Additional AE Contributions Sample Clauses

Additional AE Contributions. AE shall contribute funds to the Company for the development of the Technology such that such Technology becomes ready for use on a motion picture (“Funded Development”); provided however that it is anticipated that the amount of such required contributions shall be Three Million Five Hundred Thousand Dollars ($3,500,000). As soon as practicable following the execution of this Agreement, AE will contribute to the Company the amount of Three Hundred and Fifty Thousand Dollars ($350,000) (“Initial Funding”) so that the initial work can commence on prototypes of the Technology. AE is in the middle of a capital raise in the amount of Fifty Million Dollars ($50,000,000). At such time as AE has received total capital in the amount of Fifty Million Dollars ($50,000,000) from its capital raise, AE shall contribute to the Company the remainder of the Three Million Five Hundred Thousand Dollars ($3,500,000). However, in the interim, the proceeds from the capital raise may be received by AE in a lump sum amount or in smaller increments, and AE shall make capital contributions to the Company in incremental amounts or on an “as needed” basis, depending upon the capital needs of the Company and the financial ability of AE; provided however that in all events AE shall contribute capital to the Company in amounts at least equal to the amounts required to pay all costs as and when contemplated under the budget heretofore agreed upon by AE and Menache (the "Budget”). The capital contributions described in this Section 2.2.3 shall be deemed to be consideration for AE’s 40% Ownership Interest in the Company. If additional funding is needed beyond the amount contemplated in this Section 2.2.3, then AE shall, to the best of its ability, provide additional capital. The terms and conditions of such additional capital shall be agreed upon by AE and the Board of Managers.
Sample 1
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Additional AE Contributions. AE shall contribute funds to the Company for the development of the Technology such that such Technology becomes ready for use on a motion picture (“Funded Development”); provided however that it is anticipated that the amount of such required contributions and payments shall be Three Million Five Hundred Thousand Dollars ($3,500,000). As soon as practicable following the execution of this Agreement, AE will first pay the amount of Sixty-Six Thousand Six Hundred Sixty-Seven Dollars ($66,667) to Xxxxxxx Xxxxxxx as an independent contractor for his consulting services for the development of the Anthus Channel as it pertains to integrating motion capture into television programming (“Xxxxxxx Payment”). AE will then contribute the amount of Three Hundred Fifty Thousand Dollars ($350,000) to the Company (“Company Initial Funding”) so that the initial work can commence on prototypes of the Technology. The Xxxxxxx Payment and the Company Initial Funding shall be referred to herein as the “Initial Funding”. Notwithstanding anything to the contrary in this Agreement, it is further agreed that beginning on August 20, 2011 (“Fund Share Date”), a minimum of one third (1/3) of each dollar (“Company Share”) received by AE or any of its subsidiary companies, shall be payable to the Company. This obligation shall be triggered for all money that is received above and beyond the amount needed to cover the monthly expenses incurred by AE, with such monthly expenses not to exceed the amount of Six Thousand Dollars ($6,000). These payments shall be made first to the Xxxxxxx Payment until the full amount of the Xxxxxxx Payment has been paid, and thereafter to the Company until the full amount of the Company Initial Funding has been received by the Company. Thereafter, the Company Share shall be paid to the Company until such time as the Company (separate and apart from the Xxxxxxx Payment) has received a total of Three Million Five Hundred Thousand Dollars ($3,500,000). Following the Initial Funding, AE shall make capital contributions to the Company in incremental amounts at least equal to the amounts required to pay all costs as and when contemplated under the budget heretofore agreed upon by AE and Menache and attached hereto as Exhibit “A” (the "Budget”). The capital contributions described in this Section 2.2.3 shall be deemed to be consideration for AE’s 40% Ownership Interest in the Company. If additional funding is needed beyond the amount contemplated in this Section 2...
Sample 1

Related to Additional AE Contributions

  • Additional Contributions The Member is not required to make any additional capital contribution to the Company. However, the Member may at any time make additional capital contributions to the Company in cash or other property.

  • Catch-Up Contributions Unless otherwise elected in Section 2.4 of this amendment, all employees who are eligible to make elective deferrals under this plan and who have attained age 50 before the close of the plan year shall be eligible to make catch-up contributions in accordance with, and subject to the limitations of, Section 414(v) of the Code. Such catch-up contributions shall not be taken into account for purposes of the provisions of the plan implementing the required limitations of Sections 402(g) and 415 of the Code. The plan shall not be treated as failing to satisfy the provisions of the plan implementing the requirements of Section 401(k)(3), 401(k)(11), 401(k)(12), 410(b), or 416 of the Code, as applicable, by reason of the making of such catch-up contributions.

  • Initial Contributions In connection with the formation of the Partnership under the Delaware Act, the General Partner made an initial Capital Contribution to the Partnership in the amount of $10.10 for an interest in the Partnership and was admitted as the general partner of the Partnership, and the Initial Limited Partner made an initial Capital Contribution to the Partnership in the amount of $989.90 for an interest in the Partnership and was admitted as a limited partner of the Partnership.

  • Contributions Without creating any rights in favor of any third party, the Member may, from time to time, make contributions of cash or property to the capital of the Company, but shall have no obligation to do so.

  • Rollover Contributions An amount which qualifies as a rollover contribution pursuant to the Federal Internal Revenue Code may be transferred to and paid under this contract as a contribution for a Participant. Prudential may require proof that the amount paid so qualifies.

  • ALLOCATION OF CONTRIBUTIONS If the application is in good order, the initial Contribution will be applied within two Business Days of receipt at the Retirement Resource Operations Center. During the right to cancel period, all Contributions will be allocated in one or more of the Sub-Account(s) as specified in the application. During the right to cancel period, the Owner may change the allocations to the Sub-Accounts. Subsequent Contributions will be allocated to the Annuity Account in the proportion Requested by the Owner. If there are no accompanying instructions, then allocations will be made in accordance with standing instructions. Allocations will be effective upon the Transaction Date.

  • Matching Contributions The Employer will make matching contributions in accordance with the formula(s) elected in Part II of this Adoption Agreement Section 3.01.

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

  • Qualified Matching Contributions If selected below, the Employer may make Qualified Matching Contributions for each Plan Year (select all those applicable):

  • Payments and Contributions Neither the Company, any subsidiary, nor any of its directors, officers or, to its knowledge, other employees has (i) used any Company funds for any unlawful contribution, endorsement, gift, entertainment or other unlawful expense relating to political activity; (ii) made any direct or indirect unlawful payment of Company funds to any foreign or domestic government official or employee; (iii) violated or is in violation of any provision of the Foreign Corrupt Practices Act of 1977, as amended; or (iv) made any bribe, rebate, payoff, influence payment, kickback or other similar payment to any person with respect to Company matters.

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