Mandatory Additional Capital Contributions definition

Mandatory Additional Capital Contributions has the meaning set forth in Section 3.3.2.
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Mandatory Additional Capital Contributions shall have the meaning set forth in Article IX(b). “Member” shall have the meaning set forth in the introductory paragraph hereto.
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Mandatory Additional Capital Contributions means the additional Capital Contributions that each Member is required to make in an amount equal to its pro rata share (based upon each Member’s Percentage Interest) up to an aggregate amount for all Members not to exceed Thirty Million Dollars ($30,000,000); provided, that, if a Member transfers any portion of its Membership Interests prior to the date that the Mandatory Additional Capital Contributions for a Member have been fully funded, the amount of the remaining Mandatory Additional Capital Contributions required to be made by such Member shall be reduced by the amount of the commitment of the Transferee to make its pro rata share (based upon its Percentage Interest) of the Mandatory Additional Capital Contributions from and after the date on which all of the requirements under Article 7 have been satisfied with respect to the Transfer to such Transferee.
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Examples of Mandatory Additional Capital Contributions in a sentence

  • Each Member acknowledges and agrees that the remedies described in this Section 3.4 bear a reasonable relationship to the damages that the Members estimate may be suffered by the Company and the non-Defaulting Members by reason of the failure of a Defaulting Member to make Mandatory Additional Capital Contributions and, subject to the last sentence of the first paragraph of Section 3.4.2, the election of any or all of the above-described remedies is not unreasonable.

  • If the Defaulting Member does not contribute Mandatory Additional Capital Contributions on three (3) occasions, whether or not consecutive, and the Defaulting Member has failed to cure each such failure to contribute within the fifteen (15) day period specified in Section 3.4.1 above, the Management Committee may propose to dissolve the Company in which event the Company will be wound-up, liquidated and terminated pursuant to Article 12.

  • The Members further understand and agree that, in no event shall the Members be required to fund any overages of the Investment Property Total Cost above and beyond the Manager’s estimate set forth as “Total Costs” on Exhibit C hereto, and, other than in respect of any Mandatory Additional Capital Contributions as set forth below.

  • If necessary to cover the deficits of the Company, each Member will contribute additional capital pro rata in accordance with their respective Percentage Interests, with such capital calls subject to the aggregate maximum (including the initial Capital Contributions described in Section 3.1) of One Hundred Million Dollars ($100,000,000) (each, a "Mandatory Additional Cash Contribution"; and, together with the Mandatory Additional Equity Contributions, the "Mandatory Additional Capital Contributions").

  • Any effort by a Tenderer to influence the evaluation process or the recommendations and decisions for award shall result in the rejection o its tender The complete filled in BOQ will be checked for any kind of arithmetical, transcription or typing errors.

  • The General Partner shall have the right to require each Partner to make Additional Capital Contributions or loans to the Partnership at any time or from time to time as provided in this Section 2.2; provided, however, that the aggregate of the (x) Mandatory Additional Capital Contributions (as defined below) made by the S Corp.

  • The Members further understand and agree that, in no event shall the Members be required to fund any overages of the Investment Property(ies) above and beyond the Member's Capital contributions reflected on Exhibit B hereto, and, other than in respect of any Mandatory Additional Capital Contributions as set forth below.

  • The General Partner shall have the right to require each Partner to make Additional Capital Contributions or loans to the Partnership as provided in this Section 2.2; provided, however, that the aggregate of the Mandatory Additional Capital Contributions (as defined below) and Mandatory Limited Partner Loans (as defined below) that the S Corp.

  • Except as otherwise provided in the Act or by other applicable law, no Member shall be bound by, or personally liable for, the obligations or liabilities of the Company, and no Member shall be required to contribute any capital to the Company other than such Member’s Capital Contributions and agreed-upon Mandatory Additional Capital Contributions (if any).

  • Mandatory Additional Capital Contributions; Optional Capital Contributions; Overage Obligation .


More Definitions of Mandatory Additional Capital Contributions

Mandatory Additional Capital Contributions shall have the meaning set forth in Section 6.02(a) hereof.
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Related to Mandatory Additional Capital Contributions

  • Additional Capital Contributions shall have the meaning set forth in Section 5.3.

