Contributions to the Company Clause Samples
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Contributions to the Company. SECTION 2.01.
Contributions to the Company. Section 1----- Contributions Section 2----- Application of Contributions Section 3----- Credit of Accumulation Units Section 4----- Suspension of Contributions
Contributions to the Company. Subject to the terms and conditions set forth in the Subscription Agreement, promptly after they have received notice from Telewest of the number of Primary Subscription Shares taken up by Public Telewest Shareholders, (a) the TINTA Member will contribute to the Company cash in the amount required to permit the Company to subscribe for and purchase the Primary Subscription Shares that were not taken up by the Public Telewest Shareholders, to the extent of the TINTA Member's Proportionate Commitment, plus an amount equal to the aggregate Open Offer Price of the TINTA Committed Shares and (b) the MediaOne Members will contribute to the Company cash in the amount required to permit the Company to subscribe for and purchase the Primary Subscription Shares that were not taken up by the Public Telewest Shareholders, to the extent of the MediaOne Members' Proportionate Commitment, and the Secondary Subscription Shares that were not taken up by the Public Telewest Shareholders plus an amount equal to the aggregate Open Offer Price of the U S WEST Committed Shares.
Contributions to the Company. Except as otherwise expressly provided in this Agreement, no Party shall be required to make any contributions to the capital of KAA or subscribe for additional shares of the equity securities of KAA.
Contributions to the Company. Section 6.1 Member’s Initial Capital Contributions. The Member has contributed in immediately available U.S. funds, or in fair market value of property or services rendered, or a promissory note or other binding obligations to contribute cash or property or to perform services, that amount set forth opposite the Member’s name on Exhibit A hereto, for the number of Units set forth opposite the Member’s name thereon.
Contributions to the Company. Section 1 ----- Employer Contributions Section 2 ----- Participant Voluntary Contributions Section 3 ----- Payment of Contributions Section 4 ----- Transferred Contributions Section 5 ----- Application of Contributions Section 6 ----- Credit of Accumulation Units Section 7 ----- Grace Period Section 3 ----- Cessation of Contributions
Contributions to the Company. SECTION 1- EMPLOYER CONTRIBUTIONS. The amount of each Contribution made by a Participating Employer as to each Participant shall be equal to the amount allocated to such Participant under the Trust as reported by the Participating Employer to the Company.
Contributions to the Company. Between January 1, 2011 and the execution of this Agreement, the Company received contributions of cash from holders of Company Interests of not less than $5,000,000 (of which $1,000,000 may be represented by such holders’ promissory notes due and payable on or prior to the Closing Date).
Contributions to the Company. Notwithstanding anything in the Company LLC Agreement or elsewhere to the contrary:
(a) Where ASC, in its capacity as a Member of the Company, is required pursuant to the provisions of the Company LLC Agreement to make an Additional Hedging Capital Contribution or an Additional Mandatory Capital Contribution, ASC shall, subject to Section 8.7(c), be excused from such obligation and Buyer shall instead timely make ASC’s portion of such Additional Hedging Capital Contribution or Additional Mandatory Capital Contribution, as applicable.
(b) Where ASC, in its capacity as a Member of the Company, has the right to make an Additional Voluntary Capital Contribution, Buyer and ASC shall promptly consult with one another following the applicable capital call and ASC shall thereafter advise Buyer as to whether ASC wishes to make its pro rata portion of any such Additional Voluntary Capital Contribution. If ASC elects to make any Additional Voluntary Capital Contribution, then Buyer shall timely make ASC’s portion of such Additional Voluntary Capital Contribution (the aggregate amount of Additional Voluntary Capital Contributions made to the Company by Buyer in lieu of ASC pursuant to this Section 8.7(b) and Additional Hedging Capital Contributions and Additional Mandatory Capital Contributions made by Buyer in lieu of ASC pursuant to Section 8.7(a), the “Reimbursable Contributions”).
(c) Each Reimbursable Contribution made by Buyer on behalf of ASC pursuant to this Section 8.7 shall be treated as a loan by Buyer to ASC, followed by a contribution by ASC to the Company. Such loan shall be recourse to ASC, bear interest at the applicable federal rate in effect on the date such Reimbursable Contribution is made, per annum, and become due and payable by ASC to Buyer in an amount equal to the sum of all Reimbursable Contributions, plus all interest thereon, upon the earlier of (i) the Second Closing and (ii) five (5) Business Days after the termination of this Agreement. Such loan shall be satisfied by wire transfer of immediately available funds.
Contributions to the Company. AND -------------------------------- CAPITAL ACCOUNTS............................................................................8 ----------------
6.01 Initial Capital Contributions; Interests....................................................8 6.02
