Additional Capital Contribution Amount definition
Examples of Additional Capital Contribution Amount in a sentence
In the event that a Call Notice is delivered to the Common Members, subject to Section 4.2.3 below, each Common Member shall, on or before the Call Date, make a Common Contribution to the Company in an amount equal to its then current Common Percentage Interest multiplied by the applicable amount of the Shortfall or the Additional Capital Contribution Amount, as applicable.
Applicable to Employees Whose Positions Were in Unit I (BTU Teachers) or Unit II (Public School Administra- tors and Supervisors Association) on June 30, 2010: A roster shall be developed and maintained through- out the year of those employees who 1) were moved to Unit III as a result of the Board Resolution of June 8, 2010, 2) have current MSDE certification, and 3) re- quest transfers into positions in Unit I.
Upon delivery of such items by the Escrow Agent, Highstar shall be deemed to have made a capital contribution to the Company in an amount equal to the Highstar Additional Capital Contribution Amount and MSW shall be deemed to have made a capital contribution to the Company in an amount equal to the MSW Additional Capital Contribution Amount.
The MSW Additional Capital Contribution Amount and the MSW Backup Equity Contribution Letter of Credit shall be held by the Escrow Agent in accordance with the terms of the Escrow Agreement.
The Additional Capital Contribution Amount must be deposited into the Capital Deposit Account within a period specified by the Company.
After this period, if the Client fails to deposit the Additional Capital Contribution Amount and the Deposit Ratio is lower than the Initial Deposit Ratio, the Company may close part or all of the Position of the Client so that, at least, the Deposit Ratio is equal to the Initial Deposit Ratio.
The Non-Managing Member shall have the right, at any time within five business days after the date of delivery of an Additional Capital Contribution Notice, to contribute to the Company its pro rata share (based on its Unrecovered Contributions as a percentage of all Unrecovered Contributions of all the Members) of such Additional Capital Contribution Amount.
In the event that a Call Notice is delivered to the Members, each Member shall, on or before the Call Date, make a Capital Contribution to the Company in an amount equal to its then current Percentage Interest multiplied by the applicable amount of the Shortfall or the Additional Capital Contribution Amount, as applicable.