Accelerated Contribution Sample Clauses

Accelerated Contribution. (i) Within five Business Days after the occurrence of an Acceleration Event or within five Business Days of receipt of an Acceleration Event Notice (the “Accelerated Contribution Date”), each Member shall make an Equity Contribution in an amount equal to such Member’s Accelerated Contribution Amount, which shall be made by paying or depositing such Accelerated Contribution Amount as directed by the Administrative Agent acting at the direction of the Required Lenders.
Sample 1
AutoNDA by SimpleDocs
Accelerated Contribution. If, on or before December 31, 2023, (i) Executive’s employment is Involuntarily Terminated, (ii) Executive Terminates For Good Reason, (iii) Executive dies before both the JBA Date and his Separation From Service (a “Qualifying Death”), or (iv) there is a Change in Control, then the ALB shall then be credited with an additional amount as needed so that its aggregate balance equals the Maximum Total Contribution.
Sample 1
Accelerated Contribution. Upon the occurrence and during the continuance of any Acceleration Event, the Administrative Agent shall be permitted to instruct the Collateral Agent in writing to, and, if so instructed, the Collateral Agent shall, deliver a written demand to the Parent requesting payment by the Parent of the Accelerated Contribution Amount as of such date and providing notice to the Parent of the occurrence of such Acceleration Event. Within three Business Days following such demand (the “Accelerated Contribution Date”), the Parent shall pay to the Collateral Agent for application in accordance with the Collateral Agency Agreement the Accelerated Contribution Amount in full pursuant to Section 2.01(c). Upon the occurrence of any Acceleration Event, the Accelerated Contribution Amount of the Parent shall automatically become due and payable without (except as expressly set forth in the preceding sentence) presentment, demand, protest or other notice of any kind, all of which are hereby waived by the Parent. Upon the payment by the Parent of the Accelerated Contribution Amount to the Collateral Agent, the Parent shall be deemed to have made an equity contribution to the Borrower in the amount of such Accelerated Contribution Amount.
Sample 1

Related to Accelerated Contribution

  • Employer Contribution (a) An Employer contribution for health and dental benefits will only be made for each active employee who has at least eighty (80) paid regular hours in a month and who is eligible for medical insurance coverage, unless otherwise required by law.

  • Retirement Contribution The State shall, as permitted by 5 M.R.S.A. §17702 §§s5 and 6, pay the cost of the 6.5% or 7.5% retirement contribution for employees in the following classifications. Corrections Firearms Instructor Oil & Hazardous Material Responder I Oil & Hazardous Material Responder II

  • Voluntary Employee Contributions (i) Subject to the governing rules of the relevant superannuation fund, an employee may, in writing, authorise their employer to pay on behalf of the employee a specified amount from the post- taxation wages of the employee into the same superannuation fund as the employer makes the superannuation contributions provided for in Clause 24(b).

  • Maximum Contribution The total amount you may contribute to an IRA for any taxable year cannot exceed the lesser of 100 percent of your compensation or $6,000 for 2019 and 2020, with possible cost- of-living adjustments each year thereafter. If you also maintain a Xxxx XXX (i.e., an IRA subject to the limits of Internal Revenue Code Section (IRC Sec.) 408A), the maximum contribution to your Traditional IRAs is reduced by any contributions you make to your Xxxx IRAs. Your total annual contribution to all Traditional IRAs and Xxxx IRAs cannot exceed the lesser of the dollar amounts described above or 100 percent of your compensation.

  • Matching Contributions The Employer will make matching contributions in accordance with the formula(s) elected in Part II of this Adoption Agreement Section 3.01.

  • Retirement Contributions On behalf of employees, the State will continue to “pick up” the six percent (6%) employee contribution, payable pursuant to law. The parties acknowledge that various challenges have been filed that contest the lawfulness, including the constitutionality, of various aspects of PERS reform legislation enacted by the 2003 Legislative Assembly, including Chapters 67 (HB 2003) and 68 (HB 2004) of Oregon Laws 2003 (“PERS Litigation”). Nothing in this Agreement shall constitute a waiver of any party’s rights, claims or defenses with respect to the PERS Litigation.

  • Payment of Contributions The College and eligible academic staff members of the plan shall each contribute one-half of the contributions to the Academic and Administrative Pension Plan.

  • Full Employer Contribution - Basic Eligibility Employees covered by this Agreement who are scheduled to work at least seventy-five (75) percent of the time are eligible for the full Employer Contribution. This means:

  • Employee Contributions Any member of the bargaining unit who is hired on or after September 1, 2010 is eligible to make a voluntary contribution to the City=s Deferred Compensation Plan offered by Ameritas.

  • Catch-Up Contributions In the case of a Traditional IRA Owner who is age 50 or older by the close of the taxable year, the annual cash contribution limit is increased by $1,000 for any taxable year beginning in 2006 and years thereafter.

Time is Money Join Law Insider Premium to draft better contracts faster.