Additional Contributions to Pay Dividends Sample Clauses

Additional Contributions to Pay Dividends. In the event that, in any fiscal year (i) the board of directors of HI resolves to declare a cash dividend on the retractable common shares of HI which is permitted under the Indenture, and (ii) after giving effect to the Annual Support Payment paid by RMI to HI under the Support Agreement, HI does not have sufficient cash to pay such dividend (the "Dividend Cash Shortfall"), then RMI will contribute to HI an amount equal to the Dividend Cash Shortfall, as follows:
Sample 1
AutoNDA by SimpleDocs

Related to Additional Contributions to Pay Dividends

  • Additional Contributions The Member is not required to make any additional capital contribution to the Company. However, the Member may at any time make additional capital contributions to the Company in cash or other property.

  • Additional Capital Contributions No Member shall be required to make additional capital contributions. A Member may make additional capital contributions to the Company.

  • No Additional Capital Contributions Except as otherwise provided in this Article V, no Partner shall be required to make additional Capital Contributions to the Partnership without the consent of such Partner or permitted to make additional capital contributions to the Partnership without the consent of the General Partner.

  • Capital Contributions and Distributions The Member may make such capital contributions (each a “Capital Contribution”) in such amounts and at such times as the Member shall determine. The Member shall not be obligated to make any Capital Contributions. The Member may take distributions of the capital from time to time in accordance with the limitations imposed by the Statutes.

  • 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.

  • Additional Funds and Capital Contributions .. 22 Section 4.4 Stock Option Plan................................... 23 Section 4.5 No Interest; No Return.............................. 24 Section 4.6 Conversion or Redemption of Preferred Shares........ 24

  • Capital Contributions Capital Accounts The capital contribution of the Sole Member is set forth on Annex A attached hereto. Except as required by applicable law, the Sole Member shall not at any time be required to make additional contributions of capital to the Company. The capital accounts of the members shall be adjusted for distributions and allocations made in accordance with Section 8.

  • Initial Contributions The Members initially shall contribute to the Company capital as described in Schedule 2 attached to this Agreement.

  • Capital Contributions Distributions 10 SECTION 5.1

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