Deemed Contribution Sample Clauses

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.
Sample 1
AutoNDA by SimpleDocs
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.
Sample 1
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 (i) FILP makes a partial contribution to FIM, followed by a contribution of the same portion by FIM to the C.V, such that FIM's Percentage Interest will remain 0.1%; and (ii) FILP makes a direct contribution to the C.V. of the remainder. 1.2 As a consequence of the above, the interest percentages in the C.V. are as follows: FIM: 0.10% FILP: 74.71% (approximately) MH: 25.19% (approximately).
Sample 1

Related to Deemed Contribution

  • The Contribution Prior to the Effective Time, and subject to the terms and conditions set forth in the Distribution Agreement, Grace intends to cause the transfer to a wholly owned subsidiary of Grace-Conn. ("Packco") of certain assets and liabilities of Grace and its subsidiaries predominantly related to the Packaging Business (the "Contribution"), as contemplated by the Distribution Agreement and the Other Agreements.

  • Catch-Up Contributions In the case of a Traditional IRA Owner who is age 50 or older by the close of the taxable year, the annual cash contribution limit is increased by $1,000 for any taxable year beginning in 2006 and years thereafter.

  • Initial Contribution The member agrees to make an initial contribution to the Company of $____________.

  • Employer Contribution (a) An Employer contribution for health and dental benefits will only be made for each active employee who has at least eighty (80) paid regular hours in a month and who is eligible for medical insurance coverage, unless otherwise required by law. (b) It is understood that the administrative intent of this Article is that the Employer contribution is made for individuals who are participants in the medical insurance coverages. Participation will mean that eligible less-than-full-time employees who drop out of coverage will be considered to participate. Additionally, employees who elect to opt out of coverage for a cash incentive will be considered to participate.

  • 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.

  • Contribution Allocation The Advisory Committee will allocate deferral contributions, matching contributions, qualified nonelective contributions and nonelective contributions in accordance with Section 14.06 and the elections under this Adoption Agreement Section 3.04. PART I. [OPTIONS (a) THROUGH (d)].

  • 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.

  • 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.

  • Matching Contributions The Employer will make matching contributions in accordance with the formula(s) elected in Part II of this Adoption Agreement Section 3.01.

  • Company Contributions The Company shall continue to make a Company Contribution for Plan Years 2017, 2018 and 2019, on the same terms and conditions set forth in the Participant Agreement, with the performance metrics and targets in connection with such Company Contributions for such Plan Years to be established in the sole discretion of the Committee, following consultation with the Chief Executive Officer of the Company.

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!