Examples of Subsidiary Contribution in a sentence
Limitations on Uses of Proceeds of Canadian Subsidiary Contribution and Canadian Revolver Note.
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.
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 shall become vested in the Prior CSS Contributions and the Prior Subsidiary Contributions credited to his Prior CSS Contribution Account and Prior Subsidiary Contribution Account for periods prior to the Effective Date at the time(s) such amounts would have become vested under the terms of the Prior CSS Plan and Prior Subsidiary Plan, as applicable, immediately prior to the Effective Date.
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.
Any Participant who is 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 first day of the seventh month of the Participant’s Separation Date.
Limitations on Uses of Proceeds of Canadian Subsidiary Contribution and Canadian Revolver Note 88 ARTICLE VII.
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.
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.
In the event the Estimated Working Capital for any Westin Group is zero, the cash portion of the Merger Consideration (in the case of Worldwide and its Subsidiaries) or the Subsidiary Contribution relating to such Westin Group (in the case of any Westin Group other than Worldwide and its Subsidiaries), as applicable, shall not be adjusted.