Payments of Additional Investment Sample Clauses

Payments of Additional Investment. At any time following an initial acquisition pursuant to Section 2.02(a) and prior to the Program Amortization Date, the Transferor may, on at least two (2) Business Day’s notice to the Program Agent and each Investor Agent (provided that, any such notice received by the Program Agent and the Investor Agents after 12:00 noon (New York City time) on a particular Business Day shall be deemed to have been received on the following Business Day), request the Program Agent, for the benefit of the Co-Acquirers that have any outstanding Investment, to make additional cash payments to the Transferor on account of the Deferred Consideration in respect of the Receivable Assets (each, a “Capital Payment”). Such notice shall be in the form of Annex B, and specify (i) the requested amount of the Capital Payment to be paid to the Transferor, which shall not be less than $75,000,000 nor more than the excess (if any) of the Total Investment Limit over the Total Investment prior to giving effect to such Capital Payment, (ii) the allocation of such Capital Payment among each of the Groups (which shall be proportional to the Conduit Limit of each Group) (such allocated amounts shall constitute additional “Investment”), (iii) the amount of the Deferred Consideration on the date of such Capital Payment (and after giving effect thereto), (iv) the allocation of such Deferred Consideration among each of the Groups (which shall be proportional to the Conduit Limit of each Group), (v) the date of such Capital Payment (which shall be a Business Day), and (vi) if the Assignee Rate is to apply to any Receivable Interest arising out of such Capital Payment, the duration of the initial Fixed Period for such Receivable Interest. Each Conduit that holds any Receivable Interest shall promptly notify the Program Agent whether such Conduit has determined to make its pro rata share of the requested Capital Payment on the terms specified by the Transferor. The Program Agent shall promptly thereafter notify the Transferor whether the Conduits have determined to make the requested Capital Payment and, if so, whether all of the terms specified by the Transferor are acceptable to the Conduits. If any Conduit does not have any outstanding Investment or has determined not to fund its pro rata amount of such Capital Payment, such Conduit shall promptly send notice of the proposed Capital Payment to all of the Related Banks for such Conduit concurrently by e-mail or telecopier specifying the date of s...
Sample 1
AutoNDA by SimpleDocs

Related to Payments of Additional Investment

  • Additional Investment The Investor commits to invest in additional Class A Shares or American depositary shares representing Class A Shares if and when the Company conducts an IPO, of an amount of no more than the Purchase Price. The Company and the lead underwriters shall have the right to accept or not accept such investment and, if so accepted, to determine whether to accept the investment as part of the IPO or as a private placement. Neither the Company nor any underwriter for the Company’s IPO is under any obligation or commitment to issue any shares to the Investor in the IPO. Any such issuance will be decided by the Company and the lead underwriters for the IPO and must be in compliance with all applicable laws, regulations and rules.

  • Investment of Amounts in Special Payments Account Any amounts on deposit in the Special Payments Account prior to the distribution thereof pursuant to Section 2.4(b) or (c) shall be invested in accordance with Section 2.2(b). Investment Earnings on such investments shall be distributed in accordance with Section 2.4(b) or (c), as the case may be.

  • Distributions; Investments Directly or indirectly acquire or own any Person, or make any Investment in any Person, other than Permitted Investments, or permit any of its Subsidiaries to do so. Pay any dividends or make any distribution or payment or redeem, retire or purchase any capital stock.

  • Net Asset Value Distributions Redemptions Transfers Section 1. DETERMINATION OF NET ASSET VALUE, NET INCOME AND DISTRIBUTIONS.

  • 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.

  • Distributions of Special Payments 25 SECTION 2.5. DESIGNATED REPRESENTATIVES...................................................................... 28 SECTION 2.6. CONTROLLING PARTY............................................................................... 29 ARTICLE III RECEIPT, DISTRIBUTION AND APPLICATION OF AMOUNTS RECEIVED........................................... 31

  • Distributions Payable in Cash; Redemption Payments In the event that the Board of the Investment Company shall declare a distribution payable in cash, the Investment Company shall deliver to FTIS written notice of such declaration signed on behalf of the Investment Company by an officer thereof, upon which FTIS shall be entitled to rely for all purposes, certifying (i) the amount per share to be distributed, (ii) the record and payment dates for the distribution, and (iii) that all appropriate action has been taken to effect such distribution. Once the amount and validity of any dividend or redemption payments to shareholders have been determined, the Investment Company shall transfer the payment amounts from the Investment Company's accounts to an account or accounts held in the name of FTIS, as paying agent for the shareholders, in accordance with any applicable laws or regulations, and FTIS shall promptly cause payments to be made to the shareholders.

  • Distributions; Capital Change; Restricted Investments Neither the Borrower nor any of its Subsidiaries shall (i) directly or indirectly declare or make, or incur any liability to make, any Distribution, except Distributions to the Borrower by its Subsidiaries, (ii) make any change in its capital structure which could have a Material Adverse Effect or issue any capital stock other than common stock or (iii) make any Restricted Investment.

  • Additional Investment Representations Executive represents and warrants that:

  • Net Asset Value, Distributions, and Redemptions Section 1. Determination of Net Asset Value, Net Income, and Distributions. Subject to Article III, Section 6 hereof, the Trustees, in their absolute discretion, may prescribe and shall set forth in the By-laws or in a duly adopted resolution of the Trustees such bases and time for determining the per Share net asset value of the Shares of any Series and the declaration and payment of dividends and distributions on the Shares of any Series, as they may deem necessary or desirable.

Time is Money Join Law Insider Premium to draft better contracts faster.