Contribution Requests Sample Clauses

Contribution Requests. If at any time, BREA determines in good faith that (i) the Company requires additional capital to meet its financial obligations or (ii) that raising additional capital for additional investment purposes is advisable and in the best interest of the Company (provided, however, such additional investments shall not include additional facilities unless they are contiguous or adjacent to Properties existing as of the date hereof), then upon approval by the Board of Directors pursuant to Section 5.12, BREA may submit a written contribution request (a “Contribution Request”) to the Common Members describing such capital requirements and setting forth each Common Member’s required contribution. BREA may rescind any Contribution Request at any time and may submit Contribution Requests to the Common Members no more frequently than once each month, unless there is an emergency, in which event BREA shall immediately notify the Common Members in writing. Administrative Member shall have the obligation to notify BREA of anticipated capital requirements, in which event BREA may submit a Contribution Request.
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Contribution Requests. The Borrower shall deliver to the Equity Investor a written request (a “Contribution Request”), with a copy to the Collateral Agent, at any time that a Project Cost Funding Contribution is reasonably anticipated to be required in accordance with Section 2.1(a)(i). Each Contribution Request shall specify the Project Costs then incurred, the amount of such Contribution Request, the Equity Investor’s Holdco Percentage of such amount (the “Contribution Amount”) and the requested date of contribution (which shall be at least ten (10) calendar days following the date of such Contribution Request) (the “Contribution Date”). No later than the applicable Contribution Date, the Equity Investor shall pay or cause to be paid to the Collateral Agent its Contribution Amount pursuant to Section 2.1(b).
Sample 1
Contribution Requests. If Managing Member reasonably anticipates that there will be Negative Cash Flow for any given calendar month or that all or a portion of a Financing Shortfall must be funded during any such calendar month, then at least ten (10) days prior to the first (1st) day of such calendar month, Managing Member shall submit a written contribution request for such month to the Members describing such Negative Cash Flow or Financing Shortfall (as the case may be) and meeting the requirements of this Subsection (2) ("Contribution Request"). Each Contribution Request shall (1) describe in reasonable detail the anticipated Negative Cash Flow or Financing Shortfall for such month with reference to the Budgets; (2) indicate the amounts expended by the Company to date in connection with the Project in accordance with the Budgets; (3) describe the portion of expenditures for such month anticipated to be funded from available Company funds; (4) describe the portion of expenditures for such month which is to be funded by contributions from the Members; and (5) set forth each Member's required contribution. Managing Member may submit Contribution Requests to the Members no more frequently than once each month (except as provided in the last sentence of this Subsection), unless each Member has given its prior written consent in each instance. The amounts contributed by each Member pursuant to this Section are referred to herein as such Member's "Additional Capital Contributions".
Sample 1
Contribution Requests. At least ten (10) days prior to the first day of each calendar month until the completion of the Hotel Project, General Partner shall submit a written contribution request for such month to the Partners describing the contributions to the Project required of the Partners under this Section 3.2 and meeting the requirements of this subsection B ("Contribution Request"). Each Contribution Request shall be in a form approved by Limited Partner, and shall (1) describe in reasonable detail the anticipated expenditures of the Project for such month set forth in the Rehab Budget (to be allocated among the specified line item(s) of the Rehab Budget); (2) indicate the amounts expended by the Partnership to date for the Project among the specified line item(s) of the Rehab Budget; (3) describe the portion of such month's expenditures anticipated to be funded from available Partnership funds; (4) describe the portion of such month's expenditures which is to be funded by contributions of Limited Partner; (5) set forth Limited Partner's required contribution; and (6) be accompanied by the documentation and information as is required under Section 3.2A(2) above. General Partner may submit Contribution Requests to the Partners no more frequently than once each month, unless Limited Partner has given its prior written consent in each instance. Each Contribution Request shall constitute General Partner's representation and warranty to Limited Partner and the Partnership that (a) all disbursements made to date as well as those being currently requested were and will be utilized in compliance with the applicable Contribution Requests and in compliance with the Requirements; and (b) all representations and warranties of General Partner or any of its Affiliates in this Agreement, the Basic Agreement or any Collateral Agreement are true and correct on the date of such Contribution Request in all material respects (as if made on and as of such date).
Sample 1
Contribution Requests. If BREA reasonably anticipates that there will be capital requirements for any given calendar month, then, at least ten (10) business days prior to the first day of such calendar month, BREA shall submit a written contribution request for such month to the Members describing such capital requirements and meeting the requirements of this subsection A (“Contribution Request”). Each Contribution Request shall (1) describe in reasonable detail the anticipated capital requirements for such month; and (2) set forth each Member’s required contribution. BREA may submit Contribution Requests to the Members no more frequently than once each month, unless there is an emergency, in which event BREA shall immediately notify the Members in writing. Administrative Member shall have the obligation to notify BREA of anticipated capital requirements, in which event BREA may submit a Contribution Request.
Sample 1

