Member Capital Contributions definition

Member Capital Contributions means, without duplication of Member Costs, capital contributions made by the Member to the Company from and after the closing under the Creative Purchase Agreement through the Closing Date in connection with the development, construction, Opening and licensing of the Casino (including for the purposes described in clauses (a) through (h) of the definition of “Member Costs” and whether expended for such purposes or still on the books as an asset) to the extent made in accordance with the Budget, and not otherwise used by the Company to pay Member Costs; provided, however, that Member Capital Contributions shall not include (i) capitalized interest, (ii) indirect allocable corporate overhead, (iii) capital contributions used to fund Transaction Expenses or expenses incurred in connection with the Merger, (iv) capital contributions used to fund costs and expenses covered by insurance or condemnation proceeds received prior to Closing, unless such proceeds are received by or contributed to the Company, (v) capital contributions used to fund interest or penalty costs imposed by a Governmental Authority, (vi) interest paid, accrued or capitalized under any credit facility of Member or any of its Affiliates and any repayments of allocable borrowings thereunder, (vii) capital contributions used to fund any costs or expenses paid or incurred in violation or breach of the terms of this Agreement or (viii) capital contributions to the extent funded using a portion of the Change Order Amount released from escrow to Parent pursuant to Section 6.14(a).
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Examples of Member Capital Contributions in a sentence

  • Single Member Capital Contributions (Applies ONLY if Single-Member): The Member(s) may make such capital contributions (each a “Capital Contribution”) in such amounts and at such times as the Member(s) shall determine.

  • Withdrawal Not Permitted Member Capital Contributions shall be made in full on admission to the Company.

  • Member Capital Contributions shall be made in full on admission to the Company.

  • All Member Capital Contributions made to the Company shall be made in total when becoming a Member.

  • ARTICLE VIICONTRIBUTIONS TO THE COMPANY AND DISTRIBUTIONS 7.1 Member Capital Contributions .

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  • At such time that the Class B Member has received distributions hereunder of the sum of the Class B Member's Unrepaid Class B Member Capital Contributions, Unpaid Class B Member First Preferred Return plus the Unpaid Class B Member Second Preferred Return, all computed through the date on which the last such distribution to the Class B Member occurs, the Membership Interest of the Class B Member shall be terminated and the Class B Member shall have no further rights hereunder as a Member of the Company.

  • Manager does not, in any way, guarantee the return of the Member' Capital Contributions or a profit for the Member from the operations of the Company.

  • Within ninety (90) days following the Closing, the Member will, in good faith and in accordance with the terms of this Section 1.8, prepare and deliver to Buyer a statement (the “Final Closing Statement”), setting forth its good faith calculation of actual Member Costs and Member Capital Contributions through Closing, and the Purchase Price based thereon (the “Adjusted Purchase Price”), determined under the same principles as those of Section 1.8(a).

  • In the case of the Intel Member, Capital Contributions and Additional Capital Contributions may be funded in cash or as in-kind contributions (valued at such in-kind contribution’s Fair Value) in accordance with Section 2.5; provided, that no in-kind Capital Contribution by the Intel Member shall be deemed to reduce Intel Member’s remaining unfunded Budgeted Capital Commitment below the amount required to be funded by the Intel Member hereunder in respect of remaining payments due under the EPC Contract.

Related to Member Capital Contributions

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

  • 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.

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

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

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

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

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

  • Member contributions means all amounts paid to ASRS by a member.

  • Capital Contribution means any cash, cash equivalents or the Net Agreed Value of Contributed Property that a Partner contributes to the Partnership.

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

  • 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.

  • 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.

  • 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.

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

  • In-kind contributions means services and goods as approved by the department that are provided by a grant recipient toward completion of a department-approved local snowmobile program under section 82107.

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

  • 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 Commitment means, for any Borrower, the capital commitment of its Investors in the amount set forth in the applicable Subscription Agreements; “Capital Commitments” means all such Capital Commitments, collectively.

  • Economic Capital Account Balances has the meaning set forth in Section 6.1.E.

  • After-Tax Contributions means amounts withheld from an Employee’s Compensation pursuant to a Salary Reduction Agreement after all applicable state and federal taxes have been deducted. Such amounts are withheld for purposes of purchasing one or more of the Benefit Package Options available under the Plan.

  • Rollover Contributions means, for any Participant, his rollover contributions as provided in Section 7.1.

  • Economic Capital Account Balance has the meaning provided in Section 5.1(e) hereof.

  • Contribution Date has the meaning set forth in Section 4.3 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.

  • 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.”

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