Capital Contribution Agreements definition
Examples of Capital Contribution Agreements in a sentence
The LVP Parties shall designate the initial amounts of the Capital Contribution Obligations on the Closing Date on Schedule E, and such amounts shall be increased from time to time pursuant to the terms of the Capital Contribution Agreements.
The Partnership and ▇▇▇▇▇▇ each agree to enter into the respective Capital Contribution Agreements, and ▇▇▇▇▇▇ to the extent it receives funds from the Partnership in respect of these Bank Legacy Commitments and the Partnership to the extent it pays funds in respect thereof (a "Bank Legacy Contribution") agree to pay over such funds as the bank requesting the contribution may direct.
The Partnership may from time to time be required to contribute to the capital of or to provide funds in respect of the Senior Credit Facilitites of the ▇▇▇▇▇▇ subsidiaries U.S. Rubber and United respectively pursuant to the terms of certain Capital Contribution Agreements by and among U.S. Rubber, the Partnership, ▇▇▇▇▇▇ and Bank One, Indiana, N.A. in respect of U.S. Rubber and by and among United, the Partnership, ▇▇▇▇▇▇ and the Senior Lender to United selected by the Partnership.
In accordance with the terms of this Section 3.6 and Section 7.2A below, Strides hereby irrevocably authorizes and instructs the Company to apply any return of a Capital Contribution to which Strides is eligible to receive under this Agreement to the repayment of the Strides Capital Contribution Agreements, until paid in full.
Notwithstanding the foregoing, the Manager appointed by Strides shall be automatically removed, with no action required by the Company or any other Member or other Manager immediately upon the occurrence of (i) a default by Strides under the Strides Capital Contribution Agreements, or (ii) the Company becoming eligible to receive any amount under the Letter of Credit pursuant to the terms of the OEM Agreement.
Pursuant to the Capital Contribution Agreements, each of the persons listed on Exhibit A hereto as of the Effective Date has contributed all of such person’s respective limited liability company interests in TWMH, TIG GP and/or TIG MGMT, as applicable, in exchange for the number and class of Units set forth opposite such person’s name on Exhibit A hereto as of the Effective Date.
Simultaneously with the execution of this Agreement, the Partners shall each contribute to the Partnership their interests in Parnassos pursuant to the Contribution and Assignment Agreement (99% Interest) and the Contribution and Assignment Agreement (1% Interest) (the "Capital Contribution Agreements").
Immediately upon each receipt by the Company of any amount in full or partial payment of the Strides Capital Contribution Agreements, including amounts received under the Letter of Credit, such amount shall be paid to Akorn to be applied to amounts due under the Akorn Draw Down Note, until the Akorn Draw Down Note is paid in full.
Except as otherwise provided in this Agreement, no Member shall have priority over any other Member regarding the return of a Capital Contribution; provided, however, that until all amounts due and payable under the Strides Capital Contribution Agreements and the Akorn Draw Down Note have been paid in full, any return of a Capital Contribution which Strides is eligible to receive under this Agreement shall be applied first to the repayment of the Strides Capital Contribution Agreements.
Except as provided in the Capital Contribution Agreements, no Partner will be required to make contributions to the Partnership and the negative Capital Account balance of a Partner shall not be considered an asset of the Partnership.