Examples of Initial Capital Commitment in a sentence
Each of the Members has made or is concurrently making (i) an initial cash contribution to the capital of the Company and/or (ii) an initial advance of cash funds constituting Special Membership Interest Funds, in an aggregate amount equal to its Initial Capital Commitment on or before the Initial Capital Contribution Date.
Morgans is making the Morgans Initial Capital Commitment for its own account with the present intention of holding its interests in Holdings for investment purposes and not with a view to or for sale in connection with any public distribution of such interests in violation of any federal or state securities laws.
Officers of the Morgans Parties shall deliver to DLJMB an officers’ certificate confirming that the Morgans Initial Capital Commitment has been credited to the purchase price of the Acquisition.
Each of DLJMB and DLJMB LLC is making the DLJMB Initial Capital Commitment for its own account with the present intention of holding its interests in Holdings for investment purposes and not with a view to or for sale in connection with any public distribution of such interests in violation of any federal or state securities laws.
The Financial Accounts shall reflect (i) the cash received with respect to Morningstar’s Initial Capital Commitment less $*** for the Company’s working capital needs; (ii) investment, reinvestment and distribution of Financial Accounts Assets; (iii) any Financial Accounts Profits and Financial Accounts Losses; (iv) liabilities directly related to Financial Accounts activities; and (v) reduced by any use of Financial Accounts Assets as provided in Section 4.7(c).
All funds which SAU or Inland have agreed, or shall hereafter agree, to contribute to the Company hereunder, including, without limitation, the Initial Capital Commitment and the Additional Capital Commitment, as defined below, are referred to collectively as the “Capital Commitments”.
After the payment of the Initial Capital Commitment, the Partners may be required from time to time, in accordance with the terms hereof, to pay in cash the unfunded portion of the Commitment due to the Partnership.
SAU shall advise the Company and Inland of its agreement to increase its Capital Commitment by delivering written notice to the Company and Inland within sixty (60) days after SAU has funded at least eighty percent (80%) of its Initial Capital Commitment hereunder (the “Commitment Increase Notice”).
Immediately after giving effect to the Stock Purchase, the Purchaser shall have adequate capital to carry on its business and its obligation to fund the Initial Capital Commitment.
Xxxxx ----------------------------------------- Name: Title: Initial Capital Commitment PUBLIC EMPLOYEE'S RETIREMENT ASSOCIATION OF COLORADO, as $ 100,000,000.00 Limited Partner ------------------------------- By /s/ Xxxxxx X.