Contribution to Capital. If, after receiving the Parent's Shares, the Purchaser would own at least 90% of the outstanding Shares, then, prior to the Effective Time, the Parent shall contribute all of the Shares owned by it to the capital of the Purchaser.
Contribution to Capital. Upon effectiveness of the Registration Statement, Brooktrout shall contribute to the capital of Interspeed, and Interspeed shall accept as a contribution to its capital, the full amount of the Brooktrout Advances made up to the date of such effectiveness.
Contribution to Capital. Each of the Organizers shall contribute $20,000 to the Venture at the time such Organizer executes this Agreement. The Organizers contemplate that these funds will be invested in an escrow account with The Bankers Bank which will be used to secure a line of credit issued by The Bankers Bank or other financial provider, to the Venture.
Contribution to Capital. On or prior to the Separation Date, Adaptec will transfer to Roxio the amount of Ten Million Dollars ($10,000,000) in the form of additional paid-in capital.
Contribution to Capital. On or prior to the Effective Date, NRC shall transfer and deliver to Subsidiary, as a contribution to its capital, such number of shares of NRC Common Stock and such amount of cash or other immediately funds as shall be necessary to carry out the provisions of this Section 5.
Contribution to Capital. Each of the Organizers shall contribute an amount equal to 10% of their anticipated stock purchase in the Bank or the holding company at the time such Organizer executes this Agreement. The respective share ("Share") of each Organizer for purposes of this Agreement is based on the pro-rata portion of their required contribution. The Organizers contemplate that these funds will be invested in an account to be used for organizational expenses to the extent necessary. The Organizers also contemplate that the Venture or the holding company will obtain a line of credit from Nexity Bank or another financial institution (the "Lender"), which line of credit will be or has been guaranteed by each of the Organizers and which may be secured by the organizational bank account. The Organizers contemplate that the line of credit will be used for all organizational expenses and will be repaid by the Bank once it opens, but the Organizers acknowledge that they will be responsible for the organizational expenses to the extent they are not covered by the line of credit.
Contribution to Capital. On the Closing Date, and immediately following consummation of the Merger and its acquisition of Northstar or Allied Provident pursuant to the applicable Additional Acquisition Agreement, ASSAC shall contribute all, and not less than all, of the Limited Partnership Interests of the Surviving Entity owned of record by ASSAC as a result of the Merger to the capital of either or both of the following Persons, as determined by ASSAC in the exercise of its sole discretion: (a) Northstar Re Bermuda and/or Northstar Re Ireland (both Subsidiaries of Northstar), or (b) Allied Provident, all as shall be determined by ASSAC.
Contribution to Capital. (1) Each Limited Partner shall, on or before the Capital Commitment Contribution Date, contribute to the Partnership its respective Called Capital Contribution. All Called Capital Contributions must be satisfied in cash. A Limited Partner’s contribution may be made by bank draft or certified cheque made payable to the Partnership or by electronic wire transfer of immediately available funds to the bank account of the Partnership.
(2) In connection with any Capital Call, the Manager is authorized to apply cash that would otherwise be distributed (including redemption proceeds) to a Limited Partner in satisfaction of such Limited Partner’s obligation to make a Called Capital Contribution to the extent thereof. The amount applied shall be deemed distributed to the Limited Partner by the Partnership and then contributed by the Limited Partner to the Partnership in satisfaction of such Limited Partner’s obligation to contribute capital.
(3) Xxxx received for Capital Calls, Called Capital Contributions, monies held by the Partnership in Reserve or otherwise on hand may be invested, in the sole discretion of the General Partner, in Temporary Investments pending investment in one or more Underlying Funds or other uses in connection with the business of the Partnership.
(4) No interest shall accrue on any Capital Contributions made by a Partner.
Contribution to Capital. On the Distribution Date, Odetics shall ----------------------- cancel a portion of the debt owed by Iteris to Odetics as of such date and such amount shall be treated as a contribution to the capital of Iteris. The amount of debt to be cancelled shall be determined by the mutual agreement of the parties hereto on or prior to the Distribution Date.
Contribution to Capital. Netivation shall pay InterLink Fifty Thousand Dollars ($50,000) cash upon the execution of this Agreement, the receipt of which is hereby acknowledged.
