Defaulted Contribution definition

Defaulted Contribution is defined in Section 5.4.
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Defaulted Contribution is defined in Section 3.3.1 hereof.
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Defaulted Contribution has the meaning set forth in Section 4.03(c).
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Examples of Defaulted Contribution in a sentence

  • Effective immediately upon the occurrence of a Class B Contribution Default, and for as long thereafter as such Class B Contribution Default shall be continuing, the Class B Defaulted Contribution then due and payable shall bear interest at a rate that is equal to 8%, calculated on a per annum basis, and such amounts shall be immediately due and payable by the Class B Members upon the Class A Member’s demand.

  • In the case of a replacement Capital Contribution as described in this Section 3.3.1, only the contributing Member’s Capital Account will be credited with the Defaulted Contribution Amount so contributed by it, and in such event, all Percentage Interests shall thereupon be adjusted as provided in Exhibit B attached hereto.

  • Transferee agrees to make, or to cause to be made, all capital contributions due after the Notice Date and prior to the Effective Time or the Closing, as the case may be, to the extent any such capital contribution, if not made, would constitute a Defaulted Contribution (as defined in the WMC Partnership Agreement).

  • Determine the percentage, stated as a fraction, the numerator of which is the aggregate amount of all Capital Contributions of the Defaulting Member theretofore received by the Company (excluding the Defaulted Contribution Amount) and the denominator of which is the aggregate amount of all Capital Contributions of all Members theretofore received by the Company (including the Defaulted Contribution Amount made by another Member).

  • In the event any Member ("Defaulting Member") shall fail to make any capital contribution required from him or it, ("Defaulted Contribution") then the other Members may make the Defaulted Contribution and the amount thereof shall be deemed a loan to the Defaulting Member.

  • If any Member (the "Defaulting Member") fails to make any Contribution required under Section 3.1 or Section 3.2 (the "Defaulted Contribution"), the Company and the other Members have the following rights and remedies.

  • In the event the Non-Defaulting Partners, as a whole, elect to contribute an amount less than I 00% of the Defaulted Contribution (the “Unelected Percentage”), the Partnership may use cash on hand or any other available source of funds to meet its obligations associated with the Unelected Percentage.

  • A Defaulting Member has the right to cure his Defaulted Contribution by paying to the Company, within one (1) business day of the Defaulting Member's receipt of the notice issued pursuant to Section 3.3.1, the Defaulting Member's Defaulted Contribution plus interest thereon at the prime rate (as set forth in The Wall Street Journal) plus 3% from the date the Defaulted Contribution was required to be made by the Defaulting Member.

  • In addition, the Non-Defaulting Shareholders shall have the right but not the obligation to contribute the amount of such Defaulted Contribution, which shall be considered for purposes of the foregoing calculation an amount that they agree to contribute to the Approved Program and Budget.

  • Effective immediately upon the occurrence of a Class B Contribution Default, and for as long thereafter as such Class B Contribution Default shall be continuing, the Class B Defaulted Contribution then due and payable shall bear interest at a rate that is equal to eight percent (8%), calculated on a per annum basis, and such amounts shall be immediately due and payable by the Class B Members upon the Class A Member’s demand.


More Definitions of Defaulted Contribution

Defaulted Contribution shall have the meaning set forth in Section 11.3.
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Defaulted Contribution as defined in Section 2.12.12.
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Defaulted Contribution has the meaning given in clause 6.11
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Defaulted Contribution has the meaning set forth in Section 5.5.3(a). Defaulting Partner. A Partner which is in default of any of its material obligations hereunder, including, without limitation, (a) its failure to make Capital Contributions on or before the date such payments are due as set forth in a request delivered to such Partner pursuant Section 5.3.2(d), or (b) its failure to perform its indemnification obligation pursuant to Section 10.4.
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Defaulted Contribution. Has the meaning assigned to such term in Section 4.4.5(ii).
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Related to Defaulted Contribution

  • Accumulated contributions means the sum of all

  • Delayed contribution payment means an amount paid by an employee for purchase of current service. The amount shall be determined using the same formula in KRS 61.5525, and the payment shall not be picked up by the employer. A delayed contribution payment shall be deposited to the member's account and considered as accumulated contributions of the individual member. In determining payments under this subsection, the formula found in this subsection shall prevail over the one found in KRS 212.434;

  • Monetary Contribution means that part of the Public Benefits described as “Monetary Contribution” in clause 1 of Schedule 3 to be paid by the Developer to the City in accordance with this document. Occupation Certificate has the same meaning as in the Act.

  • Contribution Period means the period specified in Article VI for which Employer Contributions shall be made.

