Capital Call Schedule. A. Capital Call for the First Funding Period The Children’s Trust will send the Capital Call notices for the first Funding Period to the Funders on approximately January 25, 2016, in the aggregate amount set forth in Article IV below. The Funders must provide the Committed Capital set forth in the Capital Call notice within 45 days, but no less than 30 days to Children’s Trust, provided that one or more of the Funders may directly transfer its Committed Capital related to NFP Program Services as set forth in Table 3 below to NFP or one or more of the Implementing Agencies in accordance with its Funding Agreement, and upon providing written notice of such transfer to Children’s Trust. If one or more of the Funders fail to provide all of the Committed Capital set forth in the Capital Call notice for the first Funding Period, then (a) the Children’s Trust shall notify the Executive Committee within three [3] days of such failure and (b) Article VIII.F.2.A in this Contract will take effect.
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Capital Call Schedule. A. Capital Call for the First Funding Period The Children’s Trust will send the Capital Call notices for the first Funding Period to the Funders on approximately January 25, 2016, in the aggregate amount set forth in Article IV below. The Funders must provide the Committed Capital set forth in the Capital Call notice within 45 days, but no less than 30 days to Children’s Trust, provided that one or more of the Funders may directly transfer its Committed Capital related to NFP Program Services as set forth in Table 3 below to NFP or one or more of the Implementing Agencies in accordance with its Funding Agreement, and upon providing written notice of such transfer to Children’s Trust. If one or more of the Funders fail to provide all of the Committed Capital set forth in the Capital Call notice for the first Funding Period, then (a) the Children’s Trust shall notify the Executive Committee within three [3] days of such failure and (b) Article VIII.F.2.A in this Contract will take effect.
B. Capital Call for Subsequent Funding Periods For each of the seven [7] subsequent Funding Periods (Funding Periods 2, 3, 4, 5, 6, 7, and 8), the Children’s Trust will send Capital Call notices to the Funders 75 days prior to the start of each Funding Period. The exact amount of the Capital Call will be determined pursuant to the terms of Article V and Article VI below. Each of the Funders must provide the Committed Capital set forth in the applicable Capital Call notice within 45 days, but not less than 30 days, to Children’s Trust, provided that one or more of the Funders may directly transfer its Committed Capital related to NFP Program Services as set forth in Table 3 below to NFP or one or more of the Implementing Agencies in accordance with its Funding Agreement, and upon providing written notice of such transfer to Children’s Trust. If one or more of the Funders fails to provide all of the Committed Capital set forth in the applicable Capital Call notice, then (a) the Children’s Trust shall notify the Executive Committee within three [3] days of such failure and (b) Article VIII.F.2.b in this Contract will take effect.
