CONTRIBUTION PROVISIONS. 4.1 Over the term of this Community Works Fund Agreement, UBCM will pay the Local Government its annual allocation within 30 days of receipt of such funds from Canada.
4.2 Payments under section 4.1 are subject to UBCM receiving sufficient CCBF funds from Canada, and Local Government compliance with this Community Works Fund Agreement and any other Funding Agreement under the Prior Agreement.
4.3 Annual allocation is based on a formula set out in section 1.1 of Annex B of the Agreement. In the first year of this Community Works Fund Agreement, the Local Government will receive $775,365, in two equal instalments which, subject to section 4.2, are expected to be delivered in the month following July 15 and between November 15, 2024 and March 31, 2025.
4.4 Annual allocation to the Local Government for all subsequent years under this Community Works Fund Agreement continue to be based on the funding formula set out in the Agreement, but are subject to change by UBCM from the amount set out in section 1.1 of Annex B of the Agreement due to such circumstances as local government boundary changes and new Local Government incorporations, changes in Census populations and changes in amounts that may be received by UBCM from Canada.
4.5 Timing of payments in subsequent years under this Community Works Fund Agreement to the Local Government by UBCM are subject to change due to any changes in timing of payments to UBCM by Canada.
CONTRIBUTION PROVISIONS. 1. The Employer shall contribute as follows: (Choose all that apply, but at least one of Options A or B. If Option A is not selected, Employer must pick up Mandatory Participant Contributions under Option B.)
CONTRIBUTION PROVISIONS. (a) As a result of the transactions contemplated by this Agreement, each Borrower will benefit, directly and indirectly, from each Borrower’s obligation to pay the Indebtedness and perform the Obligations and in consideration therefore each Borrower agrees among themselves as set forth in this Section 5.38 to allocate such benefits among themselves and to provide a fair and equitable agreement to make contributions among each of Borrowers in the event any payment is made by any individual Borrower hereunder to Agent (such payment being referred to herein as a “Contribution,” and for purposes of this Section 5.38, includes any exercise of recourse by Agent against any Collateral of a Borrower and application of proceeds of such Collateral in satisfaction of such Borrower’s obligations, to Agent under the Loan Documents).
(b) Each Borrower shall be liable hereunder with respect to the Obligations only for such total maximum amount (if any) that would not render its Obligations hereunder or under any of the Loan Documents subject to avoidance under Section 548 of the Bankruptcy Code or any comparable provisions of any state law.
(c) In order to provide for a fair and equitable contribution among Borrowers in the event that any Contribution is made by an individual Borrower (a “Funding Borrower”), such Funding Borrower shall be entitled to a reimbursement Contribution (“Reimbursement Contribution”) from all other Borrowers for all payments, damages and expenses incurred by that Funding Borrower in discharging any of the Obligations, in the manner and to the extent set forth in this Section 5.38. The financial statements provided by Borrowers shall not be required to track this allocation.
(d) For purposes hereof, the “Benefit Amount” of any individual Borrower as of any date of determination shall be the net value of the benefits to such Borrower and the other Borrowers from extensions of credit made by Lender to (i) such Borrower and (ii) the other Borrowers hereunder and the Loan Documents to the extent such other Borrowers have mortgaged their property to secure the Obligations of such Borrower to Lender.
(e) Each Borrower shall be liable to a Funding Borrower in an amount equal to the greater of (i) the ratio of (A) the Benefit Amount of such Borrower to the total amount of Obligations, multiplied by (B) the amount of Obligations paid by such Funding Borrower, or
CONTRIBUTION PROVISIONS. Seller shall not enter into any additional warehouse lines of credit, purchase facilities, repurchase facilities, off-balance sheet funding facilities (whether committed or uncommitted) or any similar contractual arrangement unless (A) Seller has given Buyer at least ten (10) Business Days prior written notice to Buyer and (B) if Seller is jointly and severally liable with any other Person, such contractual arrangement contains contribution rights to the same extent as exist herein under Paragraph 30(d) and related provisions.
CONTRIBUTION PROVISIONS. 1. The Employer shall contribute as follows (Choose all that apply):
CONTRIBUTION PROVISIONS. 10 2.1 Partnership Merger Contributors...................................... 10 2.2 Stock Contributors; Partnership Merger............................... 10 2.3
CONTRIBUTION PROVISIONS. 8 2.1 [Intentionally Omitted]................................................................8 2.2 [Intentionally Omitted]................................................................8 2.3
CONTRIBUTION PROVISIONS. CONTRIBUTIONS -- During each contract year, the Contract Owner will remit to the Company all contributions to be made on behalf of the Participant. Net contributions will be applied by the Company to the Fixed Account and/or the Separate Account(s) for accumulation units in the Separate Account(s) on behalf of a Participant in accordance with the valuation provisions and the instructions of the Contract Owner or, with the consent of the Contract Owner, the instructions of the Participant. The minimum contribution which may be made at any time on behalf of any Participant is $30, except where the Plan requires a lesser amount which in any event may not be less than $10.
CONTRIBUTION PROVISIONS. The Contribution is shown on the Contract Schedule. This is a single Contribution Contract. The Company reserves the right to reject any Application or Contribution.
CONTRIBUTION PROVISIONS. Upon the terms and subject to the conditions of this Agreement, the events set forth in this Article 2 shall be effected as of the IPO Closing Date. The --------- contribution of the Properties and the Cabot Partner Assets to the Partnership pursuant to this Article 2 shall constitute "Capital Contributions" pursuant to --------- Section
4.1 of the Partnership Agreement and are intended to be governed by ----------- Section 721 of the Code.
