Capital Contribution of Hebei Limited Partner Sample Clauses

Capital Contribution of Hebei Limited Partner. Alderon, in its capacity as manager under the Management Agreement, and the Managing General Partner covenant to Hebei Limited Partner that they will use commercially reasonable efforts to deliver the Feasibility Study to Hebei on or before January 31, 2013. If the Feasibility Study provides that (a) the total capital expenditures required to develop the Kami Project to an annual production capacity of 8 million MT are less than or equal to $1.3 billion which will be stated in the Feasibility Study to be subject to a range of accuracy; (b) total reserves at the Kami Property are greater than 500 million MT; and (c) the specifications for the iron ore concentrate meet the minimum specifications set out in the Off Take Agreement in order for the Agreement to be effective, Hebei shall be deemed to have approved the Feasibility Study. If the Feasibility Study does not meet any or all of the foregoing provisions, then Hebei Limited Partner’s approval of the Feasibility Study shall be required. If Hebei Limited Partner has a right of approval in respect of the Feasibility Study, Hebei Limited Partner must provide its decision as to whether it approves the Feasibility Study or not to Alderon in writing within fifteen (15) Business Days following receipt of the Feasibility Study by Hebei Limited Partner from the Partnership. If Hebei Limited Partner fails to deliver its decision to Alderon within the frame set out herein, Hebei Limited Partner shall be deemed to have not approved the Feasibility Study. Hebei Limited Partner shall contribute to the Partnership the Initial Contribution payable not later than fifteen (15) Business Days following the approval or deemed approval of the Feasibility Study by Hebei Limited Partner. If the Feasibility Study is not delivered by January 31, 2013, or Hebei Limited Partner does not approve the Feasibility Study in accordance with the provisions of this Section 3.4, Hebei Limited Partner may elect to tender its LP Unit to the Partnership for cancellation for $1.00. Alderon may elect to cause Hebei Limited Partner to tender its Unit for cancellation for $1.00 if Hebei Limited Partner does not approve the Feasibility Study in accordance with the provisions of this Section 3.4. In each case, upon such cancellation, this Agreement shall terminate and be of no further force and effect and none of the Parties shall have any further liability to one another in respect of the provisions hereof.
Sample 1
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Capital Contribution of Hebei Limited Partner. Alderon, in its capacity as manager under the Management Agreement, and the General Partner covenant to Hebei Limited Partner that they will use commercially reasonable efforts to deliver the Feasibility Study to Hebei on or before January 31, 2013. If the Feasibility Study provides that (a) the total capital expenditures required to develop the Kami Project to an annual production capacity Legal*7421044.1
Sample 1

Related to Capital Contribution of Hebei Limited Partner

  • 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 On March 7, 2007, the Member made a capital contribution of One Hundred Dollars ($100.00) to the Company, and, as consideration therefor, the Member received a percentage interest of One Hundred Percent (100%) in the Company.

  • Members Capital Contributions (a) Initial Capital Contribution. The initial Capital Contribution described on Schedule 1 (the “Property”) was made by the previous Member.

  • 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:

  • Initial Capital Contributions (a) The Partners have made, on or prior to the date hereof, Capital Contributions and, in exchange, the Partnership has issued to the Partners the number of Class A Units as specified in the books and records of the Partnership.

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

  • 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.

  • Additional Capital Contributions No Member shall be required to make additional capital contributions. A Member may make additional capital contributions to the Company.

  • 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 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.

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