Related to Contribution Requests

  • Vacation Requests Regular employees become eligible for paid vacation leave once they have completed six (6) months of continuous employment. Vacations requests must be submitted by no later than January 31st to be scheduled for the vacation calendar year of April 1- March 31. Vacation time may be divided into blocks of one to two weeks in duration. Scheduling of vacation shall be in accordance with seniority within a classification. Where an employee chooses to split their vacation, they shall exercise seniority rights in the choice of the first vacation period. Seniority shall prevail in the choice of the second vacation period but only after all other first vacation periods have been selected. Remaining vacation periods will be scheduled in a fair and equitable manner amongst employees within a classification. The approved vacation schedule will be posted at the worksite on or before February 28th in each year. Employees will be limited to booking a maximum of two (2) consecutive weeks of vacation during prime vacation period (June 15 - September 15; and December 15 - January 5), unless further consecutive weeks would not interfere with the vacation preferences of less senior employees. The Employer will make every effort to accommodate requests for vacation of more than two (2) consecutive weeks outside of prime vacation periods. Employees failing to exercise their right to request vacation within the vacation selection time posted by the Employer will forfeit their seniority rights with respect to choice of vacation time. In such cases, the Employer reserves the right to schedule vacation time for the employee. A maximum of two (2) weeks of vacation time may be carried forward from one year to another. Employees who wish to carry vacation forward should notify the Employer by February 28th. If the employee has not requested all of their vacation leave, the Employer reserves the right to schedule the remaining vacation days within the last four (4) months of the calendar year. The Employer may also pay out unused vacation credits at the end of March each calendar year.

  • Distribution Requirements Arts 3 A course in history, philosophy, theory, or practice of the creative and interpretive arts.

  • REIT Distribution Requirements The General Partner shall use its commercially reasonable efforts to cause the Partnership to distribute amounts sufficient to enable the General Partner to make stockholder distributions that will allow the General Partner to (i) meet its distribution requirement for qualification as a REIT as set forth in Section 857 of the Code and (ii) avoid any federal income or excise tax liability imposed by the Code.

  • Information Requests The parties hereto shall provide any information reasonably requested by the Servicer, the Issuer, the Seller or any of their Affiliates, in order to comply with or obtain more favorable treatment under any current or future law, rule, regulation, accounting rule or principle.

  • Payment Cancellation Requests You may cancel or edit any Scheduled Payment (including recurring payments) by following the directions within the portion of the Site through which the Service is offered. There is no charge for canceling or editing a Scheduled Payment. Once the Service has begun processing a payment it cannot be cancelled or edited, therefore a stop payment request must be submitted.

  • Tax Credit for Contributions You may be eligible to receive a tax credit for your IRA contributions. This credit will be allowed in addition to any tax deduction that may apply, and may not exceed $1,000 in a given year. You may be eligible for this tax credit if you are • age 18 or older as of the close of the taxable year, • not a dependent of another taxpayer, and • not a full-time student. The credit is based upon your income (see chart below), and will range from 0 to 50 percent of eligible contributions. In order to determine the amount of your contributions, add all of the contributions made to your IRA and reduce these contributions by any distributions that you have taken during the testing period. The testing period begins two years prior to the year for which the credit is sought and ends on the tax return due date (including extensions) for the year for which the credit is sought. In order to determine your tax credit, multiply the applicable percentage from the chart below by the amount of your contributions that do not exceed $2,000. 2019 Adjusted Gross Income* Applicable Percentage Joint Return Head of a Household All Other Cases $1–38,500 $1–28,875 $1–19,250 50 $38,501–41,500 $28,876–31,125 $19,251–20,750 20 $41,501–64,000 $31,126–48,000 $20,751–32,000 10 Over $64,000 Over $48,000 Over $32,000 0 2020 Adjusted Gross Income* Applicable Percentage Joint Return Head of a Household All Other Cases $1–39,000 $1–29,250 $1–19,500 50 $39,001–42,500 $29,251–31,875 $19,501–21,250 20 $42,501–65,000 $31,876–48,750 $21,251–32,500 10 Over $65,000 Over $48,750 Over $32,500 0 *Adjusted gross income (AGI) includes foreign earned income and income from Guam, America Samoa, North Mariana Islands, and Puerto Rico. AGI limits are subject to cost-of-living adjustments each year.

  • Information Request (a) The Owner Trustee shall provide any information regarding the Issuer in its possession reasonably requested in writing by the Servicer, the Administrator, the Seller or any of their Affiliates, in order to comply with or obtain more favorable treatment under any current or future law, rule, regulation, accounting rule or principle.

  • Redemption Requests Receive for acceptance requests and directions from Institutions and Accounts for the redemption of Series shares transmitted or delivered to the office of the Administrator, note the time and date of each request when received, process such requests and directions in accordance with the redemption procedures set forth in the then current Prospectus and Statement of Additional Information ("SAI") of the Series, and deliver the appropriate documentation to the Custodian;

  • Allocation of Contributions You may place your contributions in one fund or in any combination of funds, although your employer may place restrictions on investment in certain funds.

  • Loan Requests To obtain a Loan, Borrower shall make a request to Silicon by facsimile or telephone. Loan requests received after 12:00 Noon will not be considered by Silicon until the next Business Day. Silicon may rely on any telephone request for a Loan given by a person whom Silicon believes is an authorized representative of Borrower, and Borrower will indemnify Silicon for any loss Silicon suffers as a result of that reliance.

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