Advance of Capital definition

Advance of Capital has the meaning set forth in Section 4.3.
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Advance of Capital means, with respect to a Designated System that is under the EEC Category, an amount specified in Schedule A (and Schedule B, if applicable) to the Product Order that is applicable to such Designated System. For the avoidance of doubt, an Advance of Capital payment in respect of a Designated System shall be treated as an advance payment in respect of Product from that Designated System and any event that leads to a removal of such Designated System shall require Seller to return the portion of such Advance of Capital amount to Buyer associated with compliant RECs that are paid for, but not Delivered by Seller to Buyer.
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Examples of Advance of Capital in a sentence

  • If Seller has received any Advance of Capital, Seller shall return such Advance of Capital in accordance with Section 5.6.

  • Such Advance of Capital plus interest at the Advance Rate shall be repaid from the other Members’ Capital Contributions under Section 4.1, with any unreturned Advance of Capital plus interest at the Advance Rate paid as set forth in Section 6.2; provided that an Advance of Capital outstanding for less than three business days shall not bear interest.

  • A Member may, with Prior Manager Approval and in its discretion, make loans of cash or other property (each, an “Advance of Capital”) to temporarily fund the Company until Capital Contributions are made by the other Member as set forth in Section 4.2; provided that such Member has made all Capital Contributions required to be made by such Member pursuant to Contribution Notices issued prior to the date of the applicable Advance of Capital.

  • Subject to the special allocations set forth in Section 6.1(e), the items of income, expense, gain and loss of the Company comprising Profits or Losses for a Fiscal Year shall be allocated (after taking into account any interest expense incurred on Advance of Capital) among the Persons who were Members during such Fiscal Year pro rata based on their relative Percentage Interests.

  • Upon the issuance of such written notice to Buyer and Seller, the Designated System shall be so removed, and Buyer shall be entitled to payment by Seller in the amount equal to the sum of: (i) the Collateral Requirement estimated at the time of such non-conformance associated with such Designated System and (ii) one hundred percent (100%) of the total payments, including any Advance of Capital, Seller has received from Buyer associated with RECs from such Designated System.

  • If such Advance of Capital is approved by the IPA, the IPA shall provide to Buyer and Seller written notice of such approval and a revised Schedule A to the Product Order for such Designated System indicating the date of approval for the payment of the Advance of Capital by Buyer to Seller, and the amount approved by the IPA for disbursement.

  • If a Designated System is under the Equity Eligible Contractor Category, Schedule A to the Product Order for such Designated System shall indicate the Advance of Capital amount requested by Seller in its ABP Part I Application.

  • If Seller has received any Advance of Capital, Seller shall return such Advance of Capital in accordance with Section 5.6 Resulting payment: Seller owes $0 to Buyer.

  • Notwithstanding the foregoing in Section 5.1 and Section 5.2, any invoice for the Advance of Capital shall be invoiced separately, and there is no requirement for such invoice to be accompanied by a Quarterly Netting Statement.

  • If Seller has received any Advance of Capital, Seller shall return such Advance of Capital in accordance with Section 5.6 Resulting payment: Seller pays the sum of (i) the Collateral Requirement with respect to such Designated System and (ii) one hundred percent (100%) of the total payments Seller has received from Buyer associated with RECs from such Designated System, including any Advance of Capital.

Related to Advance of Capital

  • Cost of Capital means the Company’s weighted cost of equity plus its weighted cost of debt, expressed as a percentage, as determined by the Committee in a manner consistent with the Manual.

  • Distributions means amounts payable in respect of the Trust Securities as provided in Section 4.1.

  • Set-Aside means 1) a specific type of housing development category that the ADOH has identified as a priority for allocating tax credits; or 2) an identified number of housing units that the Owner will agree to be held for use by tenants with a certain level of income or by tenants in a particular group as described in Section 2.6 of this QAP.

  • Interest Reserve Account The trust account or subaccount created and maintained by the Certificate Administrator pursuant to Section 3.23 of this Agreement, which (subject to any changes in the identities of the Trustee and/or the Certificate Administrator) shall be entitled “Citibank, N.A., as Certificate Administrator, on behalf of Wilmington Trust, National Association, as Trustee, for the benefit of the registered Holders of Benchmark 2019-B12 Mortgage Trust, Commercial Mortgage Pass-Through Certificates, Series 2019-B12, Interest Reserve Account” and which shall be an Eligible Account.

  • Junior Subordinated Payment has the meaning specified in Section 13.2.

  • Dividend means any dividend (whether interim or final) resolved to be paid on Shares pursuant to the Articles.

  • CET1 Capital means at any time, the common equity tier 1 capital of the Bank or the Group, respectively, as calculated in accordance with Chapter 2 (Common Equity Tier 1 capital) of Title I (Elements of own funds) of Part Two (Own Funds) of the CRR and/or Applicable Banking Regulations at such time, including any applicable transitional, phasing in or similar provisions;

  • Dividends shall have the meaning provided in Section 10.6.

  • Principal Proceeds means, with respect to any Collection Period or the related Determination Date, all amounts received by the Borrower during such Collection Period that do not constitute Interest Proceeds, including unapplied proceeds of the Advances and any amounts received by the Borrower as equity contributions (howsoever designated).

  • Distribution means a distribution payable to Holders of Securities in accordance with Section 5.1.

  • Capital Costs means an add-on to the blended base amount, which shall compensate for Medicaid’s portion of capital costs. Capital costs for buildings, fixtures and movable equipment are defined in the hospital’s base year cost report, are case-mix adjusted, are adjusted to reflect 80 percent of allowable costs, and are adjusted to be no greater than one standard deviation off the mean Medicaid blended capital rate.