Additional Capital Contributions and Payments Sample Clauses

Additional Capital Contributions and Payments. (a) On each True Up Funding Date, the Class A Members shall make their respective Capital Contributions to the Company with respect to the applicable Tranche pursuant to the terms and conditions of the Equity Capital Contribution Agreement. (b) On each True Up Funding Date, the Class B Member shall make its Capital Contribution to the Company and deposit the Initial Maintenance Reserve Amount in the Maintenance Reserve Account with respect to the applicable Tranche pursuant to the terms and conditions of the Equity Capital Contribution Agreement. (c) The Company shall apply the True Up Funding Date Contributions set forth in clauses (a) and (b) above in accordance with Section 2.6 of the Equity Capital Contribution Agreement, and each Member’s Capital Account shall be adjusted in accordance with Section 4.1 (d) On each Distribution Date prior to the Class A Flip Point, the Class B Member shall make a Capital Contribution to the Company for deposit by the Company in the Maintenance Reserve Account on behalf of the Facility Company in an amount equal to any shortfall in the amount otherwise available to fund and maintain the Adjusted Maintenance Reserve Amount in the Maintenance Reserve Account as of that Distribution Date, except to the extent that such shortfall results from a payment default by a PPA Customer under a Power Purchase Agreement.
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Additional Capital Contributions and Payments. (a) On each True Up Funding Date, the Class A Members shall make their respective Capital Contributions to the Company with respect to the applicable Tranche pursuant to the terms and conditions of the Equity Capital Contribution Agreement. (b) On each True Up Funding Date, the Class B Member shall make its Capital Contribution to the Company and deposit the Initial Maintenance Reserve Amount in the Maintenance Reserve Account with respect to the applicable Tranche pursuant to the terms and conditions of the Equity Capital Contribution Agreement. (c) The Company shall apply the True Up Funding Date Contributions set forth in clauses (a) and (b) above in accordance with Section 2.6 of the Equity Capital Contribution Agreement, and each Member’s Capital Account shall be adjusted in accordance with Section 4.1 (d) On each Distribution Date prior to the Class A Flip Point, following the deposit of funds by the Facility Company into the Maintenance Reserve Account pursuant to the terms of the Accounts Agreement, the Class B Member shall make a Capital Contribution to the Company for deposit by the Company in the Maintenance Reserve Account in an amount equal to any shortfall in the amount otherwise available to fund and maintain the Adjusted Maintenance Reserve Amount in the Maintenance Reserve Account as of that Distribution Date, except to the extent that such shortfall results from a payment default by a PPA Customer under a Power Purchase Agreement. (e) The Company shall pay, on behalf of the Facility Company, from funds in the Maintenance Reserve Account, (i) any invoices relating to stack replacements delivered by the Seller under the MESPSA, promptly following submission of such invoices to the Company by the Facility Company, (ii) the amount of the Primary Service Fees (as defined in the MESPSA) to be paid by the Facility Company with respect to each Facility through the first three quarters following the date that such Facility is Placed in Service (as defined in the MESPSA) and (iii) to the extent any funds remain in the Maintenance Reserve Account, the invoice delivered by the Seller under the MESPSA in connection with the Maintenance Reserve Account Release Date (as defined in the MESPSA), promptly following submission of such invoice to the Company by the Facility Company.
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Related to Additional Capital Contributions and Payments

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

  • 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.

  • 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:

  • 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.

  • Member Capital Contributions (Check One)

  • Capital Contributions and Capital Accounts (a) The capital contributions of each party shall be all amounts paid by it pursuant to the Agreement. With respect to each oil and gas property and the related assets subject to the Agreement, each party shall be treated as having contributed to the tax partnership an amount of cash equal to such party's share of any Lease acquisition or other property costs and the tax partnership shall be treated as having purchased such property from the party to whom such amounts are paid. (b) An individual capital account shall be maintained for each party in accordance with the following: (i) The capital account of each party shall, except as otherwise provided herein, be (A) credited by the amount of cash and fair market value of any property contributed to the tax partnership (net of any liabilities assumed by the parties hereto or to which such property is subject at the time of contribution) as provided in subparagraph (a) of this paragraph 4, and (B) credited with the amount of any item of taxable income or gain and the amount of any item of income or gain exempt from tax allocated to such party. (ii) The capital account of each party shall be debited by (A) the amount of any item of tax deduction or loss allocated to such party, (B) such party's allocable share of expenditures not deductible in computing taxable income and not properly chargeable as capital expenditures, including any non-deductible book amortizations of capitalized costs, and (C) the amount of cash or the fair market value of any property (net of any liabilities assumed by such party or to which such property is subject at the time of distribution) distributed to such party (after making the adjustment provided in subparagraph (b)(iii) in this paragraph 4). (iii) Immediately prior to any distribution of property that is not pursuant to a liquidation of the tax partnership, the parties' capital accounts shall be adjusted by assuming that the distributed assets were sold for cash at their respective fair market values as of the date of distribution and crediting or debiting each party's capital account with its respective share of the hypothetical gains or losses resulting from such assumed sales determined in the same manner as gains or losses provided for under paragraphs 4(b)(iv) and 6 for actual sales of such properties. (iv) The allocation of basis prescribed by Section 613A(c)(7)(D) of the Code and provided for in paragraph 6 hereinbelow and each party's depletion deductions shall not reduce such party's capital account, but such party's capital account shall be decreased by an amount equal to the product of (A) the depletion deductions that would otherwise be allocable to the tax partnership in the absence of Section 613A(c)(7)(D) of the Code (computed without regard to any limitations which theoretically could apply to any party) and (B) such party's percentage share of the adjusted basis of the property with respect to which such depletion is claimed (herein called "Simulated Depletion"). The tax partnership's basis in any oil or gas property, as adjusted from time to time for Simulated Depletion, is herein called "Simulated Basis." No party's capital account shall be decreased, however, by Simulated Depletion deductions attributable to any depletable property to the extent such deductions exceed such party's remaining Simulated Basis in such property. Upon the sale or other disposition of an interest in a depletable property, each party's capital account shall be credited with the gain ("Simulated Gain") or debited with the loss ("Simulated Loss") determined by subtracting from its allocable share of the amount realized on such sale or disposition its Simulated Basis, as adjusted by Simulated Depletion. (v) Any adjustments of basis of property provided for under Sections 734 and 743 of the Code and comparable provisions of state law (resulting from an election under Section 754 of the Code or comparable provisions of state law) shall not affect the capital accounts of the parties, and the parties' capital accounts shall be debited or credited as if no such election had been made unless otherwise required by applicable Treasury Regulations. (vi) Capital accounts shall be adjusted, in a manner consistent with subparagraph (b) of this paragraph 4, to reflect any adjustments in items of income, gain, loss or deduction that result from amended returns filed by the tax partnership or pursuant to an agreement with the Internal Revenue Service or a final court decision. (vii) In the case of property contributed to the tax partnership by a party, the parties' capital accounts shall be debited or credited for items of depreciation, Simulated Depletion, amortization and gain or loss with respect to such property computed in the same manner as such items would be computed if the adjusted tax basis of such property were equal to its fair market value on the date of its contribution to the tax partnership, in lieu of the capital account adjustments provided above for such items, all in accordance with Section 704(c) of the Code and Treasury Regulation 1.704-1(b)(2)(iv)(g).

  • 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 Distributions 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.

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

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