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 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.

Examples of Capital Contribution Commitment in a sentence

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.
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.
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.
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.
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).

More Definitions of Capital Contribution Commitment

Capital Contribution Commitment means (a) an Annual Business Plan Capital Contribution Commitment, or (b) a Three-Year Business Plan Capital Contribution Commitment.

Capital Contribution Commitment has the meaning set forth ------------------------------- in Section 3.1(c).

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.

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.

Capital Contribution Commitment means, for each Member, the amount specified in Schedule I.

Capital Contribution Commitment has the meaning specified in Section 3.1 of this Agreement.

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). “CBA Permitted Transfer” has the meaning set forth in Section 9.1. “CCB Florida” has the meaning set forth in the recitals. “CCR” has the meaning set forth in the recitals. “CCR Note” has the meaning set forth in the recitals. “CCR Refranchising Transactions” has the meaning set forth in Section 11.2(a). “Certificate of Formation” has the meaning set forth in the recitals. “Chief Executive Officer” has the meaning set forth in Section 7.3(b)(i). “Chief Financial Officer” has the meaning set forth in Section 7.3(b)(ii).