Mandatory Capital Call definition

Mandatory Capital Call shall have the meaning set forth in Section 6.2(a).
Sample 1Sample 2Sample 3
Mandatory Capital Call means a Capital Call for any capital contributions that would be required pursuant to Section 5.2(a).
Sample 1Sample 2Sample 3
Mandatory Capital Call has the meaning set forth in Section 7.1(c) of this Agreement.
Sample 1Sample 2

Examples of Mandatory Capital Call in a sentence

  • The Board shall notify each Limited Partner in writing of the Mandatory Capital Call and provide a reasonable description of the need thereof.

  • Each Limited Partner shall then make to its respective Series a Capital Contribution in immediately available funds equal to its Initial Investment Percentage of the Mandatory Capital Call amount, unless such Mandatory Capital Call is made at any time when the TowerBrook Ownership Threshold is not satisfied, in which case, the Mandatory Capital Call shall be made to each Limited Partner pro rata to its Current Investment Percentage.

  • If the Development Service Contribution Amount for any Project Entity exceeds ALE's Mandatory Capital Call Contribution to such Project Entity, such excess shall be payable by such Project Entity to ALE in cash in the manner set forth in the following sentence.

  • Any equity funded by the Investors pursuant to a Mandatory Capital Call shall be treated as preferred equity with respect to distribution rights (i.e., shall be pari passu with the other preferred equity of the Investors).

  • The parties shall make Mandatory Capital Call Contributions to each Project Entity as more fully set forth in the Entity Documents for such Project Entity.

  • If the chief executive officer of the Company (or if none, the most senior operating officer in place) or a majority of the Board determines that the Company is in need of funds in excess of the Aggregate Maximum Contribution Amount and has not obtained the necessary approval for a Special Mandatory Capital Call, then either the chief executive officer or the Board may make a capital call (a "Discretionary Capital Call") on not less than sixty (60) days written notice to each Stockholder.

  • With the sole exception of the percentage ownership of ALE, including the percentage of the Mandatory Capital Call Contributions that ALE is obligated to make, each Grandfathered Project Entity shall be deemed to be a Project Entity that is a 49% Entity for purposes of the First Amended Agreement as amended by this Amendment No. 1 although the actual percentage ownership interest of ALE in such Grandfathered Project Entity shall be as set forth in the preceding sentence.

  • For each Small Facility the development of which is governed by this Section 3.1.3(a), ALS shall prepare a Business Plan for such Facility providing a description of such Facility, estimated construction and development costs, the Mandatory Capital Call Schedule required for such Facility and a five (5) year budget for such Facility, and shall provide a copy of such Business Plan to ALE.

  • Mandatory Capital Call Contribution..................................................

  • The REC Board of directors is responsible for the overall strategy of the company, approving annual budgets and major investments, internal controls etc.


More Definitions of Mandatory Capital Call

Mandatory Capital Call shall have the meaning given in Section ----------------------
Sample 1
Mandatory Capital Call has the meaning set forth in Section 3.2(a).
Sample 1
Mandatory Capital Call means a Capital Call for any capital contributions that would be required pursuant to Section 5.2(a) or Section 5.2(f)." "'Members' shall mean WHWEL, WCPT, Saracen, Whitehall XI, Holding Co. and Management Co. (for as long as such Persons are still members of the Company), their successors and permitted assigns and any other members of the Company admitted in accordance with Article VIII.
Sample 1
Mandatory Capital Call means funds necessary for proper Company purposes (including working capital), other than making distributions to the Members.
Sample 1
Mandatory Capital Call. Schedule. "Mandatory Capital Call Schedule" means the mandatory capital call schedule for a Project Entity included in the respective Business Plan for such Project Entity.
Sample 1
Mandatory Capital Call means any Design and Development Capital Call, Mandatory Phase I Capital Call, Mandatory New Project Capital Call, or Other Capital Call pursuant to clauses (i) or (ii) of Section 5.2(d).
Sample 1

Related to Mandatory Capital Call

  • Capital Call The meaning as set forth in Section 3.2 hereof.

  • Capital Call Notice As defined in Section 3.2(a).

