Timing of Capital Contributions. The Company and AIG agree that any contribution to be made under paragraph 1 will take place within the following two time periods per year, as applicable: (a) during the time beginning on the first business day after the filing of the Company's first fiscal quarterly statutory financial statements and ending on the last business day prior to the end of the Company's second fiscal quarter; and (b) during the time beginning on the first business day after the filing of the Company's third fiscal quarterly statutory financial statements and ending on the last business day prior to the end of the Company's fourth fiscal quarter. Notwithstanding the foregoing, in compliance with applicable law, any capital contribution provided for under paragraph 1 may be made by AIG after the close of any fiscal quarter or fiscal year of the Company but prior to the filing by the Company of its statutory financial statements for such fiscal quarter or fiscal year, respectively, and contributions of this nature shall be recognized as capital contributions receivable as of the balance sheet date of the yet to be filed quarterly or annual financial statement (as the case may be), pursuant to paragraph 8 of Statement of Statutory Accounting Principles No. 72, to the extent approved by the Domiciliary State.
Timing of Capital Contributions. (a) Subject to Section 6.14, as and when at any time the General Partner determines that capital is required to invest in Securities, provide working capital, establish reasonable reserves or pay expenses, costs, losses or liabilities of the Partnership, including without limitation, payment of the Management Fee, the Partners shall contribute cash to the capital of the Partnership. All Capital Contributions shall be made within ten (10) days after notice from the General Partner of the amounts to be contributed by each Partner and of the general purposes to which such contributions will be applied. The amount of cash required to be contributed by each Partner shall be equal to the total amount of Capital Contributions called for by the General Partner, multiplied by a fraction, the numerator of which shall be the amount of such Partner's Capital Commitment and the denominator of which shall be the aggregate amount of all Partners' Capital Commitments. Without limitation upon the terms and provisions hereof, nothing in this Agreement shall operate to increase any Partner's Capital Commitment, and no Partner shall have any obligation to contribute any amounts in excess of such Partner's aggregate Capital Commitment to the Partnership.
Timing of Capital Contributions. 9 3.4 Interest and Return of Capital Contributions.........................10 3.5 Limitations on Additional Capital Contributions Due to ERISA.........10 3.6
Timing of Capital Contributions. Contributions to the registered capital of the Company shall be made by the Parties in accordance with Schedule 1; provided, however, that Schedule 1 may be adjusted by the unanimous vote of the Board in light of actual conditions consistent with the requirements of relevant regulations. However, any adjustment of the Contributions will be subject to the final approval of the Examination and Approval Authority.
Timing of Capital Contributions. Each Partner shall contribute one- third of its Committed Capital to the Partnership concurrently with the First Closing or the appropriate Subsequent Closing, as the case may be. An additional one-third of each Partner's Committed Capital shall be contributed to the Partnership on the first anniversary of the First Closing and the final one- third of each Partner's Committed Capital shall be contributed to the Partnership on the second anniversary of the First Closing.
Timing of Capital Contributions. According to the terms of the Restructuring Agreement and the Share Transfer Agreement, and with respect to capital contributions by the Parties, the Parties shall have fulfilled their respective capital contribution obligations to the Company on the Restructuring Date. TSEC JV Contract amended in August 18, 2017 9
Timing of Capital Contributions. Contributions to the registered capital of the Company shall be made by the Parties in full within sixty (60) days after the Establishment Date, and POSITRON shall make its contribution of technology according to the provisions of the Technologies Contribution Agreement. The obligations of a party to make such contributions shall be subject to the other party simultaneously making its contributions and to the Company having received all necessary licenses, permits, leases and authorizations necessary to commence and conduct the business contemplated by this Contract.
Timing of Capital Contributions. Following approval of this Contract by the Approval Authority and the issuance of the Company’s business license by the AIC, each Party shall make its contributions to the registered capital of the Company pursuant to the following timetable; provided, however, that no Party shall have an obligation to contribute any part of its share of the registered capital of the Company until the conditions precedent set out in Article 5.5 have been satisfied or have been waived by the Parties.
Timing of Capital Contributions. Subject to fulfilment of conditions precedents set forth in Article 5.5 below, the capital contribution shall be fully paid up by HT and RP respectively in one time within 15 Business Days after the issuance of the Business License. The timing of capital contribution may be adjusted by the unanimous vote of the Board in light of the actual conditions consistent with the requirements of relevant PRC laws and regulations.
Timing of Capital Contributions. Each Investor Member shall contribute one hundred percent (100%) of his or its Subscription Amount upon subscription to the Company. Such Subscription Amount shall be held in escrow with LaSalle Bank National Association, as escrow agent for the Company, until released from escrow in furtherance of the Company’s Business. Upon release, the escrow agent will pay to the Company the Committed Capital, and the balance of the escrow amount shall be paid to Advanced Equities, Inc. as provided in the Subscription Agreements for the Class B Interests.
