Examples of Second Capital Contribution in a sentence
By executing this Agreement, Yucaipa agrees, and each other Member acknowledges and accepts, that if Simon does not make any or all of its respective Second Capital Contribution or Third Capital Contribution to the Company, subject to Simon’s Maximum Member Funding Amount, then Yucaipa shall be required to make the amount of such contribution that Simon has not made in the stead of Simon, subject to the same rights and penalties as set forth herein.
If any Member fails to timely make all or a portion of any Mandatory Capital Contribution to the Company, whether directly, or in the case of a Second Capital Contribution by Simon or a Third Capital Contribution by Simon, both directly by Simon and indirectly by Yucaipa (a “Funding Default”), such Member will be in default under this Agreement (a “Defaulting Member”).
Should Yucaipa make such Second Capital Contribution, Yucaipa shall be admitted as an Initial Member (including, for the sake of clarity, as a Member) and all other parties hereto hereby consent to such admission.
The Initial Capital Contribution, the Second Capital Contribution (other than solely with respect to Simon as permitted and provided under Sections 4.3.2, 4.3.3 and 4.3.4).
The Downward Adjustor shall first reduce the Second Capital Contribution (if it has not previously been funded), and then to the extent necessary, the Third Capital Contribution, and then to the extent necessary, the Fourth Capital Contribution.
Amount of Initial Capital Contribution (due upon acceptance): $ ($1,000 minimum contribution) Amount of Second Capital Contribution (due within 30 days of notice the Following Year): $ (Same amount as Initial Capital Contribution) Xxxxxx Xxxxx, in his capacity as the Manager of the Company, xxxxxx accepts this Xxxxxxx and admits the party or parties identified above as a Member of the Company as of the date written below.
AHF shall have received satisfactory evidence that the Applicable Fraction (as defined in Section 42(c)(1)(B) of the Code) for the Apartment Complex equals or exceeds 40% determined as of the date of the Second Capital Contribution.
Xxxx 7,059 7,059 72,941 72,941 0 N/A –None Total 635,294 635,294 364,706 364,706 0 N/A –None Percentage 63.529% 63.529% 36.471% 36.471% 0 N/A –None Total 635,294 635,294 364,706 364,706 111,112 N/A –None Fully Diluted Percent of total 57.176% 63.529% 32.824% 36.471% 10.000% N/A –None CAPITAL CONTRIBUTIONS 1 Member Initial Capital Contribution Second Capital Contribution Third Capital Contribution Maximum Member Funding Amount Simon $ 3,150,000 $ 1,850,000 $ 3,500,000 $8,500,000 Yucaipa None.
XxXxxx or his wife or children shall own and control, directly or indirectly, a beneficial interest of at least 8.2% in the General Partner for a period of seven years after the Second Capital Contribution Date and (ii) either (x) Xxxxxx X.
SUMMARY: THE COURT ADJUDICATES AND DECREES the water rights of the United States of the America for the Coronado National Memorial as set forth in the twenty-four abstracts of water rights stipulated by the parties and described in Special Master Schade’s report of May 15, 2003.