Deemed Contribution. The Parties acknowledge and agree that the conveyance of the City Land by the City to the SBH Grantees constitutes a contribution that will assist SBH, SBH REG and their Affiliates in financing the development of the Arena and redeveloping the Downtown Plaza.
Deemed Contribution. I.1.1 Pursuant to the vesting of restricted stock units during the period from the Amendment 8 Date up to the Amendment 9 Date, FINV has issued an additional 1,637,302 shares of common stock in its capital, each with a nominal value of one eurocent (EUR 0.01), for the benefit of employees, officers and other service providers of its group. Under article 4.5.b of the partnership agreement governing the C.V., as contained in Amendment Agreement No. 8, for purposes of determining Percentage Interests and for purposes of maintaining the capital accounts, (i) the C.V. shall be treated as having made a cash payment to the employee or other service provider in an amount equal to the value of the FINV Common Shares issued, (ii) the employee or other service provider shall be treated as having purchased the FINV Common Shares for cash equal to the value of such FINV Common Shares from FINV, and (iii) FINV shall be treated as contributing such cash (through FILP and FIM) to the C.V. The Parties have furthermore agreed that the above referenced contribution by FINV to the C.V. shall be deemed to be a contribution by FINV to FILP, upon which
Deemed Contribution. The parties hereto hereby acknowledge that the Collections received on the Great Seneca Receivables listed on Schedule I hereto from October 11, 2007 to March 31, 2010 shall be deemed to be a contribution of capital from Palisades Acquisition XV, LLC to the Borrower and that the Lender shall have no obligation to return such Collections to the Borrower or any other Person.
