CLI Contribution definition

CLI Contribution has the meaning ascribed to it in the recital to this ---------------- Agreement.
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Examples of CLI Contribution in a sentence

  • CLI is, immediately prior to the CLI Contribution, the true and lawful owner of the CLI Assets, free and clear of all Encumbrances of any kind the, except as set forth on Section 3.05(e)(ii) of the Disclosure Schedule (the "Permitted Encumbrances").

  • CLI is duly qualified to conduct business and is in corporate and tax good standing under the laws of each jurisdiction in which the nature of its businesses or the ownership or leasing of its properties requires such qualification, except where the failure to be so qualified or to be in good standing would not have a material adverse effect on the business, results of operations or financial condition of CLI as in effect immediately prior to the CLI Contribution (a "CLI Material Adverse Effect").

  • All Inventory included in the CLI Assets, including, --------- without limitation, all products described in CLI's current catalogues and those which are to be shipped in the 120-day period following CLI Contribution, consist of a quality and quantity usable and saleable in the Ordinary Course of Business, except for obsolete, damaged or overstocked Inventory, which has been written-off, or for which an adequate reserve has been taken on the CLI Balance Sheet.

Related to CLI Contribution

  • Catch-Up Contribution means an Elective Deferral made to the Plan by a Catch-Up Eligible Participant that, during any taxable year of such Participant, exceeds one of the following:

  • In-kind contribution means a contribution of goods or services received by a candidate committee, joint candidates committee, political committee, continuing political committee, political party committee, or legislative leadership committee, which contribution is paid for by a person or entity other than the recipient committee, but does not include services provided without compensation by an individual volunteering a part of or all of his or her time on behalf of a candidate or committee.

  • Company Contribution means that portion of the main extension costs which the Company will fund based upon the following formula:

  • Catch-Up Contributions means Salary Reduction Contributions made to the Plan that are in excess of an otherwise applicable Plan limit and that are made by Participants who are Age 50 or over by the end of their taxable years. An “otherwise applicable Plan limit” is a limit in the Plan that applies to Salary Reduction Contributions without regard to Catch-up Contributions, such as the limits on Annual Additions, the dollar limitation on Salary Reduction Contributions under Code Section 402(g) (not counting Catch-up Contributions) and the limit imposed by the Actual Deferral Percentage (ADP) test under Code Section 401(k)(3). Catch-up Contributions for a Participant for a taxable year may not exceed the dollar limit on Catch-up Contributions under Code Section 414(v)(2)(B)(i) for the taxable year. The dollar limit on Catch-up Contributions under Code Section 414(v)(2)(B)(i) is $1,000 for taxable years beginning in 2002, increasing by $1,000 for each year thereafter up to $5,000 for taxable years beginning in 2006 and later years. After 2006, the $5,000 limit will be adjusted by the Secretary of the Treasury for cost-of-living increases under Code Section 414(v)(2)(C). Any such adjustments will be in multiples of $500.

  • Employer contribution means the amount paid by an employer, as determined by the employer rate, including the normal and deficiency rates, contributions, and funds wherever used in this chapter.