Contributions to XM 1500 and XM Investment Sample Clauses

Contributions to XM 1500 and XM Investment. Holdings (as sole owner of XM 1500 and XM Investment) shall not, and shall not permit any of its Affiliates to, contribute or otherwise transfer any material amount of cash, cash equivalents, securities or other property or assets to XM 1500 or XM Investment other than (i) amounts Holdings reasonably believes are necessary to serve as cash collateral under Alternative 3 of Schedule V hereto, not to exceed the limits specified in such Alternative 3 of Schedule V hereto, (ii) amounts Holdings believes, in its reasonable discretion, are necessary for the payment of expenses in connection with taxes, insurance, modifications, alterations, repairs or similar items relating to the real property owned by XM 1500 or XM Investment or (iii) payments of rent under the XM 1500 Lease and the XM Investment Lease; provided that, the amount of rent payable under the XM 1500 Lease and the XM Investment Lease shall not be increased at any time while the Lien of the Indenture remains in effect other than on an arms’-length basis. For the avoidance of doubt, contribution of funds on or prior to the Closing Date to enable such entity to discharge mortgages and other contributions of funds to satisfy such Alternative 3 shall not be a violation of this provision.
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Related to Contributions to XM 1500 and XM Investment

  • Contributions to Capital (a) The minimum initial contribution of each Member to the capital of the Company shall be $75,000, subject to the discretion of the Manager to accept initial investments in lesser amounts. The amount of the initial contribution of each Member shall be recorded on the books and records of the Company upon acceptance as a contribution to the capital of the Company. The Directors shall not be entitled to make voluntary contributions of capital to the Company as Directors of the Company, but may make voluntary contributions to the capital of the Company as Members.

  • Capital Contributions Distributions 10 SECTION 5.1

  • ALLOCATION OF CONTRIBUTIONS If the application is in good order, the initial Contribution will be applied within two Business Days of receipt at the Retirement Resource Operations Center. During the right to cancel period, all Contributions will be allocated in one or more of the Sub-Account(s) as specified in the application. During the right to cancel period, the Owner may change the allocations to the Sub-Accounts. Subsequent Contributions will be allocated to the Annuity Account in the proportion Requested by the Owner. If there are no accompanying instructions, then allocations will be made in accordance with standing instructions. Allocations will be effective upon the Transaction Date.

  • Limitations Pertaining to Capital Contributions 5.2.1: Except as otherwise specifically provided in this Agreement, or as otherwise provided by law, no Member shall have the right to withdraw from the Company or to demand or receive a return of his capital without the consent of the Manager. Upon return of any Capital Contributions, no Member shall have the right to receive property other than cash except as may be specifically provided herein.

  • Capital Contributions Capital Accounts The capital contribution of the Sole Member is set forth on Annex A attached hereto. Except as required by applicable law, the Sole Member shall not at any time be required to make additional contributions of capital to the Company. The capital accounts of the members shall be adjusted for distributions and allocations made in accordance with Section 8.

  • Distributions to Members To the extent available after meeting the financial obligations of the Company, and after providing any necessary reserves as determined by the Manager, the Company shall distribute cash and other assets to the Member in a manner determined by the Manager, at such times and on such terms and conditions as deemed appropriate by the Manager.

  • Charitable Contributions Make any charitable or similar contributions, except in amounts not to exceed five thousand dollars ($5,000) individually, and twenty thousand dollars ($20,000) in the aggregate.

  • Return of Contributions The General Partner shall not be personally liable for, and shall have no obligation to contribute or loan any monies or property to the Partnership to enable it to effectuate, the return of the Capital Contributions of the Limited Partners or Unitholders, or any portion thereof, it being expressly understood that any such return shall be made solely from Partnership assets.

  • Distributions; Investments Directly or indirectly acquire or own any Person, or make any Investment in any Person, other than Permitted Investments, or permit any of its Subsidiaries to do so. Pay any dividends or make any distribution or payment or redeem, retire or purchase any capital stock.

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