum specified in the Bid and as accepted by the Authority, but shall in no case be greater than the Equity, and shall be further restricted to a sum not exceeding 40% (forty percent) of the Total Project Cost. For the avoidance of doubt, the Total Project to be reckoned for the purposes of this Clause 25.2.2 shall include Equity Support. 25.2.3 Equity Support shall be due and payable to the Concessionaire after it has expended the Equity, and shall be disbursed proportionately along with the loan funds thereafter remaining to be disbursed by the Senior Lenders under the Financing Agreements. MPRDC shall disburse each tranche of the Equity Support as and when due, but not later than 15 (fifteen) days of receiving a request from the Concessionaire along with necessary particulars. 25.2.4 In the event of occurrence of a Concessionaire Default, disbursement of Equity Support shall be suspended till such Concessionaire Default has been cured by the Concessionaire. 25.2.5 Subject to the provisions of the Scheme of Financial Support to Public Private Partnership in Infrastructure as notified by the Central Government (the “Scheme for Financial Assistance”), the Government shall, for funding the Grant specified in Clause 25.1.1, use its best endeavours and provide all reasonable support to the Concessionaire for obtaining viability gap Funding under the Scheme for Financial Assistance. For the avoidance of doubt, it is expressly agreed that in the event of the Concessionaire being able to receive such viability gap funding for the Project, the same shall, for the purposes of this Agreement be deemed to be Grant by MPRDC hereunder, to be disbursed in accordance with the provisions of the Scheme for Financial Assistance. It is further agreed that MPRDC shall at all times discharge kits obligation to disburse Grant under and in accordance with this Article 25 whether or not funds are disbursed to the Concessionaire under the Scheme for Financial Assistance.

Equity Support. 26.2.1 Subject to the conditions specified in this Clause 26.2, the Grant shall be credited to the Escrow Account and shall be applied by the Concessionaire for meeting the Total Project Cost (the “Equity Support”). 26.2.2 The Equity Support shall not exceed the sum specified in the Bid and as accepted by the Authority but shall in no case be greater than twice the Equity and shall be further restricted to a sum not exceeding 40% (forty per cent) of the Total Project Cost. Provided, however that in the event Equity Support shall exceed 20% (twenty per cent) of the Total Project Cost, the amount in excess of such 20% (twenty per cent) shall be released against an irrevocable bank guarantee for 2 (two) years which may be invoked if the Concessionaire commits any breach of the obligations specified in this Agreement. For the avoidance of doubt, the Total Project Cost to be reckoned for the purposes of this Clause 26.2.2 shall include Equity Support.

Equity Support if, on 31st December, 2001, the ratio of the Borrowings of the Borrower to its Net Worth is in excess of 1:1, each Shareholder shall (without demand by the Borrower, the Agent or any Bank) severally provide Shareholder Funding to the Borrower within 14 days after that date in an amount equal to its Equity Commitment Percentage of the difference between (a) S$720,000,000 and (b) the aggregate amount of Shareholder Funding immediately prior to the provision of Shareholder Funding by that Shareholder on that date; and

Equity Support. 18.2.1. Subject to the conditions specified in this Clause 18.2, the Grant shall be credited to the Escrow Account and shall be applied by the Concessionaire for meeting the Total Project Cost (the “Equity Support”). 18.2.2. Equity Support shall be due and payable to the Concessionaire only after it has expended 80% of the committed Equity, and shall be disbursed only after the Concessionaire expends 50% of the Total Project Cost as per Financing Agreements or the Total Project Cost as submitted by the Concessionaire to the Authority. The Authority shall disburse the Equity Support as and when due, but no later than 15 (fifteen) days of receiving a request from the Concessionaire along with necessary particulars and an auditor certificate to that effect. 18.2.3. In the event of occurrence of a Concessionaire Default, disbursement of Equity Support shall be suspended till such time Concessionaire Default has been cured by the Concessionaire.

Equity Support. (a) Each Shareholder shall procure, provide and maintain in full force and effect a guarantee and/or the equity support instruments required from such Shareholder as set forth below (each such instrument, “Required Equity Support”): (i) in the case of VINCI Airports, the VINCI Airports Guarantee and the Astaldi Supplemental Guarantee – VINCI; (ii) in the case of ADP Management, the ADP Management Guarantee and the Astaldi Supplemental Guarantee – ADP; and (iii) in the case of Astaldi, one or more Astaldi Letters of Credit with an aggregate face value equal to or greater than the Minimum Face Value; provided that: (A) each of the VINCI Airports Guarantee and the ADP Management Guarantee shall be in an initial maximum guaranteed amount equal to VINCI Airports’ and ADP Management’s Shareholder Percentage respectively multiplied by the aggregate amount of the Additional Equity Commitment, the Contingent Equity Commitment and the Maximum VAT Coverage Base Equity Amount, in each case solely to guarantee payment of such Shareholder’s Shareholder Percentage of the Additional Equity, the Contingent Equity and the Maximum VAT Coverage Base Equity Amount; (B) the Astaldi Letters of Credit, which shall be in an aggregate face value at all times equal to or greater than the Minimum Face Value, are solely to guarantee payment of Astaldi’s Shareholder Percentage of the Additional Equity, the Contingent Equity and the VAT Coverage Base Equity Amount, in accordance with the order of priority set forth in Section 2.2(c); (C) the Astaldi Supplemental Guarantee - VINCI (x) in an initial maximum guaranteed amount equal to, after subtracting an amount equal to the initial face value of the Astaldi Letters of Credit, the product of (x) Astaldi’s Shareholder Percentage multiplied by the aggregate amount of the Additional Equity Commitment, the Contingent Equity Commitment and the VAT Coverage Base Equity Amount and (y) VINCI Airport’s Supplemental Guarantee Shareholder Percentage solely to guarantee payment of Astaldi’s Shareholder Percentage of the Additional Equity, the Contingent Equity and the VAT Coverage Base Equity Amount, in each case in accordance with the order of priority set forth in Section 2.2(c); and (D) the Astaldi Supplemental Guarantee - ADP (x) in an initial maximum guaranteed amount equal to, after subtracting an amount equal to the initial face value of the Astaldi Letters of Credit, the product of (x) Astaldi’s Shareholder Percentage multiplied by the aggreg...

Equity Support. Each letter of credit required under the Equity Contribution Agreement shall be reasonably satisfactory in all material respects to the Senior Parties, and such letters of credit shall be in full force and effect.

Equity Support. (i) Clause 16.22 (CRI LETTER OF CREDIT) of the Loan Agreement is deleted in its entirety and the following new clause 16.22 (EQUITY SUPPORT TRANSACTION) is inserted in its place: "Clause 16.22 (EQUITY SUPPORT TRANSACTION) The Borrower shall make best efforts to procure that the Rights Offering is concluded on or prior to 30 June 2000 and that the Principal Stockholders comply with and perform their obligations and liabilities under the Equity Support Agreements. The Borrower shall procure that the proceeds (if any) of any Rights Offering and the payments (if any) made under any of the Equity Support Agreements are paid directly into the CRI Disbursement Account.". (ii) Clause 18.17(b) (FINANCE DOCUMENTS) of the Loan Agreement is deleted in its entirety and the following new clause 18.17(b) (FINANCE DOCUMENTS) is inserted in its place: