Mandatory Additional Capital Sample Clauses

Mandatory Additional Capital. Contributions Prohibited The Company has no authority to require additional Capital Contributions.
Sample 1
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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

Related to Mandatory Additional Capital

  • Additional Capital The Member shall not be obligated to make any Capital Contributions other than the initial Capital Contributions specified in Section 3.2.

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

  • Additional Capital Contributions and Issuances of Additional Partnership Interests Except as provided in this Section 4.2 or in Section 4.3, the Partners shall have no right or obligation to make any additional Capital Contributions or loans to the Partnership. The General Partner may contribute additional capital to the Partnership, from time to time, and receive additional Partnership Interests in respect thereof, in the manner contemplated in this Section 4.2.

  • No Additional Capital Contributions Except as otherwise provided in this Article V, no Partner shall be required to make additional Capital Contributions to the Partnership without the consent of such Partner or permitted to make additional capital contributions to the Partnership without the consent of the General Partner.

  • ADDITIONAL FUNDS AND CLASSES In the event that the Trust establishes one or more series of Shares or one or more classes of Shares after the effectiveness of this Agreement, such series of Shares or classes of Shares, as the case may be, shall become Funds and classes under this Agreement with necessary changes made to Appendix IV; however, either GFS or the Trust may elect not to make any such series or classes subject to this Agreement.

  • Capital Contributions Capital Accounts The capital contribution of the Sole Member is set forth on Annex A attached hereto. Except as required by applicable law, the Sole Member shall not at any time be required to make additional contributions of capital to the Company. The capital accounts of the members shall be adjusted for distributions and allocations made in accordance with Section 8.

  • Additional Funds and Capital Contributions 30 SECTION 4.4 NO INTEREST; NO RETURN................................................................... 31 SECTION 4.5 NOTE DEFICIENCY CAPITAL CONTRIBUTION..................................................... 31

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

  • No Commitment for Additional Financing The Company acknowledges and agrees that no Purchaser has made any representation, undertaking, commitment or agreement to provide or assist the Company in obtaining any financing, investment or other assistance, other than the purchase of the Shares as set forth herein and subject to the conditions set forth herein. In addition, the Company acknowledges and agrees that (i) no statements, whether written or oral, made by any Purchaser or its representatives on or after the date of this Agreement shall create an obligation, commitment or agreement to provide or assist the Company in obtaining any financing or investment, (ii) the Company shall not rely on any such statement by any Purchaser or its representatives, and (iii) an obligation, commitment or agreement to provide or assist the Company in obtaining any financing or investment may only be created by a written agreement, signed by such Purchaser and the Company, setting forth the terms and conditions of such financing or investment and stating that the parties intend for such writing to be a binding obligation or agreement. Each Purchaser shall have the right, in its sole and absolute discretion, to refuse or decline to participate in any other financing of or investment in the Company, and shall have no obligation to assist or cooperate with the Company in obtaining any financing, investment or other assistance.

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