Capital Block Sample Clauses

Capital Block. Without limiting the foregoing, none of the Administrative Agent or the Lenders shall be liable to the Loan Parties[ in the event the conditions to the imposition or implementation of such reserves have not been met at the time the Administrative Agent is directed to impose such reserves or] for any action taken or omitted to be taken by the Administrative Agent or the Lenders in connection with the [Term Loan Discretionary Reserve and/or the Term Loan Supplemental Reserve]
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Capital Block. Term Loan Debt - all Debt owing to the Term Loan Lenders under the Term Loan Documents. [Term Loan Discretionary Reserve - an availability reserve in an aggregate amount not to exceed five percent (5%) of the Term Loan Borrowing Capacity at any time (calculated without giving effect to the Term Loan Discretionary Reserve, the Availability Block, the Seasonal Availability Block, the Schedule III Reserve, or the Term Loan Supplemental Reserve) imposed by the Administrative Agent at the written direction of the Term Loan Agent, which reserve is deemed appropriate in the Term Loan Agent’s reasonable discretion (without limiting the generality of this definition, including any such reserve that (x) ensures that the Loan Parties maintain adequate liquidity for the operation of their business, (y) covers any deterioration in the amount or value of the Collateral and (z) reflects impediments to the Term Loan Agent’s ability to realize upon the Collateral, shall, in each case, be deemed to be a reasonable exercise of the Term Loan Agent’s discretion), upon one Business Day’s prior written notice from the Term Loan Agent to the Administrative Agent. Any such written direction letter shall identify the amount of the “Term Loan Discretionary Reserve” to be imposed, reference the Intercreditor Agreement and indicate that it is a “Term Loan Discretionary Reserve Direction Notice”.]
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Capital Block. At no point shall a US Lender’s (which, for purposes of this clause (ii), shall include its Canadian Lender Affiliate’s or branch’s) Total Revolver Outstandings exceed its Total Affiliate Commitment.
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Related to Capital Block

  • Member and Capital Contribution The name and the business address of the Member and the amount of cash or other property contributed or to be contributed by the Member to the capital of the Company are set forth on Schedule A attached hereto and shall be listed on the books and records of the Company. The managers of the Company shall be required to update the books and records, and the aforementioned Schedule, from time to time as necessary to accurately reflect the information therein. The Member shall not be required to make any additional contributions of capital to the Company, although the Member may from time to time agree to make additional capital contributions to the Company.

  • Initial Capital Contribution The initial Capital Contribution of the Original Member as of the date of this Agreement will be $ .

  • Initial Capital Contribution and Ownership The Trust Beneficial Owner has paid or has caused to be paid to, or to an account at the direction of, the Trustee, on the date hereof, the sum of $15 (or, in the case of Notes issued with original issue discount, such amount multiplied by the issue price of the Notes). The Trustee hereby acknowledges receipt in trust from the Trust Beneficial Owner, as of the date hereof, of the foregoing contribution, which shall be used along with the proceeds from the sale of the series of Notes to purchase the Funding Agreement. Upon the creation of the Trust and the registration of the Trust Beneficial Interest in the Securities Register (as defined in the Trust Agreement) by the Registrar in the name of the Trust Beneficial Owner, the Trust Beneficial Owner shall be the sole beneficial owner of the Trust.

  • 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 Capital Contributions (Check One)