Total Capital Commitment definition
Examples of Total Capital Commitment in a sentence
The Company shall have no obligation to issue any shares of Series G Preferred Stock to the Subscriber unless and until the Subscriber has made to the Company, and the Company has accepted, full payment of the Subscriber’s Total Capital Commitment as set forth in the Subscription Schedule.
The Company may terminate its obligations under this Agreement at any time prior to the Company’s acceptance of full payment of the Total Capital Commitment and be relieved of all further obligations under this Agreement without thereby waiving any other rights the Company may have.
The amount of the JY’s Total Capital Commitment was determined after arm’s length negotiations between the parties, taking into account, among other factors, the funding need for the Project in respect of the land price of the Land and the shareholding structure of the Target Company.
The Manager and affiliates of the Manager also will purchase Class A Units representing five percent (5%) of the Total Capital Commitment.
Capital contributions following the Initial Capital Contribution shall be made by the Members, pro rata, in accordance with its respective Total Capital Commitment, when called by the Manager as needed to fund investments, Fund expenses, and other obligations of the Fund, pursuant to a written call notice to each Member (each, a “Capital Call Notice”).