  • Additional Capital Contribution has the meaning set forth in Section 3.02.

  • Initial Capital Contributions has the meaning set forth in Section 5.1.

  • Initial Capital Contribution has the meaning set forth in Section 4.1.

  • Additional contributions means contributions made by a member of a defined benefit plan to

  • Capital Contributions means, with respect to any Member, the amount of money (US Dollars) and the initial Gross Asset Value of any assets or property (other than money) contributed by the Member (or such Member’s predecessor in interest) to the Company (net of liabilities secured by such contributed property that the Company is considered to assume or take subject to under Code Section 752) with respect to the Units in the Company held or purchased by such Member, including additional Capital Contributions.

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

  • Additional Contribution Each Member's pro-rata portion of a Required Amount, determined by multiplying the Required Amount by each Member's Interest.

  • Cash contributions means the re- cipient’s cash outlay, including the outlay of money contributed to the re- cipient by third parties.

  • Initial Contribution means that contribution each Participant has made or agrees to make pursuant to Section 5.1.

  • Equity Contributions means the equity to be contributed by the Equity Investor to Borrower, in accordance with and subject to the terms of the Partnership Agreement.

  • Contribution Indebtedness means Indebtedness or Disqualified Stock of the Company or any Restricted Subsidiary in an aggregate principal amount not greater than the aggregate amount of cash contributions (other than the proceeds from the issuance of Disqualified Stock or any cash contribution by an Issuer or a Restricted Subsidiary) made to the capital of the Company or a Restricted Subsidiary after the Issue Date (whether through the issuance of Capital Stock or otherwise); provided that such Contribution Indebtedness is incurred within 180 days after the making of the related cash contribution.

  • Catch-Up Contributions means Salary Reduction Contributions made to the Plan that are in excess of an otherwise applicable Plan limit and that are made by Participants who are Age 50 or over by the end of their taxable years. An “otherwise applicable Plan limit” is a limit in the Plan that applies to Salary Reduction Contributions without regard to Catch-up Contributions, such as the limits on Annual Additions, the dollar limitation on Salary Reduction Contributions under Code Section 402(g) (not counting Catch-up Contributions) and the limit imposed by the Actual Deferral Percentage (ADP) test under Code Section 401(k)(3). Catch-up Contributions for a Participant for a taxable year may not exceed the dollar limit on Catch-up Contributions under Code Section 414(v)(2)(B)(i) for the taxable year. The dollar limit on Catch-up Contributions under Code Section 414(v)(2)(B)(i) is $1,000 for taxable years beginning in 2002, increasing by $1,000 for each year thereafter up to $5,000 for taxable years beginning in 2006 and later years. After 2006, the $5,000 limit will be adjusted by the Secretary of the Treasury for cost-of-living increases under Code Section 414(v)(2)(C). Any such adjustments will be in multiples of $500.

  • Cash Contribution Amount means the aggregate amount of cash contributions made to the capital of the Issuer or any Guarantor described in the definition of “Contribution Indebtedness.”

  • Class B Adjusted Invested Amount means, with respect to any date of determination, an amount equal to the Class B Invested Amount less the positive difference, if any, between the Principal Funding Account Balance and the Class A Invested Amount on such date.

  • Book Capital Account means, for any Holder at any time, the Book Capital Account of the Holder for such day, determined in accordance with Section 8.1 hereof.

  • Capital Account Limitation has the meaning provided in Section 4.5(b) hereof.

  • Contribution Amount has the meaning given in subsection 444-90(1A) in Schedule 1 of the Australian Taxation Administration Act 1953 (Cth).

  • Capital Account Distribution Date and "Income Account Distribution Date" shall mean the "Distribution Dates" set forth in the "Essential Information" in the Prospectus.

