Examples of Shortfall Contribution in a sentence
If there is more than one Contributing Member that desires to make a Shortfall Contribution, then the Contributing Members shall make such Shortfall Contribution in proportion to their respective Percentage Interests or in such other proportions as they may agree to in writing.
Energy Administration, Energy Supply Company Administration and Smart Meter Communication Licensee Administration: Shortfall Contribution Obligations 53PART II.
The Partnership shall issue Shortfall Return Interests to any Preferred Partner that makes a Shortfall Contribution in proportion to the amount of Shortfall Contributions made by such Preferred Partner (relative to other Preferred Partners).
Upon the making of any Shortfall Contributions, Company shall issue to Member making a Shortfall Contribution a number of Shortfall Return Units corresponding to the aggregate cash consideration paid by Member in consideration for such Shortfall Return Units and, in connection therewith, Company shall record in its books and records and track the amount of Shortfall Contributions made by Member.
Each Contributing Member shall have the right, thereafter, within three days after receipt of the Shortfall Notice to contribute all or a portion of such Member(s)’ Shortfall Amount to the Company (a “Shortfall Contribution”), in which event such Shortfall Contribution shall be treated as a loan to the Declining Member (each, a “Member Loan”).