Capital Construction Fund Sample Clauses

Capital Construction Fund. No Company has made any deposit to a Capital Construction Fund in respect of any fiscal period subsequent to its most recently completed fiscal year (April 30, 2000 in the case of G&B, September 30, 2000 in the case of Gilco, March 31, 2000 in the case of GCB and December 31, 2000 in the case of C&C).
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Capital Construction Fund. 32 ARTICLE VII Conditions To Consummation Of the Merger
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Capital Construction Fund. As of the date hereof, the fund (the "Capital Construction Fund") es- tablished pursuant to the Maritime Administration Capital Construction Fund Agreement (Contract No. MA/CCF-306), dated as of December 8, 1976, between the Assistant Secretary of Commerce for Maritime Affairs and American President Lines, Ltd., and Addenda Nos. 1-22 thereto, consists of an investment of not greater than $65 million in the Company's trade accounts receivable.
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Capital Construction Fund. The Com- pany agrees to use its reasonable efforts, following consul- tation with Parent and subject to Parent's reasonable objec- tions, to spend or invest the Capital Construction Fund prior to the Effective Time in order to minimize any adverse tax consequences to such fund or the Company as a result of the Merger and maximize the value of such fund to the Company.
Sample 1
Capital Construction Fund. If Purchaser elects to treat the Vessel as a qualified vessel for purposes of using its capital construction fund pursuant to Section 607 of the Merchant Marine Act, 1936, as amended, Seller will provide, and will cause the Builder to provide, Purchaser, promptly upon Purchaser's written request, all documentation reasonably necessary to assist Purchaser with such election.
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Related to Capital Construction Fund

  • Additional Funds and Capital Contributions .. 22 Section 4.4 Stock Option Plan................................... 23 Section 4.5 No Interest; No Return.............................. 24 Section 4.6 Conversion or Redemption of Preferred Shares........ 24

  • Initial Capital Contribution of Trust Estate As of the date of the Original Trust Agreement, the Seller sold, assigned, transferred, conveyed and set over to the Owner Trustee the sum of $1. The Owner Trustee hereby acknowledges receipt in trust from the Seller, as of such date, of the foregoing contribution, which shall constitute the initial Trust Estate and shall be deposited in the Collection Account.

  • Capital Costs Capital Costs" shall mean any and all investments that ------------- are or would be capitalized pursuant to GAAP.

  • Capital Changes Until the one year anniversary of the Closing Date, the Company shall not undertake a reverse or forward stock split or reclassification of the Common Stock without the prior written consent of the Purchasers holding a majority in interest of the Shares.

  • Additional Funding and Capital Contributions If the Board of the Company or Haimeng at any time or from time to time determines that funding and/ or capital contributions to the Company or Haimeng are necessary to conduct the Company’s or Haimeng’s business activities, then:

  • Capital Contributions of the Partners (a) The Partners have made the Capital Contributions as set forth in Exhibit A.

  • Capital Contributions and Accounts ..................................................12 4.01 Capital Contributions.............................................................12 4.02 Additional Capital Contributions and Issuance of Additional Partnership Interests.........................................................................12 4.03

  • Capital Contributions Persons seeking to become a Member shall be required to purchase or acquire Shares and make capital contributions in such forms and in such amounts and at such times as the Board may require, if any, in its sole discretion (any, a “Capital Contribution”) whereupon a capital account for a new Member will be established, and, if applicable, accreted, in the amount of such Member’s Capital Contribution or based upon the fair market value of property contributed, and the new Member shall be issued a number of Class A Ordinary Shares as determined by the Board, and the Board shall update Exhibit A attached hereto accordingly. The provisions of this Section 3.1 are solely intended for the benefit of the Members and, to the fullest extent permitted by law, shall not be construed as conferring any benefit upon any creditor of the Company (and no such creditor shall be a third-party beneficiary of this Agreement). The Members shall have no duty or obligation to any creditor of the Company to make any contribution to the Company.

  • Capital Calls Except as set forth in the Constituent Documents and the Side Letters, no Borrower shall make any contractual agreement which shall restrict, limit, penalize or control its ability to make Capital Calls or the timing thereof.

  • Capital Contributions and Capital Accounts (a) The value of the interests contributed by the Class A Certificateholders and the Class I Certificateholders shall equal the amount paid by such Certificateholders for such interests, respectively, and such amounts shall constitute the opening balance in their Capital Accounts (as hereinafter defined). The value of the interests contributed by the Class IC Certificateholder shall equal the fair market value of the Receivables contributed to the Tax Partnership less the value attributed to the Class A Certificateholders and the Class I Certificateholders, as described above. Such amount shall constitute the opening balance in the Class IC Certificateholder's Capital Account.

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