Equity Arrangements definition
Examples of Equity Arrangements in a sentence
For the avoidance of doubt, the Luxembourg Equity Arrangements shall not be considered Disqualified Stock.
Prior to the satisfaction of the requirements of clause (ii) of the fist sentence of this Section 10.7 (d), the Parent Borrower will not permit any waiver, amendment, modification or termination of the Delayed Equity Arrangements or fail to enforce its right under the Delayed Equity Arrangements if the result of any of the foregoing would be adverse in any material respect to the Lenders.
This Agreement and the Equity Arrangements represents the entire agreement relating to employment between the Company and Employee and supersedes all previous oral and written and all contemporaneous oral negotiations or commitments, writings and other understandings, including the Employment Agreement which, at the Effective Date, shall be deemed to be terminated and of no further force or effect.
The Financing Arrangements and the Equity Arrangements remain in full force and effect.
None of the Borrower or any Subsidiary thereof shall establish or maintain any Subsidiaries other than (a) in connection with any Acquisition Document or Permitted Tax Equity Arrangements or (b) as otherwise deemed reasonably prudent by the Borrower in its good faith judgment in connection with any Project.
Delivery of a due diligence summary prepared by Sponsor or its counsel in connection with the acquisition of such Project, together with any existing environmental reports in the possession of the Borrower or any of its Affiliates, including to the extent such reports have been prepared in connection with any Permitted Tax Equity Arrangements or Acquisition Documents.
With respect to any Construction Project, there are sufficient available disbursements under the Revolving Credit Facility, when taken together with the proceeds of the Equity Contributions on deposit on the Revenue Account and amounts to be provided pursuant to Sponsor Equity Commitments and Permitted Tax Equity Arrangements to provide sufficient funds to achieve Commercial Operation and Completion prior to such Project’s Project Date Certain.
Buyer has received and delivered to the Company executed commitment letters with respect to debt financing of up to $420 million (the "Financing Arrangements") and equity financing of up to $356 million (the "Equity Arrangements" and, collectively with the Financing Arrangements, the "Arrangements").
To the extent not otherwise terminated as of the Closing pursuant to the terms of such agreement, the Company shall terminate the Company Equity Arrangements effective on or prior to the Closing Date, in accordance, where practicable, with the form of termination agreement attached hereto as Exhibit E, and there shall be no liabilities or obligations to be satisfied or performed by the Company under any of the Company Equity Arrangements as of the Closing.
The Employer and the Employee will work together to finalize the definitive documents incorporating the terms set forth on Exhibit A hereto and governing the Equity Arrangements as soon as reasonably practicable following the date of this Agreement.