Remaining Equity Commitment definition

Remaining Equity Commitment means, at any time, the Equity Commitment minus the aggregate amount of Equity Contributions made on or prior to such time and applied or available to be applied to the payment of Project Costs or SFF Costs; provided that in no event shall the Remaining Equity Commitment be less than (i) the Reserve Equity Amount (except after payment in full of the Remaining Equity Commitment in connection with a Default Funding Contribution) less (ii) the Project Receipt Payments held at such time by the Borrower in cash or cash equivalents and available to be applied to the payment of Project Costs.
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Remaining Equity Commitment means, on any given
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Remaining Equity Commitment means, on any given date after the Initial Closing, the Total Equity Commitment minus the Purchase Price of the shares acquired at the Initial Closing and, if any Subsequent Purchases shall have occurred, minus the Subsequent Purchase Prices."
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Examples of Remaining Equity Commitment in a sentence

  • Termination Event" shall mean the date on which the Remaining Equity Commitment is zero and either (i) the Buyer no longer Beneficially Owns a number of shares of Company Common Stock equal to at least 5% of the outstanding Company Common Stock, on a Fully Diluted Basis, or (ii) the Buyer no longer Beneficially Owns Company Common Stock having an aggregate market value of at least $25,000,000.

  • Prior to the commencement of the Second Phase Construction Loan Availability Period, the Borrower shall not incur Project Costs the payment for which is due prior to October 15, 2011, unless after giving effect to the payment of such Project Costs, the Remaining Equity Commitment shall be greater than 105% of the First Phase Loan Agreement Obligations Amount.


More Definitions of Remaining Equity Commitment

Remaining Equity Commitment means, on any given date after the Initial Closing, the Total Equity Commitment minus the Initial Purchase Price and, if any Subsequent Purchases shall have occurred, minus the Subsequent Purchase Prices. The Remaining Equity Commitment shall be deemed to be zero on the earlier of (i) the date that the Remaining Equity Commitment equals zero pursuant to the previous sentence or (ii) eighteen months after Stockholder Approval, but not later than June 30, 1999 (unless otherwise extended by Buyer and the Company in their sole discretion).
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Remaining Equity Commitment means, on any given date after the Initial Closing, the Total Equity Commitment minus the sum of the Initial Purchase Price and all the Subsequent Purchase Prices of all Subsequent Purchases effected prior to the given date (in each case calculating the Initial Purchase Price and/or the Subsequent Purchase Prices prior to any increase related to Kimco). The Remaining Equity Commitment shall be deemed to be zero on the earlier of (i) the date that the Remaining Equity Commitment actually equals zero and (ii) the later of (A) September 25, 1998 and (B) if Buyer notifies the Company on or before October 25, 1998 that Buyer is, pursuant to Section 2.4(b), exercising Buyer's right to make a Subsequent Purchase equal to the then amount of the Remaining Equity Commitment, then, the date as soon thereafter as all conditions to Buyer's obligations to effect such purchase shall have been satisfied or waived, and such purchase shall have been effected.
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Remaining Equity Commitment has the meaning given to such term in the Equity Contribution Agreement.
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Remaining Equity Commitment means, on any given date after the Initial Closing, the Total Equity Commitment minus the Initial Purchase Price. The Remaining Equity Commitment shall be deemed to be zero on the earlier of (i) the date that the Remaining Equity Commitment actually equals zero or (ii) the later of (A) September 19, 1998 or (B) if Buyer notifies the Company by March 19, 1999 that it is, pursuant to Section 2.4(b), exercising its right to make the Subsequent Purchase equal to the then amount of the Remaining Equity Commitment, then, the date as soon thereafter as (x) Buyer shall be permitted to effect such purchase under Article V of the Amended Company Charter, (y) all conditions to Buyer's obligations to effect such purchase shall have been satisfied or waived, and (z) such purchase shall have been effected.
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Remaining Equity Commitment means, with respect to each Project, the amount by which the Required Equity Contribution for such Project exceeds the aggregate cash equity contributions made as of such date (after giving effect to any Project Initial Funding Date Distribution for such Project).
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Remaining Equity Commitment means, on any given date after the Initial Closing, the Total Equity Commitment minus the sum of the Initial Purchase Price and, if any Subsequent Purchases shall have occurred, minus the Subsequent Purchase Prices. The Remaining Equity Commitment shall be deemed to be zero on the earlier of (i) the date that the Remaining Equity Commitment equals zero pursuant to the previous sentence, or (ii) the later of (A) June 30, 1997 (un- less otherwise extended by Buyer and the Company in their sole discretion) or (B) if Buyer timely notifies the Company that it is, pursuant to Section 2.4(b) or 2.4(c), exercising its right to make the Second Purchase and/or part or all of any remaining Subsequent Purchase, then, the date as soon thereafter as (x) all conditions to Buyer's obligations to effect such purchase(s) shall have been satisfied or waived, and (y) such purchase(s) shall have been effected.
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Related to Remaining Equity Commitment

  • Equity Commitment (a) options, warrants, convertible securities, exchangeable securities, subscription rights, conversion rights, exchange rights, or other Contracts that could require a Person to issue any of its Equity Interests or to sell any Equity Interests it owns in another Person; (b) any other securities convertible into, exchangeable or exercisable for, or representing the right to subscribe for any Equity Interest of a Person or owned by a Person; (c) statutory pre-emptive rights or pre-emptive rights granted under a Person’s Governing Documents; and (d) stock appreciation rights, phantom stock, profit participation, or other similar rights with respect to a Person.

