Owner Contribution Sample Clauses

Owner Contribution. Upon enrolment into the Rental Association, which shall occur upon payment of the Enrollment Fee and execution of this document by the owner and the Rental Manager on behalf of the Rental Association. Eeach Participating Owner shall also pay to the Rental Manager their Owner Contribution which shall be an amount equal to the Notional Rent of the Participating Owner’s Managed Unit, and held on account for the benefit of the Participating Owner in the Rental Manager’s operating bank account. The Owner Contribution may be used by the Rental Manager to cover the Participating Owner’s cash shortfall. In the event that the Owner Contribution is drawn, the Participating Owner shall make a further Owner Contribution to replenish it. The Board, by resolution, may change the Owner Contribution required from each Participating Owner.
Sample 1
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Owner Contribution. In the event Agent reasonably anticipates disbursements will exceed receipts, Owner shall, upon demand, remit such excess to the Agent for deposit in the PM Trust account. In the event Owner fails to provide the requested funds within three (3) business days of the demand, Agent shall have the sole and exclusive right to determine what expenses and disbursements shall be made from the available funds. Owner recognizes that Agent may choose to pay expenses other than debt service, which may result in default by Owner on its loan. Owner assumes full responsibility for the payment of any expenses and obligations incurred in connection with the exercise of the Agent’s duties set forth herein. In no event shall the Agent be required to use its own funds to pay any of the Owner’s obligations.
Sample 1
Owner Contribution. Within thirty (30) days following Tenant opening for business and upon substantial completion of all of Tenant's Work to the reasonable satisfaction of Owner, Owner shall reimburse Tenant an amount not to exceed Thirty Seven Thousand Eight Hundred Seventy Five and no/100's Dollars ($37,875.00) towards the cost of the installation of Tenant improvements, trade fixtures and a grease interceptor (the "Owner Contribution"), provided that (a) Tenant first received Owner's written approval of construction estimate(s) prior to commencement of such work, Owner shall have five (5) days to approve estimates, silence shall be deemed approval; (b) Tenant has submitted final invoices for reimbursement; (c) Work was completed in compliance with all applicable codes; (d) Tenant is not in uncured default of the Lease (or if Tenant is in default, Tenant Owner harmless from any costs, fees, claims or liabilities associated with any brokerage fees claimed on behalf of Tenant other than those payable by owner to Xxxxx Xxxxxxxx of Argent Retail Advisors..
Sample 1
Owner Contribution. In some situations Chorus may require a contribution towards the installation of the UFB Equipment. If a contribution is required, Chorus will not undertake any installation of UFB Equipment on the owner’s land until we have agreed the amount of any such contribution and that the contribution has been paid to us.
Sample 1

Related to Owner Contribution

  • Initial Contribution The member agrees to make an initial contribution to the Company of $____________.

  • The Contribution Prior to the Effective Time, and subject to the terms and conditions set forth in the Distribution Agreement, Grace intends to cause the transfer to a wholly owned subsidiary of Grace-Conn. ("Packco") of certain assets and liabilities of Grace and its subsidiaries predominantly related to the Packaging Business (the "Contribution"), as contemplated by the Distribution Agreement and the Other Agreements.

  • Employer Contribution (a) An Employer contribution for health and dental benefits will only be made for each active employee who has at least eighty (80) paid regular hours in a month and who is eligible for medical insurance coverage, unless otherwise required by law. (b) It is understood that the administrative intent of this Article is that the Employer contribution is made for individuals who are participants in the medical insurance coverages. Participation will mean that eligible less-than-full-time employees who drop out of coverage will be considered to participate. Additionally, employees who elect to opt out of coverage for a cash incentive will be considered to participate.

  • Contribution Allocation The Advisory Committee will allocate deferral contributions, matching contributions, qualified nonelective contributions and nonelective contributions in accordance with Section 14.06 and the elections under this Adoption Agreement Section 3.04. PART I. [OPTIONS (a) THROUGH (d)].

  • Rollover Contributions A rollover is a tax-free distribution of cash or other assets from one retirement program to another. There are two kinds of rollover contributions to an IRA. Xx one, you contribute amounts distributed to you from one IRA xx another IRA. Xxth the other, you contribute amounts distributed to you from your employer's qualified plan or 403(b) plan to an IRA. X rollover is an allowable IRA xxxtribution which is not subject to the limits on regular contributions discussed in Part D above. However, you may not deduct a rollover contribution to your IRA xx your tax return. If you receive a distribution from the qualified plan of your employer or former employer, the distribution must be an "eligible rollover distribution" in order for you to be able to roll all or part of the distribution over to your IRA. Xxe portion you contribute to your IRA xxxl not be taxable to you until you withdraw it from the IRA. Xxur employer or former employer will give you the opportunity to roll over the distribution directly from the plan to the IRA. Xx you elect, instead, to receive the distribution, you must deposit it into the IRA xxxhin 60 days after you receive it. An "eligible rollover distribution" is any distribution from a qualified plan that would be taxable other than (1) a distribution that is one of a series of periodic payments for an employee's life or over a period of 10 years or more, (2) a required distribution after you attain age 70 1/2 and (3) certain corrective distributions. If the entire amount in your IRA xxx been contributed in a tax-free rollover from your employer's or former employer's qualified plan or 403(b) plan, you may later roll over the IRA xx a new employer's plan if such plan permits rollovers. Your IRA xxxld then serve as a conduit for those assets. However, you may later roll those IRA xxxds into a new employer's plan only if you make no further contributions to that IRA, xx commingle the IRA xxxlover funds with existing IRA xxxets.

  • Allocation of Contributions You may place your contributions in one fund or in any combination of funds, although your employer may place restrictions on investment in certain funds.

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

  • Retirement Contribution 1. The State shall, as permitted by 5 M.R.S.A. §17702 §§s5 and 6, pay its cost of the 6.5% or 7.5% retirement contribution for employees in the bargaining unit who are covered under special Law Enforcement retirement plans. 2. The State shall, as permitted by 5 M.R.S.A. §17702 §§s5 and 6, pay the cost of the 6.5% or 7.5% retirement contribution for employees in the following classifications.

  • 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.

  • 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.

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