Examples of Contribution Obligation in a sentence
Within five days of the Final Effective Date, Ford transferred to the Existing External VEBA $33 million in satisfaction of the Stock Contribution Obligation, as described in Section 13.C of the Xxxxxxxx I Settlement Agreement.
Within five days of the Final Effective Date, Ford shall transfer to the Existing External VEBA $33 million in satisfaction of the Stock Contribution Obligation, as described in Section 13.C of the Xxxxxxxx I Settlement Agreement.
The District and Howard intend to pay Project Costs as they are incurred and to that end agree in this Agreement to fund an Escrow Account in stages or otherwise as appropriate in connection with the requirements of the Financing Commitment so that incurred Project Costs may be paid when payment is required even though the Total Contribution Obligation of either party has not been funded or deposited into the Escrow Account.
Unless otherwise agreed by the parties in a written agreement, each of the District’s Grant and Xxxxxx’x Contribution shall not exceed a total of the Total Contribution Obligation.
Investment and interest earnings in the Escrow Account shall not offset or reduce the Total Contribution Obligation of each party.