Additional Funding Requirements. The Shareholders have discussed the potential capital requirements of Holdings and its wholly owned subsidiary, Natural Soda, Inc. If the Board of Directors of Holdings determines that additional capital is appropriate for Holdings (including capital needed to fund its subsidiary, Natural Soda, Inc.), each of the Shareholders shall have the right for a period of no less than thirty days to contribute its pro rata share of any additional such additional capital. AmerAlia agrees that Sentient shall have no obligations to make any capital contributions to AmerAlia, whether to fund such capital needs or otherwise. If AmerAlia is unable to or elects not to timely fund its pro rata share of any such additional capital, Sentient may fund more than its pro rata share with the result being that AmerAlia’s percentage interest in Holdings will be reduced as a result. AmerAlia for itself and its shareholders waives any claims against Sentient (including any of its successors and assigns) resulting from (i) any inability of AmerAlia to raise additional capital or to be able to make any contributions to the capital of Holdings, or (ii) any contributions to Holdings made by Sentient which result in a reduction in AmerAlia’s percentage ownership of Holdings because AmerAlia was unable to or elects not to make its pro rata share of the contribution within thirty days after receiving the notice described above.
Additional Funding Requirements. From time to time during the Term, the Partnership will require additional funds above any reserves to fund costs incurred by the Partnership, or the General Partner on behalf of the Partnership, for activities in furtherance of the business of the Partnership in respect of the BtM Project Assets, including management, upgrading, repair and refurbishment costs, insurance costs, costs for decommissioning, and liabilities incurred by the Partnership in operating and maintaining the BtM Project Assets (including amounts incurred in connection with its engagement of an Affiliate of the General Partner under the Operations Agreement). If the Partnership is unable to fund the equity portion of such costs (taking into consideration the deemed debt-to-equity capital structure reflected in the Approved OEB Rates) from short term credit facilities or other immediately available sources, the General Partner may issue a notice to the Partners requesting Equity Contributions (an “Equity Contribution Request”) to provide additional Equity Contributions in proportion to their respective Partnership Interests at the time of the Equity Contribution Request (an “Additional Equity Contribution”) in accordance with the procedures set out in Section 5.10.
Additional Funding Requirements. 8.1. BP Funding Situation means a situation where the Group requires additional funding (whether immediately or in the reasonably foreseeable future) in order to have sufficient finance so as to permit it to complete the clinical activities and/or obtain the regulatory approvals which are necessary for the Group to achieve the targets set out in the Business Plan.
Additional Funding Requirements. (a) HoldCo, OpCo and any other Operating Company shall to the extent possible independently obtain all credit facilities from third Persons necessary to meet their respective working capital requirements and debt obligations.
Additional Funding Requirements. Parties agree that, subject to the non-exercise by Luxco of its right to opt out of the Luxco Tranche 2 as set out in Clause 2.3.3, an amount of EUR 8 million, consisting of EUR 1.6 million of the Shurgard Tranche 2 and EUR 6.4 million of the Luxco Tranche 2, will only be made available to the Company or, under paragraph (ii) of this Clause, to the Company or any of its Affiliates, for the following purpose and under the following conditions:
Additional Funding Requirements. In addition to all other conditions to funding set forth in this Agreement and other Loan Documents, Lender shall have no obligation to fund any costs of Construction until (1) Lender and/or its consultants have reviewed and approved all Plans and Specifications, construction contracts, builder’s risk insurance, the Project Budget and environmental testing and related reports concerning the Project, and (2) Borrower’s Equity Contribution (excluding the TIF Funds) has been fully used to fund the acquisition of the Property and costs of Construction in accordance with the Project Budget.
Additional Funding Requirements. 48 13. MISCELLANEOUS.............................................49
Additional Funding Requirements. In addition to the foregoing, prior to Lender making of any and all loans hereunder, all of the following shall have been satisfied in a manner satisfactory to Lender:
