Additional Funding Requirements Sample Clauses

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.
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Additional Funding Requirements. 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.
Sample 1
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.
Sample 1
Additional Funding Requirements. 48 13. MISCELLANEOUS.............................................49
Sample 1
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: (A) No change in the condition or operations, financial or otherwise, of Borrower shall have occurred which change, in the reasonable credit judgment of Lender, may have a material adverse effect on Borrower or on any of the Collateral; (B) No litigation shall be outstanding or have been instituted or threatened which Lender determines to be material against Borrower or any of the Collateral; (C) All of the representations and warranties of Borrower set forth in this Agreement and each of the other Agreements to which Borrower is a party shall be true and correct on the date of the contemplated loan to the same extent as originally made on such date; (D) No Event of Default or Default shall exist or be continuing; (E) Lender shall be satisfied that the transactions contemplated by this Agreement are in compliance with all applicable laws, regulations, orders, and contractual obligations deemed relevant by Lender; (F) Lender's continuing due diligence review with respect to Borrower, including, without limitation, investigations and reviews of Borrower's condition (financial or otherwise), business, operations, results of operations, assets, prospects, litigation and environmental matters, and field review of the Collateral by Lender's representatives, shall continue to be satisfactory to Lender as of the Closing Date; (G) Lender's liens and security interests securing the Liabilities shall have been duly created and perfected and be of first priority, except as otherwise expressly permitted by this Agreement; (H) The corporate, capital and legal structure, as well as the ownership and the organizational documents, of Borrower shall be satisfactory to Lender in all respects; and (I) The Lender shall have received, on or prior to 1:00 P.M. (Chicago, Illinois time) no later than the day a Prime Rate Revolving Loan is to be made and at least two (2) Business Days prior to the day a LIBOR Rate Revolving Loan is to be made, (i) a telephonic request (which telephonic request, in the case of LIBOR Rate Revolving Loan, shall be promptly confirmed in writing) from the Borrower for an advance in a specific amount, and (ii) a current daily certificate identifying the current Borrowing Base and all other documents required to have been delivered to the Lender hereunder prior to such date. In the case of ...
Sample 1
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: (i) In case the Parties agree to fund the acquisition and/or the development of a certain Property by the Company solely through capital contributions by the Parties (and therefore not – partially – through funds drawn under the Credit Facility), an amount of up to EUR 8 million (less any amounts previously made available to and not reimbursed by the Company in accordance with sections (ii) and/or (iii) of this Clause 4.5) will be made available by the Parties to the Company in accordance with Clauses 4.1, 4.2 and 4.3. (ii) In case the Parties agree that the Company or any of its Affiliates requires a working capital facility to provide for the short term working capital needs in the development phase of the Company or such Affiliate, a working capital facility of an amount to be agreed between Parties but in no event exceeding EUR 8 million (less any amounts previously made available to the Company or its Affiliates in accordance with sections (i) and/or (iii) of this Clause 4.5) will be made available by the Parties to the Company or its Affiliates, in the form of loans provided under a working capital facility agreement, in a form to be agreed by the Parties. Any indebtedness of the Company or its Affiliates under such working capital facility agreement shall be subordinated to the Credit Facility, under the terms of a subordination agreement with the Lenders, as envisaged in the sample financing term sheet attached as Schedule 4.4.2. (iii) In case of a Default (as defined in the Credit Facility) of the Company under the Credit Facility, each Party shall subscribe for and fully pay up in cash a capital increase of the Company in an amount of up to EUR 8 million (less any amounts previously made available to and not reimbursed by the Company in accordance with sections (i) and/or (ii) of this Clause 4.5), subject to terms and conditions to be mutually agreed upon between the Parties, it being understood that for any amount to be paid up pursuant to this Clause 4.5(iii), 20% will be paid up by Shurgard and 80% will b...
Sample 1
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.
Sample 1
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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. (b) If any Operating Company requires funding in excess of that originally contemplated by the Parties (including, in the case of OpCo, the funding requirements set out in Article 2.2), and HoldCo and such Operating Company are unable to obtain such additional funding on an independent basis, the Parties shall exert their best efforts to make available to such Operating Company appropriate financial assistance or security or other credit support to enable the Operating Companies to obtain such credit facilities. Any additional funding or credit support to be provided by the Parties shall be borne by them in proportion to their respective Percentage Interests; provided, however, that HoldCo has a sole discretion to determine the method to obtain the funding or credit support, which may include additional subscriptions to shares in the capital stock of the relevant Operating Company or loans or other credit facilities obtained by such Operating Company from banks or other financial institutions. (c) For the avoidance of doubt, nothing in this Article 3.2 shall be interpreted as requiring any Party to extend debt financing to, make contributions to the equity of, or issue any guarantee, security or other credit support for the financing requirements of, any Operating Company.
Sample 1

