Closing Contribution definition
Examples of Closing Contribution in a sentence
As of the Closing Date, the interest of the Organizational Limited Partner shall be redeemed as provided in the Closing Contribution Agreement; the initial Capital Contributions of the Organizational Limited Partner shall thereupon be refunded; and the Organizational Limited Partner shall cease to be a Limited Partner of the Partnership.
For the avoidance of doubt, the remedies described in this Section 3.2.1(d) shall be the Non-Defaulting Member’s and the LLC’s sole and exclusive remedies against the Defaulting Member with respect to such Defaulting Member’s failure to fund a Closing Contribution.
The Closing Contribution Cash Consideration shall be subject to adjustment following the Closing in accordance with Section 2.3.
As of the Closing Date, the interest of the Organizational Limited Partner shall be redeemed as provided in the Closing Contribution Agreement; the initial Capital Contributions of each Partner shall thereupon be refunded; and the Organizational Limited Partner shall cease to be a Limited Partner of the Partnership.
On November 3, 2004, Shipping Master contributed to the Company its interests in Transport, Chemical Transport and Vessel Management (each term as defined in the Closing Contribution Agreement).
If, after the Seller closes the books of the UrbanNet Business as of the First Closing Date, either or both of the actual UrbanNet Closing Contribution Amount and UrbanNet Closing Distribution Amount are different from those amounts set forth in the certificate delivered to Buyer prior to the First Closing Date, then appropriate adjustment payments shall be made promptly by Buyer to Seller or by Seller to Buyer, as the case may be.
The consummation of the Closing Contribution (the “Closing”) will take place as soon as practicable but in any event not later than the third Business Day following the date on which the last of the conditions set forth in Section 9 has been satisfied or waived (other than those conditions that by their nature can only be satisfied at the Closing, but subject to the satisfaction or waiver of such conditions), or at such other time and place as ▇▇▇▇ III OP and the Sponsors may agree in writing.
At least one Business Day prior to the Inland PSA Closing Date, each Member shall make a Capital Contribution equal to its Inland PSA Closing Contribution Percentage of (i) the Inland PSA Closing Required Funds, minus (ii) the amount of the Inland PSA Closing Required Funds to be paid by OpCo (all as reasonably calculated by NS Managing Member).
The Closing Contribution may not be fully agreed to as of the Agreement Date because the transaction has not developed sufficiently to arrive at a firm estimate of future stewardship needs.
For the avoidance of doubt, MHR shall be entitled to make a MHR Catch-Up Contribution in respect of the MSI November Contribution, but MHR shall not be entitled to make a MHR Catch-Up Contribution in respect of the MSI Interim Closing Contribution.