Final Closing Capital Contribution definition

Final Closing Capital Contribution means the Capital Contribution to be made by WPHC pursuant to Section 4.1.2(b) hereof, when, as and if required by this Agreement.
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Examples of Final Closing Capital Contribution in a sentence

  • Feld shall provide evidence sxxxxfactory to WPHC that the principal amount of the Construction Loan and all accrued interest thereon have either been paid in full or will be paid in full from the proceeds of the Final Closing Capital Contribution immediately upon the funding of the Final Closing Capital Contribution.

  • WRP shall guaranty the obligation of WPHC to make the Final Closing Capital Contribution by executing the Guaranty attached hereto.

  • Xxxx shall provide evidence satisfactory to WPHC that the principal amount of the Construction Loan and all accrued interest thereon have either been paid in full or will be paid in full from the proceeds of the Final Closing Capital Contribution immediately upon the funding of the Final Closing Capital Contribution.

  • The exercise by WPHC of the Call Option described in item (i) of this Section is conditioned on WPHC performing its obligation to make the Final Closing Capital Contribution when and as required under this Agreement.

  • MacKenzie Title: Vice President GUARANTY By its execution hereof, WELLSFORD RESIDENTIAL PROPERTY TRUST, a Maryland real estate investment trust ("WRPT"), hereby guarantees to Al Feld ("Feld") that Wellsford Xxxx Xighxxxxs Corp., a Colorado corporation, shall timely and fully satisfy its obligation to fund the Final Closing Capital Contribution when, as and if required by the foregoing Operating Agreement, as such Agreement may be amended from time to time (the "Obligation").

  • XxxXxxxxx Title: Vice President GUARANTY By its execution hereof, WELLSFORD RESIDENTIAL PROPERTY TRUST, a Maryland real estate investment trust ("WRPT"), hereby guarantees to Xx Xxxx ("Xxxx") that Wellsford Park Highlands Corp., a Colorado corporation, shall timely and fully satisfy its obligation to fund the Final Closing Capital Contribution when, as and if required by the foregoing Operating Agreement, as such Agreement may be amended from time to time (the "Obligation").

  • Feld shall provide evidence satisfactory to WPHC that the principal xxxunt of the Construction Loan and all accrued interest thereon have either been paid in full or will be paid in full from the proceeds of the Final Closing Capital Contribution immediately upon the funding of the Final Closing Capital Contribution.

  • In consideration of the early funding of the Final Closing Capital Contribution and the early payment of the Construction Loan by WPHC, Feld agrees, for himsxxx and his heirs, personal representatives, successors and assigns, that the acceleration of the payment of a portion of the Incentive Fee and the calculation of the Incentive Fee as equal to the Target Fee, all as provided for in Paragraph 4 of Exhibit P to the Operating Agreement, are hereby irrevocably waived by Feld.

  • MacKenzie ------------------------------------- Name: Title: GUARANTY By its execution hereof, WELLSFORD RESIDENTIAL PROPERTY TRUST, a Maryland real estate investment trust ("WRPT"), hereby guarantees to Al Feld ("Feld") that Wellsford Park Highlands Corp., a Colorado coxxxxxxxon, xxxll timely and fully satisfy its obligation to fund the Final Closing Capital Contribution when, as and if required by the foregoing Operating Agreement, as such Agreement may be amended from time to time (the "Obligation").

  • Thx xxercise by WPHC of the Call Option described in item (i) of this Section is conditioned on WPHC performing its obligation to make the Final Closing Capital Contribution when and as required under this Agreement.

Related to Final Closing Capital Contribution

  • Final Closing Working Capital has the meaning set forth in Section 2.4(e).

  • Final Closing Cash means the Closing Cash, as finally agreed or determined in accordance with Section 2.3(c).

  • Final Closing Net Working Capital has the meaning set forth in Section 2.6(c).

  • Estimated Closing Working Capital has the meaning set forth in Section 2.04(a)(ii).

  • Closing Date Working Capital has the meaning specified in Section 2.3(b).

  • Estimated Closing Net Working Capital has the meaning set forth in Section 2.5.

  • Working Capital Commitment means, with respect to any Working Capital Lender at any time, the amount set forth opposite such Lender's name on Schedule I hereto under the caption "Working Capital Commitment" or, if such Lender has entered into one or more Assignments and Acceptances, set forth for such Lender in the Register maintained by the Administrative Agent pursuant to Section 8.07(d) as such Lender's "Working Capital Commitment", as such amount may be reduced at or prior to such time pursuant to Section 2.05.

  • Closing Working Capital means: (a) the Current Assets of the Company, less (b) the Current Liabilities of the Company, determined as of the open of business on the Closing Date.

  • Final Closing Indebtedness means the aggregate amount of Closing Indebtedness set forth in the Final Closing Statement.

  • Final Closing Date shall have the meaning specified in Section 7.2(a) hereof.

  • Closing Cash Amount has the meaning set forth in Section 2.2.

  • Working Capital Escrow Amount means $1,000,000.

  • Closing Cash Payment has the meaning set forth in Section 2.06(a).

  • Estimated Closing Cash has the meaning set forth in Section 2.4(a).

  • Closing Date Net Working Capital has the meaning set forth in Section 2.7(a).

  • Closing Cash means the aggregate amount of all Cash of the Company as of the close of business on the day immediately preceding the Closing Date.

  • Estimated Closing Indebtedness has the meaning set forth in Section 2.4(a).

  • Final Closing Balance Sheet shall have the meaning set forth in Section 2.3(e).

  • Closing Cash Consideration has the meaning set forth in Section 2.6(a)(i).

  • Net Working Capital Adjustment Amount means an amount (which may be a positive or negative number) equal to (a) the Closing Date Net Working Capital minus (b) the Target Net Working Capital.

  • Final Closing means the last closing under the Private Placement;

  • Working Capital Adjustment Amount means an amount equal to the difference between (i) the Working Capital of the Company as of the Closing Date and (ii) the Estimated Working Capital Amount. For the avoidance of doubt the Working Capital Adjustment Amount may be a negative number.

  • Closing Net Working Capital means the Net Working Capital as of the open of business on the Closing Date.

  • Target Working Capital Amount means $162,000,000.

  • Working Capital Deficit means the amount by which the Working Capital is less than the Target Working Capital Amount.

  • Working Capital Amount means the difference between (x) the total current assets of the Company and its Subsidiaries and (y) the total current liabilities (other than the New Company Debt, the Existing Company Debt and Deal Expenses) of the Company and its Subsidiaries (in each case calculated in accordance with GAAP immediately prior to the Effective Time and after giving effect to the Contribution, the Distribution and the disposition of cash and cash equivalents contemplated by Section 6.24).