Additional Funding. If the General Partner determines that it is in the best interests of the Partnership to provide for additional Partnership funds (“Additional Funds”) for any Partnership purpose, the General Partner may (i) cause the Partnership to obtain such funds from outside borrowings, or (ii) elect to have the General Partner or any of its Affiliates provide such Additional Funds to the Partnership through loans or otherwise.
Additional Funding. (a) Unless the LHIN has agreed to do so in writing, the LHIN is not required to provide additional funds to the HSP for providing additional Services or for exceeding the requirements of Schedule E.
(b) The HSP may request additional funding by submitting a proposal to amend its Service Plan. The HSP will abide by all decisions of the LHIN with respect to a proposal to amend the Service Plan and will make whatever changes are requested or approved by the LHIN. The Service Plan will be amended to include any approved additional funding.
Additional Funding. (a) Unless the Funder has agreed to do so in writing, the Funder is not required to provide additional funds to the HSP for providing additional Services or for exceeding the requirements of Schedule D.
(b) The HSP may request additional funding by submitting a proposal to amend its Service Plan. The HSP will abide by all decisions of the Funder with respect to a proposal to amend the Service Plan and will make whatever changes are requested or approved by the Funder. The Service Plan will be amended to include any approved additional funding.
Additional Funding. If the General Partner determines that it is in the best interests of the Partnership to provide for additional Partnership funds (“Additional Funds”) for any Partnership purpose, the General Partner may (i) cause the Partnership to obtain such funds from outside borrowings or (ii) elect to have the General Partner or any of its Affiliates provide such Additional Funds to the Partnership through loans or otherwise, provided, however, that the Partnership may not borrow money from its Affiliates, unless a majority of the Directors of the General Partner (including a majority of Independent Directors) not otherwise interested in such transaction approve the transaction as being fair, competitive, and commercially reasonable and no less favorable to the Partnership than loans between unaffiliated parties under the same circumstances.
Additional Funding. Unless the Funder has agreed to do so in writing, the Funder is not required to provide additional funds to the HSP for providing services other than the Services or for exceeding the requirements of Schedule D.
Additional Funding. Funds from this Agreement may not be used as the matching portion for any federal grant except in the manner provided by Federal and State law and applicable Federal and State rules and regulations. The GRANTEE BENEFICIARY agrees to make all reasonable efforts to obtain funding from additional sources wherever said GRANTEE BENEFICIARY may qualify. Should this Agreement reflect a required match, documentation of said match is required to be provided to the AGENCY.
Additional Funding. Unless prior written authorization is received from NACCHO, no additional funds will be allocated to this project for work performed beyond the scope specified or time frame cited in this Agreement.
Additional Funding. If the General Partner determines that it is in the best interests of the Partnership to provide for additional Partnership funds (“Additional Funds”) for any Partnership purpose, the General Partner may (i) cause the Partnership to obtain such funds from outside borrowings, (ii) elect to have the General Partner or any of its Affiliates provide such Additional Funds to the Partnership through loans, the purchase of additional Partnership Interests or otherwise (which the General Partner or such Affiliates will have the option, but not the obligation, of providing) or (iii) cause the Partnership to issue additional Partnership Interests and admit additional Limited Partners to the Partnership in accordance with Section 4.3.
Additional Funding. A. If the General Partner determines that it is in the best interests of the Partnership to provide for additional Partnership funds ("Additional Funds") for any Partnership purpose in excess of any other funds determined by the General Partner to be available to the Partnership, the General Partner (i) may cause the Partnership to obtain such funds from outside borrowings, (ii) may cause the Partnership to obtain such funds by the admission of Additional Limited Partners pursuant to Section 4.3 hereof, or (iii) may elect to have Crescent Equities provide such Additional Funds to the Partnership. On any date that Crescent Equities provides Additional Funds to the Partnership (the "Funding Date"):
(1) to the extent the General Partner elects to borrow all or any portion of the Additional Funds through a Funding Loan, the General Partner shall cause Crescent Equities to lend (the "Crescent Loan") to the Partnership the Funding Loan Proceeds on comparable terms and conditions, including interest rate, repayment schedule and costs and expenses, as shall be applicable with respect to or incurred in connection with the Funding Loan; or
(2) to the extent the General Partner does not elect to borrow all or any portion of the Additional Funds by entering into a Funding Loan, the General Partner shall cause Crescent Equities to contribute to the Partnership as an additional Capital Contribution the amount of the Additional Funds not loaned to the Partnership as a Crescent Loan (the "Contributed Funds") (hereinafter, each Funding Date on which Crescent Equities so contributes Contributed Funds pursuant to this subparagraph (2) is referred to as an "Adjustment Date"). The Crescent Group may raise such Contributed Funds through a private placement or public offering of REIT Shares or otherwise. The Partnership shall assume or pay the expenses, including any applicable underwriting discounts incurred by the Crescent Group in connection with raising such Contributed Funds through a private placement or public offering of its securities or otherwise (i.e., Crescent Equities shall be treated as contributing to the Partnership as Contributed Funds the gross amount of funds raised, and the Partnership shall be charged with the cost of raising such funds, with such cost allocated to all of the Partners in accordance with Article VI of the Agreement).
B. Effective on each Adjustment Date, Crescent Equities shall receive an additional Partnership Interest (and the Partnership I...
Additional Funding. If from time to time, the Board of Directors determines that funds in addition to those contemplated by Sections 3.2 are necessary or appropriate for the development or operation of the Hospital, then:
(a) First, the Board shall instruct the Manager to use commercially reasonable efforts to arrange a loan for the Company of such funds from a bank or other lender (which could include a Member) on terms and conditions reasonably acceptable to the Board of Directors. All Members agree to pledge their Membership Interests, if required by lenders or lessors, to secure Company's financing. The Board of Directors shall obtain such loans without the requirement of guarantees by the Members if it is economically feasible to do so.
(i) If loan guarantees are required for financing the construction and equipping of the Hospital, each Member agrees to provide the required guarantee. The aggregate amount of the loans for the construction and equipping of the hospital (and the commensurate aggregate amount of the guarantees) shall not exceed $45 million. The guarantees shall be several and in proportion to the equity interest of the Member. Each Member shall provide its guarantee promptly and in the form reasonably approved by the Board of Directors and required by the lenders or lessors to the Company. Each Member agrees to promptly provide financial statements and other information customarily required by the lender or lessor.
(ii) Other than as required to finance the construction and equipping of the Hospital, no Member is required to guarantee any other loan to the Company.
(b) Second, if loans as provided in (a) above are not available, the Board of Directors shall request in writing that the Members contribute additional capital to the Company in proportion to their respective Membership Interests. Each Member may elect whether or not to contribute its proportionate share of the additional Capital Contribution. Membership Interests shall be adjusted as necessary as provided in (c)(i) below.
(c) Third, if the Board determines that adequate funds are not available under (a) or (b) above, the Board shall so notify all of the Members. Any Member shall then have the right to contribute all or some portion of the additional funds required. If more than one Member elects to advance the funds to the Company, preference will be given to maintaining the relative equity interests of the Members making the additional contributions in the Company. In the event that either SWC...
