Equity Contribution Account definition

Equity Contribution Account means, with respect to each Class of Units held by each Member only and at any time, the aggregate amount contributed by such Member to the capital of the Company pursuant to Section 3.01 with respect to such Member’s Units of such Class at or before such time, reduced by any Cash Flow distributed to such Member pursuant to Section 5.01(b) or 5.01(c) before such time to the extent attributable to such Member’s Units of such Class.
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Equity Contribution Account shall have the meaning set forth in the Collateral Agency Agreement.
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Equity Contribution Account has the meaning given to it in Clause 19.5 (Equity Contribution Account).
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Examples of Equity Contribution Account in a sentence

  • All funds held in the Company Equity Contribution Account (including those funds transferred from the Company Equity Contribution Account to the Operating Account) shall be utilized to fund the construction of, or to provide working capital for, MGM National Harbor prior to the utilization of any funds held in the Term A Loan Proceeds Account or the Revolving Loan Proceeds Account.

  • Each of the Agent Accounts shall be segregated from each other and assets maintained in the Agent Accounts are owned beneficially by the Borrower, subject to the terms and conditions of this Agreement and the Account Control Agreements; provided that funds held in the Company Equity Contribution Account, Term A Loan Proceeds Account and the Revolving Loan Proceeds Account may be transferred into the Operating Account to be utilized in accordance with sub-clauses (a)-(e) of this Section 6.07.

  • If the Increase Effective Date is prior to the Final Completion Date, any borrowings to be made on the Increase Effective Date shall be accompanied by the consummation of a Matching Equity Contribution by MGM Resorts to the Borrower (in the form of common Equity Interests) in an amount equal to the amount required by Section 4.02(e), with the proceeds thereof to be deposited in the Company Equity Contribution Account and available to be used in accordance with Section 6.07.

  • The Board continues to review the Group’s ability to embark on a progressive dividend strategy alongside the cash requirements to fund its expansion plans.

  • DOE shall have received, in form and substance satisfactory to DOE, certification from Kahuku Holdings, the Sponsor and the Collateral Agent, and such other evidence as DOE may reasonably request, that the amount of Base Equity required with respect to Advances made as of the date of the updated Advance Schedule has been funded through allocations of the Approved Pre-Closing Equity Credit or amounts transferred from the Equity Contribution Account as required under the Equity Funding Agreement.

  • The Committee shall create and maintain such separate accounts for each Participant as shall be needed or convenient, including, initially, a Company Discretionary Contribution Account, a Salary Reduction Contribution Account, an Equity Contribution Account, an Equity Bonus Contribution Account (if applicable), an ESOP (or other) Rollover Account and a Matching Contribution Account.

  • On or prior to the Closing Date, the Borrowers shall cause an amount equal to the amount specified to be deposited into the Opco Equity Contribution Account pursuant to Section 3.1(c) of the Credit Agreement to be deposited into the Opco Equity Contribution Account.

  • On or prior to the date that is nine (9) Business Days prior to the Requested Advance Date, the Borrower shall cause Equity Contributions to be allocated from the Approved Pre-Closing Equity Credit, disbursed from the Equity Contribution Account or contributed in cash in an aggregate amount such that, after giving effect to all Advances to be made on such Requested Advance Date, the Debt-to-Equity Contribution Ratio is not more than 79:21.

  • The Parent undertakes to the Borrower and the Finance Parties that the Initial Equity Contribution shall be paid in full into the Equity Contribution Account on or prior to the delivery of the first Utilisation Request.

  • Borrower may apply amounts on deposit in the Equity Contribution Account for any purpose related to the Property, the Loan or the business or operations of Borrower, other than to make a distribution to any Person (other than a Co-Borrower), including, without limitation, to pay Property Operating Expenses, Capital Expenditures and FF&E expenses, to make prepayments of the Loan pursuant to Section 2.1 and to transfer amounts on deposit therein to the Gaming Operating Reserve.


More Definitions of Equity Contribution Account

Equity Contribution Account means account number H10-740-047169 of the Borrower held with the Depositary Bank or such other financial institution as the Borrower may from time to time select. “Equity Interests” means, with respect to any Person, all of the shares, interests, rights, participations or other equivalents (however designated) of capital stock of (or other ownership or profit interests or units in) such Person and all of the warrants, options or other rights for the purchase, acquisition or exchange from such Person of any of the foregoing (including through convertible securities). “Equity Overfunding Event” occurs when (a) the sum of (i) the balance of cash and Cash Equivalents credited to the Equity Commitment Account and (ii) all Available Draw Amounts in 166 KE 73718588.20 US-DOCS\142539518.2141222994.8 respect of all Equity Commitment L/Cs exceeds the Minimum Equity Contribution Amount and (b) such cash and Cash Equivalents in excess of the Minimum Equity Contribution Amount does not constitute Acceptable Credit Support. “Equity Sale” means a Disposition of the Equity Interests owned by the Borrower in the Double E Joint Venture. “ERISA” means the Employee Retirement Income Security Act of 1974, as amended from time to time. “ERISA Affiliate” means (a) any trade or business (whether or not incorporated) that, together with the Borrower, is treated as a single employer under Section 414(b) or (c) of the Code, or solely for purposes of Section 302 of ERISA and Section 412 of the Code, is treated as a single employer under Section 414 of the Code or (b) any entity (whether or not incorporated) that is under common control within the meaning of Section 4001(a)(14) of ERISA with the Borrower. “ERISA Event” means (a) a Reportable Event; (b) a withdrawal by the Borrower or any ERISA Affiliate from a Pension Plan subject to Section 4063 of ERISA during a plan year in which it was a substantial employer (as defined in Section 4001(a)(2) of ERISA) or a cessation of operations that is treated as such a withdrawal under Section 4062(e) of ERISA; (c) a complete or partial withdrawal by the Borrower or any ERISA Affiliate from a Multiemployer Plan; (d) the filing by the PBGC of a notice of intent to terminate any Pension Plan, the treatment of a Pension Plan or Multiemployer Plan amendment as a termination under Section 4041 or Section 4041A of ERISA, respectively, or the commencement of proceedings by the PBGC to terminate a Pension Plan or Multiemployer Plan; (e) an event or co...
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Equity Contribution Account means the Collateral Account so named in the Undertaking and Security Agreement.
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Equity Contribution Account means account number [***] of the Borrower held with the Depositary Bank or such other financial institution as the Borrower may from time to time select.
Sample 1
Equity Contribution Account has the meaning set forth in the Depositary Agreement.
Sample 1

