Recommencement of Contributions Sample Clauses

Recommencement of Contributions. (1) If: (a) the Operator adopts an alteration to a Program and Budget so as to alter the amount budgeted for Joint Venture Expenditures under those documents and the non-Operator whose Participating Hoidas Lake JV Interest is diluting, within 10 Business Days after the date of notice of that alteration, gives notice to the Operator that it elects to recommence contributing to Joint Venture Expenditure with effect from the date of commencement of implementation of that alteration to that Program and Budget; or (b) a Program and Budget has been submitted to the Participants by the Operator under Section 6.1 of this Hoidas Lake JV Agreement and the non-Operator whose Hoidas Lake JV Interest is diluting gives notice to participate under Section 6.2(1) of this Hoidas Lake JV Agreement to the Operator within 10 Business Days after that Program and Budget has been approved by the JV Management Committee, then the non-Operator whose Hoidas Lake Joint Venture Interest is diluting shall again become entitled to contribute to Joint Venture Expenditure in accordance with Section 6.2(1) of this Hoidas Lake JV Agreement (with its Hoidas Lake JV Interest calculated as at the date on which it so becomes entitled and obliged to contribute) upon: (c) in a case to which Section 6.3(1)(a) of this Hoidas Lake JV Agreement applies, the date of commencement of implementation of the alteration to the Program and Budget concerned; or (d) in a case to which Section 6.3(1)(b) of this Hoidas Lake JV Agreement applies, the date of commencement of the period covered by the Program and Budget concerned.
Sample 1
AutoNDA by SimpleDocs
Recommencement of Contributions. In the event that contributions cease in accordance with Section 2.5(a) above and the applicable Participation Agreement, and the Employee is subsequently employed by the Participating Employer in the capacity required by the applicable Participation Agreement, such Employee shall contribute the first day of the payroll period immediately succeeding the date of such subsequent change in status, and likewise shall be entitled to participate in the allocation of contributions by the Participating Employer. The Employee’s elections will resume, unchanged from elections previously made when first eligible to participate in the Plan and in accordance with Section 2.2 above.
Sample 1

Related to Recommencement of Contributions

  • 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.

  • 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.

  • Investment of Contributions At the direction of the Depositor (or the direction of the beneficiary upon the Depositor's death), the Custodian shall invest all contributions to the account and earnings thereon in investments acceptable to the Custodian, which may include marketable securities traded on a recognized exchange or "over the counter" (excluding any securities issued by the Custodian), covered call options, certificates of deposit, and other investments to which the Custodian consents, in such amounts as are specifically selected and specified by the Depositor in orders to the Custodian in such form as may be acceptable to the Custodian, without any duty to diversify and without regard to whether such property is authorized by the laws of any jurisdiction as a trust investment. The Custodian shall be responsible for the execution of such orders and for maintaining adequate records thereof. However, if any such orders are not received as required, or, if received, are unclear in the opinion of the Custodian, all or a portion of the contribution may be held uninvested without liability for loss of income or appreciation, and without liability for interest pending receipt of such orders or clarification, or the contribution may be returned. The Custodian may, but need not, establish programs under which cash deposits in excess of a minimum set by it will be periodically and automatically invested in interest-bearing investment funds. The Custodian shall have no duty other than to follow the written investment directions of the Depositor, and shall be under no duty to question said instructions and shall not be liable for any investment losses sustained by the Depositor.

  • 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.

  • Return of Contributions The General Partner shall not be personally liable for, and shall have no obligation to contribute or loan any monies or property to the Partnership to enable it to effectuate, the return of the Capital Contributions of the Limited Partners or Unitholders, or any portion thereof, it being expressly understood that any such return shall be made solely from Partnership assets.

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

  • Form of Contribution The contribution of a member to the Company must be in cash or property, provided that if there is more than one member, all member(s) must consent in writing to contributions of property. To the extent there is more than one member, additional contributions in the same proportion shall be made by each member, except as may be approved by all member(s). A capital account shall be maintained for each member, to which contributions and profits shall be credited and against which distributions and losses shall be charged. At any time that there is more than one member, capital accounts shall be maintained in accordance with the tax accounting principles prescribed by the Treasury Regulations promulgated under Code Section 704 (the "Allocation Regulations"), so that the tax allocations provided in this Agreement shall, to the extent possible, have "substantial economic effect" within the meaning of the Allocation Regulations, or, if such allocations cannot have substantial economic effect, so that they may be deemed to be "in accordance with the member(s') interests in the Company" within the meaning of the Allocation Regulations.

  • 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.

  • 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.

  • Other Contributions In this Agreement, Other Contributions means the financial or in-kind contributions other than the Grant set out in the following table: Contributor Nature of Contribution Amount (GST exclusive) Timing Grantee < insert description of contribution, e.g., cash, access to equipment, secondment of personnel etc> $<insert amount> <project end date> <name of third party providing the Other Contribution> <insert description of contribution, e.g., cash, access to equipment, secondment of personnel etc> $<insert amount> <insert date or Milestone to which the Other Contribution relates> Total $<total other contributions>

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!