New Capital Contributions. In the event that the Borrower receives new capital contributions, such amounts shall be used to pay in cash, immediately upon disbursement of the same to the Borrower, the principal of and accrued unpaid interest on the Neptune Debt as follows: (a) ten percent (10%) of any amounts received by the Borrower up to Three Hundred Fifty Thousand Dollars ($350,000), (b) fifty percent (50%) of any amounts in excess of Three Hundred Fifty Thousand Dollars (350,000) and up to Eight Hundred Fifty Thousand Dollars ($850,000) received by the Borrower, and (c) seventy-five percent (75%) of any amounts in excess of Eight Hundred Fifty Thousand Dollars ($850,000) received by the Borrower thereafter until the Lender shall have received full payment of the Neptune Debt.
New Capital Contributions. Each New Partner shall contribute its share of the New Capital Contributions to the Reconstituted Partnership (based on its Ownership Interest); provided that any such New Partner, subject to the provisions for interest set forth in Section 2.6, may defer payment of such amounts until January 15, 1997.
New Capital Contributions. S.M. on behalf of TVE will pay Thunderbird US$ 271,691.00, which is the amount related to the seven percent (7%) of their shares established in second MOU within the schedule set in the Second MOU. If any amounts are not made on or before the due dates, TVE shall forfeit all rights to purchase the 7% interest of the Thunderbird Parties set forth in paragraph 3 of the Second MOU. On the other hand TVE will pay directly to Xxxxxx Xxxxxxx & Asociados (The Lawyers) US$. 300,000.00. With this obligations, TVE contributions to FCG will be settled meaning that the amount of US$ 453.245,00 due under paragraph 2 of the Second Restated MOU, will be taken as fully pay (TVE today's outstanding balance is US$ 254,245.00) and the difference between those amounts (US$ 46,755.00) will apply to the loan account of TVE. S.M. shall contribute to the capital of FCG US$ 1,500,000.00 according to the following schedule: eight (8) equal monthly payments of US$ 187,500.00 beginning October 10, 2001. S.M. (Finaram, C.A. borrower) has subscribed with BANESCO BANCO UNIVERSAL, C.A., (lender) a credit line in the aggregate amount of US$1,500,000.00 to be used as a pledge to guarantee the obligations and responsibilities of FCG with Hotel InterContinental Guayana, C.A.
New Capital Contributions. On or before January 15, 1997, each Partner shall pay to the Reconstituted Partnership funds in the amount of its share, based on its Ownership Interest, of (a) all previously incurred costs of the VK 121 and 124 Extension, the Phase I Extension (including without limitation, the $17.1 million owed the Affiliate of MMBGC for the MMBGC Pipe) and the Main Pass Production-Related Compression Facilities, to the extent such Partner has not previously paid such costs, and (b) the estimated capital expenditure to be incurred within 30 days following January 15, 1997 in connection with the VK 121 and 124 Extension, the Phase I Extension and the Main Pass Production-Related Compression Facilities together with interest on the amounts set forth in (a) from December 12, 1996 to the date paid (each inclusive) calculated at an annual rate of 8.25% (the aggregate of such amounts are herein referred to as the "NEW CAPITAL CONTRIBUTION").