  • Specified Spread Account Balance means on the Closing Date, % of the sum of the Pool Balance as of the [Initial] Cutoff Date and on any Payment Date thereafter the lesser of, (a) % of the [sum of (i) the] Pool Balance as of the [Initial] Cutoff Date [plus (ii) the aggregate Contract Value of all Subsequent Receivables sold to the Trust as of their respective Cutoff Dates] and (b) the outstanding principal amount of the Notes. However, if (A) the Specified Spread Account Reduction Trigger is met on the Payment Date in [Month] 20XX or any Payment Date thereafter, the percentage in clause (a) will be reduced to % on such Payment Date and will remain at such percentage for each Payment Date thereafter unless further reduced on the Payment Dates as provided in the following clauses (B), (C) or (D); (B) if the Specified Spread Account Reduction Trigger is met on the Payment Date in [Month] 20XX or any Payment Date thereafter, the percentage in clause (a) of the preceding sentence will be reduced to % on such Payment Date (regardless of whether the Specified Spread Account Reduction Trigger was met on the Payment Date in [Month] 20XX or any Payment Date thereafter and will remain at such percentage for each Payment Date thereafter unless further reduced on the Payment Date as provided in the following clause (C) or (D); (C) the Specified Spread Account Reduction Trigger is met on the Payment Date in [Month] 20XX or any Payment Date thereafter, the percentage in clause (a) of the preceding sentence will be reduced to % on such Payment Date (regardless of whether the Specified Spread Account Reduction Trigger was met on the Payment Dates in [Month] 20XX or any Payment Date thereafter or [Month] 20XX or any Payment Date thereafter) and will remain at such percentage for each Payment Date thereafter unless further reduced on the Payment Date as provided in the following clause (D); and (D) the Specified Spread Account Reduction Trigger is met on the Payment Date in [Month] 20XX or any Payment Date thereafter, the percentage in clause (a) of the preceding sentence will be reduced to % on such Payment Date (regardless of whether the Specified Spread Account Reduction Trigger was met on the Payment Dates in [Month] 20XX or any Payment Date thereafter, [Month] 20XX or any Payment Date thereafter or [Month] 20XX or any Payment Date thereafter) and will remain at such percentage for each Payment Date thereafter. In addition to the ability to amend the “Specified Spread Account Balance” definition pursuant to Section 9.1(a) of the Indenture, the Specified Spread Account Balance may also be reduced or modified without the consent of the Holders of the Notes if the Rating Agency Condition is satisfied with respect to such reduction or modification.

  • Specified Reserve Account Balance means, for any Payment Date, an amount equal to 2.00% of the Pool Balance as of the Cut-Off Date; provided, however, on any Payment Date after the Notes are no longer Outstanding following payment in full of the principal and interest on the Notes, the “Specified Reserve Account Balance” shall be $0.

  • Capital Account Record Date and "Income Account Record Date" shall mean the "Record Dates" set forth in the "Essential Information" in the Prospectus.

  • Contributions means the payroll deductions and other additional payments specifically provided for in the Offering that a Participant contributes to fund the exercise of a Purchase Right. A Participant may make additional payments into his or her account if specifically provided for in the Offering, and then only if the Participant has not already had the maximum permitted amount withheld during the Offering through payroll deductions.

  • Investment Capital Expenditures means capital expenditures other than Maintenance Capital Expenditures and Expansion Capital Expenditures.

  • Cash Contribution refers to a direct payment of Contribution in Canadian currency.

  • Class B Invested Amount means, on any date of determination, an amount equal to (a) the Class B Initial Invested Amount, minus (b) the aggregate amount of principal payments made to the Class B Certificateholders prior to such date, minus (c) the aggregate amount of Class B Investor Charge-Offs for all prior Distribution Dates, minus (d) the amount of Reallocated Principal Collections allocated on all prior Distribution Dates pursuant to subsection 4.08(a) (excluding any Reallocated Principal Collections that have resulted in a reduction in the Collateral Invested Amount pursuant to Section 4.08), minus (e) an amount equal to the amount by which the Class B Invested Amount has been reduced on all prior Distribution Dates pursuant to subsection 4.06(a) and plus (f) the amount of Excess Spread and Excess Finance Charge Collections allocated and available on all prior Distribution Dates pursuant to subsection 4.07(e) for the purpose of reimbursing amounts deducted pursuant to the foregoing clauses (c), (d) and (e); provided, however, that the Class B Invested Amount may not be reduced below zero.