Examples of Subsequent Contribution in a sentence
Contribution Method Minimum Initial Contribution Minimum Subsequent Contribution Check $25* None Automated Funding Service or Payroll direct deposit None None * The minimum Contribution may be reduced or waived in certain circumstances.
Subsequent Contribution Minimums: Depending on how you make your subsequent Contribution, different minimums apply.
No Member shall be deemed to be in default hereunder for failure to make any Subsequent Contribution.
The amount of the Term Loans that is actually funded on each Subsequent Closing Date shall, subject to Section 2.04 of the JV Agreement, be determined by the Borrower in its sole discretion (which amount may be zero, and subject to a maximum amount equal to the Xxxxxx Subsequent Contribution Amount for the applicable Subsequent Contribution), and set forth in a written notice delivered by the Borrower to the Lender at least three (3) Business Day prior to the applicable Subsequent Closing Date.
For clarity, CSEC’s payment obligations herein shall only arise in the event of a failure by the Foundation to make the full Initial Contribution or Subsequent Contribution, as the case may be, and The City acknowledges that it is not intended that the Foundation and CSEC be jointly and severally liable to make such annual payments.