Required Capital definition

Required Capital has the meaning set forth in Section 8.03(b).

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Required Capital has the meaning provided in the definition of “Increased Cost”.

Required Capital as defined in Section 4.02(f).

Examples of Required Capital in a sentence

The Borrower shall not permit the Borrower’s Net Worth to be less than the Required Capital Amount.
Evidence satisfactory to the Indenture Trustee that the Required Capital Level has been credited to the Capital Subaccount.
The Seller shall not permit the Seller’s Net Worth to be less than the Required Capital Amount.
Prior to the Initial Payment Date, all amounts in the Collection Account (other than funds deposited into the Capital Subaccount, up to the Required Capital Level and any Capital Subaccount Investment Earnings) shall be allocated to the General Subaccount.
Prior to the initial Payment Date, all amounts in the Collection Account (other than funds deposited into the Capital Subaccount up to the Required Capital Level) shall be allocated to the General Subaccount.

More Definitions of Required Capital

Required Capital has the meaning set forth in Section 6.1(5);

Required Capital shall have the meaning specified in Article 4(b).

Required Capital means, with respect to any capital call pursuant to Section 3.5 or Section 5.3(e), the aggregate amount of cash to be contributed by both Members to the Company. #325596.v2 15

Required Capital is defined in Section 4.2(a).

Required Capital has the meaning ascribed thereto in Section 3.2.2 of this Agreement.

Required Capital means the product of the following formula: (Adjusted Net Exposure multiplied by 43%) plus (Reinsurance multiplied by 4%) plus the aggregate outstanding policy limit amount of Cash Collateralized Policies plus fifteen million dollars (USD 15 million), as of the last day of each calendar month.

Required Capital means the amount of capital that is required to fully complete the construction and development of the Project to Commercial Production, and shall be US$11 million, or a greater amount, as determined by the Company, or such greater amount set forth in the updated preliminary feasibility analysis AGT is currently conducting. The Required Capital shall be immediately available cash, exclusive of any amounts available from the Second Tranche and through acquisition of the designated Canadian public entity Tri-River Resources in connection with a Canadian Going Public Transaction (as defined in the Convertible Preferred Note Purchase and Investment Agreement dated February 13, 2017, as amended on February 1, 2018), raised in the following tranches: (i) US$4.5 million shall be raised by May 15, 2018 (the “Initial Required Capital”), and (ii) the remainder of the Required Capital shall be raised by September 30, 2018. In connection with raising the Required Capital, Gold Torrent and AGT will obtain the consent of the Purchaser for any transactions that may adversely affect the rights of the Purchaser or CRH Mezzanine PTE. LTD., and any applicable waiver or amendments to documents, instruments, notes, warrants or certificates as may be reasonably requested by the Purchaser or CRH Mezzanine PTE. LTD. and Purchaser or CRH Mezzanine PTE agree to act reasonably and without delay in connection with any such consent.”