Common use of Parent Contribution Clause in Contracts

Parent Contribution. Spring Lane shall not be obligated to make a Subsequent Contribution until Parent has made all required Contributions set forth in all Contribution Requests, including the Contribution Request for which this condition to make a Subsequent Contribution relates, on a pro rata basis calculated based on the amount of Class B Membership Interests held by Parent and Spring Lane.

Appears in 2 contracts

Sources: Contribution Agreement (Soluna Holdings, Inc), Contribution Agreement (Soluna Holdings, Inc)