GP Capital Contribution definition
Examples of GP Capital Contribution in a sentence
In the event that the Quarterly Hedge Payment Obligation for any quarter exceeds the sum of (1) the total quarterly distribution that is paid on the Collateral of all Pledgors and the PL Manufacturing Units in respect of such quarter, and (2) the Cash Reserve, each Pledgor shall have the right to fund its pro rata share of the shortfall by making a cash payment to the Collateral Agent, which the Collateral Agent shall pay to the General Partner to fund a portion of the GP Capital Contribution.
The Pure Parties have or will have immediately prior to and at Closing sufficient funds to enable the Pure Parties to pay in full the Pure GP Capital Contribution, the Pure Triad Capital Contribution and the Pure LP4 Capital Contribution as herein provided and otherwise to perform the obligations of the Pure Parties under this Agreement.
If the Quarterly Hedge Payment Obligation for any quarter exceeds the sum of (1) the total quarterly distribution that is paid on the Pledged Common Units in respect of such quarter and (2) the Cash Reserve, each of the PL Manufacturing Members shall have the right to fund its pro rata share of the shortfall by making a cash payment to PL Manufacturing, which PL Manufacturing shall pay to the General Partner to fund a portion of the GP Capital Contribution.
If the Quarterly Hedge Payment Obligation for any quarter exceeds the sum of (1) the total quarterly distribution that is paid on the Pledged Units in respect of such quarter and (2) the Cash Reserve, each of PL Manufacturing and the PL Manufacturing Members shall have the right to fund its pro rata share of the shortfall in cash, which PL Manufacturing shall pay to the General Partner to fund a portion of the GP Capital Contribution.
At the Closing, QR Energy will issue the General Partner Units to the General Partner, subject to receipt by QR Energy of the GP Capital Contribution.
At the Closing, LRR Energy will issue the General Partner Units to the General Partner, subject to receipt by LRR Energy of the GP Capital Contribution.
Cash received by Collateral Agent from the sale of any Collateral hereunder shall be (a) paid to the General Partner to fund a portion of the GP Capital Contribution or, (b) to the extent that such amount exceeds the Pledgor’s pro rata share of the Quarterly Hedge Payment Obligation, paid to the Pledgor.
At Closing, Lime Rock Management will make a capital contribution to the General Partner in an amount equal to the GP Capital Contribution and will receive 100% of the Class A Interests and become a Class A member of the General Partner.