Subsidiary Contribution definition

Subsidiary Contribution has the meaning specified in Preliminary Statement (2).
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Subsidiary Contribution has the meaning set forth in Section 4.2.
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Subsidiary Contribution means any cash distributed, contributed or otherwise advanced, directly or indirectly, by Borrower to a Subsidiary, including by way of a cash intercompany loan or by way of a cash capital contribution made by Westaff Support to any Subsidiary using funds contributed, distributed or otherwise advanced by Borrower to Westaff Support for such purpose. Notwithstanding the foregoing, any non-cash contribution to any Subsidiary shall not be deemed a Subsidiary Contribution hereunder.
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Examples of Subsidiary Contribution in a sentence

  • Except in connection with the contribution of Subsidiary Contribution Funds to a Subsidiary Owner in accordance with Section 2.3 or as otherwise permitted under Section 6.5, no Borrower shall contribute, lend, pay to or otherwise transfer to or contract to transfer to any Subsidiary of any Borrower any Property or Cash.

  • Principal terms of the Acquisition Custodian Agreement Custodian amount: RMB64,000,000 (equivalent to approximately HK$69,824,000), i.e., the PRC Subsidiary Contribution Term: (i) The custodian obligations arise from the date when the PRC Subsidiary Contribution has been deposited with the Acquisition Custodian Account until such amount has been fully released in accordance with the terms of the Acquisition Custodian Agreement.

  • Any Participant who is not a Specified Employee at the time of his Separation From Service shall receive a single sum distribution of the entire value of the vested amounts credited to his Employer Contribution Account, Discretionary Contribution Account, Prior CSS Contribution Account, and Prior Subsidiary Contribution Account, as applicable, under the Plan within sixty (60) days following the Participant’s Separation Date.

  • If the Estimated Working Capital for any Westin Group other than Worldwide and its Subsidiaries is less than zero, LLC or the stockholders of such Westin Group shall deliver to the applicable Starwood Company, concurrently with the Subsidiary Contribution in respect of such Westin Group, an amount in cash equal to the amount of such deficit.

  • A Participant’s Account(s) shall consist of one or more of the following subaccounts: Employer Contribution Account, Discretionary Contribution Account, Prior CSS Contribution Account, Prior Subsidiary Contribution Account, Prior Grandfathered CSS Contribution Account and Prior Grandfathered Subsidiary Contribution Account.

  • Limitations on Uses of Proceeds of Canadian Subsidiary Contribution and Canadian Revolver Note 88 ARTICLE VII.

  • The Shareholders’ Agreement and the Purchaser’s Articles have also been signed on 28 December 2023 to regulate the shareholders’ rights and operations of the Purchaser, in particular, as regards the PRC Subsidiary’s obligations to make the PRC Subsidiary Contribution (being RMB64,000,000 (equivalent to approximately HK$69,824,000)) to the Purchaser (partly in the form of registered capital and partly as shareholder’s loan).

  • Upon completion of the Subsidiary Contribution, APG represents, warrants and confirms to PBT that APG will be a holding company, owning shares of APG Special Purpose Sub and APG Newco, with no other properties, assets, rights, interests, obligations or liabilities.

  • A Participant is fully vested in the Prior CSS Grandfathered Contributions and the Prior Grandfathered Subsidiary Contributions credited to his Prior Grandfathered CSS Contribution Account and Prior Grandfathered Subsidiary Contribution Account.

  • In connection with a Subsidiary Contribution, the contribution of the Contributed Assets and the Assumed Agreements, if any, and the assumption of all obligations thereunder, shall be evidenced by the Contribution and Assumption Agreement in substantially the form of Exhibit B attached hereto (the “Contribution and Assumption Agreement”).

Related to Subsidiary Contribution

  • Discretionary Contribution means the contribution made by the Employer on behalf of a Participant as described in Section 4.4(b).

  • Catch-Up Contribution means an Elective Deferral made to the Plan by a Catch-Up Eligible Participant that, during any taxable year of such Participant, exceeds one of the following:

  • Monetary Contribution means that part of the Public Benefits described as “Monetary Contribution” in clause 1 of Schedule 3 to be paid by the Developer to the City in accordance with this document. Occupation Certificate has the same meaning as in the Act.

  • Catch-Up Contributions means Salary Reduction Contributions made to the Plan that are in excess of an otherwise applicable Plan limit and that are made by Participants who are Age 50 or over by the end of their taxable years. An “otherwise applicable Plan limit” is a limit in the Plan that applies to Salary Reduction Contributions without regard to Catch-up Contributions, such as the limits on Annual Additions, the dollar limitation on Salary Reduction Contributions under Code Section 402(g) (not counting Catch-up Contributions) and the limit imposed by the Actual Deferral Percentage (ADP) test under Code Section 401(k)(3). Catch-up Contributions for a Participant for a taxable year may not exceed the dollar limit on Catch-up Contributions under Code Section 414(v)(2)(B)(i) for the taxable year. The dollar limit on Catch-up Contributions under Code Section 414(v)(2)(B)(i) is $1,000 for taxable years beginning in 2002, increasing by $1,000 for each year thereafter up to $5,000 for taxable years beginning in 2006 and later years. After 2006, the $5,000 limit will be adjusted by the Secretary of the Treasury for cost-of-living increases under Code Section 414(v)(2)(C). Any such adjustments will be in multiples of $500.

