Equity Credit Support definition

Equity Credit Support has the meaning assigned to such term in the P1 Equity Contribution Agreement.
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Equity Credit Support shall have the meaning given in the Equity Contribution Agreement.
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Equity Credit Support means either (a) one or more Equity Letters of Credit or (b) cash collateral deposited into the Equity Support Account.
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Examples of Equity Credit Support 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.


More Definitions of Equity Credit Support

Equity Credit Support means any commitment or undertaking to guaranty or otherwise support the Company’s obligations to provide equity financing in respect of any Project.
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Related to Equity Credit Support

  • QFC Credit Support has the meaning specified in Section 11.21.

  • Credit Support Instrument" "Credit Support Provider"

  • Eligible Credit Support means Eligible Collateral and Other Eligible Support.

  • Credit Support Provider has the meaning specified in the Schedule.

  • Credit Support Balance means, with respect to a Transferor on a Valuation Date, the aggregate of all Eligible Credit Support that has been transferred to or received by the Transferee under this Annex, together with any Distributions and all proceeds of any such Eligible Credit Support or Distributions, as reduced pursuant to Paragraph 2(b), 3(c)(ii) or 6. Any Equivalent Distributions or Interest Amount (or portion of either) not transferred pursuant to Paragraph 5(c)(i) or (ii) will form part of the Credit Support Balance.

  • Credit Support Amount has the meaning specified in Paragraph 3.

  • Company Credit Agreement means that certain Credit Agreement, dated as of March 8, 2019, among the Company, as borrower, the guarantors from time to time party thereto, the lenders and issuing banks from time to time party thereto and Bank of America, N.A., as administrative agent.

  • Alternate Credit Facility means any irrevocable direct pay letter of credit, insurance policy or similar credit enhancement or support facility for the benefit of the Trustee, the terms of which Alternate Credit Facility shall in all respects material to the registered owners of the Bonds be the same (except for the term set forth in such Alternate Credit Facility) as those of the Letter of Credit.