Working Capital Contribution definition

Working Capital Contribution is defined in Section 3.4 hereof.

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Working Capital Contribution means the amount payable to the Company each Fiscal Year by each of the Members for the Company’s working capital requirements pursuant to Section 5.3.

Working Capital Contribution shall have the meaning given to it in the Operating Agreement.

Examples of Working Capital Contribution in a sentence

• Any failure to fund the Working Capital Contribution in strict accordance with such schedules shall be deemed to be a material breach of this Operating Agreement.

• Any disagreements between the Company and the Investor Representative (on behalf of the holders of such Subsidiary Stock Purchase Rights) concerning the value of any Working Capital Contribution (other than cash and marketable securities) or the other calculations provided for in this Section 1.3(b) shall be determined pursuant to the Dispute Resolution Mechanism.

• In the event that, prior to the Specified Date with respect to an Operating Subsidiary, equity is issued by such Operating Subsidiary to the Company or any of its other Subsidiaries in exchange for a Working Capital Contribution, the Company agrees that the equity will be in the form of additional securities (rather than in the form of a modification to the conversion price or other terms of existing securities held by the Company in such Operating Subsidiary).

• To the extent that the value of such investments made by the Company (or any of its other Subsidiaries) following the Closing Date exceeds $5,000,000 in the aggregate with respect to an Operating Subsidiary, (the amount of any such excess, a "Working Capital Contribution"), such Operating Subsidiary may, in exchange for such Working Capital Contribution, issue debt or equity to the Company.

• Any Working Capital Contribution as defined in Section 3.4 shall also be considered as a Capital Contribution and such contribution shall not result in a change to the Member Percentage of any Member.

• On the date hereof, Patriot and TPL shall each make an Initial Working Capital Contribution to the Company of Two Million Dollars ($2,000,000), for an aggregate Initial Working Capital Contribution of Four Million Dollars ($4,000,000).

• Upon approval of each Annual Budget, NBGV shall fund the Working Capital Contribution in accordance with the schedule outlined in each Annual Budget, including any amendments thereto, until the full Working Capital Contribution has been funded.

• For purposes hereof, the "Contract Working Capital Contribution" shall mean the result obtained by multiplying (a) the total amount of revenue to be received under the Contract by (b) one minus the gross margin realized under the Contract (expressed as a percentage).

• Additional Property annexed into the Property may have a different or additional Working Capital Contribution, as established in the subject Supplement.

• The Working Capital Contribution shall be paid to the Association and shall be used for operating expenses and other costs and expenses incurred by the Association pursuant to the terms of the Governing Documents and as determined by the Board.

More Definitions of Working Capital Contribution

Working Capital Contribution means $25,000,000 with respect to the Initial Closing and $0 at each subsequent Closing.

Working Capital Contribution is defined in Section 2A.9(b)

Working Capital Contribution means AppNet's post-Closing contribution to the capital of I33, of the amount set forth in and as such term is defined in Section 3.4.

Working Capital Contribution means the sum of up to $3,000,000.00 to be advanced at the reasonable discretion of the Subscriber, having regard for the operating cash requirements of the Corporation, as a non-interest-bearing shareholder loan, to be used by the Corporation as required for general working capital purposes, including but not limited to operational expenses, Inventory purchases, and other business expenditures in the Ordinary Course. The Working Capital Contribution shall not be treated as equity or as part of the Subscription Price and shall be repayable only in accordance with the terms and conditions to be mutually agreed upon by the Subscriber, Viking and the Corporation, which shall include, among other things, subordination and postponement to the New Remora Notes, the Simmax Note, the New Simmax Notes and the New Viking Notes.

Working Capital Contribution has the meaning set forth in Section 4.01.