Contribution Provisions. 1. The Employer shall contribute as follows: (Choose all that apply, but at least one of Options A or B. If Option A is not selected, Employer must pick up Mandatory Participant Contributions under Option B.)
Contribution Provisions. (a) As a result of the transactions contemplated by this Agreement, each Borrower will benefit, directly and indirectly, from each Borrower’s obligation to pay the Indebtedness and perform the Obligations and in consideration therefore each Borrower agrees among themselves as set forth in this Section 5.38 to allocate such benefits among themselves and to provide a fair and equitable agreement to make contributions among each of Borrowers in the event any payment is made by any individual Borrower hereunder to Agent (such payment being referred to herein as a “Contribution,” and for purposes of this Section 5.38, includes any exercise of recourse by Agent against any Collateral of a Borrower and application of proceeds of such Collateral in satisfaction of such Borrower’s obligations, to Agent under the Loan Documents).
Contribution Provisions. Upon the terms and subject to the conditions of this Agreement, the events set forth in this Article 2 shall be effected as of the IPO Closing Date. The contribution of the Properties to the Partnership pursuant to this Article 2 shall constitute "Capital Contributions" pursuant to Section 4.1 of the Partnership Agreement and are intended to be governed by Section 721 of the Code.
Contribution Provisions. (a) Each of the Subsidiaries acknowledges and agrees that because the Obligations are joint and several, each of the Borrowers has a direct and material interest in preventing the occurrence of an Event of Default under this Agreement and the other Loan Documents. Accordingly, from and after the date hereof, each of the Subsidiaries is willing to commit to make or receive loans (each an “Intra-Borrower Loan”, and collectively, the “Intra-Borrower Loans”) in order to provide for the payment of all amounts due under the Loan Documents and, in so doing, to avoid an Event of Default thereunder. Each Borrower acknowledges and agrees that Lenders is an intended third party beneficiary of the Borrowers’ obligations hereunder. A Borrower that makes payment in excess of its Allocated Loan Amount, or in the case of interest payments, in excess of the interest accrued on its Allocated Loan Amount, or whose Property is applied to any payment of the Loan in excess of such Borrower’s Allocated Loan Amount is referred to in this Agreement as the “Creditor” and any Borrower that does not timely pay its Allocated Loan Amount and interest thereon is referred to in this Article 10 as the “Debtor.” A Creditor shall be deemed to have made an Intra-Borrower Loan to the Debtor in the amount by which the payments by the Creditor or application of its property exceeds the Creditor’s Allocated Loan Amount, or in the case of interest payments, in excess of the interest accrued on its Allocated Loan Amount (the “Intra-Borrower Loan Amount”). Such Intra-Borrower Loan shall not be secured, and will bear interest at the rate of interest in effect from time to time under the Loan. Accrued but unpaid interest shall not be compounded. Each Intra-Borrower Loan is a recourse obligation only of the Debtor who owes such Intra-Borrower Loan. Intra-Borrower Loans may be prepaid at any time without penalty or premium.
Contribution Provisions. Seller shall not enter into any additional warehouse lines of credit, purchase facilities, repurchase facilities, off-balance sheet funding facilities (whether committed or uncommitted) or any similar contractual arrangement under which it is jointly and severally liable with any other Person unless such contractual arrangement contains contribution rights to the same extent as exist herein under Section 30(d) and related provisions.
Contribution Provisions. 10 2.1 Partnership Merger Contributors...................................... 10 2.2 Stock Contributors; Partnership Merger............................... 10 2.3
Contribution Provisions. CONTRIBUTIONS -- During each contract year, the Contract Owner will remit to the Company all contributions to be made on behalf of the Participant. Net contributions will be applied by the Company to the Fixed Account and/or the Separate Account(s) for accumulation units in the Separate Account(s) on behalf of a Participant in accordance with the valuation provisions and the instructions of the Contract Owner or, with the consent of the Contract Owner, the instructions of the Participant. The minimum contribution which may be made at any time on behalf of any Participant is $30, except where the Plan requires a lesser amount which in any event may not be less than $10.
Contribution Provisions. 8 2.1 [Intentionally Omitted]................................................................8 2.2 [Intentionally Omitted]................................................................8 2.3
Contribution Provisions. CONTRIBUTION: The Contribution is shown on the Contract Schedule. This is a single Contribution Contract. The Company reserves the right to reject any Application or Contribution.
Contribution Provisions. 1. The Employer shall contribute as follows (Choose all that apply):