Related to Equity Contribution Account

  • Company Contribution Account means (i) the sum of the Participant’s Company Contribution Amounts, plus (ii) amounts credited or debited to the Participant’s Company Contribution Account in accordance with this Plan, less (iii) all distributions made to the Participant or his or her Beneficiary pursuant to this Plan that relate to the Participant’s Company Contribution Account.

  • Rollover Contribution Account means the separate Account maintained for a Member to record such Member's share of the Trust Fund attributable to any Rollover Contribution made to the Plan on his behalf.

  • Principal Distribution Account means the account by that name established and maintained pursuant to Section 4.1 of the Sale and Servicing Agreement.

  • Voluntary Contribution Account means the account established and maintained by the Administrator for each Participant with respect to his total interest in the Plan resulting from the Participant's nondeductible voluntary contributions made pursuant to Section 4.12.

  • Equity Contributions means the equity to be contributed by the Equity Investor to Borrower, in accordance with and subject to the terms of the Partnership Agreement.

  • Contribution Account means an account, or accounts, into which the Accountholder and employer contributions are deposited by the TPA, and from which HSA dollars are swept into the Cash Account.

  • Employer Contribution Account means, for any Participant, the account established by the Administrator or Trustee to which Employer Contributions made under Section 3.5 for the Participant's benefit are credited.

  • Pre-Funding Account means the account designated as the Pre-Funding Account in, and which is established and maintained pursuant to Section 7.07.

  • Note Distribution Account means the account designated as such, established and maintained pursuant to Section 5.1.

  • Matching Contribution Account means the separate, individual account established on behalf of a Participant to which the Matching Contributions made on such Participant's behalf are credited, together with all earnings and appreciation thereon, and against which are charged any withdrawals, loans and other distributions made from such account and any losses, depreciation or expenses allocable to amounts credited to such account.

  • Equity Contribution has the meaning assigned to such term in the Recitals to this Agreement.

  • Interest Funding Account shall have the meaning specified in subsection 4.2(b).

  • Interest Collection Account A sub-account of the Collection Account created and maintained on the books and records of the Securities Intermediary entitled “Interest Collection Account” in the name of the Borrower and subject to the Lien of the Collateral Agent for the benefit of the Secured Parties.

  • Investment Account As defined in Section 3.12(a).

  • Funding Account has the meaning assigned to such term in Section 4.01(h).

  • Principal Funding Account Balance means, with respect to any date of determination, the principal amount, if any, on deposit in the Principal Funding Account on such date of determination.

  • Prefunding Account The separate Eligible Account created and maintained by the Trustee pursuant to Section 3.06(g) in the name of the Trustee for the benefit of the Certificateholders and designated “U.S. Bank National Association, in trust for registered holders of Home Equity Asset Trust 2004-2, Home Equity Pass-Through Certificates, Series 2004-2. Funds in the Prefunding Account shall be held in trust for the Certificateholders for the uses and purposes set forth in this Agreement and shall not be a part of any REMIC created hereunder; provided, however, that any investment income earned from Permitted Investments made with funds in the Prefunding Account shall be for the account of the Depositor.

  • Rollover Account means the account established hereunder to which amounts transferred from a qualified plan or individual retirement account in accordance with Section 4.6 are allocated.

  • Principal Accumulation Account Balance means, for any date of determination, the principal amount, if any, on deposit in the Principal Accumulation Account on such date of determination.

  • Transaction Account means a cash account established and maintained by Repo Custodian for the Funds to effect repurchase transactions pursuant to the Master Agreement.

  • Series Distribution Account shall have the meaning specified in Section 8.

  • Distribution Accounts Collectively, the Upper-Tier REMIC Distribution Account, the Lower-Tier REMIC Distribution Account, the Excess Interest Distribution Account (and in each case any subaccount thereof), all of which may be subaccounts of a single Eligible Account.

  • Excess Funding Account shall have the meaning specified in subsection 4.2(d).

  • Principal Collection Account A sub-account of the Collection Account created and maintained on the books and records of the Securities Intermediary entitled “Principal Collection Account” in the name of the Borrower and subject to the Lien of the Collateral Agent for the benefit of the Secured Parties.

  • Interest Collection Subaccount The meaning specified in Section 10.2(a).

  • Note Payment Account means the account established and maintained as such pursuant to Section 4.1(b).