Common use of Funding Methodology Clause in Contracts

Funding Methodology. Each Member required under Sections 3.2.2 or 5.13.34, any Annual Business Plan or Rolling Business Plan (in each case as approved by the Board upon Majority Consent, other than with regard to the Initial Annual Business Plan and the Initial Rolling Business Plan, in each case as of the Effective Date), or otherwise by the Board upon Majority Consent to make a contribution of cash to the capital of the Company or to loan funds to the Company, as applicable, shall transfer to the Company’s account an amount in cash (by wire transfer of immediately available funds) equal to the Percentage Interest of such Member (or such other amount determined by Majority Consent of the Board expressed as a percentage), multiplied by the aggregate amount required to be contributed or loaned, as applicable, to the Company on the date specified in the applicable Annual Business Plan, the Rolling Business Plan, or otherwise by the Board upon Majority Consent.

Appears in 4 contracts

Samples: Joint Venture (Navistar International Corp), Truck Business Relationship Agreement (Navistar International Corp), Operating Agreement (Caterpillar Inc)

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