Deferred Capital Call definition

Deferred Capital Call means a resolution approved by the board of directors of the Borrower which allows the Borrower to require equity contributions to be made in an aggregate amount equal to $6,000,000, with the Borrower having discretion over the timing of the actual cash call. The Administrative Agent may require the Borrower to exercise the right to require such capital contributions upon the occurrence (and during the continuance) of an Event of
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Examples of Deferred Capital Call in a sentence

  • The Lenders hereby consent to the termination of the Deferred Capital Call and agree that any reference to the Deferred Capital Call in the Credit Agreement shall be null and void.

  • The Borrower shall at all times maintain the Deferred Capital Call in full force and effect with the full $6,000,000 available to be called upon; provided that the foregoing requirement shall terminate on the later of (i) the date that the Administrative Agent shall be satisfied that the Borrower shall have outperformed the financial covenants set forth in Section 5.13 hereof by at least 0.50x for two consecutive fiscal quarters or (ii) June 30, 2017.

  • The Borrower will not, nor will it permit any other Loan Party to, amend, modify or waive any of its rights under (a) any Subordinated Debt Document, (b) any documentation relating to the Deferred Capital Call, or (c) its organizational documents (in any manner adverse to the Lenders).

Related to Deferred Capital Call

  • Capital Call means a call upon all or any of the Investors for payment of all or any portion of their Unfunded Commitments.

  • Invested Capital means the amount calculated by multiplying the total number of Shares purchased by Stockholders by the issue price at the time of such purchase, reduced by the portion of any Distribution that is attributable to Net Sales Proceeds and by any amounts paid by the Company to repurchase Shares pursuant to the Company’s plan for the repurchase of Shares.

  • Specified Equity Contribution means any cash contribution to the common equity of Holdings and/or any purchase or investment in an Equity Interest of Holdings other than Disqualified Equity Interests.

  • Unreturned Capital Contributions means all Capital Contributions made by a Class A Member less any returned capital.

  • Adjusted Capital Account means the Capital Account maintained for each Partner as of the end of each Fiscal Year (i) increased by any amounts which such Partner is obligated to restore pursuant to any provision of this Agreement or is deemed to be obligated to restore pursuant to the penultimate sentences of Regulations Sections 1.704-2(g)(1) and 1.704-2(i)(5) and (ii) decreased by the items described in Regulations Sections 1.704-1(b)(2)(ii)(d)(4), 1.704-1(b)(2)(ii)(d)(5) and 1.704-1(b)(2)(ii)(d)(6). The foregoing definition of Adjusted Capital Account is intended to comply with the provisions of Regulations Section 1.704-1(b)(2)(ii)(d) and shall be interpreted consistently therewith.