Additional Joint Venture Contributions Requirements Sample Clauses

Additional Joint Venture Contributions Requirements. Default.- If a Party (hereinafter referred to as the ------- "Defaulting Party") fails to timely make a required ---------------- Additional Joint Venture Contribution or make a required Loan within ten (10) business days after such JV Contribution or Loan is required, as provided herein, the other Party (hereinafter referred to as the "Non-Defaulting -------------- Party") may exercise one or more of the following remedies ----- (but not any other): (i) File a proceeding to compel the Defaulting Party to contribute the Additional Joint Venture Contribution or Loan; (ii) Loan to the Joint Venture on behalf of the Defaulting Party the amount of the Additional Joint Venture Contribution or Loan due from the Defaulting Party ("Default Loan"), in which case the Defaulting Party ------------ (i) will be liable to the Non-Defaulting Party for the amount of such advance, plus all expenses incurred by the Non-Defaulting Party and the Joint Venture in connection with such advance, including reasonable attorneys' fees, and interest at the Default Rate, and (ii) any distributions otherwise due from the Joint Venture to the Defaulting Party will be applied first to repayment of any Default Loans outstanding; (iii) Borrow on behalf of the Joint Venture from a lender other than the Non-Defaulting Party the amount of the Additional Joint Venture Contribution or Loan due from the Defaulting Party on such terms as the Non- Defaulting Party, in its sole discretion, may be able to obtain, in which case, the Defaulting Party will be liable to the Joint Venture for the principal amount of, and interest on, such borrowing, plus all expenses reasonably incurred by the Joint Venture in connection with such borrowing, including reasonable attorneys' fees, and any distributions otherwise due from the Joint Venture to the Defaulting Party may be set off against, and applied secondly to the payment of, such liability; (iv) Refuse to make any Additional Joint Venture Contributions or Loans to the Joint Venture without being in default of any provision of this Agreement; or (v) Exercise its rights under Section 11.4. ------------ Unless and until a Project is expressly elected by the Parties to be developed by the Joint Venture, no Party shall have any obligation to take any actions for and/or on behalf of the Joint Venture and/or to make JV Contributions, Loans and/or advances to the Joint Venture.
Sample 1
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Related to Additional Joint Venture Contributions Requirements

  • Additional Contributions The Member is not required to make any additional capital contribution to the Company. However, the Member may at any time make additional capital contributions to the Company in cash or other property.

  • Tax Credit for Contributions You may be eligible to receive a tax credit for your IRA contributions. This credit will be allowed in addition to any tax deduction that may apply, and may not exceed $1,000 in a given year. You may be eligible for this tax credit if you are • age 18 or older as of the close of the taxable year, • not a dependent of another taxpayer, and • not a full-time student. The credit is based upon your income (see chart below), and will range from 0 to 50 percent of eligible contributions. In order to determine the amount of your contributions, add all of the contributions made to your IRA and reduce these contributions by any distributions that you have taken during the testing period. The testing period begins two years prior to the year for which the credit is sought and ends on the tax return due date (including extensions) for the year for which the credit is sought. In order to determine your tax credit, multiply the applicable percentage from the chart below by the amount of your contributions that do not exceed $2,000. *Adjusted gross income (AGI) includes foreign earned income and income from Guam, America Samoa, North Mariana Islands, and Puerto Rico. AGI limits are subject to cost-of-living adjustments each year.

  • Initial Contributions The Members initially shall contribute to the Company capital as described in Schedule 2 attached to this Agreement.

  • Organizational Contributions In connection with the formation of the Partnership under the Delaware Act, the General Partner made an initial Capital Contribution to the Partnership in the amount of $20.00, for a 2% General Partner Interest in the Partnership and has been admitted as the General Partner of the Partnership, and the Organizational Limited Partner made an initial Capital Contribution to the Partnership in the amount of $980 for a 98% Limited Partner Interest in the Partnership and has been admitted as a Limited Partner of the Partnership. As of the Closing Date, the interest of the Organizational Limited Partner shall be redeemed; and the initial Capital Contribution of the Organizational Limited Partner shall thereupon be refunded. Ninety-eight percent of any interest or other profit that may have resulted from the investment or other use of such initial Capital Contributions shall be allocated and distributed to the Organizational Limited Partner, and the balance thereof shall be allocated and distributed to the General Partner.

  • FINANCIAL CONTRIBUTIONS (§5.d): Owner shall use reasonable efforts to seek contributions and grants from Capital Metro Transit Authority (CMTA) and Xxxxxx County.

  • Other Contribution Provisions In the event that any Partner is admitted to the Partnership and is given a Capital Account in exchange for services rendered to the Partnership, unless otherwise determined by the General Partner in its sole and absolute discretion, such transaction shall be treated by the Partnership and the affected Partner as if the Partnership had compensated such partner in cash and such Partner had contributed the cash to the capital of the Partnership. In addition, with the consent of the General Partner, one or more Limited Partners may enter into contribution agreements with the Partnership which have the effect of providing a guarantee of certain obligations of the Partnership.

  • Catch-Up Contributions In the case of a Traditional IRA Owner who is age 50 or older by the close of the taxable year, the annual cash contribution limit is increased by $1,000 for any taxable year beginning in 2006 and years thereafter.

  • Campaign Contribution Restrictions For all State contracts as defined in C.G.S. § 9-612(g) the authorized signatory to this Contract expressly acknowledges receipt of the State Elections Enforcement Commission’s (“SEEC”) notice advising state contractors of state campaign contribution and solicitation prohibitions, and will inform its principles of the contents of the notice. See Form reproduced and inserted below.

  • How Are Contributions to a Xxxx XXX Reported for Federal Tax Purposes You must file Form 5329 with the IRS to report and remit any penalties or excise taxes. In addition, certain contribution and distribution information must be reported to the IRS on Form 8606 (as an attachment to your federal income tax return.)

  • Campaign Contributions The CONTRACTOR is hereby notified of the applicability of 11-355, HRS, which states that campaign contributions are prohibited from specified state or county government contractors during the terms of their contracts if the contractors are paid with funds appropriated by a legislative body.

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