Foundation Contributions Sample Clauses

Foundation Contributions. The Guess? Foundation is a California non-profit public benefit corporation established in 1994 as a vehicle through which the Borrower periodically makes voluntary charitable contributions. Although certain directors and executive officers of the Borrower also participate as directors and officers of the Guess? Foundation, no proceeds thereof will, directly or indirectly, compensate or materially benefit any related person. SCHEDULE 7.09 Certain Existing Agreements None. Schedule 7.09-1 EXHIBIT A-1 FORM OF COMMITTED LOAN NOTICE Date: , To: JPMorgan Chase Bank, N.A., as Administrative Agent Ladies and Gentlemen: Reference is made to that certain Credit Agreement, dated as of July 6, 2011 (as amended, restated, extended, supplemented or otherwise modified in writing from time to time, the “Agreement;” the terms defined therein being used herein as therein defined), among Guess ?, Inc., a Delaware corporation (the “Borrower”), each lender from time to time party thereto and JPMorgan Chase Bank, N.A., as Administrative Agent, L/C Issuer and Swing Line Lender. The undersigned hereby requests (select one):
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Foundation Contributions. An annual allowance of $2,000 is made available ------------------------ for charitable contributions of the Executive's choice from the Company's Foundation budget.
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Foundation Contributions. Notwithstanding any other provision of the Loan Documents, no Borrower or Borrower Subsidiary may contribute, advance or otherwise disburse funds to Foundation, except that: (a) GRMH may contribute to Foundation, directly or indirectly, 90% of the funds acquired in an equity offering by GRMH for the purpose of funding a surgical center, hospital or similar, related or complementary business acquisition by Foundation, if 10% of the funds acquired in that equity offering are applied to the Borrowers’ Obligations in accordance with the Loan Documents; and (b) if no uncured Default exists and is continuing; and on or before April 1, 2013, the Borrowers (i) pay or cause to be paid to the Bank in immediately available funds the aggregate of all payments of principal that would otherwise become due under the Loan Documents between April 1, 2013, and October 1, 2013, to be immediately applied to Borrowers’ Obligations owed to the Bank in accordance with the Loan Documents; and (ii) deposit or cause to be deposited in the Required Prepayment Account the aggregate of all interest payments that would otherwise become due under the Loan Documents between April 1, 2013, and October 1, 2013 (to be applied by the Bank on the dates such interest payments become due, except that after Default the Bank may immediately apply such funds to the Borrowers’ indebtedness to the Bank in the Bank’s sole and absolute discretion), then GRMH may pay or cause one or more of its Borrower Subsidiaries to distribute to the existing Foundation preferred holders $2,600,000.00 pursuant to the existing Operating Agreements for Foundation. Except as permitted by this paragraph 10(b), no contribution, advance or other distribution may be made by any Borrower or Borrower Subsidiary to any Foundation equity holder, while the Borrowers’ Obligations to the Bank remain outstanding (it being understood and agreed that payment of such distributions by Foundation from its own funds or funds from other sources is not prohibited by this paragraph 10(b) nor governed by the Loan Agreement). AND RESTATED LOAN AGREEMENT
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Foundation Contributions. Except for funds acquired in an equity offering by GRMH for the purpose of funding a surgical center or hospital acquisition by Foundation, no Borrower may contribute, advance or otherwise disburse funds to Foundation.
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Foundation Contributions. Prior to August 1, 1998, the Foundation has made monetary contributions in the amount of $942,053, of which $830,153 has been paid to MedQuest and $111,900 has been paid directly to the University of Virginia gift account. It is the intent of the Foundation to contribute up to an additional $2,057,947 to the Company. It is intended that a portion of the funding will be allocated to the Utah Artificial Heart Program under a separate agreement subject to approval by the Board of Managers. The Foundation also agrees to use reasonable efforts to raise additional funds to contribute to the Company. MedQuest is not obligated to accept any contributions. It is intended that any such additional contributions shall be made according to the Proposed Budget Estimate shown in Exhibit D, Table I. The Foundation shall have the right, but not the obligation, to contribute additional amounts to the Company, but only with the consent of all of the Board of Managers.
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Related to Foundation Contributions

  • Catch-Up Contributions Unless otherwise elected in Section 2.4 of this amendment, all employees who are eligible to make elective deferrals under this plan and who have attained age 50 before the close of the plan year shall be eligible to make catch-up contributions in accordance with, and subject to the limitations of, Section 414(v) of the Code. Such catch-up contributions shall not be taken into account for purposes of the provisions of the plan implementing the required limitations of Sections 402(g) and 415 of the Code. The plan shall not be treated as failing to satisfy the provisions of the plan implementing the requirements of Section 401(k)(3), 401(k)(11), 401(k)(12), 410(b), or 416 of the Code, as applicable, by reason of the making of such catch-up contributions.

  • Initial Contributions In connection with the formation of the Partnership under the Delaware Act, the General Partner made an initial Capital Contribution to the Partnership in the amount of $10.10 for an interest in the Partnership and was admitted as the general partner of the Partnership, and the Initial Limited Partner made an initial Capital Contribution to the Partnership in the amount of $989.90 for an interest in the Partnership and was admitted as a limited partner of the Partnership.

  • Charitable Contributions Make any charitable or similar contributions, except in amounts not to exceed five thousand dollars ($5,000) individually, and twenty thousand dollars ($20,000) in the aggregate.

  • Contributions Without creating any rights in favor of any third party, the Member may, from time to time, make contributions of cash or property to the capital of the Company, but shall have no obligation to do so.

  • Rollover Contributions An amount which qualifies as a rollover contribution pursuant to the Federal Internal Revenue Code may be transferred to and paid under this contract as a contribution for a Participant. Prudential may require proof that the amount paid so qualifies.

  • Qualified Matching Contributions If selected below, the Employer may make Qualified Matching Contributions for each Plan Year (select all those applicable):

  • Matching Contributions The Employer will make matching contributions in accordance with the formula(s) elected in Part II of this Adoption Agreement Section 3.01.

  • 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.

  • Employer Profit Sharing Contributions An Employee will be eligible to become a Participant in the Plan for purposes of receiving an allocation of any Employer Profit Sharing Contribution made pursuant to Section 10 of the Adoption Agreement after completing ________ (enter 0, 1, 2 or any fraction less than 2)

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