  • Regulatory Capital Event means the good faith determination by the Company that, as a result of (i) any amendment to, clarification of, or change in, the laws or regulations of the United States or any political subdivision of or in the United States that is enacted or becomes effective after the initial issuance of any share of the Series A Preferred Stock, (ii) any proposed change in those laws or regulations that is announced or becomes effective after the initial issuance of any share of the Series A Preferred Stock, or (iii) any official administrative decision or judicial decision or administrative action or other official pronouncement interpreting or applying those laws or regulations or policies with respect thereto that is announced after the initial issuance of any share of the Series A Preferred Stock, there is more than an insubstantial risk that the Company will not be entitled to treat the full liquidation preference amount of $25,000 per share of the Series A Preferred Stock then outstanding as “tier 1 capital” (or its equivalent) for purposes of the capital adequacy guidelines of the Federal Reserve (or, as and if applicable, the capital adequacy guidelines or regulations of any successor Appropriate Federal Banking Agency) as then in effect and applicable, for so long as any share of the Series A Preferred Stock is outstanding.

  • Tier 2 Capital Event means the receipt by the Company of a legal opinion from counsel experienced in such matters to the effect that the Subordinated Notes do not constitute, or within 90 days of the date of such legal opinion will not constitute, Tier 2 Capital (or its then equivalent if the Company were subject to such capital requirement).

  • Qualifying Replacement Capital Covenant has the meaning specified in the Replacement Capital Covenant.

  • Equity Capital means capital invested in common or preferred stock, royalty rights, limited partnership interests, limited liability company interests, or any other security or rights that evidence ownership in a private business.

  • Debt to Capital Ratio means the ratio (expressed as a percentage) of debt to total capital (the sum of debt and equity). This is a measure of financial leverage that the Company considers in capital management planning.

  • Net Capital Net Capital shall mean "net capital" as defined in Rule 15c3-1.

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

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

  • Investment Amount means the dollar amount to be invested by Investor to purchase Put Shares with respect to any Put as notified by the Company to Investor in accordance with Section 2.2.

  • Target Capital Account means the Capital Account of a Member as of the end of each fiscal year, increased by any amount that such Member is obligated to restore under this Agreement, is treated as obligated to restore under Treasury Regulations Section 1.704-1(b)(2)(ii)(c), or is deemed obligated to restore under the penultimate sentences of Treasury Regulations Section 1.704-2(g)(1) and (i)(5).

  • Liquidity Capitalization means the number, as of immediately prior to the Liquidity Event, of shares of the Company’s capital stock (on an as-converted basis) outstanding, assuming exercise or conversion of all outstanding vested and unvested options, warrants and other convertible securities, but excluding: (i) shares of Common Stock reserved and available for future grant under any equity incentive or similar plan; (ii) any SAFEs; and (iii) convertible promissory notes.

  • Regulatory Capital means the capital requirement specified in Article 11;

  • Available Equity Amount means a cumulative amount equal to (without duplication):

  • Qualifying Capital Securities means securities (other than Common Stock, rights to acquire Common Stock and securities convertible into Common Stock) that, in the determination of the Corporation’s Board of Directors reasonably construing the definitions and other terms of this Replacement Capital Covenant, meet one of the following criteria:

  • Tier 2 Capital has the meaning given to the term “Tier 2 capital” in 12 C.F.R. Part 217, as amended, modified and supplemented and in effect from time to time or any replacement thereof.

  • Replacement Capital Covenant has the meaning specified in the introduction to this instrument.

  • Series Invested Amount means the Initial Invested Amount.

  • Common Equity Tier 1 Capital Ratio means (at any time):

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

  • 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.

  • Adjusted Capital Account means the Capital Account maintained for each Partner as of the end of each Fiscal Year (i) increased by any amounts which such Partner is obligated to restore pursuant to any provision of this Agreement or is deemed to be obligated to restore pursuant to the penultimate sentences of Regulations Sections 1.704-2(g)(1) and 1.704-2(i)(5) and (ii) decreased by the items described in Regulations Sections 1.704-1(b)(2)(ii)(d)(4), 1.704-1(b)(2)(ii)(d)(5) and 1.704-1(b)(2)(ii)(d)(6). The foregoing definition of Adjusted Capital Account is intended to comply with the provisions of Regulations Section 1.704-1(b)(2)(ii)(d) and shall be interpreted consistently therewith.

  • 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.

  • Principal Funding Account Balance means, with respect to any date of determination during the Controlled Accumulation Period, the principal amount, if any, on deposit in the Principal Funding Account on such date of determination.

  • Average Invested Capital of the Company shall mean the average of the aggregate historical cost of the consolidated assets of the Company and its subsidiaries, excluding the Transferred Assets, invested, directly or indirectly, in real estate or ownership interests in, and loans secured by, real estate and personal property owned in connection with such real estate (collectively, “Properties”) (including acquisition related costs and costs which may be allocated to intangibles or are unallocated), before reserves for depreciation, amortization, impairment charges or bad debts or other similar noncash reserves, computed by taking the average of such values at the beginning and end of the period for which Average Invested Capital is calculated.