Base Equity Commitment definition

Base Equity Commitment means the obligation of each Equity Contributor to make Base Equity Contributions in accordance with this Agreement.

Base Equity Commitment means the obligation of the Investors under the Equity Funding Agreement to fund an aggregate amount equal to the difference between (x) Base Project Costs, less (y) the amount of the DOE-Guaranteed Loan.

Base Equity Commitment means the aggregate of the Minimum Equity Commitment and the Additional Equity Commitment.

Examples of Base Equity Commitment in a sentence

• LTA Base Equity Contributions shall not exceed, at any time, the Available LTA Base Equity Commitment at such time.

• Nalcor has also agreed to make MF Contingency Equity Contributions under the MF Contingency Equity Commitment, as required, in order to finance the MF Equity Rateable Share of any MF Project Costs to be paid following the exhaustion of the MF Base Equity Commitment.

• MF Base Equity Contributions shall not exceed, at any time, the Available MF Base Equity Commitment at such time.

• Notwithstanding anything contained herein or in any Transaction Document to the contrary, the Base Equity Commitment shall only be accelerated in accordance with this Section 2.5 (Acceleration of Base Equity Commitment.).

• Supplemental Base Equity Funding Account, established pursuant to such Equity Funding Agreement for the purpose of the Supplemental Base Equity Commitment, and any release to Sponsor Member of funds, along with any earnings thereon, from such Supplemental Base Equity Funding Account.

More Definitions of Base Equity Commitment

Base Equity Commitment. The obligation of the Borrower and the Sponsor to fund (i) 37.5% of all Eligible Base Project Costs, and (ii) 100% of all Ineligible Base Project Costs.

Base Equity Commitment. The obligation of the Equity Contributors under the Equity Funding Agreement to fund (i) 27% of all Eligible Base Project Costs, and (ii) 100% of all Ineligible Base Project Costs, in an aggregate amount of $198,000,000.

Base Equity Commitment means any Sponsor’s obligation to provide Contributed Base Equity pursuant to paragraph (a) of Clause 4.1 (Contributed Equity Undertaking).

Base Equity Commitment means the commitment by Wynn Resorts to ensure the provision of Base Equity to the Company pursuant to clause 2.2.2 of the Wynn Resorts Support Agreement.

Base Equity Commitment means the commitment of Nalcor to invest in the Partnership, directly or through one or more of its Subsidiaries, in order to fund the Equity Rateable Share of the Project Costs, the amount of such investment to be indicated in Schedule "BB" of the LIL Project Finance Agreement;

Base Equity Commitment means USD44,974,150, which comprises the Core Base Equity Commitment and the Top-Up Base Equity Commitment.

Base Equity Commitment means the commitment by Wynn Resorts to ensure the provision of Base Equity to the Company pursuant to Clause 2.2.2 of the Wynn Resorts Support Agreement.