Actions on the Additional Capital Contribution Date Sample Clauses

Actions on the Additional Capital Contribution Date. (a) On the Additional Capital Contribution Date, each of the Sponsors shall execute and deliver (1) an Amended and Restated LLC Agreement of the Company (the "Amended and Restated LLC Agreement") in substantially the form attached hereto as Exhibit A-2, with such changes as shall be mutually agreed upon by the Sponsors (including changes thereto to reflect and give effect to the use of the Highstar Backup Equity Contribution Guaranty by Highstar), and (2) an Amended and Restated Escrow Agreement (the "Amended and Restated Escrow Agreement") in substantially the form attached hereto as Exhibit D-2, with such changes as shall be mutually agreed upon by the Sponsors (including changes thereto to reflect and give effect to the use of the Highstar Backup Equity Contribution Guaranty by Highstar). The execution and delivery of the Amended and Restated LLC Agreement on the Additional Capital Contribution Date shall be deemed to have occurred immediately prior to the execution and delivery of the Amended and Restated Escrow Agreement on the Additional Capital Contribution Date. (b) No later than 5:00 p.m (New York time) on the Additional Capital Contribution Date, Highstar shall (1) deposit the Highstar Additional Capital Contribution Amount by wire transfer of immediately available funds to the escrow account maintained by the Escrow Agent, and (2) deliver the First Joint Written Direction executed by Highstar and the Highstar Backup Equity Contribution Security to the Escrow Agent. Highstar shall be responsible for all fees and other costs associated with providing the Highstar Backup Equity Contribution Security. The Highstar Additional Capital Contribution Amount and the Highstar Backup Equity Contribution Security shall be held by the Escrow Agent in accordance with the terms of the Escrow Agreement. (c) No later than 5:00 p.m (New York time) on the Additional Capital Contribution Date, MSW shall (1) deposit the MSW Additional Capital Contribution Amount by wire transfer of immediately available funds to the escrow account maintained by the Escrow Agent, and (2) deliver the First Joint Written Direction executed by MSW and the MSW Backup Equity Contribution Letter of Credit to the Escrow Agent. MSW shall be responsible for all fees and other costs associated with providing the MSW Backup Equity Contribution Letter of Credit. The MSW Additional Capital Contribution Amount and the MSW Backup Equity Contribution Letter of Credit shall be held by the Escrow Agent...
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Related to Actions on the Additional Capital Contribution Date

  • Additional Capital Contributions No Member shall be required to make additional capital contributions. A Member may make additional capital contributions to the Company.

  • Additional Capital Contributions and Issuances of Additional Partnership Interests Except as provided in this Section 4.2 or in Section 4.3, the Partners shall have no right or obligation to make any additional Capital Contributions or loans to the Partnership. The General Partner may contribute additional capital to the Partnership, from time to time, and receive additional Partnership Interests in respect thereof, in the manner contemplated in this Section 4.2.

  • Initial Capital Contributions The Partners have made, on or prior to the date hereof, Capital Contributions and have acquired the number of Class A Units as specified in the books and records of the Partnership.

  • Capital Contributions Capital Accounts The capital contribution of the Sole Member is set forth on Annex A attached hereto. Except as required by applicable law, the Sole Member shall not at any time be required to make additional contributions of capital to the Company. The capital accounts of the members shall be adjusted for distributions and allocations made in accordance with Section 8.

  • Initial Capital Contribution The initial Capital Contribution of the Original Member as of the date of this Agreement will be $ .

  • No Additional Capital Contributions Except as otherwise provided in this Article V, no Partner shall be required to make additional Capital Contributions to the Partnership without the consent of such Partner or permitted to make additional capital contributions to the Partnership without the consent of the General Partner.

  • Capital Contributions and Issuance of Partnership Interests Section 5.1

  • Initial Capital Contribution of Trust Estate As of the date of the Original Trust Agreement, the Seller sold, assigned, transferred, conveyed and set over to the Owner Trustee the sum of $1. The Owner Trustee hereby acknowledges receipt in trust from the Seller, as of such date, of the foregoing contribution, which shall constitute the initial Trust Estate and shall be deposited in the Collection Account.

  • Additional Funds and Capital Contributions 30 SECTION 4.4 NO INTEREST; NO RETURN................................................................... 31 SECTION 4.5 NOTE DEFICIENCY CAPITAL CONTRIBUTION..................................................... 31

  • Members Capital Contributions a) Single-Member Capital Contributions (Applies ONLY if Single-Member): The Member may make such capital contributions (each a “Capital Contribution”) in such amounts and at such times as the Member shall determine. The Member shall not be obligated to make any Capital Contributions. The Member may take distributions of the capital from time to time in accordance with the limitations imposed by the Statutes. b) Multi-Member (Applies ONLY if Multi-Member): The Members have contributed the following capital amounts to the Company as set forth below and are not obligated to make any additional capital contributions:

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