Additional Contributed Equity definition
Examples of Additional Contributed Equity in a sentence
If a Partner fails to contribute any Additional Contributed Equity required pursuant to Section 3.4 (a "Delinquent Partner") by the Contribution Date, any other Partner (other than an Affiliate of the Delinquent Partner) which is not a Delinquent Partner (a "Contributing Partner") may, but shall not be required, to contribute the portion of such Additional Contributed Equity that the Delinquent Partner failed to contribute (the "Delinquent Contribution").
It is acknowledged by the parties that the Partnership may need additional funds following the Closing Date and that the General Partner may be required to call for Additional Contributed Equity.
The General Partner and LNG Investments will use commercially reasonable efforts, including contributing up to $9,000,000 in Additional Contributed Equity in accordance with Section 3.4(a), to obtain Project Approval.
Upon a withdrawal pursuant to this Section 16.2, LNG Investments shall have no further obligation to make any contribution to the Partnership, including, without limitation, any unpaid Additional Contributed Equity amounts arising pursuant to Section 3.4(a) or amounts contributed pursuant to Section 3.4(b).
In the event that the Partnership shall require funds in excess of those available to the Partnership from operations, the General Partner may call for additional capital contributions to be contributed to the Partnership pursuant to the terms of this Section 3.4 ("Additional Contributed Equity").
If any Partner meets such capital call on the Early Contribution Date, the remaining Partners shall have until the Contribution Date to contribute the required Additional Contributed Equity; provided, that the amount of such required contribution shall accrue interest at the rate of 25% per annum from the Early Contribution Date through the date that such other Partners make the required contributions.
If any Partner meets such capital call on the Early Contribution Date, the remaining Partners shall have until the Contribution Date to contribute the required Additional Contributed Equity; provided, that the amount of such required contribution shall accrue interest at the rate of eighteen percent (18%) per annum from the Early Contribution Date through the date that such Other Partners make the required contributions.
If a Partner fails to contribute any Additional Contributed Equity required pursuant to Article III by the applicable Contribution Date (a “Delinquent Partner”), the other Partners (other than an Affiliate of the Delinquent Partner) which are not Delinquent Partners (the “Contributing Partners”) may, but shall not be required to, contribute the portion of such Additional Contributed Equity that the Delinquent Partner failed to contribute (the “Delinquent Contribution”).
If a Partner fails to contribute any Additional Contributed Equity required pursuant to Article III by the applicable Contribution Date (a "Delinquent Partner"), the other Partners (other than an Affiliate of the Delinquent Partner) which are not Delinquent Partners (the "Contributing Partners") may, but shall not be required to, contribute the portion of such Additional Contributed Equity that the Delinquent Partner failed to contribute (the "Delinquent Contribution").
It is acknowledged by the parties that the Partnership may need additional funds following the date hereof and that the General Partner may be required to call for Additional Contributed Equity.