Contribution Date; Contribution Deadline Sample Clauses

Contribution Date; Contribution Deadline. The "Contribution Deadline" shall be the date that is forty-five (45) days after the Effective Time or, if such day is not a Business Day, the next Business Day. The "Contribution Date" shall be the date that is three (3) Business Days after the date on which both the Company and Siemens Westinghouse Power Corporation have executed the Combustion Turbine Purchase Contract (or, as the case may be, the date on which the Combustion Turbine Purchase Contract previously executed by Calpine, on the Management Committee's direction, and Siemens Westinghouse Power Corporation is assigned by Calpine to the Company). If the Combustion Turbine Purchase Contract is not executed by the Company (or executed by Calpine and assigned to the Company) on or before the Contribution Deadline, Acadia Holdings, in its sole discretion, may elect, by written notice to Calpine, either to (a) extend the Contribution Deadline for a reasonable time in order for the Combustion Turbine Purchase Contract to be executed by the Company (or executed by Calpine and assigned to the Company, if the Management Committee so directs), not to exceed sixty (60) days after the original Contribution Deadline, or (b) trigger the Windup Events in accordance with Article 15. Failure by Acadia Holdings to provide notice in the foregoing circumstance within five (5) Business Days following the original Contribution Deadline shall be deemed an election to extend the Contribution Deadline until the sixtieth (60th) day after the original Contribution Deadline. If Acadia Holdings elects to extend the Contribution Deadline, but the Combustion Turbine Purchase Contract is not executed by the Company (or executed by Calpine and assigned to the Company) on or before the extended Contribution Deadline, the Windup Events shall be commenced in accordance with Article 15. If the Windup Events are commenced under this Section 3.2.4, then, notwithstanding anything to the contrary in Section 15.2.3, following reasonable advance notice by Acadia Holdings to Calpine, within three (3) Business Days after Acadia Holdings tenders reimbursement to Calpine for all payments made by Calpine to the steam turbine generator vendor to reserve the steam turbine generators for the Project and under the Steam Turbine Purchase Contract, Calpine shall assign to Acadia Holdings the Steam Turbine Purchase Contract (provided the Steam Turbine Purchase Contract was previously entered into by Calpine).
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Related to Contribution Date; Contribution Deadline

  • Contribution Allocation The Advisory Committee will allocate deferral contributions, matching contributions, qualified nonelective contributions and nonelective contributions in accordance with Section 14.06 and the elections under this Adoption Agreement Section 3.04.

  • Initial Contribution The capital contributions to be made by the Member and with which the Company shall begin business are as follows: Member Name Contribution Membership Interest Century Land Holdings, LLC $ 1,000.00 100 %

  • Contribution Payment To the extent the indemnification provided for under any provision of this Agreement is determined (in the manner hereinabove provided) not to be permitted under applicable law, the Company, in lieu of indemnifying Indemnitee, shall, to the extent permitted by law, contribute to the amount of any and all Indemnifiable Liabilities incurred or paid by Indemnitee for which such indemnification is not permitted. The amount the Company contributes shall be in such proportion as is appropriate to reflect the relative fault of Indemnitee, on the one hand, and of the Company and any and all other parties (including officers and directors of the Company other than Indemnitee) who may be at fault (collectively, including the Company, the "Third Parties"), on the other hand.

  • Death Benefit Amount The Death Benefit Amount as of any Business Day prior to the Annuity Date is equal to the greater of:

  • Initial Contributions In connection with the formation of the Partnership under the Delaware Act, the General Partner made an initial Capital Contribution to the Partnership in the amount of $10.10 for an interest in the Partnership and was admitted as the general partner of the Partnership, and the Initial Limited Partner made an initial Capital Contribution to the Partnership in the amount of $989.90 for an interest in the Partnership and was admitted as a limited partner of the Partnership.

  • Return of Contribution Nonrecourse to Other Members Except as provided by law or as expressly provided in this Operating Agreement, upon dissolution, each Member shall look solely to the assets of the Company for the return of its Capital Contribution. If the Company property remaining after the payment or discharge of the debts and liabilities of the Company is insufficient to return the cash contribution of one or more Members, such Member or Members shall have no recourse against any other Member.

  • ALLOCATION OF CONTRIBUTIONS If the application is in good order, the initial Contribution will be applied within two Business Days of receipt at the Retirement Resource Operations Center. During the right to cancel period, all Contributions will be allocated in one or more of the Sub-Account(s) as specified in the application. During the right to cancel period, the Owner may change the allocations to the Sub-Accounts. Subsequent Contributions will be allocated to the Annuity Account in the proportion Requested by the Owner. If there are no accompanying instructions, then allocations will be made in accordance with standing instructions. Allocations will be effective upon the Transaction Date.

  • Return of Contributions The General Partner shall not be personally liable for, and shall have no obligation to contribute or loan any monies or property to the Partnership to enable it to effectuate, the return of the Capital Contributions of the Limited Partners or Unitholders, or any portion thereof, it being expressly understood that any such return shall be made solely from Partnership assets.

  • Catch-Up Contributions Unless otherwise elected in Section 2.4 of this amendment, all employees who are eligible to make elective deferrals under this plan and who have attained age 50 before the close of the plan year shall be eligible to make catch-up contributions in accordance with, and subject to the limitations of, Section 414(v) of the Code. Such catch-up contributions shall not be taken into account for purposes of the provisions of the plan implementing the required limitations of Sections 402(g) and 415 of the Code. The plan shall not be treated as failing to satisfy the provisions of the plan implementing the requirements of Section 401(k)(3), 401(k)(11), 401(k)(12), 410(b), or 416 of the Code, as applicable, by reason of the making of such catch-up contributions.

  • Public Cash Contribution The Parties acknowledge that, in connection with the Offering, public investors, through the Underwriters, shall make a capital contribution to the Partnership of $[ ] million in cash (the “IPO Proceeds”) in exchange for [ ] Common Units (the “Firm Units”) representing an aggregate [ ]% limited partner interest in the Partnership, and new limited partners are being admitted to the Partnership in connection therewith.

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