Committed Capital Contribution definition

Committed Capital Contribution means the irrevocable cash commitments pursuant to those certain Subscription and Contribution Agreements by and among the Company, Nextel WIP Corp., Motorola and the Cash Equity Investors (as defined therein) as in effect on the date hereof.
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Examples of Committed Capital Contribution in a sentence

  • The Shareholders agree that if the Board shall determine that additional capital is required by the Company in excess of the Committed Capital Contribution, each Shareholder shall have the right, but not the obligation, to subscribe for additional shares in proportion (as nearly as practicable) to its Shareholding Percentage at the relevant time.

  • Each of the Shareholders agrees and undertakes that it shall, at such times and in such amounts as are set forth in the Company Business Plan, make capital contributions by way of subscription, in cash, for shares in the capital of the Company of up to an aggregate of S$208,250,000 for CSM and S$216,750,000 for Lucent (the "Committed Capital Contribution").

  • In any case where WPSC is the Non-Defaulting Member and SCL is the Defaulting Member under this Section 3.10 in respect of SCL’s first $90 million of SCL’s Committed Capital Contribution, WPSC shall have the right, but not the obligation, to dilute SCL’s Voting Capital Stock Interests, in exchange for $1.00.

  • If there is a Deficiency with respect to any Joint Committed Capital Contribution, Working Capital Loan or Additional Capital Contribution, the Non-Defaulting Member shall have the right, in its sole and absolute discretion, within sixty (60) calendar days after delivery of the Deficiency Notice, to withdraw its corresponding capital contribution if and to the extent that the Non-Defaulting Member shall have advanced funds corresponding to the same capital call to the Company related to such Deficiency.

  • If SCL fails to make the $30 million of SCL’s Committed Capital Contribution that is due last in time and such failure is not cured within one hundred twenty days after written notice of such failure is received by SCL, then WPSC shall have the same rights as under clause (j)(i) of this Section above concerning such Deficiency.

  • Such written notice shall provide a reasonable period of (not less than thirty (30) days, except for Working Capital Loans, which shall be a reasonable notice period so long as such funds are received as needed) time for each Member to make or discharge any WPSC Committed Capital Contribution, Joint Committed Capital Contribution, Working Capital Loans or Additional Capital Contribution.

  • A Contributing Member shall give notice of any such election or elections under this Section 5.02(c) to the Non-Contributing Member within sixty (60) days after the Committed Capital Contribution Date or Additional Capital Contribution Date, as applicable.

  • Each Member shall contribute, on or before the Committed Capital Contribution Date, such Member’s pro rata share of the aggregate Committed Capital Contributions specified in such Committed Capital Contribution Request.

  • The Shareholders agree that if the Board of Directors shall, after giving consideration to the provisions of Clause 11(A) determine that additional capital is required by the Company in excess of the Committed Capital Contribution, each Shareholder shall have the right to subscribe for additional shares in proportion (as nearly as practicable) to its Shareholding Percentage at the relevant time.

  • In accordance with the terms of this Agreement and the procedures established by the Board of Managers, the Company shall provide written notice to each Member for any WPSC Committed Capital Contribution, Joint Committed Capital Contribution, Working Capital Loans or Additional Capital Contribution.