Minimum Equity Requirement definition

Minimum Equity Requirement has the meaning given to such term in Section 4.2(b);

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Minimum Equity Requirement means $10,000,000.

Minimum Equity Requirement means, as at the relevant date of calculation, that the Equity Contributions are not less than 35% of the Capitalized Amount.

Examples of Minimum Equity Requirement in a sentence

If the value of my Equity falls below the Minimum Equity Requirement, I/we can only purchase up to the amount of cash available in our account.
Any amount contributed by Members on account of Stadium Completion Funds shall be deemed to be Equity, but shall not be included in the determination of compliance with the Minimum Equity Requirement nor be deemed to be Additional Equity.
No Disposition described in this Article XII shall reduce the Minimum Equity Requirement, provided that in the case of a Disposition of Securities of the Limited Partnership held by OSEG, the Minimum Equity Requirement shall thereafter be satisfied by OSEG and the transferee of the Disposed Securities pro rata to their respective holdings, if any, of Securities of the Limited Partnership.
The Minimum Equity Requirement will thereafter be reduced and repaid, and any Stadium Completion Funds will be reduced and repaid, on a “straight-line amortized” basis over a period of twenty-seven (27) years, commencing upon the third anniversary of the Operating Term Commencement Date of the Retail Lease.
Funds or security provided by the Members of OSEG to obtain a letter of credit or other similar security for the purpose of establishing the availability of the Minimum Equity Requirement, shall not be deemed to be Equity for the purpose of this Article IV.

More Definitions of Minimum Equity Requirement

Minimum Equity Requirement means the amount of equity that must be present in the account before a firm can lend the client any funds.

Minimum Equity Requirement means the minimum amount of equity investment in the Borrower which shall be maintained by Horizon, in the form of cash and/or Eligible Notes Receivable having an outstanding principal balance at all times prior to the Maturity Date of an amount equal to the greater of (a) $35,000,000 and (b) (i) (x) during the Ramp-Up Period or (y) at any time that there are fewer than thirty (30) unaffiliated Account Debtors with respect to the Eligible Note Receivables included in the Borrower Collateral, the sum of the Aggregate Outstanding Note Receivable Balance for the four (4) largest unaffiliated Account Debtors and (iii) (x) following the Ramp-Up Period and (y) at any time that there are thirty (30) or more unaffiliated Account Debtors with respect to the Eligible Note Receivables included in the Borrower Collateral, the sum of the Aggregate Outstanding Note Receivable Balance for the five (5) largest unaffiliated Account Debtors; provided, however, that at any time there are no outstanding Advances, the “Minimum Equity Requirement” shall be zero.

Minimum Equity Requirement has the meaning given to it in the Project Agreement;

Minimum Equity Requirement means that Guarantor owns fifty-one percent (51%) or more of the ownership interests in Borrower and Operating Lessee.

Minimum Equity Requirement means a contribution by way of equity or Subordinated Debt from the Parent to the Company in an amount equal to no less than 40 per cent. of the total aggregate of:

Minimum Equity Requirement means, at all times, 35% of total Project Costs of such Approved Eligible Project which is included in the Borrowing Base, which 35% shall constitute the capital contribution of the applicable Borrower (and, for purposes of such calculation, shall include all Project Costs funded by Sky Harbour LLC and/or any of its direct Subsidiaries in the Camarillo Airport Project as of the date such project is accepted in writing by the Administrative Agent as a Borrowing Base Project following the satisfaction of the requirements in Section 2.04), as evidenced in form and substance to the satisfaction of the Administrative Agent. The Minimum Equity Requirement through the tenor of this Agreement shall be satisfied as follows: (i) with respect to the Camarillo Airport Project being contributed as Contributed Equity on the date such project is accepted in writing by the Administrative Agent as a Borrowing Base Project following the satisfaction of the requirements in Section 2.04, the Lenders shall fund up to $60,000,000 of Project Costs thereafter for Approved Eligible Projects which have been included in the Borrowing Base pursuant to the terms of this Agreement; (ii) with respect to any Approved Eligible Project that has been included in the Borrowing Base pursuant to the terms of this Agreement based on the Contributed Equity represented by the Camarillo Airport Project and that has less than 35% of total Project Costs from capital contributions of the applicable Borrower, if the outstanding principal amount of the Loans exceeds $60,000,000, then the remaining 35% of total Project Costs of such Approved Eligible Project shall be required to be funded by equity of the Borrowers prior to any additional Loans made by the Lenders with respect to such Approved Eligible Project, and (iii) with respect to any Approved Eligible Project not covered by clauses (i) or (ii), the first 35% of total Project Costs of each Approved Eligible Project which is added to the Borrowing Base shall be required to be funded by equity of the Borrowers prior to any Loans made by the Lenders with respect to such Approved Eligible Project to pay such Approved Eligible Project’s Project Costs pursuant to, and in accordance with, this Agreement.