Guaranty Contribution Sample Clauses

Guaranty Contribution. (a) In the event that in connection with the business of the Company or any Subsidiary the Company or any Subsidiary shall borrow funds or enter into any transactions as provided in the Approved Business Plan (including, without limitation, a lease, contract or other instrument) FCRE OP or its owner FCRE shall provide any required guaranty obligations of the Company and/or the Subsidiaries (the “Loan Guaranties”). The Manager shall provide any required “bad boy guaranty” required in such loan transaction (“Manager Guaranty” and collectively with Loan Guaranties, “Guaranties”). In order to induce the Guarantor(s) to execute and deliver any such Loan Guarantees or Manager Guaranty, the Company, and each of the Members who are not Guarantors, hereby unconditionally agree to indemnify and hold the Guarantor(s) harmless from any claim, expense, liability or loss, including reasonable attorney’s fees incurred in connection with each of the Guarantors’ Guaranties (collectively, a “Claim”) asserted against any such Guarantor(s) in connection with any such Guaranties. (b) In the event of any Claim, the Company, and each Member who is not a Guarantor do hereby unconditionally agree to immediately, upon demand of any Guarantor, to pay such Claim pro-rata in accordance with such Person’s Affiliated Members’ Percentage Interests (i) if not yet paid by the Guarantor making said demand, to the person to whom same would otherwise be paid, or is payable to, by Guarantor at the same time as Guarantor’s payment; or (ii) if said claim, or any portion thereof, had already been paid by the Guarantor(s) or collected from said Guarantor(s), to reimburse the Guarantor(s) proportionately for the amount of said Claim already paid or collected. In the event any Member or Manager (including a Guarantor) has paid any Claim, or any portion thereof (whether as the Guarantor or as provided in this Section 9.9), then, immediately upon demand by such person, the Company hereby agrees to reimburse such person for the amount of any such payment. (c) In the event that any Member shall have paid (as Guarantor or as provided in this Section 9.9) any Claim or have any Claim collected from such person, then until reimbursed by the Company or the Members as provided in this Section 9.9, such Claim shall accrue interest at the lower of (i) 24% per annum; or (ii) the maximum legal interest rate, until paid in full on the outstanding unpaid balance thereof, and the amount which the Company or the othe...
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Related to Guaranty Contribution

  • City Contribution The City agrees to maintain health and dental benefits at present levels for the life of the Agreement.

  • Equity Contribution Prior to or substantially concurrently with the initial funding of the Loans hereunder, the Equity Contribution shall be consummated.

  • Equity Contributions Make, or permit any Significant Subsidiary to make, any equity contributions to any Unregulated Subsidiary; provided, however, that this Section 5.03(h) shall not restrict or otherwise apply to (i) any such equity contributions that are required by Applicable Law or court order or (ii) any intercompany advances made to any Unregulated Subsidiary (including, without limitation, pursuant to the Unregulated Money Pool Agreement) that are recharacterized by a court or other Governmental Authority as equity contributions.

  • 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.

  • Campaign Contributions The CONTRACTOR is hereby notified of the applicability of 11-355, HRS, which states that campaign contributions are prohibited from specified state or county government contractors during the terms of their contracts if the contractors are paid with funds appropriated by a legislative body.

  • Defined Contribution Plan The Employer will establish the following Employer contribution programs in the existing salary deferral plans: » Beginning in 2006 and continuing throughout the term of the Agreement, a performance-based contribution

  • Pension Contributions While on leave pursuant to Section B. of this Article, an employee may make contributions to the appropriate State pension system and will receive service credit for the time the employee is on unpaid leave.

  • 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.

  • Defined Contribution Plans The Company does not maintain, contribute to or have any liability under (or with respect to) any employee plan which is a tax-qualified "defined contribution plan" (as defined in Section 3(34) of ERISA), whether or not terminated.

  • Child Support Obligation Under Section 231.006(d) of the Texas Family Code regarding child support, Contractor certifies that the individual or business entity named in this Contract and any related Solicitation Response is not ineligible to receive the specified payment and acknowledges that the Contract may be terminated and payment may be withheld if this certification is inaccurate. If the certification is shown to be false, Contractor may be liable for additional costs and damages set out in 231.006(f).

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