Initial Equity definition

Initial Equity means the equity contributed by Thermo (or any other third party) pursuant to paragraph 11 (Equity Contribution) of Schedule 2 (Conditions Precedent) or issued to Thermo pursuant to paragraph 10 (Equity/Subordinated Debt) of Schedule 2 (Conditions Precedent).

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Initial Equity means the initial equity investment disbursed by the shareholders of the Operator plus any such other equity contributions approved by the Authority,

Initial Equity means the Membership Interests acquired by Fiat from the Company pursuant to the closing of the transactions under the Master Transaction Agreement.

Examples of Initial Equity in a sentence

The Initial Equity Award shall be subject to the terms of the Red Rock Resorts, Inc.
If a review by the Financial Model Auditor of the Initial Base Case Financial Model discloses errors or discrepancies in such financial model that results in a decrease to the Initial Equity IRR, the Initial Base Case Financial Model will be updated, subject to prior review and approval by the Department, to reflect any adjustments, however the Public Funds Amount will not change.
Except as otherwise provided in this Section 3, payment for the Initial Equity Securities shall be made to the Company in Federal or other funds immediately available at the time and place set forth in the Underwriting Agreement, upon delivery to the Manager for the respective accounts of the several Underwriters of the Initial Equity Securities.
In the event that a review by the Financial Model Auditor of the Initial Base Case Financial Model discloses errors or discrepancies in such financial model that results in an increase to the Initial Equity IRR in excess of five bps, the Public Funds Amount will be decreased in an amount so as to return the Base Case Equity IRR to the Initial Equity IRR, and the Initial Base Case Financial Model will be updated to reflect such adjustment.
At or prior to the Closing Date, Lender or the Borrower Parties, as may be appropriate, shall have executed and delivered or shall have caused to be executed and delivered to Lender, or as Lender may otherwise direct, the Loan Documents and such other documents, payments (including, without limitation, the Initial Equity Contribution), instruments and certificates, as Lender may require in form acceptable to Lender.

More Definitions of Initial Equity

Initial Equity means the product of: (i) $8.65 (which represents the Company’s most recently disclosed per share net asset value as of the Effective Date); and (ii) the Company’s total Common Stock outstanding as of the Effective Date.

Initial Equity means the amount of “Member’s Equity” shown in the “Sources of Funds” portion of the Budget (and includes the Deferred Developer Fee), provided that Initial Equity shall not include equity provided by any loan Financing Source in exchange for Tax Credits.

Initial Equity means, as of the date of termination of the PPP Contract, the initial equity investment disbursed by the Shareholders plus any such other equity contributions approved by the Contracting Authority, less the Distributions paid by the Private Partner to its Shareholders as of the date of termination of the PPP Contract.

Initial Equity shall have the meaning provided in Section 5.16. 80

Initial Equity. Any contribution by Project Sponsors to the initial total capital cost of a Project Borrower in the form of (i) equity or any financial instrument (including subordinated loans), the expected timing and amounts of payments under which and the associated rights and remedies of which are substantially similar to those of an equity interest and/or (ii) an irrevocable and unconditional commitment to purchase or acquire any of the foregoing by an Acceptable Credit Provider.

Initial Equity shall have the meaning given to such term in Section 3.1.

Initial Equity means an amount not less than $17,538,500. Upon the Effective Date, Borrower shall cause the Initial Equity to be contributed to or applied in payment of the costs and expenses incurred by Borrower in connection with Borrower’s acquisition of the Project, including the payment to Seller of a portion of the purchase price payable for the Project, concurrently with the disbursement of the proceeds of the Loan by Lender (none of which shall be removed as Borrower’s equity from the Project or utilized to pay any fees, costs, refunds or other charges for the Project or the Loan transaction except as may otherwise be approved by Lender in the exercise of its sole discretion).