Closing Capital Contribution definition

Closing Capital Contribution means the Capital Contribution to be made by the Members at or prior to the closing of the purchase of the Xxxxxx Xxxxxxxxx Midstream Gathering System under the AMG Purchase Agreement, which Capital Contribution shall be in the amount specified opposite the name of each Member in Exhibit A.

Closing Capital Contribution means with respect to each of Tune and MTVNS and their respective Affiliates, an amount in cash such that, after taking into account such amount and the parties' Pre-Closing Capital Contributions (which shall be deemed to have been contributed as Capital Contributions to the Partnership), the parties' respective total Capital Contributions to the Partnership, prior to giving effect to any of the contributions to be made to the Partnership pursuant to the applicable Contribution Agreements, reflect their respective percentage Partnership Interests.

Closing Capital Contribution the capital contribution from Holdco to be received by the Borrower on the Closing Date in the amount of $43,100,000 to be used by the Borrower to prepay in part the Debt then outstanding under the Existing Credit Facility.

Examples of Closing Capital Contribution in a sentence

• The Members acknowledge that each Member has previously funded Approved Pre-Effective Date Costs, and accordingly, each Member’s Closing Capital Contribution includes the amount of the Approved Pre-Effective Date Costs previously funded by such Member.

• WRP shall guaranty the obligation of WPHC to make the Final Closing Capital Contribution by executing the Guaranty attached hereto.

• The exercise by WPHC of the Call Option described in item (i) of this Section is conditioned on WPHC performing its obligation to make the Final Closing Capital Contribution when and as required under this Agreement.

• Feld shall provide evidence sxxxxfactory to WPHC that the principal amount of the Construction Loan and all accrued interest thereon have either been paid in full or will be paid in full from the proceeds of the Final Closing Capital Contribution immediately upon the funding of the Final Closing Capital Contribution.

• Xxxx shall provide evidence satisfactory to WPHC that the principal amount of the Construction Loan and all accrued interest thereon have either been paid in full or will be paid in full from the proceeds of the Final Closing Capital Contribution immediately upon the funding of the Final Closing Capital Contribution.

• Xxe exercise by WPHC of the Call Option xxxcribed in item (i) of this Section is conditioned on WPHC performing its obligation to make the Final Closing Capital Contribution when and as required under this Agreement.

• At the Closing each Partner shall make a Closing Capital Contribution in the amount set forth opposite its name on Schedule 1, and the Capital Accounts will be credited with ---------- the amounts of such Capital Contributions.

• XxxXxxxxx Title: Vice President GUARANTY By its execution hereof, WELLSFORD RESIDENTIAL PROPERTY TRUST, a Maryland real estate investment trust ("WRPT"), hereby guarantees to Xx Xxxx ("Xxxx") that Wellsford Park Highlands Corp., a Colorado corporation, shall timely and fully satisfy its obligation to fund the Final Closing Capital Contribution when, as and if required by the foregoing Operating Agreement, as such Agreement may be amended from time to time (the "Obligation").

• In consideration of the early funding of the Final Closing Capital Contribution and the early payment of the Construction Loan by WPHC, Feld agrees, for himsxxx and his heirs, personal representatives, successors and assigns, that the acceleration of the payment of a portion of the Incentive Fee and the calculation of the Incentive Fee as equal to the Target Fee, all as provided for in Paragraph 4 of Exhibit P to the Operating Agreement, are hereby irrevocably waived by Feld.

• MacKenzie Title: Vice President GUARANTY By its execution hereof, WELLSFORD RESIDENTIAL PROPERTY TRUST, a Maryland real estate investment trust ("WRPT"), hereby guarantees to Al Feld ("Feld") that Wellsford Xxxx Xighxxxxs Corp., a Colorado corporation, shall timely and fully satisfy its obligation to fund the Final Closing Capital Contribution when, as and if required by the foregoing Operating Agreement, as such Agreement may be amended from time to time (the "Obligation").

More Definitions of Closing Capital Contribution

Closing Capital Contribution has the meaning assigned to it in Section 3.1.1(a).