Common use of Minimum Equity Clause in Contracts

Minimum Equity. Each Shareholder shall make Shareholder Contributions to the Borrower as capital, in an aggregate amount equal to the product of (A) seventy billion Pesos (CLP 70,000,000,000) and (B) such Shareholder’s Shareholder Percentage, in each case in accordance with the Concession Agreement (such Shareholder Contributions, collectively, the “Minimum Equity”); provided that (i) on the date hereof, each Shareholder shall have made, and each Shareholder hereby represents and warrants that it has made, Shareholder Contributions to the Borrower as capital, in cash, in an amount equal to at least fifty percent (50%) of such Shareholder’s Minimum Equity, and (ii) by no later than May 5, 2016, each Shareholder shall have made Shareholder Contributions, as capital, in cash, in an amount equal to the full amount of such Shareholder’s Minimum Equity.

Minimum Equity. Each Shareholder shall make Shareholder Contributions to the Borrower as capital, in an aggregate amount equal to the product of (A) seventy billion Pesos (CLP 70,000,000,000) and (B) such Shareholder’s Shareholder Percentage, in each case in accordance with the Concession Agreement (such Shareholder Contributions, collectively, the “Minimum Equity”); provided that (i) on the date hereofOriginal ECA Date, each Shareholder shall have made, and each Shareholder hereby represents and warrants that it has made, Shareholder Contributions to the Borrower as capital, in cash, in an amount equal to at least fifty percent (50%) of such Shareholder’s Minimum Equity, and (ii) by no later than May 5, 2016, each Shareholder shall have made Shareholder Contributions, as capital, in cash, in an amount equal to the full amount of such Shareholder’s Minimum Equity.