Mandatory Additional Capital Sample Clauses

Mandatory Additional Capital. In the event that the Tenant exercises any right it may have under the Lease to lease the portion of Lot 2 not included in the Property, MMU and JEKA shall contribute the remainder of the Lot 2 to the Company at an agreed value (the “Agreed Value of the Additional Land”) as of the date of the contribution of the remainder of Lot 2. The Agreed Value of the Additional Land shall be $10.00 per square foot during the first year after the date of the certificate of occupancy (or similar documentation indicating the substantial completion of the Building) (the “Substantial Completion Date”) and shall increase each year on the anniversary of the Substantial Completion Date. The increase on the first five anniversaries of the Substantial Completion Date shall be three percent (3%) of the Agreed Value of the Additional Land in effect for the prior year. On the sixth anniversary, the Agreed Value of the Additional Land shall increase by a percentage of the Agreed Value of the Additional Land in effect for the prior year equal to the percentage increase in the Consumer Price Index for All Urban Consumers (CPI-U) for the Denver-Boulder-Greeley, Colo., metropolitan area for the period between the 5th anniversary and the sixth anniversary of the Substantial Completion Date but no less than 2% nor more than 5%. For example, if MMU and JEKA contribute the remainder of Lot 2 to the Company on the third anniversary of the execution of this Agreement, the Agreed Value of the Additional Land would be at $10.93 per square foot of land contributed. Upon the contribution of the remaining portion of Lot 2, Flywheel shall contribute cash equal to the amount of the Agreed Value of the Additional Land as calculated pursuant to this Section 3.2(b).
Sample 1
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Mandatory Additional Capital. Contributions Prohibited The Company has no authority to require additional Capital Contributions. Section 4.03
Sample 1

Related to Mandatory Additional Capital

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

  • 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).

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

  • Commingling, Exchange and Investment of the Contributions 2.1. The Contributions shall be accounted for as a single trust fund and shall be kept separate and apart from the funds of the Bank. The Contributions may be commingled with other trust fund assets maintained by the Bank.

  • 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.

  • Additional Cards You may request additional Cards and permit Authorized Users to have access to your Card or Account. You will be liable for all Account transactions made and all fees incurred by those Authorized Users (including without limitation interest charges). We may limit the total number of Cards and other Access Devices issued.

  • Additional Contributions The Member is not required to make any additional capital contribution to the Company. However, the Member may at any time make additional capital contributions to the Company in cash or other property.

  • Allocation of Subordinate Reduction Amount to the Reference Tranches On each Payment Date prior to the Termination Date, after allocation of the Senior Reduction Amount and the Tranche Write-down Amount or Tranche Write-up Amount, if any, for such Payment Date as described above, the Subordinate Reduction Amount will be allocated to reduce the Class Notional Amount of each Class of Reference Tranche in the following order of priority, in each case until its Class Notional Amount is reduced to zero:

  • Refinancing Preparation Advance; Capitalizing Front-end Fee and Interest (a) If the Loan Agreement provides for the repayment out of the proceeds of the Loan of an advance made by the Bank or the Association (“Preparation Advance”), the Bank shall, on behalf of such Loan Party, withdraw from the Loan Account on or after the Effective Date the amount required to repay the withdrawn and outstanding balance of the advance as at the date of such withdrawal from the Loan Account and to pay all accrued and unpaid charges, if any, on the advance as at such date. The Bank shall pay the amount so withdrawn to itself or the Association, as the case may be, and shall cancel the remaining unwithdrawn amount of the advance.”

  • CERTIFICATE OF INDEBTEDNESS A certificate signed by the officer of Maybank as to the monies for the time being due and owing to Maybank from the Cardmember shall be conclusive evidence or proof that the amount appearing therein is due and owing and payable by the Cardmember to Maybank.

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