Reinvestment. All dividends and capital gains distributions will be automatically reinvested on the payable date in additional shares of the applicable Fund at net asset value in accordance with each Fund's then current prospectus.
Reinvestment. Aetna will mail a notice to the Certificate Holder at least 18 calendar days before a Guaranteed Term's Maturity Date. This notice will contain the Terms available during current Deposit Periods with their Guaranteed Rate(s), and projected Matured Term Value. If no specific direction is given by the Certificate Holder prior to the Maturity Date, each Matured Term Value will be reinvested in the current Deposit Period for a Guaranteed Term of the same duration. If a Guaranteed Term of the same duration is unavailable, each Matured Term Value will automatically be reinvested in the current Deposit Period for the next shortest Guaranteed Term available. If no shorter Guaranteed Term is available, the next longer Guaranteed Term will be used. Aetna will mail a confirmation statement to the Certificate Holder the next business day after the Maturity Date. This notice will state the Guaranteed Term and Guaranteed Rate(s) which will apply to the reinvested Matured Term Value.
Reinvestment. Members may choose to apply their Distributions to an additional purchase of Units (a “Reinvestment”), by indicating their desire to do so on their completed Subscription Booklet. Members have the option of either having their distribution paid out or having it reinvested into additional Membership Units with the exception of the first Distribution after a contribution is made. Any Units purchased by Members via the Reinvestment Option shall be purchased at the prevailing Unit Price. Members may change their election not more frequently than twice per year by giving 90 days’ written notice to the Manager. The Manager has the right to suspend or terminate the Reinvestment program, at any time, without notice, at the Manager’s sole discretion.
Reinvestment. Notwithstanding the foregoing provisions of this Article 6, during the Commitment Period, the General Partner, in its sole discretion, may cause the Partnership to retain (and not to distribute to Limited Partners and, accordingly, such amounts shall continue to be considered unreturned capital until distributed) or recall all or any portion of any Proceeds constituting a return of the amounts of any Capital Contributions made by the Limited Partner, and to reinvest such Proceeds in accordance with this Agreement. After the Commitment Period, subject to the restrictions provided herein, any such retained Proceeds may only be (i) reinvested by the General Partner, in its discretion, in a Partnership Investment that the Partnership committed to make prior to the termination of the Commitment Period as evidenced by a letter of intent, agreement in principle or definitive agreement to invest and (ii) used to pay Partnership Expenses.
Reinvestment. Subject to legal, tax, regulatory or other similar considerations, each Limited Partner holding Partnership Units agrees to participate in the reinvestment program of distributions to the holders of Partnership Units (the “DRIP” and any participating Limited Partner, a “DRIP Participant”) unless otherwise agreed with the General Partner in writing. The following provisions shall apply to the DRIP and any Limited Partner’s participation therein:
Reinvestment. The Remaining Commitments of each Limited Partner that are available to be drawn down shall be increased by the aggregate amount of Distributable Proceeds that have been distributed to such Limited Partner that equals the aggregate amount of Capital Contributions of such Limited Partner used to fund (i) the Acquisition Cost of Portfolio Investments that were realized within [twelve (12)] months of the acquisition thereof, and (ii) Fund Expenses, Management Fees and Organizational Expenses, provided in each case that such increased Remaining Commitments may be used solely for the purpose of making Portfolio Investments.11
Reinvestment. If no Default or Event of Default has occurred and is continuing, AMRC may, during the 90 day period following receipt by Holdings or any of its Subsidiaries or the Administrative Agent, as the case may be, of any Net Disposition Proceeds or Net Insurance Proceeds, in each case required to be applied as described in clause (d) of Section 3.1.2 in an aggregate amount with respect to any single or related series of events of less than $7,500,000, notify the Administrative Agent of its intention to apply the same to acquire, construct or make improvements to assets that are useful to the Borrowers or their Subsidiaries in the ordinary course of their business; provided that any such Net Disposition Proceeds or Net Insurance Proceeds that are paid to or on behalf of any Loan Party may only be applied to acquire, construct or make improvements to assets of the Loan Parties that are useful in the ordinary course of their business. Such notice by AMRC (i) shall describe in reasonable detail the transaction giving rise to such Net Disposition Proceeds or Net Insurance Proceeds and the proposed reinvestment assets to be acquired, constructed or improved and (ii) state that AMRC or one or more of its Subsidiaries has a reasonable and good faith intention to apply such Net Disposition Proceeds or Net Insurance Proceeds, as the case may be, within 270 days of its receipt to the acquisition, construction or improvement of assets that are useful to the Borrowers or their Subsidiaries in the ordinary course of their business. To the extent that AMRC does not send the notice referred to in the preceding sentence or AMRC or one or more of its Subsidiaries does not acquire, construct, or improve assets that are useful to the Borrowers or their Subsidiaries in the ordinary course of their business within such 270 day period, an amount equal to such portion of the relevant Net Disposition Proceeds or Net Insurance Proceeds, as the case may be, shall be applied as a mandatory prepayment or payment of the outstanding Term Loans, Delayed Draw Loans, Swing Line Loans and Reimbursement Obligations in the order described in clause (d) to the extent required thereby. All Net Disposition Proceeds and Net Insurance Proceeds paid on account of the loss or damage to any Collateral in respect of any single or related series of events in an amount exceeding $7,500,000 required to be applied as set forth in clause (d) of Section 3.1.2 or during the continuance of any Event of Default shall...
Reinvestment. We will mail a notice to the Certificate Holder before a guaranteed term's maturity date. This notice will contain the guaranteed terms available during the current deposit periods with their guaranteed interest rate(s) and projected maturity value. If no specific direction is given by the Certificate Holder prior to the maturity date, each maturity value will be reinvested in the current deposit period for a guaranteed term of the same duration. If a guaranteed term of the same duration is unavailable, each matured term value will automatically be reinvested in the current deposit period for the next shortest guaranteed term available. If no shorter guaranteed term is available, the next longer guaranteed term will be used. We will mail a confirmation statement to the Certificate Holder after the maturity date. This notice will state the guaranteed term and guaranteed interest rate(s) which will apply to the reinvested matured term value.
Reinvestment. Upon written direction of the District, the Escrow Agent may reinvest any uninvested amounts held as cash under this Agreement in noncallable nonprepayable obligations which are direct obligations issued by the United States Treasury or obligations which are unconditionally guaranteed as to full and timely payment by the United States of America provided (i) the amounts of and dates on which the anticipated transfers from the Escrow Fund to the Paying Agent for the payment of the principal of, redemption price of, and interest on the Refunded Bonds will not be diminished or postponed thereby, (ii) the Escrow Agent shall receive the unqualified opinion of nationally recognized municipal bond counsel to the effect that such reinvestment will not adversely affect the exclusion from gross income for federal income tax purposes of interest on the Bonds or the Refunded Bonds, (iii) the Escrow Agent shall receive from a firm of independent certified public accountants a certification that, immediately after such reinvestment, the principal of and interest on obligations in the Escrow Fund will, together with other cash on deposit in the Escrow Fund available for such purposes, be sufficient without reinvestment to pay, when due, the principal or redemption price of and interest on the Refunded Bonds; and