Additional Contribution Amount definition
Examples of Additional Contribution Amount in a sentence
The rights and remedies of the Non-Failing Partner and the Partnership set forth in this Section 4.2 with respect to a failure by a Partner to contribute its Additional Contribution Amount pursuant to a request for additional capital contributions under Section 4.1 shall not be exclusive and shall be in addition to any and all other rights and remedies that the Partnership or the Non-Failing Partner may have at law or in equity against the Failing Partner with respect to such failure.
Each Partner shall furnish its Additional Contribution Amount to the Partnership within 10 Business Days following the date of delivery of the applicable Funding Notice.
Notwithstanding the foregoing, no Member shall have the right or obligation to make its additional Capital Contribution with respect to an Investment Opportunity if any other Member fails to contribute all or any portion of its Additional Contribution Amount for such Investment Opportunity.
The Gross Asset Values of the Assets shall be increased to the extent of the Prudential Additional Contribution Amount actually paid, with such adjustment being allocated solely to the Capital Account of CPI.
The rights and remedies of the Non-Failing Member and the Company set forth in this Section 4.4 with respect to a failure by a Member to contribute its Additional Contribution Amount pursuant to a request for additional capital contributions under Section 4.3 shall be the exclusive remedies available to the Company and the Non-Failing Member against the Failing Member with respect to such failure.
The rights and preferences proposed by the Manager for the Additional Contribution Amount shall be pari passu with the rights and preferences of the Interests then outstanding.
If any Member elects not to make an Additional Capital Contribution (a “Non-Electing Member”), the Holding Company shall be obligated to increase its Additional Capital Contribution by an amount equal to the Non-Electing Member’s proportionate share of the Additional Contribution Amount.
Each Member shall furnish its Additional Contribution Amount to the Company within 7 days following the date of delivery of the notice requesting such funds.
Each other Member shall be entitled to demand immediate repayment of such amounts held in trust made by such Member with respect to such Additional Contribution Amount.
After the first Approved Business Combination Transaction, any Holder may elect to exchange (such exchange, the "Additional Contribution") Nonconvertible Notes for Convertible Notes in an amount equal to such Holder's Business Combination Pro Rata Transaction Amount or BT Redemption Amount, as applicable (the "Additional Contribution Amount").