Working Capital Contributions Sample Clauses

Working Capital Contributions. Each of the Joint Venturers will not be required to contribute any advances or further capital as required for working capital purposes on an equal basis, without its prior written approval.
Sample 1
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Working Capital Contributions. 3 SECTION 4.02. Other Equity Contributions........................... 3 ARTICLE V Term of Partnership SECTION 5.01. Term................................................. 4 SECTION 5.02. Extensions of Term................................... 4 ARTICLE VI Agreements
Sample 1
Working Capital Contributions. The Partnership shall ----------------------------- maintain such working capital as is adequate, in the reasonable opinion of the Operating Partner, for use by the Operating Partner to meet the Partnership's obligations in the normal course of business. With the prior consent of all Partners, the Operating Partner may issue calls for working capital contributions. Each such call shall be issued to all Partners, shall allocate the total amount called in amounts proportionate to the respective Financial Interests of the Partners and shall be payable not later than 30 days after issuance. Any idle funds shall be held by the Partnership in the form of cash, direct obligations of the United States government or any state thereof, Prime Commercial Paper or bank certificates of deposit, as may be determined by the Management Committee.
Sample 1
Working Capital Contributions. (a) Base Level Contributions. The Partners shall each contribute 50% of ------------------------ the Working Capital requirements of the Partnership, up to a combined total (the "Base Level") during any calendar year equal to [CONFIDENTIAL INFORMATION ---------- CONTAINED HERE HAS BEEN OMITTED AND FILED SEPARATELY WITH THE SECURITIES AND EXCHANGE COMMISSION] multiplied by a ratio, the numerator of which is the Price Index as of January 1 of the applicable calendar year, and the denominator of which is the Price Index as of January 1, 1990. Whenever the Partnership's Working Capital requirements exceed its actual Working Capital, but are less than the Base Level, each Partner shall contribute to the Partnership cash equal to 50% of the difference between the Working Capital requirement and actual Working Capital upon ten days written notice from the Partnership.
Sample 1
Working Capital Contributions 
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Related to Working Capital Contributions

  • Capital Contributions Capital Accounts The capital contribution of the Sole Member is set forth on Annex A attached hereto. Except as required by applicable law, the Sole Member shall not at any time be required to make additional contributions of capital to the Company. The capital accounts of the members shall be adjusted for distributions and allocations made in accordance with Section 8.

  • Members Capital Contributions (a) Initial Capital Contribution. The initial Capital Contribution described on Schedule 1 (the “Property”) was made by the previous Member.

  • Capital Contributions and Capital Accounts (a) The value of the interests contributed by the Class A Certificateholders and the Class I Certificateholders shall equal the amount paid by such Certificateholders for such interests, respectively, and such amounts shall constitute the opening balance in their Capital Accounts (as hereinafter defined). The value of the interests contributed by the Class IC Certificateholder shall equal the fair market value of the Receivables contributed to the Tax Partnership less the value attributed to the Class A Certificateholders and the Class I Certificateholders, as described above. Such amount shall constitute the opening balance in the Class IC Certificateholder's Capital Account.

  • Capital Contributions Persons seeking to become a Member shall be required to purchase or acquire Shares and make capital contributions in such forms and in such amounts and at such times as the Board may require, if any, in its sole discretion (any, a “Capital Contribution”) whereupon a capital account for a new Member will be established, and, if applicable, accreted, in the amount of such Member’s Capital Contribution or based upon the fair market value of property contributed, and the new Member shall be issued a number of Class A Ordinary Shares as determined by the Board, and the Board shall update Exhibit A attached hereto accordingly. The provisions of this Section 3.1 are solely intended for the benefit of the Members and, to the fullest extent permitted by law, shall not be construed as conferring any benefit upon any creditor of the Company (and no such creditor shall be a third-party beneficiary of this Agreement). The Members shall have no duty or obligation to any creditor of the Company to make any contribution to the Company.

  • Subsequent Capital Contributions Without creating any rights in favor of any third party, each Member shall contribute to the Company, in cash, on or before the date specified as hereinafter described, that Member's Sharing Ratio of all monies that in the unanimous judgment of the Management Committee are necessary to enable the Company to acquire the Project from the Seller and to cause the assets of the Company to be properly operated and maintained and to discharge its costs, expenses, obligations, and liabilities, including without limitation its Sharing Ratio of the purchase price set forth in the Asset Sale Agreement, and its Sharing Ratio of Working Capital Requirements in order to bring current Company bank accounts to an amount equal to the Working Capital Requirements, as more particularly described in Section 5.01 below. The Management Committee shall notify each other Member of the need for Capital Contributions pursuant to this Section 4.02 when appropriate, which notice must include a statement in reasonable detail of the proposed uses of the Capital Contributions and a date (which date may be no earlier than the fifth Business Day following each Member's receipt of its notice) before which the Capital Contributions must be made. Notices for Capital Contributions must be made to all Members in accordance with their Sharing Ratios.

  • Additional Capital Contributions No Member shall be required to make additional capital contributions. A Member may make additional capital contributions to the Company.

  • Capital Contributions of the Partners (a) The Partners have made the Capital Contributions as set forth in Exhibit A.

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

  • Additional Funds and Capital Contributions .. 22 Section 4.4 Stock Option Plan................................... 23 Section 4.5 No Interest; No Return.............................. 24 Section 4.6 Conversion or Redemption of Preferred Shares........ 24

  • Capital Contributions and Accounts ..................................................12 4.01 Capital Contributions.............................................................12 4.02 Additional Capital Contributions and Issuance of Additional Partnership Interests.........................................................................12 4.03

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