Contribution Requests Clause Samples

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).

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;

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".

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.

Contribution Requests. (a) Contributions required to be made pursuant to Section 2.1.2(a) and Section 2.1.2(b) shall be requested pursuant to a Contribution Request by Borrower with a copy to Lender, Administrative Agent and Guarantor delivered at least five Business Days prior to the applicable Equity Contribution Date; provided, that, if Borrower has failed to deliver a Contribution Request pursuant to this clause (a), Lender may deliver a Contribution Request on behalf of Borrower, and Pledgor shall comply with such Contribution Request as if delivered by ▇▇▇▇▇▇▇▇. In the event of any inconsistency between a Contribution Request delivered by Borrower and a Contribution Request delivered by Lender, the Contribution Request delivered by Lender shall, absent manifest error, control. Notwithstanding the foregoing, Contributions required to be made pursuant to Section 2.1.2(a) and Section 2.1.2(b) shall be made by Pledgor no later than the applicable Equity Contribution Date regardless of whether a Contribution Request was received. (b) Contributions required to be made pursuant to Section 2.1.2(c) shall be requested pursuant to a revocable Contribution Request by ▇▇▇▇▇▇ with a copy to Borrower, Administrative Agent and Guarantor.