Application of Capital Sample Clauses

Application of Capital. The Class B Member shall take such actions as are reasonably necessary on behalf of the Company and/or any of its Subsidiaries to disburse the proceeds of any Capital Contributions or Protective Capital for the purposes for which the funds were contributed.
AutoNDA by SimpleDocs
Application of Capital. Contributions The General Partner shall deposit in the Partnership Account the Capital Contributions and apply such Capital Contributions to (i) pay to the General Partner the aggregate amount due pursuant to Section 4.7B in consideration of the General Partner's payment of Organization and Offering Costs, (ii) pay Commissions, and (iii) pay to the General Partner the Acquisitions Fee. The balance of such Capital Contributions shall be held in the Partnership Account to be applied to the payment of Property Acquisition Costs and, to the extent not payable out of Revenues or Investment Income, Direct Administrative Costs, and other Partnership costs; provided, however, that such funds may be temporarily invested prior to the payment of such costs in accordance with Section 10.3.
Application of Capital. 11.1 At any time, the Trustees may, or may decide to pay, apply or appropriate as much of the capital of the Trust Fund as they think fit for or towards one or more of the Charitable Purposes of the Trust provided that where there is more than one Charitable Purpose, the Trustees need not treat each Charitable Purpose equally. Any payment, application or appropriation of capital may be made either in addition to or in place of any payment, application or appropriation of income.

Related to Application of Capital

  • Return of Capital Except pursuant to the rights of Redemption set forth in Section 8.6, no Limited Partner shall be entitled to the withdrawal or return of his or her Capital Contribution, except to the extent of distributions made pursuant to this Agreement or upon termination of the Partnership as provided herein. No Limited Partner or Assignee shall have priority over any other Limited Partner or Assignee either as to the return of Capital Contributions, or as otherwise expressly provided in this Agreement, or as to profits, losses, distributions or credits.

  • Description of Capital Stock The authorized capital stock of the Company conforms as to legal matters to the description thereof contained in the Prospectus.

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!