Unpaid Contribution definition

Unpaid Contribution has the meaning set forth in Section 3.4 hereto.
Sample 1
Unpaid Contribution has the meaning set forth in Section 5.07(a).
Sample 1
Unpaid Contribution has the meaning contained in Section 3(b)(ii).
Sample 1

Examples of Unpaid Contribution in a sentence

  • To the extent the Unpaid Contribution is contributed by any other Member, the defaulting Member’s Percentage shall be reduced and the Percentage of each Member who makes up the Unpaid Contribution shall be increased, so that each Member’s Percentage is equal to a fraction, the numerator of which is that Member’s total Capital Contribution and the denominator of which is the total Capital Contributions of all Interest Holders.

  • To the extent the Unpaid Contribution is contributed by any other Member, the defaulting Member’s ownership of Units shall be reduced and the Units of each Member who makes up the Unpaid Contribution shall be increased, so that each Member owns that number of Units equal to the product of the total number of outstanding Units multiplied by a fraction, the number of which is that Member’s total Capital Contributions and the denominator of which is the total Capital Contributions of all Members.

  • If any Member or Members replaces the Unpaid Contribution, then Percentage Interests shall be adjusted as set forth in this Section 3.4(f)(i).

  • The Non-paying Member’s Unpaid Contribution would therefore be $100,000, and the reduction in the Non-paying Member’s Percentage Interest would be ($100,000/$4,000,000) x 50 x 1.2 = 1.50 percentage points.

  • To the extent the Unpaid Contribution is contributed by any other Partner, the defaulting Partner's Percentage shall be reduced and the Percentage of each Partner who makes up the Unpaid Contribution shall be increased, so that each Partner's Percentage is equal to a fraction, the numerator of which is that Partner's total Capital Contributions and the denominator of which is the total Capital Contributions of all Partners.

  • All adjustments to Percentage Interests shall take effect as of the first day of the month in which the Unpaid Contribution was due.

  • The Complying Members, or so many of them as consent to do so, may contribute additional Capital Contributions to the Company to cover the Unpaid Contribution, with all Members’ Capital Accounts to be adjusted as follows: All other Members shall have the right to replace the Unpaid Contribution by contributing more than their share of additional Capital Contribution in proportion to their respective Percentage Interests.

  • The Percentage Interests of the Complying Member or Members who have replaced the Unpaid Contribution shall be increased by the same amount, apportioned among them according to the shares of the Unpaid Contribution each of them has replaced.

  • The Non-paying Member’s Percentage Interest would therefore be reduced to 8.50% [i.e., 10% - 1.50% = 8.50%], and the Percentage Interests of those Complying Members who have replaced the Unpaid Contribution would be increased by such amount (divided among them according to the portions of the Unpaid Contribution they have provided).

  • For purposes of the preceding sentence, the Non-Defaulting Partners which elect to pay a portion or all of the Unpaid Contribution shall have the right to do so proportionately (i.e., determined by dividing the Percentage Interest of an electing Non-Defaulting Partner by the Percentage Interests of all Non- Defaulting Partners who elect to make such payments) or in such other manner as the electing Non-Defaulting Partners may mutually agree upon.


More Definitions of Unpaid Contribution

Unpaid Contribution has the meaning given to that term in Section 10.02(a).
Sample 1

Related to Unpaid Contribution

  • Accumulated contributions means the sum of all

  • In-kind contribution means a contribution of goods or services received by a candidate committee, joint candidates committee, political committee, continuing political committee, political party committee, or legislative leadership committee, which contribution is paid for by a person or entity other than the recipient committee, but does not include services provided without compensation by an individual volunteering a part of or all of his or her time on behalf of a candidate or committee.

  • 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:

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

  • 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;

  • Employer Contribution means the amount paid by an employer, as determined by the employer rate, including the normal and deficiency rates, contributions, and funds wherever used in this chapter.

  • Contribution Period means the period specified in Article VI for which Employer Contributions shall be made.

  • 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.

  • In-kind contributions means services and goods as approved by the department that are provided by a grant recipient toward completion of a department-approved local snowmobile program under section 82107.

  • Contribution Date has the meaning set forth in Section 4.3 hereof.

  • Contribution Percentage Amounts means the sum of the Employee Contributions, Matching Contributions, and Qualified Matching Contributions (to the extent not taken into account for purposes of the ADP test) made under the Plan on behalf of the participant for the Plan Year. Such Contribution Percentage Amounts shall not include Matching Contributions that are forfeited either to correct Excess Aggregate Contributions or because the contributions to which they relate are Excess Deferrals, Excess Contributions, or Excess Aggregate Contributions. If so elected in the adoption agreement the Employer may include Qualified Nonelective Contributions in the Contribution Percentage Amounts. The Employer also may elect to use Elective Deferrals in the Contribution Percentage Amounts so long as the ADP test is met before the Elective Deferrals are used in the ACP test and continues to be met following the exclusion of those Elective Deferrals that are used to meet the ACP test.

  • Nonelective Contribution means an amount contributed by a participating

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

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

  • Annual Contribution means the annual payment to the Fund made by each Member in return for Coverage by the Fund for a Fund Year;

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

  • Contribution Value means the fair market value as reasonably determined by the General Partner of property (other than cash) contributed by a Partner to the Partnership (net of liabilities secured by such contributed property that the Partnership is treated as assuming or taking subject to pursuant to the provisions of Section 752 of the Code).

  • Initial Contribution means that contribution each Participant has made or agrees to make pursuant to Section 5.1.

  • Contributions means the payroll deductions and other additional payments specifically provided for in the Offering that a Participant contributes to fund the exercise of a Purchase Right. A Participant may make additional payments into his or her account if specifically provided for in the Offering, and then only if the Participant has not already had the maximum permitted amount withheld during the Offering through payroll deductions.

  • 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.

  • Excess Contribution With respect to any Plan Year, the excess of: (a) the aggregate amount of Employer contributions actually taken into account in computing the ADP of Highly Compensated Employees for such Plan Year, over (b) the maximum amount of such contributions permitted by the ADP Test (determined by hypothetically reducing contributions made on behalf of Highly Compensated Employees in order of the ADPs, beginning with the highest of such percentages).

  • Qualified Matching Contribution means any employer contribution allocated to an Eligible Employee's account under any plan of an Employer or a Related Company solely on account of "elective contributions" made on his behalf or "employee contributions" made by him that is a qualified matching contribution as defined in regulations issued under Code Section 401(k), is nonforfeitable when made, and is distributable only as permitted in regulations issued under Code Section 401(k).

  • Contribution Amounts the aggregate amount of capital contributions applied by the Borrower to permit the Incurrence of Contribution Indebtedness pursuant to Subsection 8.1(b)(xi).

  • 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.

  • Qualifying contribution means, with respect to a

  • 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.