  • Voluntary Contributions means voluntary amounts contributed by a member or participating member into a health reimbursement account. However, to the extent required by applicable law, voluntary amounts shall not be contributed through a salary reduction election under a cafeteria plan pursuant to section 125 of the internal revenue code, 26 USC 125.

  • Cash Contribution refers to a direct payment of Contribution in Canadian currency.

  • Company Contribution means that portion of the main extension costs which the Company will fund based upon the following formula:

  • Cash contributions means the re- cipient’s cash outlay, including the outlay of money contributed to the re- cipient by third parties.

  • Qualified Non-Elective Contribution means any Employer contributions made pursuant to Section 4.1(c) and Section 4.6(b) and Section 4.8(f). Such contributions shall be considered an Elective Contribution for the purposes of the Plan and may be used to satisfy the "Actual Deferral Percentage" tests or the "Actual Contribution Percentage" tests.

  • Additional Contribution Each Member's pro-rata portion of a Required Amount, determined by multiplying the Required Amount by each Member's Interest.

  • Elective Contribution means the Employer's contributions to the Plan of Deferred Compensation excluding any such amounts distributed as excess "annual additions" pursuant to Section 4.10(a). In addition, any Employer Qualified Non-Elective Contribution made pursuant to Section 4.6 shall be considered an Elective Contribution for purposes of the Plan. Any such contributions deemed to be Elective Contributions shall be subject to the requirements of Sections 4.2(b) and 4.2(c) and shall further be required to satisfy the discrimination requirements of Regulation 1.401(k)-1(b)(5), the provisions of which are specifically incorporated herein by reference.

  • Elective Contributions are amounts excludible from the Employee's gross income under Code Sections 125, 402(a)(8), 402(h) or 403(b), and contributed by the Employer, at the Employee's election, to a Code Section 401(k) arrangement, a Simplified Employee Pension, cafeteria plan or tax-sheltered annuity. The term "Compensation" does not include:

  • Voluntary Contribution Account means the account established and maintained by the Administrator for each Participant with respect to his total interest in the Plan resulting from the Participant's nondeductible voluntary contributions made pursuant to Section 4.12.

  • Additional contributions means contributions made by a member of a defined benefit plan to

  • Qualified Nonelective Contributions means contributions of the Plan Sponsor or an Affiliate, other than Matching Contributions or Elective Deferrals, which are nonforfeitable when made, and which would be nonforfeitable regardless of the age or service of the Employee or whether the Employee is employed on a certain date, and which may not be distributed, except upon one of the events described under Code Section 401(k)(2)(B) and the regulations thereunder.

  • Accumulated contributions means the sum of all

  • Company Contributions means the contributions made by the Company pursuant to Section 3.3.

  • Delayed contribution payment means an amount paid by an employee for purchase of current service. The amount shall be determined using the same formula in KRS 61.5525, and the payment shall not be picked up by the employer. A delayed contribution payment shall be deposited to the member's account and considered as accumulated contributions of the individual member. In determining payments under this subsection, the formula found in this subsection shall prevail over the one found in KRS 212.434;

  • Member contributions means all amounts paid to ASRS by a member.

  • Equity Contributions means the equity to be contributed by the Equity Investor to Borrower, in accordance with and subject to the terms of the Partnership Agreement.

  • Charitable contribution means any donation or gift of money or any other thing of value.

  • Non-Elective Contribution means the Employer contributions to the Plan excluding, however, contributions made pursuant to the Participant's deferral election provided for in Section 4.2 and any Qualified Non-Elective Contribution used in the "Actual Deferral Percentage" tests.

  • Qualified Nonelective Contribution (QNEC) means the Employer's contributions to the Plan that are made pursuant to Sections 12.1(a)(4), 12.5 and 12.7 or pursuant to any other Plan provision which provides for such contributions.

  • Nonelective Contribution means an amount contributed by a participating

  • Rollover Contribution means any rollover contribution to the Plan made by a Participant as may be permitted under Article V.

  • Qualified Matching Contributions means Matching Contributions which are immediately nonforfeitable when made, and which would be nonforfeitable, regardless of the age or service of the Employee or whether the Employee is employed on a certain date, and which may not be distributed, except upon one of the events described under Section 401(k)(2)(B) of the Code and the regulations thereunder.