Required Capital Contribution definition

Required Capital Contribution means, with respect to the Operating Partnership's acquisition of any After-Acquired Property, a Capital Contribution (as defined in the Operating Partnership's LPA) by the Manager and/or one or more of the Key Persons (or their respective designees) in an amount such that the Projected FCCR shall be equal to or greater than MCFCCR.

Required Capital Contribution has the meaning set forth in Section 4.4.2 hereof.

Required Capital Contribution means for the Fund on the date of any Contribution Event, a Capital Contribution in an amount sufficient for the Fund to maintain its net asset value per share at no less than the Minimum Permissible NAV, after giving effect to the Contribution Event and all payments received by the Fund in respect of the Eligible Notes. The net asset value for purposes of calculating the amount of Required Capital Contribution shall exclude any account receivable or other asset representing the Support Provider’s obligations under this Agreement. Minimum Permissible NAV means $0.995 for so long as the Fund is not rated by Standard & Poor’s, and $0.9975 if the Fund is rated by Standard & Poor’s.

Examples of Required Capital Contribution in a sentence

• Each Member subject to a Contribution Agreement will, not later than the date specified in the Capital Call Notice, contribute or procure the payment of cash to the Company by wire transfer of immediately available funds, to the bank account of the Company specified in the applicable Capital Call Notice, in an amount equal to the Required Capital Contribution required to be funded by such Member pursuant to the applicable Capital Call Notice.

• Without limiting the other remedies set forth in Section 4.4.5 below, any Required Capital Contribution not made by such date will accrue interest at the rate of one percent (1%) per month for the period commencing on the date such payment was due until the day such payment is paid by the applicable Member; provided, however, that such interest payments will not be deemed Capital Contributions.

• An Original Principal or Clarx xxx fails to make Required Capital Contribution prior to the expiration of seven (7) days after such notice (the "Date of Default") shall be a "Defaulting Member." The obligation of a Defaulting Member to make a Required Capital Contribution shall bear interest from and after the Date of Default at a rate equal to the Prime Rate plus five percent (5%) per annum, which interest shall compound quarterly.

• Any Defaulting Member shall also pay, on demand, all costs, including court costs and reasonable attorneys' fees, paid or incurred by the LLC or the Manager Member in collecting a Required Capital Contribution from a Defaulting Member.

• If any Member fails to make any Required Capital Contribution (a “Contribution Default”), then such Member (a “Defaulting Member”) will thereafter be subject, without further consent from such Member, to the provisions of this Section 3.1(f).

More Definitions of Required Capital Contribution

Required Capital Contribution means for the Fund on the date of any Contribution Event, a Capital Contribution in an amount sufficient for the Fund to maintain its net asset value per share at no less than the Minimum Permissible NAV, after giving effect to the Contribution Event and all payments received by the Fund in respect of the Eligible Notes. The net asset value for purposes of calculating the amount of Required Capital Contribution shall exclude any account receivable or other asset representing the Support Provider’s obligations under this Agreement. Minimum Permissible NAV means $0.9990.

Required Capital Contribution means for the Fund on the date of any Contribution Event, a Capital Contribution in an amount sufficient for the Fund to maintain its net asset value per share at no less than the Minimum Permissible NAV, after giving effect to the Contribution Event and all payments received by the Fund in respect of the Eligible Notes. The net asset value for the purposes of calculating the amount of Required Capital Contribution shall exclude any account receivable or other asset representing the Support Provider’s obligations under this Agreement. Minimum Permissible NAV means with respect to the Fund $0.9950 for so long as the Fund is rated by Xxxxx’x Rating Agency.

Required Capital Contribution is defined in Section 2.3.1.

Required Capital Contribution means all Capital Contributions by a Member until such Member’s aggregate Capital Contributions to the Company equal such Member’s full Capital Commitment. For the avoidance of doubt, any interest component due in connection with a Catch-up Contribution shall be excluded for purposes of such Member’s Required Capital Contribution. [***]

Required Capital Contribution has the meaning set forth in Section 2.02(a).

Required Capital Contribution means any Capital Contribution for which such capital is required in connection with (i) the preservation, repair, operation and/or maintenance of the Properties, (ii) any emergency at the Properties, (iii) causing the Properties to comply with Laws,(iv) amounts required to comply with any leases or financing documents, (v) operating shortfalls,(vi) the payment of property taxes, or (vii) funding any other item or matter contemplated by the Current Company Budget and Plan. 1.1. Initial Capital Contributions The Capital Accounts for each of the Members shall be credited on the Effective Date as follows:

Required Capital Contribution means for the Fund on the date of any Contribution Event, a Capital Contribution in an amount sufficient for the Fund to maintain its net asset value per unit at no less than the Minimum Permissible NAV, after giving effect to the Contribution Event and all payments received by the Fund in respect of the Eligible Notes. The net asset value for purposes of calculating the amount of Required Capital Contribution shall exclude any account receivable or other asset representing the Support Provider’s obligations under this Agreement. Minimum Permissible NAV means such minimum NAV as determined by NTI will meet the requirements of the OCC Regulations with respect to valuation of the Fund pursuant to the Amortized Cost Method.