Standby Equity Commitment definition

Standby Equity Commitment means any Sponsor’s obligation to provide Contributed Standby Equity pursuant to paragraph (b) of Clause 4.1 (Contributed Equity Undertaking).
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Standby Equity Commitment means the Standby Equity Commitment, dated March 9, 1995, between Parent and Stratosphere Corporation.
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Standby Equity Commitment means that certain Standby Equity Commitment between Grand and Stratosphere dated March 9, 1995.
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Examples of Standby Equity Commitment in a sentence

  • An unlimited number of Class B Units may be issued by the Partnership, from time to time, with each issuance (other than Class B PIK Units) pursuant to each Capital Call, pursuant to the terms and conditions of the Standby Equity Commitment Agreement and in accordance with this Agreement, designated herein as a series of Class B Units.

  • On the Closing Date, all obligations and liabilities of Grand under the Standby Equity Commitment shall be permanently released and discharged in full.

  • The Administrative Agent shall have received (with copies for Trustee and each Lender) a true and correct copy of (i) the Indenture and (ii) the Standby Equity Commitment, together with all exhibits and schedules and all amendments and modifications to each of the foregoing documents.

  • All obligations under and in connection with the Standby Equity Commitment shall be permanently discharged and released in full pursuant to documentation in form and substance acceptable to Grand in all respects.

  • Grand shall waive any claim for damages arising out of or relating to the rejection and termination of the Old Standby Equity Commitment.