Capital Contribution Commitment definition

Capital Contribution Commitment means the amount (as set forth on SCHEDULE 6 to the Loan Agreement) of obligations of each Member of Borrower to make capital contributions to Borrower during the calendar year 2000. This is an unconditional guaranty of payment, and not a guaranty of collection, and Lender may enforce Guarantor's obligations hereunder without first suing, or enforcing its rights or remedies against, Borrower or any other obligor, or enforcing or collecting any present or future collateral security for any of the Guaranteed Debt. Lender may not enforce Guarantor's obligations to make payments hereunder before October 1, 2000.
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Capital Contribution Commitment has the meaning set forth ------------------------------- in Section 3.1(c).
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Capital Contribution Commitment means, with respect to each of the Units, the irrevocable commitment of the Unit Holder to contribute up to $25,000 per Unit to the Company, as required by the terms of Section 3.2 of the LLC Agreement.
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Examples of Capital Contribution Commitment in a sentence

  • As used herein, the term "PRO RATA PORTION" means a percentage equal to the proportion that (a) Guarantor's total Capital Contribution Commitment (defined below) bears to (b) the aggregate Capital Contribution Commitments of all Members that have executed and delivered to Lender a Guaranty in the form of EXHIBIT B to the Loan Agreement and all other Loan Documents applicable to each such Member.

  • Each Member shall be liable only to satisfy such Member’s Capital Contribution Commitment to the Company, if applicable, and the other payments provided for expressly herein.

  • The Board of Directors may at any time on or after the date hereof, upon at least thirty (30) days prior notice of the date upon which an amount is to be due, demand payment of all or any portion of any balance of a Member’s Initial Capital Contribution Commitment or any additional Capital Contributions approved by the Board of Directors as contemplated under Section 3.1(b).

  • Upon the admission of an Additional Member, the Schedule of Members attached hereto as Schedule II shall be amended to reflect the name, address, Percentage Interest, and Capital Contribution Commitment of such Additional Member.

  • Notwithstanding anything herein to the contrary, the Board of Directors will not demand payment of a Capital Contribution Commitment from a Member unless such demand is made on all such Members, pro rata, based upon the relative unpaid balances of their respective Capital Contribution Commitments.

  • The failure of a Member to pay all or any portion of such Member’s Capital Contribution Commitment when due or the commencement of a proceeding in bankruptcy or insolvency by or against a Member when there are still unpaid amounts of such Member’s Capital Contribution Commitment, which proceeding, if involuntary, is not dismissed within ninety (90) days of the commencement thereof, shall constitute an event of default (“Default”).

  • For purposes of Section 2.2(c)(ii), Special Default Percent shall be defined, as of any date, as the difference between (A) one hundred percent (100%) and (B) the percent determined by dividing twenty five percent (25%) of the sum of the Initial Purchase Price and the Purchaser's paid Series A-___ Pro Rata Capital Call Amounts cumulatively through that date by the Total Capital Contribution Commitment of the Purchaser as set forth on Exhibit A hereto.

  • All Capital Contributions shall be made not later than the Capital Contribution Dates set by the Manager with respect thereto in accordance with Section 2.5. No Member shall be required to make Capital Contributions in excess of such Member’s Capital Contribution Commitment, except as otherwise provided in Section 2.1(c) below.

  • The parties further acknowledge that a Member may Transfer its Membership Interest to an Affiliate of that Member, so long as the Transferee Affiliate agrees in writing to be bound by the terms of this Agreement; provided however, that such Transfer will not relieve the Transferor from any of its obligations under this Agreement, including its obligations with respect to its Capital Contribution Commitment.

  • Hourly Labor Rate for Standby Or 24 Hour On-Call Fee $ Per Hour During County Designated Emergencies(Snowstorms, Hurricanes, Etc.) CONDITIONS OF CONTINGENT ITEM:Standby or On-Call Fee is defined as a flat fee per hour the Contractor receives for having standby personnel and equipment, ready and available during County designated emergencies.


More Definitions of Capital Contribution Commitment

Capital Contribution Commitment means, with respect to each Member, such Member’s Initial Capital Contribution Commitment, plus any additional Capital Contributions that such Member is obligated to make under Section 3.1(b).
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Capital Contribution Commitment means (a) an Annual Business Plan Capital Contribution Commitment, or (b) a Three-Year Business Plan Capital Contribution Commitment.
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Capital Contribution Commitment means the amount set forth on Schedule 2.1(a) as the total initial Capital Contribution (exclusive of any Senior Equity Capital Contribution) on a per-Member basis.
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Capital Contribution Commitment means, with respect to each of the Units (or a fractional interest therein) offered under Section 3.2, the irrevocable commitment of the Unit Holder to contribute to the Company up to $25,000 per Unit as required by Section 3.2.
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Capital Contribution Commitment means, for each Member, the amount specified in Schedule I.
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Capital Contribution Commitment. Means (i) prior to the occurrence of the Ballot Initiative Date, and after the entire Catch-Up Contribution has been made by Low, 70% of the Company’s operating expenses with respect to Low and 30% of the Company’s operating expenses with respect to Southwest, provided that the aggregate operating expenses of the Company do not exceed $10,000,000 unless such operating expenses have been approved in advance by the Board; and (ii) During the Pre-Development Stage, 70% of the Company’s operating expenses with respect to Low and 30% of the Company’s operating expenses with respect to Southwest provided that such operating expenses of the Company have been approved in advance by the Board, and after the occurrence of the Construction Date, 70% of the Company’s operating expenses with respect to Low and 30% of the Company’s operating expenses with respect to Southwest, provided that the aggregate operating expenses of the Company (including those incurred prior to the Construction Date) cannot exceed $110,000,000 unless both Low and Southwest have given their prior written consent to such increase.
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Related to Capital Contribution Commitment

  • Capital Commitment means, for any Borrower, the capital commitment of its Investors in the amount set forth in the applicable Subscription Agreements; “Capital Commitments” means all such Capital Commitments, collectively.

