Required Equity Contribution Sample Clauses
Required Equity Contribution. If at any time prior to the Discharge Date (i) a Rating Event occurs and (ii) the Company delivers to each Holder of a Note an Offer to Repay Notice pursuant to Section 8.1.3(b) of the Note Purchase Agreement and the Company receives from any Holder of a Note a written notice under Section 8.1.3(b) of the Note Purchase Agreement accepting the Company’s Offer to Repay pursuant to Section 9.23 of the Note Purchase Agreement (a “Purchase Notice”), the Contributor shall make, or cause to be made, an Equity Contribution (the “Required Equity Contribution”), in accordance with the mechanics set forth in Section 2.2, in an amount equal to the principal amount of Notes plus accrued interest specified in the Purchase Notice.
Required Equity Contribution. Borrower shall have provided evidence satisfactory to Lender that it has made the Required Equity Contribution.
Required Equity Contribution. The Seller shall maintain in the Buyer the Required Equity Contribution.
Required Equity Contribution. The Borrower, Atomic and Southwestern Production Corp shall have received cash contributions from COPL on terms and conditions satisfactory to the Administrative Agent on or prior to the Closing Date in an amount equal to at least $9,000,000.
Required Equity Contribution. (a) In satisfaction of the condition precedent to each Disbursement Date (including the Initial Disbursement Date) under the Credit Agreement, each Pledgor on a several basis, shall (i) make (or cause to be made) Shareholder Contributions or (ii) notify the Administrative Agent to make draws under any Required Equity Credit Support in an aggregate amount equal to its Maximum Available Equity Contribution Amount to the Borrower to the extent necessary to cause the Debt to Equity Ratio to be not greater than 65:35 as of each Disbursement Date. For the avoidance of doubt, the obligations in this Section 2.01 are in furtherance of Section 6.03(j) of the Credit Agreement.
(b) On or prior to the time of delivery by the Borrower of each Borrowing Certificate pursuant to the Credit Agreement, in the event that the relevant Borrowing shall cause the Debt to Equity Ratio to exceed 65:35 on the requested Disbursement Date (as certified to the Administrative Agent by the Borrower in such Borrowing Certificate), the Borrower shall deliver to each Pledgor (with a copy to the Administrative Agent) a Required Equity Contribution Request setting forth the amount of the Required Equity Contribution to be made by such Pledgor to cause the Debt to Equity Ratio to equal 65:35; provided, that the failure of the Borrower to deliver such a Required Equity Contribution Request shall not relieve any Pledgor of its obligations under this Section 2.01.
(c) To the extent that the Required Equity Contribution has not been funded in full prior to the Initial Disbursement Date, in satisfaction of the condition precedent to the Initial Disbursement Date pursuant to Section 6.02(k) of the Credit Agreement, each of the Pledgors shall provide an Equity Letter of Credit, in an amount equal to its Maximum Available Equity Contribution Amount as of the Initial Disbursement Date to support its obligations to thereafter fund its Shareholder Percentage of the Required Equity Contribution to the Borrower.
Required Equity Contribution. Sections 6.2 of the Senior Loan Agreement and the Bridge Loan Agreement are hereby modified to provide that the Borrower’s Required Equity Contribution may be made by way of proceeds of the Second Mezzanine Loan.
Required Equity Contribution. Borrower shall have furnished to Agent evidence reasonably satisfactory to Agent that, in connection with Borrower's acquisition of the Property, cash equity funds in an amount not less than Eight Million Five Hundred Nine Thousand Eight Hundred Sixty-One and 88/100 Dollars ($8,509,861.88) have been contributed to Borrower by its Member and that such funds remain invested in Borrower (the “Required Equity Contribution”). All of Borrower's Required Equity Contribution shall be made as capital contributions or by way of Inter-Company Loans which constitute Permitted Additional Debt.
Required Equity Contribution. With respect to the second Credit ---------------------------- Extension Request consisting of Loans, the Borrower shall have certified that the entire Required Equity Contribution shall have been made by or on behalf of Mid-Atlantic Holdings to the Borrower. Such certification shall indicate that the proceeds thereof have been used to finance System Activities in accordance with the Capital Budget or otherwise in a manner satisfactory to the Majority Lenders. The Lead Agents may request and the Borrower shall provide, if so requested, evidence that reasonably demonstrates that such proceeds were used to finance System Activities in accordance with the Capital Budget.
Required Equity Contribution. If the Sponsor Guaranty Termination Date occurs on June 15, 2024, and, as of such date, the Agent determines in its reasonable discretion that Liquidity as of such date does not exceed $16,000,000, Guarantor agrees, within one (1) Business Day of Agent’s written request, to make a cash contribution to the Borrowers in immediately available funds, on a dollar-for-dollar basis in an amount (net of all costs and expenses related thereto) necessary to cause Liquidity to equal $16,000,000 on a pro forma basis after giving effect to such contribution and shall provide Agent with documentation reasonably satisfactory to Agent evidencing such contribution. For the avoidance of doubt, the requirements of this Section 8(i) shall survive the termination of this Agreement. MidCap / Rubicon / Sponsor Guaranty 9
Required Equity Contribution. Evidence satisfactory to the Lenders (after consultation with the Independent Engineer) that the Sponsor and/or any other Guarantor has contributed cash constituting equity to the Borrower in an amount not less than U.S.$30,300,000 in the aggregate (the “Base Equity”), and that the Base Equity has been transferred to the Proceeds Account.