Deferred Capital Contribution definition

Deferred Capital Contribution means the future Capital Contribution obligation, if any, of each Member which may be called by the Members as provided in Section 2.5.
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Deferred Capital Contribution means the deferred capital contribution which each Partner is unconditionally obligated to pay to the Partnership as set forth in this Agreement.
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Examples of Deferred Capital Contribution in a sentence

  • Each Member shall be severally liable for his own Capital Contribution and Deferred Capital Contribution and not jointly and severally liable for the Capital Contribution and Deferred Capital Contribution of any other Member.

  • A Managing Member who shall voluntarily or involuntarily be subject to Bankruptcy or who shall have defaulted as a Member for failure to pay a Deferred Capital Contribution under Section 2.5 shall be deemed to have resigned.

  • A Midfield Member’s Deferred Capital Contribution, as set forth on Schedule A, shall constitute a Capital Contribution for purposes of Section 9.1(a).

  • The payments of the Deferred Capital Contribution shall be credited against, and to the extent thereof shall discharge, the personal liability of the Class B Limited Partner for such Plan Liabilities.

  • The Business Considerations were the basis for arriving at the negotiated decision to issue sixty thousand (60,000) Shares (the "CCIC Shares") to CCIC in exchange for the CCIC Initial Capital Contribution and the Deferred Capital Contribution.

  • The award of the Construction Contract to CCC in the full amount of the Total Construction Costs and the occurrence of the Financial Closing are conditions precedent to CCIC's obligation to invest the Deferred Capital Contribution.

  • A Managing Member who shall voluntarily or involuntarily be subject to bankruptcy or who shall have defaulted as a Member for failure to pay a Deferred Capital Contribution under Section 2.5 shall be deemed to have resigned.

  • The weight given by the Parties to the various Business Considerations cannot be adequately measured mathematically and the Parties agree, especially as a result of the award of the Construction Contract to CCC, that the number of CCIC Shares and the amount of the CCIC Percentage and the Deferred Capital Contribution represent a fair and commercially reasonable negotiated agreement.

  • The Members agree that any failure to make a required Deferred Capital Contribution is critical to the success of the LLC and will jeopardize the investment of all Members.

  • The Parties agree that, subject only to the provisions that (i) the Construction Contract between the Project Company and CCC is signed on or before the Financial Closing Date, and (ii) the Financial Closing occurs without a requirement for a Recourse Provision (as hereinafter defined), CCIC is obligated to invest the Deferred Capital Contribution on or before the Financial Closing Date in exchange for the contemporaneous issuance to CCIC of the Deferred Capital Shares.