Additional Capital Commitment definition

Additional Capital Commitment has the meaning specified in Section 3.2 hereof.

Split View

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Get StartedSchedule a Demo

Additional Capital Commitment means, as of any date of determination, with respect to each Direct Shareholder, an amount equal to the Total Capital Commitment of such Direct Shareholder minus the amount of the Base Equity Contribution and any Additional Capital Contributions previously funded by such Direct Shareholder on or prior to such date.

Additional Capital Commitment has the meaning set forth in Section 3.4.2. “Affiliate” means, with respect to any Person, any other Person that directly or indirectly Controls, is Controlled by, or is under common Control with, such Person.

Examples of Additional Capital Commitment in a sentence

• Each of Icahn and Macklowe shall cause each of Icahn Company and Macklowe Company, respectively, to make an Additional Capital Contribution to the Partnership on the date, in the amount and otherwise in accordance with the terms prescribed by a Capital Contribution Request Letter, provided that such Additional Capital Contribution does not cause such General Partner to make an Additional Capital Contribution beyond its Additional Capital Commitment pursuant to the last in time Commitment Letter.

• Effective upon the execution of this Agreement, Nuleaf and Medifarm III each shall agree to contribute 50% the Additional Capital Commitment to the Company, in the amount of $430,000 each, on or before November 30, 3017.

• Also, each of Icahn and Macklowe shall be entitled, from time to time, to make an Additional Capital Contribution to the Partnership (the “Contribution Right”), provided the aggregate of all Additional Capital Contributions contributed by such General Partner to the Partnership from the date of the last in time Commitment Letter does not exceed the Additional Capital Commitment of such General Partner set forth in such Commitment Letter.

• Also, each of Icahn and Macklowe shall be entitled, from time to time, to make an Additional Capital Contribution to the Partnership (the "Contribution Right"), provided the aggregate of all Additional Capital Contributions contributed by such General Partner to the Partnership from the date of the last in time Commitment Letter does not exceed the Additional Capital Commitment of such General Partner set forth in such Commitment Letter.

• The Additional Capital Commitment shall have been conducted, in all material respects, in accordance with the terms of this Agreement, and the Expiration Time shall have occurred.

• All funds which SAU or Inland have agreed, or shall hereafter agree, to contribute to the Company hereunder, including, without limitation, the Initial Capital Commitment and the Additional Capital Commitment, as defined below, are referred to collectively as the “Capital Commitments”.

• The remaining $750,000 of the Additional Capital Commitment shall be made by the Investor to the Sponsor in cash on the later of the Sponsor’s request and the first filing of the S-4 for the SPAC’s business combination.

• Upon each Subsequent Closing, a Person other than a Shareholder making an Additional Capital Commitment shall execute a Deed of Adherence in accordance with the draft attached as Annex 2, and a Shareholder making an Additional Capital Commitment shall execute a Deed of Amendment in accordance with the draft attached as Annex 3.

• Within ten (10) days of a written notice of the Manager, each Member shall contribute to the Company by wire transfer or check the amount set forth opposite such Member's name under the heading "Additional Capital Commitment" on Exhibit A hereto, which amount shall be credited to each Member's Capital Account.

• In the event that Inland determines to make an Inland Additional Capital Commitment which is less than 20% of any Capital Call, including, but not limited to, the decision by Inland to make no Inland Additional Capital Commitment, the Percentage Interests of the Members shall be adjusted as set forth in Section 7.3(b).

More Definitions of Additional Capital Commitment

Additional Capital Commitment means that certain right pursuant to which Eligible Holders may elect to commit to purchase the Additional Capital Commitment Units, in each case, pursuant to the terms of the UPA.

Additional Capital Commitment means the cumulative amount of funds provided to the Company Business Unit by Buyer in excess of the Initial Capital Commitment during the Earn-out Period for working capital purposes, capital expenditures or other capital requirement needs. Notwithstanding any provision in this Agreement to the contrary, any such determination to provide Additional Capital Commitments shall be at Buyer’s reasonable discretion based on its good faith determination of the reasonable capital requirements of the Company Business Unit, but shall not in any way create an obligation or an expectation that such payments of capital will be made to the Company Business Unit. Buyer shall have sole discretion to allocate any amounts of Buyer corporate overhead to the Company Business Unit as appropriate; provided, no deduction of such corporate overhead amount shall be reflected in the Company EBITDA Calculation unless Stockholders’ Representative has agreed to receive Buyer services related to such corporate overhead; provided, further, if Stockholders’ Representative does not agree to reflect corporate overhead in the Company EBITDA Calculation, the Company Business Unit shall not be entitled to receive the Buyer services related to such excluded corporate overhead.

Additional Capital Commitment means Capital Contributions to the capital of the Company in excess of Initial Capital Contributions.

Additional Capital Commitment means the agreement and commitment pursuant to which Eligible Holders have elected to commit to purchase the Additional Capital Commitment Units, in each case, pursuant to and subject to the terms and conditions hereof.

Additional Capital Commitment the commitment from one or more Persons reasonably acceptable to the Administrative Agent to provide cash equity capital to Holdings of at least $30,000,000 (before payment of transaction fees) in form and substance, including with respect to any conditions thereto, reasonably acceptable to the Administrative Agent.