Minimum Equity Contribution definition
Minimum Equity Contribution has the meaning specified in the definition of “Equity Contribution.”
Minimum Equity Contribution means a minimum equity injection in the Borrower by the Parent and other shareholders of the Borrower in an aggregate amount of not less than [***] as shown on the balance sheet of the Borrower as at the Original Closing Date.
Minimum Equity Contribution shall have the meaning set forth in Section 6.04.
Examples of Minimum Equity Contribution in a sentence
The Equity Contribution shall have been (or substantially concurrently with the effectiveness of this Agreement shall be) consummated in an amount not less than the Required Minimum Equity Contribution Amount (as such amount may be modified pursuant to clause (f) below).
On or prior to the Closing Date, the Sponsors, Co-Investors and Company Persons will, directly or indirectly make the Minimum Equity Contribution.
Equity Contributions required to be in compliance with the Maximum Project Funding Ratio and the Debt Sizing Criteria shall have been paid to the Borrower or any Subsidiary thereof (or to the applicable payee if made through the payment of Project Costs on behalf of a Project), or otherwise credited to the Projects in the case of previously funded Equity Contributions, in an amount not less than the Allocated Minimum Equity Contribution, and as certified by the Independent Engineer.
The terms of any preferred equity issued in connection with the Minimum Equity Contribution shall be acceptable to the Administrative Agent.
The Equity Contribution shall have been (or substantially concurrently with the funding of the Tranche B Term Loans on the Closing Date shall be) consummated in an amount not less than the Required Minimum Equity Contribution Amount (as such amount may be modified pursuant to clause (f) below).
More Definitions of Minimum Equity Contribution
Minimum Equity Contribution means, as at the relevant date of calculation, one or more Equity Investments in the Company in an aggregate amount equal to not less than 50 per cent of the aggregate amount of:
Minimum Equity Contribution means a minimum equity injection in the Borrower by the Parent and other shareholders of the Borrower in an aggregate amount of not less than Twenty Million Dollars ($20,000,000) as shown on the balance sheet of the Borrower as at the Closing Date.
Minimum Equity Contribution has the meaning specified in the definition of “Equity Contribution”. “Moody’s” means ▇▇▇▇▇’▇ Investors Service, Inc. 34 [[NYCORP:3713047v14:05/10/2018--10:17 PM]]
Minimum Equity Contribution means 30 per cent. of the Asset Costs calculated as at the date of this Agreement.
Minimum Equity Contribution has the meaning specified in the definition of “Equity Contribution.” “Minimum Tender Condition” has the meaning specified in Section 2.19(b). “Minority Investment” means any Person other than a Subsidiary in which a Borrower or any Restricted Subsidiary owns any Equity Interests. “Moody’s” means ▇▇▇▇▇’▇ Investors Service, Inc. and any successor thereto. “Mortgage Policy” and/or “Mortgage Policies” means a loan policy, or pro forma loan policy accompanied by an unconditional binder of title insurance covering such interest in the Mortgaged Property in an amount at least equal to the fair market value of such Mortgaged Property (or such lesser amount as shall be specified by the Collateral Agent) insuring the first priority Lien of each such Mortgage as a valid Lien on the property described therein, free of any other Liens (other than Permitted Liens), together with such customary endorsements, coinsurance and reinsurance as the Collateral Agent may reasonably request and in form and substance reasonably satisfactory to the Collateral Agent. “Mortgaged Properties” means the property on which Mortgages are required pursuant to Section 6.11. “Mortgages” means, collectively, the deeds of trust, trust deeds, hypothecs and mortgages made by the Loan Parties in favor or for the benefit of the Collateral Agent for the benefit of the Secured Parties, and any other mortgages, deeds of trust, trust deeds and hypothecs executed and delivered pursuant to Section 6.11. “Multiemployer Plan” means any multiemployer plan as defined in Section 4001(a)(3) of ERISA and subject to Title IV of ERISA, to which any Loan Party or any of their respective ERISA Affiliates makes or is obligated to make contributions, or during the preceding five plan years, has made or been obligated to make contributions. “Net Cash Proceeds” means, with respect to: (a) the Disposition of any asset by a Borrower or any Restricted Subsidiary or any Casualty Event, the excess, if any, of: (i) the sum of cash and Cash Equivalents received in connection with such Disposition or Casualty Event (including any cash and Cash Equivalents received by way of deferred payment pursuant to, or by monetization of, a note receivable or otherwise, but only as and when so received and, with respect to any Casualty Event, any insurance proceeds or condemnation awards in respect of such Casualty Event actually received by or paid to or for the account of a Borrower or any of the Restricted Subsidiaries), over (ii) the ...
Minimum Equity Contribution means the receipt by the Company after the date hereof (the receipt of which is confirmed by the Company in a written notice directed to Lender) of net cash proceeds by private placement, public offering or otherwise of at least Twenty Million Dollars ($20,000,000) with the issuance of shares in compliance with the registration requirements of the Securities Act of 1933 or exemptions thereto; provided, however, that in determining whether the Minimum Equity Contribution has been satisfied, the conversion of any shares of the Existing Convertible Preferred Stock into shares of Common Stock shall also be taken into account in accordance with the following formula: the dollar amount attributable to the conversion of the Existing Convertible Preferred Stock shall be (i) the quotient obtained by dividing the number of shares of the Existing Convertible Preferred Stock so converted by the total number of shares of the Existing Convertible Preferred Stock, (ii) multiplied by Twenty Million Dollars ($20,000,000).
Minimum Equity Contribution has the meaning specified in the definition of “Equity Contribution”. “Maturity Date” means the Scheduled Revolving Credit Termination Date, the Term Loan Maturity Date, each Incremental Term Loan Maturity Date or the final scheduled maturity of any other Facility hereunder. “▇▇▇▇▇’▇” means ▇▇▇▇▇’▇ Investors Service, Inc. “Mortgage” means any mortgage, deed of trust or equivalent document executed or required herein to be executed by any Loan Party and granting a security interest over fee-owned real property in favor of the Administrative Agent as security for the Obligations. “Mortgage Supporting Documents” means, with respect to any Mortgage for a parcel of owned real property owned by a U.S. Loan Party, each document (including title policies or marked-up unconditional insurance binders (in each case, together with copies of all documents referred to therein), maps, ALTA/NSPS (or TLTA, if applicable) as-built surveys (in form and as to date that is sufficiently acceptable to the title insurer issuing title insurance to the Administrative Agent for such title insurer to deliver endorsements to such title insurance as reasonably requested by the Administrative Agent; provided that, in lieu of a zoning endorsement, the Administrative Agent will accept a zoning report), environmental assessments and reports in form and substance reasonably acceptable to the Administrative Agent (in the case of owned real property acquired after the Closing Date having a fair market value on the date of acquisition in excess of $7,500,000) and evidence regarding recording and payment of fees, insurance premium and taxes) and customary legal opinions of local counsel for the relevant U.S. Loan Party in such real property is located that the Administrative Agent may reasonably request, to create, register, perfect, maintain, evidence the existence, substance, form or validity of or enforce a valid lien on such parcel of real property in favor of the Administrative Agent for the benefit of the Secured Parties, subject only to Permitted Liens such Liens as the Administrative Agent may approve. 44 [[5286738]]