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 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.

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.

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.

• 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.

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

• 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.

• 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.

• 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.

• 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").

• MacKenzie ------------------------------------- Name: Title: GUARANTY By its execution hereof, WELLSFORD RESIDENTIAL PROPERTY TRUST, a Maryland real estate investment trust ("WRPT"), hereby guarantees to Al Feld ("Feld") that Wellsford Park Highlands Corp., a Colorado coxxxxxxxon, xxxll 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").

• Xxxxxxx Xxxxxxxxx Facsimile: 000-000-0000 Email: xxxxxxxxxx@xxxxxxxxx.xxx Closing Capital Contribution: $131,250,000 35% Crestwood Marcellus Holdings LLC Xxxxx X.

• All Capital Contributions shall be deemed to be Required Capital Contributions until such time as the applicable Partner has contributed an amount in cash or property (excluding its Pre-Closing Capital Contribution, Closing Capital Contribution, and contributions under the applicable Contribution Agreement) having an Agreed Value equal to its Maximum Capital Contribution Obligation, and thereafter all such Capital Contributions with respect to such Partner will be Non-Required Capital Contributions.

More Definitions of Closing Capital Contribution

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