Call Contribution definition
Examples of Call Contribution in a sentence
If each Partner makes its Requested Premium Call Contribution, the amounts so contributed will not be treated as Premium Dollars.
If any Partner fails to make its Requested Premium Call Contribution, then all amounts contributed pursuant to this Section 2.4(a)(v) with respect to such Premium Call shall be treated as Premium Dollars.
Each Partner, including the Declining Partner, shall have the right to make an Additional Capital Contribution in response to a Premium Call in an amount which represents the same percentage of the amount of the Second Tranche Call requested in the Premium Call Notice as such Partner's Percentage Interest as of the date of such Premium Call Notice (the "Requested Premium Call Contribution").
If the Development Service Contribution Amount for any Project Entity exceeds ALE's Mandatory Capital Call Contribution to such Project Entity, such excess shall be payable by such Project Entity to ALE in cash in the manner set forth in the following sentence.
If any Member fails to make its Capital Call Contribution, the Managers shall adjust the Sharing Ratios so that each Member’s Sharing Ratio, on and after the date of such Capital Call Contribution, shall be the ratio that the aggregate amount of Capital Contributions made to the Company by such Member bears to the aggregate amount of Capital Contributions made by all of the Members.
Additional equity capital beyond the Mandatory Capital Call Contribution amounts for a Project Entity will be contributed only upon the mutual agreement of the equity owners of such Project Entity.
Mandatory Capital Call Contribution" means the funding of equity obligations, either in the form of contributions of equity capital to a Project Entity and/or the provision of services, as required of each party hereto by the Operating Agreement for such Project Entity.
In addition, upon a failure to meet a Mandatory Capital Call Contribution for any Project Entity, the Non-Defaulting Party shall also have the right pursuant to the provisions of the applicable Operating Agreement to designate a majority of the governing board of, and otherwise assume control of, such Project Entity, and to terminate any one or more Ancillary Agreements between such Project Entity and the Defaulting Party or its Affiliates.
Any Capital Call Contributions will be due within thirty (30) days of the Company’s notice to the Member requesting the Capital Call Contribution.
Mandatory Capital Call Contribution..................................................