  • SBIC Equity Commitment means a commitment by the Borrower to make one or more capital contributions to an SBIC Subsidiary.

  • Revolving Commitment Amount means $125,000,000, as reduced from time to time pursuant to Section 6.1.

  • L/C Commitment Amount has the meaning given to that term in Section 2.3.(a).

  • LC Commitment Amount means $600,000,000 as the same may be reduced permanently from time to time pursuant to Section 2.08.

  • Liquidity Commitment means, as to each Liquidity Provider, its commitment under the Liquidity Agreement (which generally will equal 102% of its Commitment hereunder).

  • Revolving Loan Commitment Amount means, on any date, $30,000,000, as such amount may be reduced from time to time pursuant to Section 2.2.

  • Total Commitment Amount means, at any particular time, the aggregate of the Individual Commitments of all of the Lenders at such time.

  • Term Loan Commitment Amount means, with respect to each Lender, the sum of such Lender’s Term Loan Tranche 1 Commitment Amount and Term Loan Tranche 2 Commitment Amount.

  • Equity Commitment Letter has the meaning set forth in Section 4.5.

  • Aggregate Revolving Commitment Amount means the aggregate principal amount of the Aggregate Revolving Commitments from time to time. On the Closing Date, the Aggregate Revolving Commitment Amount is $300,000,000.

  • Incremental Revolving Facility Commitment means the commitment of any Lender, established pursuant to Section 2.21, to make Incremental Revolving Loans to the Borrower.

  • Commitment Amount means the aggregate amount of up to Ten Million Dollars ($10,000,000) which the Investor has agreed to provide to the Company in order to purchase the Company's Common Stock pursuant to the terms and conditions of this Agreement.

  • Term Facility Commitment means the commitment of a Lender to make Term Loans, including Term B Loans and/or Other Term Loans.

  • Revolving Facility Commitment means, with respect to each Revolving Facility Lender, the commitment of such Revolving Facility Lender to make Revolving Facility Loans pursuant to Section 2.01(b), expressed as an amount representing the maximum aggregate permitted amount of such Revolving Facility Lender’s Revolving Facility Credit Exposure hereunder, as such commitment may be (a) reduced from time to time pursuant to Section 2.08, (b) reduced or increased from time to time pursuant to assignments by or to such Lender under Section 9.04, and (c) increased (or replaced) as provided under Section 2.21. The initial amount of each Lender’s Revolving Facility Commitment is set forth on Schedule 2.01 or in the Assignment and Acceptance or Incremental Assumption Agreement pursuant to which such Lender shall have assumed its Revolving Facility Commitment, as applicable. The aggregate amount of the Lenders’ Revolving Facility Commitments on the Closing Date is $50,000,000. On the Closing Date, there is only one Class of Revolving Facility Commitments. After the Closing Date, additional Classes of Revolving Facility Commitments may be added or created pursuant to Incremental Assumption Agreements.

  • Revolving Committed Amount shall have the meaning set forth in Section 2.1(a).

  • Incremental Revolving Commitment has the meaning assigned to such term in Section 2.14(a).

  • U.S. Revolving Commitment means the commitment of a Lender to make or otherwise fund any U.S. Revolving Loan and to acquire participations in U.S. Letters of Credit and Swing Line Loans hereunder and “U.S. Revolving Commitments” means such commitments of all Lenders in the aggregate. The amount of each Lender’s U.S. Revolving Commitment, if any, is set forth on Schedule 1.01(c) or in the applicable Assignment Agreement or Joinder Agreement, as applicable, subject to any adjustment or reduction pursuant to the terms and conditions hereof. The aggregate amount of the U.S. Revolving Commitments as of the Closing Date is $265,000,000.

  • Equity Commitment Letters has the meaning set forth in Section 6.6(a).

  • Revolving Credit Commitment Amount means with respect to any Revolving Credit Lender, (i) if the Revolving Credit Aggregate Commitment has not been terminated, the amount specified opposite such Revolving Credit Lender’s name in the column entitled “Revolving Credit Commitment Amount” on Schedule 1.2, as adjusted from time to time in accordance with the terms hereof; and (ii) if the Revolving Credit Aggregate Commitment has been terminated (whether by maturity, acceleration or otherwise), the amount equal to its Percentage of the aggregate principal amount outstanding under the Revolving Credit (including the outstanding Letter of Credit Obligations and any outstanding Swing Line Advances).

  • Total Revolving Commitment means, at any time, the sum of the Revolving Commitments at such time.

  • Revolving Commitment Increase has the meaning set forth in Section 2.14(a).

  • Loan Commitment has the meaning set forth in Section 2.1.

  • Revolving Commitment Period the period from and including the Closing Date to the Revolving Termination Date.

  • Incremental Revolving Commitments has the meaning specified in Section 2.14(a).

  • Revolving Commitment means, as to each Lender, its obligation to (a) make Revolving Loans to the Borrower pursuant to Section 2.01, (b) purchase participations in L/C Obligations and (c) purchase participations in Swing Line Loans, in an aggregate principal amount at any one time outstanding not to exceed the amount set forth opposite such Lender’s name on Schedule 2.01 or in the Assignment and Assumption pursuant to which such Lender becomes a party hereto, as applicable, as such amount may be adjusted from time to time in accordance with this Agreement.