Examples of Total Capital Contributions in a sentence
NVTA Project Funding actually received and retained by MWAA shall be credited 16.1% to Fairfax, 4.1% to MWAA Non-DTR Funds, 4.8% to Loudoun County, and 75% to DTR Funds, as those terms are used in Section 2.2(b)(1) of the Funding Agreement, for purposes of computing the Total Capital Contributions of each party to the Funding Agreement.
For example, if DF’s Total Capital Contributions equal $26,000,000, then DF’s Percentage Interest would be reset to 67.53% ($26,000,000/($26,000,000 + $12,500,000)).
However, on the Funding Termination Date, subject to paragraph 3 below, DF’s Percentage Interest shall be reduced if DF’s Total Capital Contributions do not equal the Total Investment Funds, which Percentage Interest shall be recalculated as follows: DF’s Percentage Interest shall equal DF’s Total Capital Contributions made up to the Funding Termination Date (“DF’s Total Capital Contributions”) divided by DF’s Total Capital Contributions plus $12,500,000.
Under the JV Agreements, the Group is required to pay for 20% of the Total Capital Contributions within three months with the remaining balance to be settled within 24 months, following the establishment of the relevant Joint Ventures.
Statements of Revenues, Expenses, and Changes in Net Position for the years ended June 30, 2017 and 2016 2017 2016 Sewer service charges$ 3,189,798$ 3,199,004Operating expenses 2,636,408 2,373,027 Net Operating Income (Loss) 553,390 825,977 Ad valorem taxes289,233279,036Other non-operating revenues70,27455,117 Total Capital Contributions andNon-Operating Revenues (Expense) 359,507 334,153 Change in Net Position $ 912,897 $ 1,160,130 Sewer service charges decreased $(9,206) from 2016 to 2017.
Notwithstanding this, the Directors also confirmed that the Group has the alternative to deploy part of the net proceeds of the top-up placement of the Shares effected by the Company in February 2007, which have been earmarked for the general working capital of the Group, to fulfil its obligations in respect of the Total Capital Contributions for contingency purposes.
Continued) Total Capital Contributions $ 1,912,824 $ 9,561,655 $ 7,648,831 Change in Net Position $ (3,117,626) $ 7,297,917 $ 10,415,543 2.
Total Capital Contributions decreased by $79,089 primarily due to a decrease in capital improvement activities during the fiscal year.Capital Asset and Debt ActivityAt the end of fiscal year 2020, the Authority's capital assets had decreased primarily due to the depreciation expense exceeding the net of additions and disposals of fixed assets.
Statements of Revenues, Expenses, and Changes in Net Positionfor the years ended June 30, 2019 and 2018 2019 2018 Sewer service charges$ 3,286,846$ 3,190,112Operating expenses 2,974,450 2,679,670 Net Operating Income 312,396 510,442 Ad valorem taxes364,315351,726Other non-operating revenues (expense) (165,803) (40,378) Total Capital Contributions andNon-Operating Revenues 198,512 311,348 Change in Net Position $ 510,908 $ 821,790 Sewer service charges increased $96,734 from 2018 to 2019.
We are advised by the Directors that it is the Company’s current intention that the Total Capital Contributions are to be primarily funded by dividend payments from its associated companies, and in particular, the distributions to be declared and paid by Shanghai Maple Guorun Automobile Company Limited and Zhejiang Geely Automobile Company Limited, for the two financial years ending 31 December 2007.