Capital Call Notice Clause Samples
A Capital Call Notice clause defines the process by which an investment fund formally requests its investors to provide additional capital contributions. Typically, this clause outlines the required format, timing, and method of delivering such notices, as well as the information that must be included, such as the amount due and the payment deadline. Its core function is to ensure that all investors are clearly informed and given adequate notice when additional funding is needed, thereby facilitating smooth capital inflows and reducing the risk of misunderstandings or missed payments.
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Capital Call Notice. Provided that the proposed acquisition has not been earlier terminated, after the expiration of the Due Diligence Period, General Partner shall submit a written request (a “Capital Call Notice”) to the Advisor setting forth the acquisition price, closing costs and any other costs to complete the acquisition and NYSCRF’s share of such costs. The Capital Call Notice will identify wiring instructions including the due date for receipt of NYSCRF’s share of such costs which shall not be less than six (6) business days after the receipt of the Capital Call Notice by Advisor. Such due date shall also not be more than one (1) day prior to the closing of the property acquisition by the Company.
Capital Call Notice. At any time and from time to time during the Commitment Period, except as provided in this Agreement, the Company may deliver a Capital Call Notice to Investor, subject to satisfaction of the conditions set forth in Section 7.2 and otherwise provided herein. The Company shall deliver the Capital Call Shares as DWAC Shares to the Investor alongside the Capital Call Notice.
Capital Call Notice. Each Capital Call Notice will specify: (i) the aggregate amount of Capital Contributions to be made consistent with the current Annual Budget; (ii) the date on which such funds are to be contributed (which date will not be less than twenty (20) Days after the date the Capital Call Notice is issued by the Board); (iii) the amount of the Capital Contribution to be made by each Member (calculated as the product of such aggregate amount of Capital Contributions described in clause (i) multiplied by such Member’s Percentage Interest); (iv) the bank account of the Company to which such Capital Contributions should be transferred; and (v) the purpose(s) for which the additional capital will be utilized (including a reference to the applicable item(s) in the Annual Budget or Facilities Budget against which such capital will be applied). In no event shall a Capital Call Notice be issued for the purpose of funding cash distributions to the Members. Each Capital Call Notice issued by the Board shall, absent manifest error, be conclusive and binding for all purposes on the Members.
Capital Call Notice. Upon receipt by the Board from any Construction Manager, Service Provider or Operator of a Request for Advance for amounts that do not result in aggregate spend in excess of the Construction Cost Threshold or the Operating Cost Threshold, as applicable, or approval by the Board pursuant to Section 4.9(b), 7.2(b) or 7.3 or as provided in Section 7.2(a) or the [_______], the Board shall provide (or cause Service Provider or Operator, as applicable, to provide) written notice to the Members (a “Capital Call Notice”), which notice shall specify the aggregate amount of such Capital Contribution, each Member’s share of such Capital Contribution (if any), and the date (which date (a) with respect to amounts requested from Joint Pipeline Construction Manager and Operator, shall be on or before the first (1st) Business Day of the calendar month succeeding the month in which the relevant Capital Call Notice is received by the Members and (b) with respect to amounts requested under the [_______] and from Plains Construction Manager, BTW Construction Manager and Service Provider, shall be not less than fifteen (15) days following the date that such Capital Call Notice is received by the Members) on which such Capital Contribution is to be made by the relevant Members. All Capital Contributions shall be made to a bank account of the Company in immediately available funds. A Capital Call Notice shall be delivered to the Members in accordance with Section 12.2.
Capital Call Notice. If the Company determines to make a Capital Call, it shall deliver written notice (each, a "Capital Call Notice") to each Shareholder, specifying the aggregate amount of Capital Contributions requested by the Company (the "Capital Call Amount").
Capital Call Notice. Unless waived by a contributing Member, any Capital Contribution (other than Service Contributions) will be requested in a capital call issued by the Board upon at least 21 days’ written notice to such Member. For all purposes under this Agreement, any Capital Contributions will be deemed to have been made on the later of (i) the date such Capital Contribution is required to be made pursuant to a notice delivered pursuant to this Section 4.01(c) and (ii) the date on which such Capital Contribution is actually made.
Capital Call Notice. The term "
Capital Call Notice. A prompt notice to Bank of each Capital Call, including the date and amount of such Capital Call and the amount of Callable Capital after giving effect to such Capital Call, via e-mail at the address specified in Section 9;
Capital Call Notice. Each Call Notice shall identify for the Capital Call for which a Call Notice is being delivered (i) in reasonable detail, the purpose of the Capital Call, (ii) whether the Capital Call relates to the Initial Capital Contribution or an Additional Capital Contribution, (iii) the total amount to be funded and the per interest amount to be funded pursuant to such Capital Call (the “Capital Amount”), (iv) each Class A Partner’s portion of the Capital Amount (based on such Partner’s Commitment Percentage), (v) the date by which such Capital Amount must be funded to the Partnership (the “Funding Date”), which Funding Date shall not be less than ten (10) Business Days following the date of the Call Notice and (vi) wire transfer instructions for the bank account for the Partnership to which the Capital Amount must be funded. Other than with respect to a Capital Call for the Initial Capital Contribution, any Call Notice may be withdrawn by the General Partner, or the Capital Amount that is the subject of the Call Notice reduced proportionally amount the Class A Partners in accordance with their respective Commitment Percentages at any time prior to the Funding Date for such Call Notice. The General Partner shall deliver written notice to each Class A Partner