Future Capital Investments Sample Clauses

Future Capital Investments. During the ten (10) years immediately following the Closing Date, Purchaser shall cause at least Thirty-Five Million Dollars ($35,000,000) (the “Capital Investment Amount”) of Capital Expenditures to be invested in the Hospital in furtherance of the Hospital’s mission and the health care needs of the communities within the Hospital Service Area (each such Capital Expenditure making up the Capital Investment Amount is a “Capital Investment”). Capital Expenditure shall be defined as any expenditure greater than Five Thousand Dollars ($5,000) which can be capitalized in accordance with Generally Accepted Accounting Principles (“GAAP”). At least fifty percent (50%) of the Capital Investment Amount shall be expended within the five (5) years following the Closing Date. Capital Expenditures shall not include any expense related to improvements required to assure hospital compliance with Structural Performance Category SPC 3, SPC 4 or SPC 5 or Non-structural Performance Categories NPC 3, NPC 4 or NPC 5 (“Seismic Requirements”) as defined by the Office of Statewide Health Planning and Development (“OSHPD”) unless such Seismic Requirements are required by OSHPD to obtain approval for any other Capital Expenditure project requested or submitted by Purchaser. Subject to the above, the amount, use and timeframe of each Capital Investment shall be determined by Purchaser pursuant to its standard capital investment policies and processes.
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Related to Future Capital Investments

  • Members Capital Contributions Each Member shall contribute the amount as pledged, or as determined by the Manager and the Member, as the Member’s Initial Capital Contribution upon not less than 48 hours’ notice by the Manager. An Exhibit A may be amended from time to time by the Manager in its sole discretion to represent the current state of Capital Contributions by Members who may join to this Operating Agreement during the course of the business of the Company. The Manager may instead maintain the Capital Contributions, capital accounts and names of Members using its own office systems and personnel without updating or attaching an Exhibit A to this Operating Agreement.

  • Member Capital Contributions (Check One) ☐ - Single Member LLC: The Member may make such capital contributions (each a “Capital Contribution”) in such amounts and at such times as the Member shall determine. The Member shall not be obligated to make any Capital Contributions. The Member may take distributions of the capital from time to time in accordance with the limitations imposed by the Statutes. ☐ - Multi-Member LLC: Each Member has contributed the following capital amounts to the Company as set forth below and are not obligated to make any additional capital contributions: $ $ $ Members shall have no right to withdraw or reduce their contributions to the capital of the Company until the Company has been terminated unless otherwise set forth herein. Members shall have no right to demand and receive any distribution from the Company in any form other than cash and members shall not be entitled to interest on their capital contributions to the Company. The liability of any Member for the losses, debts, liabilities and obligations of the Company shall be limited to the amount of the capital contribution of each Member plus any distributions paid to such Member, such Member’s share of any undistributed assets of the Company; and (only to the extent as might be required by applicable law) any amounts previously distributed to such Member by the Company.

  • Initial Capital Contributions (a) The Partners have made, on or prior to the date hereof, Capital Contributions and, in exchange, the Partnership has issued to the Partners the number of Class A Units as specified in the books and records of the Partnership.

  • Initial Capital Contribution The initial Capital Contribution of the Original Member as of the date of this Agreement will be $ .

  • Member's Capital Accounts A Capital Account for the Member shall be maintained by the Company. The Member's Capital Account shall reflect the Member’s capital contributions and increases for any net income or gain of the Company. The Member’s Capital Account shall also reflect decreases for distributions made to the Member and the Member’s share of any losses and deductions of the Company.

  • Collective Investment Vehicle An Investment Entity established in Finland that is regulated as a collective investment vehicle, provided that all of the interests in the collective investment vehicle (including debt interests in excess of $50,000) are held by or through one or more exempt beneficial owners, Active NFFEs described in subparagraph B(4) of section VI of Annex I, U.S. Persons that are not Specified U.S. Persons, or Financial Institutions that are not Nonparticipating Financial Institutions.

  • Negative Capital Accounts No Member shall be required to pay to any other Member or the Company any deficit or negative balance which may exist from time to time in such Member’s Capital Account (including upon and after dissolution of the Company).

  • Additional Capital Contributions No Member shall be required to make additional capital contributions. A Member may make additional capital contributions to the Company.

  • Sponsored, Closely Held Investment Vehicle An Estonian Financial Institution satisfying the following requirements:

  • Capital 1. Capital represented by immovable property referred to in Article 6, owned by a resident of a Contracting State and situated in the other Contracting State, may be taxed in that other State.

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