Increased Contributions Clause Samples
The Increased Contributions clause allows for the adjustment of the amount or frequency of contributions required under an agreement, typically in response to specific triggers or changing circumstances. For example, this clause may permit a party to increase its financial contributions if project costs rise or if additional funding is needed to meet certain objectives. Its core practical function is to provide flexibility and ensure that sufficient resources are available to fulfill the agreement’s goals, thereby addressing the risk of underfunding or unforeseen expenses.
Increased Contributions. Borrower, any Guarantor, or any other member of the Controlled Group shall have been notified by the sponsor of a Multiemployer Plan that such Multiemployer Plan is in reorganization, if as a result of such reorganization the aggregate annual contributions of Borrower, Guarantors and the other members of the Controlled Group (taken as a whole) to all Multiemployer Plans which are then in reorganization have been or will be increased over the amounts contributed to such Multiemployer Plans for the respective plan years of each such Multiemployer Plan immediately preceding the plan year in which the reorganization occurs by an amount exceeding $5,000,000.
Increased Contributions. 69 10.11 Change in Control..............................................................................69 10.12 Dissolution....................................................................................69 10.13 Guaranty.......................................................................................69 10.14
Increased Contributions. 71 10.11 Change in Control..............................................................................71 10.12 Dissolution....................................................................................71 10.13 Guaranty.......................................................................................71 10.14 Consolidated Tangible Net Worth Covenant.......................................................71 10.15 No Defaults....................................................................................71 ARTICLE XI ACCELERATION, WAIVERS, AMENDMENTS AND REMEDIES.......................................................72