Capital Need definition

Capital Need shall have the meaning set forth in Section 3.2(a).
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Capital Need means, as of any date, the amount of cash that the Company needs to fund any purchase or other expenditure to be made by the Company.
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Examples of Capital Need in a sentence

  • Each such round shall be in increments of $2,000,000 in aggregate Offered Commitments and shall be offered as soon as practical upon a Capital Need.

  • Upon the occurrence of a Capital Need, an offering of a round of Offered Commitments may be commenced by any Partner upon such Partner giving written notice thereof to the other Partners and, once commenced, such offering shall continue for a period of 30 days thereafter (the "Offer Period").

  • As used herein, a "Capital Need" shall be deemed to exist when (a) all then outstanding Commitments of the Partners have been fully funded and (b) the Partnership then needs additional funds (or reasonably anticipates the need for additional funds within 60 days) for its operations or to maintain reasonable reserves for such operations.

  • Each such round shall be in increments of ********** in aggregate Offered Commitments and shall be offered as soon as practical upon a Capital Need.

  • If, at any time or from time to time, there remains a Capital Need as a result of a failure of any Member to make an Additional Capital Contribution properly requested under Section 3.2 hereof, the Managers may provide a Capital Need Notice to the Contributing Members requesting a loan (each a “Capital Loan”) in the amount of the remaining Capital Need, and the Contributing Members may make the Capital Loans in the aggregate amount of the remaining Capital Need.

  • As used herein, a "Capital Need" shall be deemed to exist when (a) all then outstanding Commitments of the Partners have been fully funded and (b) the Partnership then needs additional funds for its operations or to maintain reasonable reserves for such operations.

  • PXRE Group Investment Policy Statement Performance Segment Driven By Benchmarks Investment Philosophy Permitted Investments ------- --------- ---------- --------------------- --------------------- Primary Capital Need to maintain a level of ▇▇▇▇▇▇ ▇▇ Maximize after tax reported Treasury Bonds U.S. capital and surplus to maintain 7 year Index return while maintaining an Agency Bonds licenses, foe regulatory appropriate preservation of Municipal Bonds purposes and to conduct capital.

  • If the Managers issue a Capital Need Notice, the Members may, but shall not be obligated to, make an Additional Capital Contribution in the amounts and on the terms set forth below.

  • For the avoidance of doubt, if the Capital Need Threshold exceeds the Capital Need Amount, then no shares of Common Stock shall be purchased by the Subscriber hereunder and this Agreement shall terminate.

  • Upon the occurrence of a Capital Need, an offering of a round of Offered Commitments may be commenced by any Partner upon such Partner giving written notice thereof to the other Partners and, once commenced, such offering shall continue for a period of 30 days thereafter (the "OFFER PERIOD").