Candlewood Member's Equity Contribution Sample Clauses

Candlewood Member's Equity Contribution. Candlewood may cause Candlewood Member to make all or a portion of any Equity Contribution by contributing to the Borrower land, improvements, if any, constituting the project site where the applicable Approved Project for which an Equity Contribution is being made is to be located and personal property both tangible and intangible related to such Approved Project provided such personal property is used in connection with such Approved Project. Any portion of any Equity Contribution for an Approved Project consisting of such land, improvements and personal property shall be valued at the lesser of (x) Candlewood's (or, if applicable, Candlewood Member's) cost of acquiring such land and improvements and, if applicable, constructing such improvements and acquiring such personal property and (y) the amounts budgeted for such land, improvements and personal property in the budget approved by the Lender detailing the Total Project Cost for such Approved Project. In the event that the value of any such land, improvements and personal property contributed by Candlewood Member exceeds the amount of the Equity Contribution required of Candlewood Member pursuant to Section 5.2.7 with respect to an Approved Project then, as mutually agreed by Candlewood Member and the Lender, either (i) the Tranche Amount for such Approved Project will be reduced by such excess and Candlewood Member may count such excess towards any later required Equity Contribution and the applicable Tranche Amount with respect to such later required Equity Contribution shall be increased by the amount of such excess or (ii) Candlewood Member shall be entitled to receive a cash distribution from the Borrower in an amount equal to such excess, provided, however, that so long as no Event of Default has occurred and is continuing, if Candlewood Member has not received credit or cash for such later required Equity Contribution pursuant to this sentence within thirty (30) days of making any excess Equity Contribution, the Lender shall make an advance of the Loan Amount to the Borrower for such purpose so long as the other terms of this Agreement are met. If at any time after one year from the date of the initial advance of the Loan the total number of Approved Projects for which a Tranche of the Loan is committed to be or has been advanced hereunder is or becomes less than ten (10), then Candlewood shall, prior to any further advances of the Loan by the Lender and if so requested by the Lender, have cau...
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Related to Candlewood Member's Equity Contribution

  • Equity Contributions Make, or permit any Significant Subsidiary to make, any equity contributions to any Unregulated Subsidiary; provided, however, that this Section 5.03(h) shall not restrict or otherwise apply to (i) any such equity contributions that are required by Applicable Law or court order or (ii) any intercompany advances made to any Unregulated Subsidiary (including, without limitation, pursuant to the Unregulated Money Pool Agreement) that are recharacterized by a court or other Governmental Authority as equity contributions.

  • Equity Contribution Prior to or substantially concurrently with the initial funding of the Loans hereunder, the Equity Contribution shall be consummated.

  • City Contribution The City agrees to maintain health and dental benefits at present levels for the life of the Agreement.

  • Return of Contribution Nonrecourse to Other Members Except as provided by law, upon dissolution, each member shall look solely to the assets of the Company for the return of the member's capital contribution. If the Company property remaining after the payment or discharge of the Company's debts and liabilities is insufficient to return the cash contribution of one or more members, such member or members shall have no recourse against any other member or the Board.

  • 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.

  • Return of Contributions The General Partner shall not be personally liable for, and shall have no obligation to contribute or loan any monies or property to the Partnership to enable it to effectuate, the return of the Capital Contributions of the Limited Partners or Unitholders, or any portion thereof, it being expressly understood that any such return shall be made solely from Partnership assets.

  • Members Capital Contributions a) Single-Member Capital Contributions (Applies ONLY if Single-Member): The Member may make such capital contributions (each a “Capital Contribution”) in such amounts and at such times as the Member shall determine. The Member shall not be obligated to make any Capital Contributions. The Member may take distributions of the capital from time to time in accordance with the limitations imposed by the Statutes. b) Multi-Member (Applies ONLY if Multi-Member): The Members have contributed the following capital amounts to the Company as set forth below and are not obligated to make any additional capital contributions:

  • Capital Contributions Capital Accounts The capital contribution of the Sole Member is set forth on Annex A attached hereto. Except as required by applicable law, the Sole Member shall not at any time be required to make additional contributions of capital to the Company. The capital accounts of the members shall be adjusted for distributions and allocations made in accordance with Section 8.

  • Member's Capital Accounts A Capital Account for the Member shall be maintained by the Company. The Member's Capital Account shall reflect the Member’s capital contributions and increases for any net income or gain of the Company. The Member’s Capital Account shall also reflect decreases for distributions made to the Member and the Member’s share of any losses and deductions of the Company.

  • Additional Capital Contributions and Issuances of Additional Partnership Interests Except as provided in this Section 4.2 or in Section 4.3, the Partners shall have no right or obligation to make any additional Capital Contributions or loans to the Partnership. The General Partner may contribute additional capital to the Partnership, from time to time, and receive additional Partnership Interests in respect thereof, in the manner contemplated in this Section 4.2.

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