Examples of Equity Contribution Agreement in a sentence
As of the date of the Construction/Term Loan Borrowing, the Pledgor shall be in compliance with its obligation to maintain Equity Credit Support in accordance with Section 2.2 (Equity Credit Support) of the P1 Equity Contribution Agreement.
Cash Collateral Account shall be transferred to (i) the Equity Funding Sub-Account of the Construction Account on each Capital Contribution Date (as defined in the Equity Contribution Agreement) or (ii) the Collateral Agent in accordance with Section 5.1 of the Equity Contribution Agreement (for the avoidance of doubt, in each case of this clause (b), without transfer of such funds to the Revenue Account for application pursuant to Section 5.03(b) or satisfaction of the Restricted Payment Conditions).
For the elimination of doubt, P1 JVCo Contribution Requests made in respect of the Committed Members’ respective P1 Committed Amounts shall be made commensurately and concurrently with Equity Contribution Requests (as defined in the Equity Contribution Agreement), which shall in each case be in an amount determined by the Board (subject to Section 3.2), and delivered to Holdings in accordance with the terms of the Equity Contribution Agreement.