  • Additional Contribution Each Member's pro-rata portion of a Required Amount, determined by multiplying the Required Amount by each Member's Interest.

  • Contributions means the payroll deductions and other additional payments specifically provided for in the Offering that a Participant contributes to fund the exercise of a Purchase Right. A Participant may make additional payments into his or her account if specifically provided for in the Offering, and then only if the Participant has not already had the maximum permitted amount withheld during the Offering through payroll deductions.

  • Excluded Contribution means net cash proceeds, marketable securities or Qualified Proceeds received by the Company from:

  • Additional contributions means contributions made by a member of a defined benefit plan to

  • Voluntary Contributions means voluntary amounts contributed by a member or participating member into a health reimbursement account. However, to the extent required by applicable law, voluntary amounts shall not be contributed through a salary reduction election under a cafeteria plan pursuant to section 125 of the internal revenue code, 26 USC 125.

  • Contribution Date has the meaning set forth in Section 4.3 hereof.

  • In-kind contribution means a contribution of goods or services received by a candidate committee, joint candidates committee, political committee, continuing political committee, political party committee, or legislative leadership committee, which contribution is paid for by a person or entity other than the recipient committee, but does not include services provided without compensation by an individual volunteering a part of or all of his or her time on behalf of a candidate or committee.

  • Contribution Amounts the aggregate amount of capital contributions applied by the Borrower to permit the Incurrence of Contribution Indebtedness pursuant to Subsection 8.1(b)(xi).

  • Contribution Percentage Amounts means the sum of the Employee Contributions, Matching Contributions, and Qualified Matching Contributions (to the extent not taken into account for purposes of the ADP test) made under the Plan on behalf of the participant for the Plan Year. Such Contribution Percentage Amounts shall not include Matching Contributions that are forfeited either to correct Excess Aggregate Contributions or because the contributions to which they relate are Excess Deferrals, Excess Contributions, or Excess Aggregate Contributions. If so elected in the adoption agreement the Employer may include Qualified Nonelective Contributions in the Contribution Percentage Amounts. The Employer also may elect to use Elective Deferrals in the Contribution Percentage Amounts so long as the ADP test is met before the Elective Deferrals are used in the ACP test and continues to be met following the exclusion of those Elective Deferrals that are used to meet the ACP test.

  • Cash Contribution refers to a direct payment of Contribution in Canadian currency.

  • Cash contributions means the re- cipient’s cash outlay, including the outlay of money contributed to the re- cipient by third parties.

  • Payments in lieu of contributions means the money payments to

  • Voluntary Contribution Account means the account established and maintained by the Administrator for each Participant with respect to his total interest in the Plan resulting from the Participant's nondeductible voluntary contributions made pursuant to Section 4.12.

  • In-kind contributions means services and goods as approved by the department that are provided by a grant recipient toward completion of a department-approved local snowmobile program under section 82107.

  • Qualifying contribution means, with respect to a

  • Qualified Nonelective Contributions means contributions of the Plan Sponsor or an Affiliate, other than Matching Contributions or Elective Deferrals, which are nonforfeitable when made, and which would be nonforfeitable regardless of the age or service of the Employee or whether the Employee is employed on a certain date, and which may not be distributed, except upon one of the events described under Code Section 401(k)(2)(B) and the regulations thereunder.

  • Qualified Matching Contributions means Matching Contributions which are immediately nonforfeitable when made, and which would be nonforfeitable, regardless of the age or service of the Employee or whether the Employee is employed on a certain date, and which may not be distributed, except upon one of the events described under Section 401(k)(2)(B) of the Code and the regulations thereunder.

  • Excluded Contributions means the Cash Equivalents or other assets (valued at their Fair Market Value as determined in good faith by senior management or the Board of Directors of the Company) received by the Company after the Issue Date from:

  • Qualified Matching Contribution means any employer contribution allocated to an Eligible Employee's account under any plan of an Employer or a Related Company solely on account of "elective contributions" made on his behalf or "employee contributions" made by him that is a qualified matching contribution as defined in regulations issued under Code Section 401(k), is nonforfeitable when made, and is distributable only as permitted in regulations issued under Code Section 401(k).

  • Discretionary Contribution means the contribution made by the Employer on behalf of a Participant as described in Section 4.4(b).

  • Charitable contribution means any donation or gift of money or any other thing of value.

  • Available Excluded Contribution Amount means the aggregate amount of Cash or Cash Equivalents or the fair market value of other assets (as reasonably determined by the Borrower, but excluding any Cure Amount and any Contribution Indebtedness Amount) received (or deemed to be received) by the Borrower or any of its Restricted Subsidiaries after the Closing Date from: