Examples of Excess Capital Contribution in a sentence
Any portion of the Excess Capital Contribution that remains after consummation of an Excess Capital Contribution Offer may be used by the Company for any purpose not otherwise prohibited by this Indenture.
The offer price in any Excess Capital Contribution Offer will be equal to 85% of the principal amount of the Notes plus accrued and unpaid interest and Additional Amounts, if any, on the Notes repurchased to the date of purchase, and shall be payable by the Company in cash.
If the aggregate principal amount of Notes tendered into such Excess Capital Contribution Offer, taking into account the offer price of 85% of the principal amount of the Notes, exceeds the Excess Capital Contribution Amount, the Company shall select the Notes to be purchased in accordance with the selection procedures set forth in Section 3.02 hereof.
If only a portion (and not all) of the Members elect to make additional capital contributions upon a call for an Excess Capital Contribution, then the additional contribution amounts and investment terms for the participating Members shall be on such terms and conditions as Managing Member deems appropriate in light of then current market conditions.
In the event that the Managing Member determines that additional Capital Contributions are needed (any such additional Capital Contributions being referred to herein as an “Excess Capital Contribution”), then each Member shall have the right, but not the obligation, to make additional Capital Contributions in an amount not to exceed such Member’s pro rata share of the aggregate amount of the Excess Capital Contribution.