CAPITAL OF CORPORATION Sample Clauses

CAPITAL OF CORPORATION. The total capital of Corporation made up of outstanding capital stock and indebtedness shall not exceed Corporation's requirements for (a) the cost of Corporation's facilities described in Sections 1.01 and 1.02, which shall include all components of cost of organization of Corporation and construction of such facilities, including interest during construction, as provided in Accounts 301 through 393 and the Instructions--Electric Plant Accounts of the Uniform System of Accounts, (b) the cost of any additional project facilities that may be installed pursuant to Section 3.06 hereof, (c) that part of the cost of replacements as provided for in Section 3.07 not borne by DOE, (d) costs incident to financing, and (e) necessary working capital. It is the intent of the parties hereto that working capital be kept to a minimum consistent with the requirements of Corporation to enable Corporation to carry on its business of operating the facilities referred to in this Section 3.05 with reasonable smoothness and dispatch. The initial amount of capital stock of Corporation to be issued prior to full scale operation shall not exceed (i) an aggregate par value of $20,000,000 if the initial indebtedness of Corporation issued prior to full scale operation does not exceed $420,000,000 or (ii) an aggregate par value equal to 5% of the total initial capital (consisting of indebtedness of Corporation and its capital stock) issued prior to full scale operation of such initial indebtedness of Corporation exceeds $420,000,000.
Sample 1
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Related to CAPITAL OF CORPORATION

  • Capital of the Company Except as expressly provided for in this Agreement, no Member shall be entitled to withdraw or receive any interest or other return on, or return of, all or any part of its Capital Contribution, or to receive any Company Assets (other than cash) in return for its Capital Contribution. The Class A Member shall not be entitled to make a Capital Contribution to the Company except as expressly authorized or required by this Agreement.

  • S Corporation The Company has not made an election to be taxed as an "S" corporation under Section 1362(a) of the Code.

  • Real Property Holding Corporation The Company is not and has never been a U.S. real property holding corporation within the meaning of Section 897 of the Internal Revenue Code of 1986, as amended, and the Company shall so certify upon Purchaser’s request.

  • U.S. Real Property Holding Corporation The Company is not and has never been a U.S. real property holding corporation within the meaning of Section 897 of the Internal Revenue Code of 1986, as amended, and the Company shall so certify upon Purchaser’s request.

  • Bank Holding Company Act Neither the Company nor any of its Subsidiaries or Affiliates is subject to the Bank Holding Company Act of 1956, as amended (the “BHCA”) and to regulation by the Board of Governors of the Federal Reserve System (the “Federal Reserve”). Neither the Company nor any of its Subsidiaries or Affiliates owns or controls, directly or indirectly, five percent (5%) or more of the outstanding shares of any class of voting securities or twenty-five percent or more of the total equity of a bank or any entity that is subject to the BHCA and to regulation by the Federal Reserve. Neither the Company nor any of its Subsidiaries or Affiliates exercises a controlling influence over the management or policies of a bank or any entity that is subject to the BHCA and to regulation by the Federal Reserve.

  • The Limited Liability Company The Members have created a limited liability company: The operations of the Company shall be governed by the laws located in the State of Governing Law and in accordance with this Agreement as follows:

  • Corporation A. For any Concessionaire that presents itself or represents itself as a corporation operating or doing business in the State of New Jersey, all papers of incorporation, including authorized agents for receipt of legal documents, shall be provided to Department, along with renewals, changes, or any other documents that in any way affect the current or future status of Concessionaire as a legal corporation. B. Concessionaire shall adopt the required corporate or partnership resolution, as applicable, authorizing the execution of the Agreement by Concessionaire. Concessionaire shall submit a copy of said resolution to Department prior to execution of the Agreement by Department. C. Prior to the Effective Date of the Agreement, Concessionaire shall provide the Department with a completed Ownership Disclosure Form pursuant to N.J.S.A. 52:25-24.2.

  • Bank Holding Company Borrower is not a “bank holding company” or a direct or indirect subsidiary of a “bank holding company” as defined in the Bank Holding Company Act of 1956, as amended, and Regulation Y thereunder of the Board of Governors of the Federal Reserve System.

  • Corporation, etc The Buyer is a corporation (other than a bank, savings and loan association or similar institution), Massachusetts or similar business trust, partnership, or charitable organization described in Section 501(c)(3) of the Internal Revenue Code of 1986, as amended.

  • NCL CORPORATION LTD an exempted company incorporated under the laws of Bermuda with its registered office at Park Xxxxx, 00 Xxx-xx-Xxxxx Xxxx, Xxxxxxxx XX 00, Bermuda (the "Guarantor")

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