Establishment of PCC Reserve Subaccount; Deposits of Permitted Capital Contributions Sample Clauses

Establishment of PCC Reserve Subaccount; Deposits of Permitted Capital Contributions. On the Closing Date, Lender shall establish an Account (the “PCC Reserve Subaccount”) within the Cash Management Account to hold Permitted Capital Contributions. Amounts deposited from time to time in the PCC Reserve Subaccount pursuant to this Section 6.11.1 are referred to herein as the “PCC Reserve Funds”. After the Closing Date, on not less than three (3) Business Days’ prior written notice to Xxxxxx, Borrower may deposit Permitted Capital Contributions into the PCC Reserve Subaccount. Borrower may not make a deposit of a Permitted Capital Contribution more than four (4) times during the Term.
Sample 1
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Related to Establishment of PCC Reserve Subaccount; Deposits of Permitted Capital Contributions

  • 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.

  • Capital Contributions and Capital Accounts (a) The value of the interests contributed by the Class A Certificateholders and the Class I Certificateholders shall equal the amount paid by such Certificateholders for such interests, respectively, and such amounts shall constitute the opening balance in their Capital Accounts (as hereinafter defined). The value of the interests contributed by the Class IC Certificateholder shall equal the fair market value of the Receivables contributed to the Tax Partnership less the value attributed to the Class A Certificateholders and the Class I Certificateholders, as described above. Such amount shall constitute the opening balance in the Class IC Certificateholder's Capital Account.

  • Permitted Withdrawals from the Collection Accounts and Certificate Account (a) Each Servicer may from time to time make withdrawals from the related Collection Account for the following purposes:

  • 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 and Accounts ..................................................12 4.01 Capital Contributions.............................................................12 4.02 Additional Capital Contributions and Issuance of Additional Partnership Interests.........................................................................12 4.03

  • Establishment of Collateral Account The Securities Intermediary hereby confirms that:

  • Commingling, Exchange and Investment of the Contributions 2.1. The Contributions shall be accounted for as a single trust fund and shall be kept separate and apart from the funds of the Bank. The Contributions may be commingled with other trust fund assets maintained by the Bank.

  • Establishment of Collateral Accounts The Custodian hereby confirms and agrees that:

  • Permitted Withdrawals and Transfers from the Master Servicer Collection Account (a) The Master Servicer will, from time to time on demand of the Master Servicer, the Trustee or the Securities Administrator, make or cause to be made such withdrawals or transfers from the Master Servicer Collection Account as the Master Servicer has designated for such transfer or withdrawal pursuant to the Servicing Agreements. The Master Servicer may clear and terminate the Master Servicer Collection Account pursuant to Section 10.01 and remove amounts from time to time deposited in error.

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