Contribution Obligations definition
Examples of Contribution Obligations in a sentence
Any payments hereunder to be made by the Committed Party will be due and payable within ten (10) business days after notice from New Company and SPGLP stating the amount of the Capital Contribution Obligations, as determined in accordance with the provisions of Section 3 of this Agreement, accompanied by support documentation adequate to substantiate the amount due.
All “Contribution Loans” and “New Partner Loans” (as those terms are defined in the Prior Agreement) outstanding as of the Effective Date shall be paid on the same terms applicable to Capital Contribution Obligations as set forth in Section 3.7.2 above; provided, that no Supplemental Capital Contribution Amounts will accrue with respect to Contribution Loans.
Notwithstanding anything contained herein, in no event shall Landlord and its general partners be required to pay more than $10,000,000 (as such amount is adjusted pursuant to Paragraph 41 hereof) in discharge of the Special Contribution Obligations described herein or in the Other Leases.
The LVP Parties shall designate the initial amounts of the Capital Contribution Obligations on the Closing Date on Schedule E, and such amounts shall be increased from time to time pursuant to the terms of the Capital Contribution Agreements.
Upon a default of ▇▇▇▇.▇▇▇’s Contribution Obligations, the Company shall exercise its rights in its security interest in the Purchased Units, as provided in Section 5.07 of the LLC Agreement.
Customers seeking open credit terms are required to complete the Lennox Industries credit application.
The Tenant acknowledges and undertakes that any investment made in the apartment, insofar as she/he invests and/or any renovation that she/he will make in the apartment, should she/he do so, will not grant her/him any right under the Tenant Protection Law.
The obligations of TechForce and Customer under this Section 8(b) (collectively, "Indemnity and Contribution Obligations") shall survive the cancellation or termination of this Agreement.
Release of Capital Contribution Obligations..................................................
Each Borrower hereby postpones and subordinates payment of all the Contribution Obligations, and makes all the Contribution Obligations subject in right of satisfaction, payment and performance, to the full and absolute payment of the Loan and any other Obligations.