Examples of Second Capital Contribution in a sentence
Asset Management AgreementNSV Residential LLC is obligated under the terms of Amended and Restated Operating Agreement dated March 24, 2016 between NSV Residential Managing Member LLC and the Investor Members (“Operating Agreement”) to pay the special investment member a $5,000 annual asset management fee commencing in the year of the Second Capital Contribution.
After satisfaction of all of the conditions set forth below, review and approval by AHF of the items described below, and delivery by Wichita GP to AHF of the Second Payment Certificate, but in no event earlier than October 1, 2023, AHF shall make the Second Capital Contribution in the amount of $1,463,319.00, subject to reduction and withholding as provided in Sections 5.1(c) and 5.4 of this Agreement.
AHF shall have received all items which were required as a condition to the First Capital Contribution but which AHF deferred until the Second Capital Contribution, plus all post-closing conditions shall have been satisfied.
The funds contributed as the Second Capital Contribution shall be used to pay Development Costs.
Set out below is the agreed contributions by the JV Parties in respect of the Second Capital Contribution and their respective equity interests in the JV Company immediately upon the Second Closing.
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.
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.
Intellectual Property .....................................................................................................................VI-5 1.
Each of the First Capital Contribution and the Second Capital Contribution, for which Top Sense is responsible, will be funded by the Group’s internal resources and/or borrowings and/or future fund raising exercise.The First Capital Contribution Subject to the satisfaction and fulfillment of the First Closing Conditions, the First Capital Contribution shall be in a total amount of HK$37,800,000.
AHF shall have received a certificate from the General Partner that the representations, warranties and covenants in Article 4 and Section 6.18 of this Agreement are true and accurate in all material respects as of the date of the proposed Second Capital Contribution and that the General Partner and the Partnership are not in default of any of their obligations hereunder and under the Project Documents as of the date of the proposed Second Capital Contribution.