LTA LRA Equity Commitment definition

LTA LRA Equity Commitment means the commitment of Nalcor to invest in Labrador Transco, directly or through one or more of its Subsidiaries, in order to fund 18% of the Minimum LRA Requirement;

Examples of LTA LRA Equity Commitment in a sentence

  • The Required Contribution will be used to fund in the LRA 18% of the Minimum LRA Requirement as at the Commissioning Date and will therefore be deemed to be made under the LTA LRA Equity Commitment.