Common use of Equity Support Clause in Contracts

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. if, on 31st December, 2001, the ratio of the Borrowings of the Borrower to its Net Worth is in excess of 1:12.6:1, 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