Make-up for Other Facilities Sample Clauses

Make-up for Other Facilities. If, at the time of the closing of the Unwind Procedure, the Partnership (a) owns a Controlling Interest in any existing Amphitheater which is not required to be distributed pursuant to the provisions hereof at the closing of the Unwind Procedure or (b) is obligated to construct, or otherwise acquire a Controlling Interest in, any other Amphitheater, then Pace shall be required and obligated to make a payment in cash to Sony/Block at the closing of the Unwind Procedure in an amount ("Other Facilities Make-Up Amount") equal to one-third (1/3rd) of the Other Partner Equity Contribution Amount. As used in the immediately preceding sentence, the term "Other Partner Equity Contribution Amount" shall mean, at the time of the closing of the Unwind Procedure, (i) the aggregate original principal amount of the Sony/Block Notes plus (ii) the amount (if any) of cash funds contributed to the Partnership by Sony/Block upon execution of this Agreement pursuant to Sections 4.10(a)(1) and 4.l0(b)(1) hereof minus (iii) the total amount of Contributed Project Funds previously or then being distributed to Sony/Block pursuant to the provisions of Section 9.4(f) or Section 4.17 (b)(2)(i) hereof minus (iv), the total amount of Contributed Project Funds previously expended by the Partnership for any one or more of (x) Project Costs related to the Camden Amphitheater, (y) Major Capital Improvements with respect to any of the Amphitheaters distributed at the closing of the Unwind Procedure and (z) the purchase price of the Partnership's Controlling Interest in any Partnership MCA/Pace Amphitheaters. Any amount paid by Pace to Sony/Block at the closing of the Unwind Procedure pursuant to the provisions of this Section 9.4(i) shall be, for all purposes of this Agreement, deemed to have been contributed to the capital of the Partnership by Pace and immediately thereafter distributed by the Partnership to Sony/Block.
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