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.
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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

  • Conversion of Capital Stock At the Effective Time, by virtue of the Merger and without any action on the part of Parent, Merger Sub, the Company or the holder of any shares of capital stock of Merger Sub or the Company:

  • Withdrawal of Capital No Member may withdraw all or any part of its Capital Contribution except with the unanimous consent of the mangers or as provided in Article III (regarding distributions generally) or Article VIII (regarding dissolution of the Company).

  • Return of Capital Contributions No Partner shall be entitled to withdraw any part of its Capital Contribution or its Capital Account or to receive any distribution from the Partnership, except as specifically provided in this Agreement. Except as otherwise provided herein, there shall be no obligation to return to any Partner or withdrawn Partner any part of such Partner’s Capital Contribution for so long as the Partnership continues in existence.

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