Over-Allotment Contributions Sample Clauses

Over-Allotment Contributions. (a) In the event the Underwriters exercise the Over-Allotment Option, in whole or in part, (i) with respect to its 540 LLC Shares, Basis shall contribute to Genesis LLC cash in an amount equal to 54% of the LLC Over-Allotment Contribution and (ii) with respect to its 460 LLC Shares, Howell shall contribute or cause ax Xxxxliate to contribute to Genesis LLC cash in an amount equal to 46% of the LLC Over- Allotment Contribution. (b) Genesis LLC shall then contribute cash to Genesis MLP in an amount equal to 2/98ths of the Net Over-Allotment Proceeds (the "LLC Over-Allotment Contribution") in exchange for an additional number of MLP GP Units equal to 2/98ths of the total number of Over-Allotment Common MLP Units. (c) Genesis MLP shall then contribute to Genesis OLP cash in an amount equal to the sum of (i) the Net Over-Allotment Proceeds plus (ii) the LLC Over- Allotment Contribution in exchange for a number of additional Common GP Units equal to the sum of (x) the total number of Over-Allotment Common MLP Units plus (y) the number of additional MLP GP Units issued pursuant to the MLP Agreement as described therein. (d) Genesis OLP shall use the cash received pursuant to clause (c) of this Section 2.8 to redeem from all the holders of Subordinated Units, based on the relative number of Subordinated Units owned by each such holder, a number of such Subordinated Units equal to the number of additional Common GP Units issued to Genesis MLP pursuant to the OLP Agreement as described therein. (e) The transactions contemplated by this Section 2.8 shall be collectively referred to as the "Over-Allotment Contributions." If and to the extent any of the Parties hereto receive funds in connection with the transactions contemplated by this Section 2 at a time not contemplated by this Section 2, then such funds shall be deemed held in escrow to be applied in accordance with this Section 2. ARTICLE 3
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Related to Over-Allotment Contributions

  • Initial Contributions The Members initially shall contribute to the Company capital as described in Schedule 2 attached to this Agreement.

  • Retirement Contributions On behalf of employees, the State will continue to “pick up” the six percent (6%) employee contribution, payable pursuant to law. The parties acknowledge that various challenges have been filed that contest the lawfulness, including the constitutionality, of various aspects of PERS reform legislation enacted by the 2003 Legislative Assembly, including Chapters 67 (HB 2003) and 68 (HB 2004) of Oregon Laws 2003 (“PERS Litigation”). Nothing in this Agreement shall constitute a waiver of any party’s rights, claims or defenses with respect to the PERS Litigation.

  • Catch-Up Contributions In the case of a Traditional IRA Owner who is age 50 or older by the close of the taxable year, the annual cash contribution limit is increased by $1,000 for any taxable year beginning in 2006 and years thereafter.

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

  • 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.

  • Participant Contributions If Participant contributions are permitted, complete (a), (b), and (c). Otherwise complete (d).

  • 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.

  • Contributions Without creating any rights in favor of any third party, the Member may, from time to time, make contributions of cash or property to the capital of the Company, but shall have no obligation to do so.

  • Matching Contributions The Employer will make matching contributions in accordance with the formula(s) elected in Part II of this Adoption Agreement Section 3.01.

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