Contributions to Fund a Distribution Shortfall Sample Clauses

Contributions to Fund a Distribution Shortfall. (i) With respect to any Fiscal Period in respect of which one Partner has a Net Cash Flow Distribution Shortfall, provided that the other Partner has a Net Cash Flow Distribution Excess at such time, the Partner with the Net Cash Flow Distribution Excess shall be required to contribute cash to the Partnership in an amount equal to the lesser of (A) the amount of the Net Cash Flow Distribution Shortfall with respect to the other Partner, or (B) the amount of such Partner’s Net Cash Flow Distribution Excess, determined in each case without taking into account the amount required to be contributed pursuant to this Section 4.3(e)(i). Notwithstanding the foregoing, in the event of a Net Cash Flow Distribution Shortfall with respect to Intrawest in any Fiscal Period in which any interest is accrued but unpaid with respect to the Intrawest First Tier Mezzanine Debt or the Intrawest Second Tier Mezzanine Debt, and further provided that both a Net Cash Flow Distribution Excess exists at such time with respect to CNL and all interest accrued with respect to the CNL First Tier Mezzanine Debt and the CNL Second Tier Mezzanine Debt for the current and all prior Fiscal Periods has been paid, then in lieu of making all or a portion of the contribution required to be made by CNL pursuant to this Section 4.3(e)(i), CNL may fund or arrange the funding of such amount as (I) CNL Subordinated Junior Mezzanine Debt or (II) a contribution by one or more of the CNL Beneficiaries to the CNL VILLAGE RETAIL PARTNERSHIP, LP 36 Trust, and the amount of any such loan or contribution shall be deemed contributed to the Partnership for purposes of thereafter determining if CNL has a Net Cash Flow Distribution Excess. Any amount actually contributed to the Partnership pursuant to the provisions of this Section 4.3(e)(i) shall thereafter be treated as Net Cash Flow available for distribution pursuant to Section 5.1(a) with respect to such Fiscal Period. (ii) With respect to any Fiscal Period in which one Partner has a Net Capital Proceeds Distribution Shortfall, provided that the other Partner has a Net Capital Proceeds Distribution Excess at such time, the Partner with the Net Capital Proceeds Distribution Excess shall be required to contribute cash to the Partnership in an amount equal to the lesser of (A) the amount of the Net Capital Proceeds Distribution Shortfall with respect to the other Partner, or (B) the amount of such Partner’s Net Capital Proceeds Distribution Excess, determined...
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Related to Contributions to Fund a Distribution Shortfall

  • Contribution Amounts The Sellers and the Underwriters agree that it would not be just or equitable if contribution pursuant to this Section 8 were determined by pro rata allocation (even if the Underwriters were treated as one entity for such purpose) or by any other method of allocation that does not take account of the equitable considerations referred to in Section 8.7. The amount paid or payable by an indemnified party as a result of the losses, claims, damages and liabilities referred to in the immediately preceding paragraph shall be deemed to include, subject to the limitations set forth above, any legal or other expenses reasonably incurred by such indemnified party in connection with investigating or defending any such action or claim. Notwithstanding the provisions of this Section 8, no Underwriter shall be required to contribute any amount in excess of the amount by which the total price at which the Shares underwritten by it and distributed to the public were offered to the public exceeds the amount of any damages that such Underwriter has otherwise been required to pay by reason of such untrue or alleged untrue statement or omission or alleged omission. No person guilty of fraudulent misrepresentation (within the meaning of Section 11(f) of the Securities Act) shall be entitled to contribution from any person who was not guilty of such fraudulent misrepresentation. The remedies provided for in this Section 8 are not exclusive and shall not limit any rights or remedies which may otherwise be available to any indemnified party at law or in equity.

  • Pro Rata Distributions During such time as this Warrant is outstanding, if the Company shall declare or make any dividend or other distribution of its assets (or rights to acquire its assets) to holders of shares of Common Stock, by way of return of capital or otherwise (including, without limitation, any distribution of cash, stock or other securities, property or options by way of a dividend, spin off, reclassification, corporate rearrangement, scheme of arrangement or other similar transaction) (a “Distribution”), at any time after the issuance of this Warrant, then, in each such case, the Holder shall be entitled to participate in such Distribution to the same extent that the Holder would have participated therein if the Holder had held the number of shares of Common Stock acquirable upon complete exercise of this Warrant (without regard to any limitations on exercise hereof, including without limitation, the Beneficial Ownership Limitation) immediately before the date of which a record is taken for such Distribution, or, if no such record is taken, the date as of which the record holders of shares of Common Stock are to be determined for the participation in such Distribution (provided, however, that, to the extent that the Holder’s right to participate in any such Distribution would result in the Holder exceeding the Beneficial Ownership Limitation, then the Holder shall not be entitled to participate in such Distribution to such extent (or in the beneficial ownership of any shares of Common Stock as a result of such Distribution to such extent) and the portion of such Distribution shall be held in abeyance for the benefit of the Holder until such time, if ever, as its right thereto would not result in the Holder exceeding the Beneficial Ownership Limitation).

  • Allocation of Contributions You may place your contributions in one fund or in any combination of funds, although your employer may place restrictions on investment in certain funds.

  • 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.

  • Final Distributions Upon the winding up of the LLC, the assets must be distributed as follows: (a) to the LLC creditors; (b) to Members in satisfaction of liabilities for distributions; and (c) to Members first for the return of their contributions and secondly respecting their LLC interest, in the proportions in which the Members share in profits and losses.

  • Distributions Payable in Cash; Redemption Payments In the event that the Board of the Investment Company shall declare a distribution payable in cash, the Investment Company shall deliver to FTIS written notice of such declaration signed on behalf of the Investment Company by an officer thereof, upon which FTIS shall be entitled to rely for all purposes, certifying (i) the amount per share to be distributed, (ii) the record and payment dates for the distribution, and (iii) that all appropriate action has been taken to effect such distribution. Once the amount and validity of any dividend or redemption payments to shareholders have been determined, the Investment Company shall transfer the payment amounts from the Investment Company's accounts to an account or accounts held in the name of FTIS, as paying agent for the shareholders, in accordance with any applicable laws or regulations, and FTIS shall promptly cause payments to be made to the shareholders.

  • Payment of Contributions The College and eligible academic staff members of the plan shall each contribute one-half of the contributions to the Academic and Administrative Pension Plan.

  • Capital Contributions Distributions 17 TABLE OF CONTENTS (continued)

  • Residual Distributions If the Liquidation Preference has been paid in full to all holders of Designated Preferred Stock and the corresponding amounts payable with respect of any other stock of the Issuer ranking equally with Designated Preferred Stock as to such distribution has been paid in full, the holders of other stock of the Issuer shall be entitled to receive all remaining assets of the Issuer (or proceeds thereof) according to their respective rights and preferences.

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