Contribution Notice. The term “
Contribution Notice a contribution notice issued by the Pensions Regulator in the UK under section 38 or section 47 of the Pensions Xxx 0000 (UK).
Contribution Notice. The Operator must immediately, after an amount has become a Default Amount in respect of a Defaulting Participant by notice to the Non-defaulting Participant, require payment by it of the Default Amount (“Contribution Notice”) and, within ten (10) Business Days of receipt of a Contribution Notice, the Non-defaulting Participant may elect to pay to the Operator the Default Amount. If a Contribution Notice is given, the Non-defaulting Participant may, despite Section 8.8(b), convene a meeting of the Management Committee on two (2) Business Days’ notice to consider the giving of directions to the Operator to reduce or defer the Joint Venture Activities proposed to be carried out in the next quarter. At that meeting of the Management Committee, the members of the Management Committee appointed by the Defaulting Participant will not be entitled to vote on any question concerning the reduction or deferral of Joint Venture Activities. If the Operator is directed to reduce or defer Joint Venture Activities, it must immediately re-issue the last issued Cash Call Notice and the Contribution Notice taking due account of the effect of the reduction or deferral and the Default Amount will be reduced to an amount equal to the Defaulting Participant’s required contribution on the basis of the re-issued Cash Call Notice.
Contribution Notice. 4.2 CEO............................................................2.3 CFO............................................................2.3 Director.......................................................
Contribution Notice. When the Managing Member desires to have UPK contribute Properties to the Company or to grant Surface Rights, the Managing Member shall:
(a) Give UPK written notice ("Contribution Notice") of the Properties to be contributed or the Surface Rights required, together with a specific identification by legal description of the real property which is the subject of such notice unless the required easement is temporary or is not subject to precise definition because a blanket easement, surface right or Deed Restriction is required or the precise location cannot be determined until a later time in which case a general description of the desired area shall be included, and the nature of any remediation under the Mine Hazard Protocol or the Environmental Protocol, and the date or approximate time a contribution is required as set forth in subsection (b) below.
(b) Give UPK 30 days written notice of a required contribution with respect to Properties to be contributed upon which no Mine Site or Facilities or Mine Waste remediation is required. With respect to Properties to be contributed where remediation is required under the Environmental Protocol, UPK shall endeavor to enter into a contract which will require the independent contractor to commence and to diligently proceed to complete the remediation promptly in accordance with the time frames set forth in the written notice of contribution or under the Business Plan and require the Protocol Manager to certify to UPK, DMB and the Company that the remediation has been completed in accordance with the Environmental Protocol ("Protocol Certification"). UPK does not guarantee any remediation times but UPK will exercise reasonable diligence to supervise the independent contractor and shall contractually require that such remediation shall be accomplished within such time frames after notification to the contractor unless the contractor can demonstrate that a longer time is required because of force majeure or other factors beyond his control ("Remediation Time"). The Properties to be contributed by UPK shall be contributed within ten day after receipt of the Protocol Certification by UPK, DMB and the Company.
(c) Not less than 15 days prior to the required date of conveyance or transfer, the Company shall furnish the exact form of instrument of conveyance, assignment, easement, surface rights, dedication or Deed Restriction required by the Managing Member and subject to the reasonable right of UPK to reasonably object ...
Contribution Notice. The Operator must immediately, after an amount has become a Default Amount in respect of a Defaulting Participant by notice to the Non-defaulting Participant, request payment by it of the Default Amount (“Contribution Notice”) and, within 40 Business Days of receipt of a Contribution Notice, the Non-defaulting Participant may pay to the Operator the Default Amount or where there is more than one Non-defaulting Participant, a pro-rata proportion (determined in proportion to the respective Participating Interests of the Non-defaulting Participants) of the Default Amount. If a Contribution Notice is given, whether or not any Non-defaulting Participant has paid to the Operator its pro-rata amount of the Default Amount, any Non-defaulting Participant may, despite clause 10.15, convene a meeting of the Management Committee on five Business Days notice to consider the giving of directions to the Operator to reduce or defer the Joint Venture Activities proposed to be carried out in the next calendar month, taking into account the fact that the Default Amount is not available. At that meeting of the Management Committee, the members of the Management Committee appointed by the Defaulting Participant despite clause 10.13 will not be entitled to vote on any question concerning the reduction or deferral of Joint Venture Activities. If such reduced or deferred Joint Venture Activities are approved by the Management Committee, then the funding thereof shall be solely by the Non-defaulting Participants and such activities and funding shall not in any manner affect the status of the Defaulting Participant or of the Default Amount.