Related to Additional Funding Requirements

  • Funding Requirements If Subrecipient receives funds pursuant to this Contract for more than one program, the funds received by Subrecipient for each program shall be expended only for that program, and Subrecipient shall not expend more funds for any program than are set forth in the Attachment C, Budget Schedule(s) for that program. Subrecipient shall operate continuously throughout the term of this Contract with at least the minimum number and type of staff and volunteers required for provision of the services described. Such staff and volunteers shall be qualified in accordance with all applicable statutes and regulations. Subrecipient agrees to submit to Administrator, upon request, a list of persons, including employees, subcontractors and volunteers, who are to provide such services, and any changes to said list, by name, title, professional degree, and experience.

  • Federal Funding Requirements If this Agreement is funded in whole or in part by the federal government, this section is applicable. It is mutually understood between the parties that this Agreement may have been written for the mutual benefit of both parties before ascertaining the availability of congressional appropriation of funds, to avoid program and fiscal delays that would occur if this Agreement were executed after that determination was made. This Agreement is valid and enforceable only if sufficient funds are made available to the JBE by the United State Government for the fiscal year in which they are due and consistent with any stated programmatic purpose, and this Agreement is subject to any additional restrictions, limitations, or conditions enacted by the Congress or to any statute enacted by the Congress that may affect the provisions, terms, or funding of this Agreement in any manner. The parties mutually agree that if the Congress does not appropriate sufficient funds for any program under which this Agreement is intended to be paid, this Agreement shall be deemed amended without any further action of the parties to reflect any reduction in funds. The JBE may invalidate this Agreement under the termination for convenience or cancellation clause (providing for no more than thirty (30) days’ Notice of termination or cancellation), or amend this Agreement to reflect any reduction in funds.

  • Bonding Requirements The Contractor is required to furnish a performance bond on the form in a form acceptable to the City, in a sum of not less than [insert bonding level] of the annual amount of the contract to guarantee the faithful performance of this contract. The bond must be approved as to sufficiency and qualifications of the surety by the Controller.

  • Closing Requirements Closing shall occur after approval of title commitment, as described hereinabove. a) At closing, Seller shall do the following: 1. Duly execute, acknowledge and deliver to Buyer, a Quit Claim Deed conveying the Property to Buyer, free and clear of all liens, claims, pledges and encumbrances. b) At closing, Buyer shall do the following: 1. Execute and provide at closing, all documents reasonably required by the City for closing. 2. Tender payment at closing for the purchase price and all associated closing costs described herein.

  • Staffing Requirements Licensee will be in full compliance with the main studio staff requirements as specified by the FCC.

  • No Requirement of Matched Funding Anything to the contrary contained herein notwithstanding, neither Agent, nor any Lender, nor any of their Participants, is required actually to acquire eurodollar deposits to fund or otherwise match fund any Obligation as to which interest accrues at the LIBOR Rate.

  • Monitoring Requirements This Schedule sets out the contract management requirements which are applicable to the delivery of the Services.

  • Post-Closing Requirements Borrowers shall complete each of the post-closing obligations and/or provide to Agent each of the documents, instruments, agreements and information listed on Schedule 7.4 attached hereto on or before the date set forth for each such item thereon, each of which shall be completed or provided in form and substance satisfactory to Agent.

  • Subsidy Requests and Reporting Requirements 1. The Grantee or Management Company shall complete a CRF Subsidy Request Report - Recap of Tenant Income Certification, which provides a unit-by-unit listing of all units in the Development for whom assistance is being requested and gives detailed information including the occupants’ eligibility, set-aside requirements, amount of household rent paid, utility allowance and amount of CRF Rental Subsidy requested. 2. The CRF Subsidy Request Report - Recap of Tenant Income Certification shall be prepared as of the last day of each calendar month during the period of performance and shall be submitted to XXXXxxxxxxxx@XxxxxxxXxxxxxx.xxx and Florida Housing’s monitoring agent no later than the 15th day of the following month. The December 2020 request will be due on or before December 15th. The Grantee will submit executed Coronavirus Relief Fund Rental Assistance Applications and supporting documentation to Florida Housing’s monitoring agent within 5 days upon the monitoring agent’s request.

  • Forecasting Requirements 19.5.1 The Parties shall exchange technical descriptions and forecasts of their Interconnection and traffic requirements in sufficient detail necessary to establish the Interconnections necessary for traffic completion to and from all Customers in their respective designated service areas.

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