  • Initial Capital Contribution has the meaning set forth in Section 4.1.

  • Additional Capital Contribution has the meaning set forth in Section 3.02.

  • Additional Capital Contributions shall have the meaning set forth in Section 5.3.

  • Initial Capital Contributions has the meaning set forth in Section 5.1.

  • Unreturned Capital Contributions means all Capital Contributions made by a Class A Member less any returned capital.

  • Capital Contributions means, with respect to any Member, the amount of money (US Dollars) and the initial Gross Asset Value of any assets or property (other than money) contributed by the Member (or such Member’s predecessor in interest) to the Company (net of liabilities secured by such contributed property that the Company is considered to assume or take subject to under Code Section 752) with respect to the Units in the Company held or purchased by such Member, including additional Capital Contributions.

  • Initial Contribution means that contribution each Participant has made or agrees to make pursuant to Section 5.1.

  • Total Commitment Amount means, at any particular time, the aggregate of the Individual Commitments of all of the Lenders at such time.

  • Capital Contribution means any cash, cash equivalents or the Net Agreed Value of Contributed Property that a Partner contributes to the Partnership.

  • L/C Commitment Amount has the meaning given to that term in Section 2.3.(a).

  • Initial Commitment means, as to the Lender, its obligation to make an Initial Loan to the Borrower pursuant to Section 2.01(a) in an aggregate amount not to exceed the amount set forth opposite the Lender’s name in Schedule 1.01A under the caption “Initial Commitment”, as such amount may be adjusted from time to time in accordance with this Agreement (including Section 2.14). The initial aggregate amount of the Initial Commitments is $75,000,000.

  • Cash Contribution Amount means the aggregate amount of cash contributions made to the capital of the Issuer or any Guarantor described in the definition of “Contribution Indebtedness.”

  • Class B Initial Invested Amount means the sum of the aggregate initial principal amount of the Class B Certificates, which is $48,000,000 on the Closing Date, and the aggregate initial principal amount of any Additional Class B Certificates.

  • Class B Invested Amount means, on any date of determination, an amount equal to (a) the Class B Initial Invested Amount, minus (b) the aggregate amount of principal payments made to the Class B Certificateholders prior to such date, minus (c) the aggregate amount of Class B Investor Charge-Offs for all prior Distribution Dates, minus (d) the amount of Reallocated Principal Collections allocated on all prior Distribution Dates pursuant to subsection 4.08(a) (excluding any Reallocated Principal Collections that have resulted in a reduction in the Collateral Invested Amount pursuant to Section 4.08), minus (e) an amount equal to the amount by which the Class B Invested Amount has been reduced on all prior Distribution Dates pursuant to subsection 4.06(a) and plus (f) the amount of Excess Spread and Excess Finance Charge Collections allocated and available on all prior Distribution Dates pursuant to subsection 4.07(e) for the purpose of reimbursing amounts deducted pursuant to the foregoing clauses (c), (d) and (e); provided, however, that the Class B Invested Amount may not be reduced below zero.

  • Additional Contribution Each Member's pro-rata portion of a Required Amount, determined by multiplying the Required Amount by each Member's Interest.

  • Commitment Amount means, as the context may require, the Revolving Loan Commitment Amount, the Letter of Credit Commitment Amount or the Swing Line Loan Commitment Amount.

  • Revolving Commitment Amount means the Revolving Commitment amount (if any) set forth adjacent to such Lender’s name on Schedule A attached hereto (or, in the case of any Lender that became party to this Agreement after the Closing Date pursuant to Section 16.3(c) or (d) hereof, the Revolving Commitment amount (if any) of such Lender as set forth in the applicable Commitment Transfer Supplement).

  • Aggregate Revolving Commitment Amount means the aggregate principal amount of the Aggregate Revolving Commitments from time to time. On the Closing Date, the Aggregate Revolving Commitment Amount is $300,000,000.

  • Incremental Commitment shall have the meaning set forth in Section 2.23.

  • Aggregate Term Loan Commitment means the combined Term Loan Commitments of the Lenders, which shall initially be in the amount of $90,000,000, as such amount may be adjusted as permitted by this Agreement.

  • Capital Call The meaning as set forth in Section 3.2 hereof.

  • Additional contributions means contributions made by a member of a defined benefit plan to

  • Cash Contribution refers to a direct payment of Contribution in Canadian currency.

  • Loan Commitment means a statement transmitted in writing or electronically by a mortgage lender setting forth the terms and conditions upon which the mortgage lender is willing to make a particular residential mortgage loan to a particular borrower.

  • Revolving Loan Commitment Amount means, on any date, $30,000,000, as such amount may be reduced from time to time pursuant to Section 2.2.