Additional Cash Contributions Clause Samples
The "Additional Cash Contributions" clause defines the terms under which parties to an agreement may be required or permitted to provide extra funds beyond their initial commitments. Typically, this clause outlines the circumstances that trigger the need for additional contributions, such as unexpected expenses or shortfalls, and specifies how much each party must contribute and the process for making these payments. Its core practical function is to ensure that the entity or project has access to necessary funding if initial resources prove insufficient, thereby preventing operational disruptions or financial shortfalls.
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Additional Cash Contributions. In addition to making the respective Initial Contributions, the Participants, shall be obligated to contribute any required funds deemed necessary by the Manager in proportion to their respective Participating Interests.
Additional Cash Contributions. At such time as TMC has earned its fifty percent (50%) interest in the Properties, pursuant to Section 5.2, the Participants, subject to any election permitted by Sections 6.1, 6.2 and 6.3, shall be obligated to contribute funds to adopted Programs and Budgets in proportion to their respective Participating Interest.
Additional Cash Contributions. The Participants, subject to any election permitted by section 8.3, shall be obligated to contribute funds to approved Programs and Budgets in proportion to their respective Participating Interests.
Additional Cash Contributions. After the Sole Funding Period, any further contributions to the Company shall be contributed by the Shareholders in proportion to their then respective Ownership Interests, as provided in Articles 10, 11 and 12.
Additional Cash Contributions. If, after expenditure in full of the Initial Cash Contribution, additional cash contributions are required in the reasonable discretion of BR CDP to accomplish the intent of this Agreement beyond those funds contemplated in Exhibit B (each, an “Additional Cash Contribution”), then BR CDP may make a request in writing (a "Cash Call Notice") for said Additional Cash Contribution (a “Cash Call”). Each Cash Call Notice shall set forth: (i) the total amount of the Additional Cash Contribution; (ii) each Co-Tenant’s Pro Rata Share thereof; and (iii) the specific proposed use of the funds requested. Each Co-Tenant shall deliver to BR CDP said Co-Tenant’s Pro Rata Share of the Additional Cash Contribution as set forth in the Cash Call Notice within fourteen (14) days from the date of said notice. The terms “Initial Cash Contribution” and “Additional Cash Contribution” may be hereinafter referred to together as “Cash Contributions” where appropriate.
Additional Cash Contributions. Subject to election permitted by Section 5.3, the Parties shall be obligated to contribute funds from time to time to adopted Programs and Budgets in proportion to their respective Participating Interests and such contributed funds shall be used in any recalculations of Participating Interests from time to time made under and in accordance with this Agreement.
Additional Cash Contributions. Upon completion of the Initial Contributions, the parties shall each be responsible for 50% of the cash contributions of the Joint Venture.
Additional Cash Contributions. At such time as YCO has contributed the full amount of its Initial Contribution, the ParticipantsMembers, subject to any election permitted by Section 6.3, shall be obligated to contribute funds to adopted Programs in proportion to their respective ParticipatingPercentage Interests.
Additional Cash Contributions. At such time as Cyprus has earned its fifty percent (50%) interest in the Property, pursuant to Section 5.5, the Participants, subject to any election permitted by Sections 6.1, 6.2 and 6.3, shall be obligated to contribute funds to adopted Programs and Budgets in proportion to their respective Participating Interest.
Additional Cash Contributions. Subject to any election permitted by Section 5.6, the Members shall on and after the Funding Commencement Date be obliged to contribute funds in proportion to their respective Percentage Interests to all adopted Programs and Budgets. If a Member fails to contribute to any adopted Program and Budget in at least the amount required to maintain its Percentage Interest equal to or greater than ten percent (10%), Section 5.8 shall apply.