Examples of Cash Call Notice in a sentence
The Operator must, after having made such a calculation, notify the Participants of their respective Participating Interests and of the date on which the calculation of the Participating Interest was made by incorporating that information within the Cash Call Notice referred to above.
Notwithstanding the foregoing, if the Bxxxx Co-Tenants do not timely fund their 10% share, then the Company shall be required to fund the full one hundred percent (100%) of the amount required pursuant to the Cash Call Notice (of which 90% shall be funded by the BR Member and 10% shall be funded by the Catalyst Member as an Additional Capital Contribution pursuant to this Agreement).
Each Co-Tenant shall deliver to BR CDP said Co-Tenant’s Pro Rata Share of the Additional Cash Contribution as set forth in the Cash Call Notice within fourteen (14) days from the date of said notice.
Any Cash Call Notice must not be issued more than 40 Business Days but not less than 30 Business Days in advance of the calendar quarter to which the Cash Call Notice relates.
For example, to estimate the value to residents of a new train station, a study may examine house prices beside a train station (1) before it is announced, (2) after it is announced but before it is built, and (3) after it is built, all relative to house prices elsewhere.
Each Cash Call Notice shall set forth: (i) the total amount of the Additional Cash Contribution; (ii) each Co-Tenant’s Pro Rata Share thereof; and (iii) the specific proposed use of the funds requested.
All contributions to Joint Venture Expenditures required to be made by a Participant under this Agreement must be made by that Participant paying to the Operator, on or before the first day of the quarter to which the Cash Call Notice relates, the amount stated in the Cash Call Notice as being the amount due to be contributed by that Participant.
If Duke and Commander do in fact make their Additional Cash Contributions as required under a Cash Call Notice, they shall be entitled to repayment on a fourth priority basis as provided in Section 10(b)(D) below.
If a Participant’s Participating Interest is diluting in accordance with this Article 11, then calculations of Participating Interests must be made by the Operator prior to the next Cash Call Notice it prepares (and such a determination must also be made immediately upon a Participant, whose Participating Interest has been diluting, again becoming entitled and obliged to contribute to Joint Venture Expenditures).
Every payment made by a Participant will be without prejudice to the right of that Participant to seek an adjustment in respect of any error in a Cash Call Notice.