Financing of the Company. 3.1 The Company shall generally finance itself with the means acquired from its activities. The Company shall maintain a trustworthy solvency level. The Company shall usually not take liabilities in the amount exceeding the reasonable needs for the activities of the Company.
Financing of the Company. LOL expects to have contributed 38.75% of the capital of the Company, consisting of cash and the beneficial use of the LOL Contributed Assets referred to in Section 1.4. Farmland, CHS, and United LLC expect to have together directly or indirectly contributed 61.25% of the capital of the Company, consisting of cash and the beneficial use of United LLC Contributed Assets referred to in Section 1.5, subject to the provisions of the LLC Agreement. The Parties shall arrange for financing of the joint venture pursuant to the terms of the LLC Agreement, it being the intent of the Parties to obtain non-recourse as to the Members financing for the Company, as soon as practical and in any event not later than April 30, 2000.
Financing of the Company. 2.1 The Company has, at the date of this Agreement, an authorised share capital of INR 15,00,00,000 consisting of 80,00,000 equity shares of par value INR 10 each and 70,00,000 15% redeemable preference shares of par value INR 10 each. As of date 4287500 Equity Shares have been issued and are held by the persons in the number as set out in Schedule 2 A and 5,000,000 convertible preference shares have been issued.
Financing of the Company. 4.1 The initial funding of the Company shall be as follows: [ * ]
Financing of the Company. (a) (i) Each of the Shareholders hereby agrees to an initial capital commitment of Euros 100 million (the "INITIAL COMMITMENT") during the first twenty four (24) months of the Company (which Initial Commitments shall, for the avoidance of doubt, include the amount initially subscribed by each Shareholder pursuant to Clause 3.1(g) above), i.e. a total aggregate Initial Commitment by both Shareholders of Euros 200 million, the balance to be paid in by the Shareholders to the Company, as and when decided by the Board, in proportion to each Shareholder's respective holdings of Company share capital at the time, provided that any expenditure of the Initial Commitment shall be subject to Board approval of the Initial Budget and Plan in accordance with Clause 3.2(a)(ii) below. In the event that the Board is unable to agree on calling any part of the Initial Commitments during the first twenty four (24) months of the Company, either Shareholder may, at the expiration of the aforementioned time frame, by written notice to the other Shareholder, require an additional capital contribution by the Shareholders of up to the aggregate amount of uncalled Initial Commitments, in proportion to their respective holdings of Company shares at the time.
Financing of the Company. (a) Pursuant to Section 3.01(a) above, each of P&O Princess and Royal Caribbean has agreed to contribute $500,000,000 to the capital of the Company (the "INITIAL SHAREHOLDER CAPITAL") in the form of partly paid Class A Shares and Class B Shares, respectively. The parties acknowledge that, unless otherwise agreed between the Shareholders, neither Shareholder shall be required to make equity contributions to the Company in excess of $500,000,000 in the aggregate (it being understood that any payments in cash by a Shareholder to pay on its partly paid Shares are counted against such $500,000,000 amount).
Financing of the Company. (a) The Company shall be managed from the date hereof in accordance with the Annual Operating Budget of the Business attached hereto as Schedule 3.1(a).
Financing of the Company. 11.1 The Parties shall procure that any financing which may be required by the Company shall be provided in the following order of priority:
Financing of the Company. 3.1 List of all short term and long term debt (including leases, guarantees and other contingent obligations).
Financing of the Company. 3.1 The Company shall be financed initially by the proceeds of the share subscription, and thereafter any additional finance required for the Company shall be provided in such manner and in such amounts as the Parties may agree from time to time.
