Examples of Effective Date Capital Contribution in a sentence
Notwithstanding the foregoing, but subject to Section 12.02(a)(iv), no Member shall be required to make any additional Capital Contribution (other than such Member’s Effective Date Capital Contribution) to the Company pursuant to this Agreement, even if such Capital Call is requested to fund an Emergency.
As of the Effective Date, NEP Member is the sole Member of the Company, and NEP Member’s Effective Date Capital Contribution and the number of Class A Units and Class B Units held by NEP Member are set forth in Section I of Exhibit A hereto.
The form of any new employment contract with an officer of the Debtors shall be acceptable to the Post Effective Date Capital Contribution Source.
Such Effective Date Capital Contribution shall have an aggregate value equal to the Base Contribution Amount, as may be adjusted to reflect the amount of Estimated Working Capital used to determine the Closing Purchase Price (the aggregate value of such Capital Contribution by NEP Member, its “Effective Date Contribution Amount”).
Notwithstanding the foregoing, no Member shall be required to make any additional Capital Contribution (other than such Member’s Effective Date Capital Contribution) to the Company pursuant to this Agreement, even if such Capital Call is requested to fund an Emergency.
The initial boards of directors for Reorganized MagCorp and Reorganized Metals shall each consist of one member who shall be designated by the Post Effective Date Capital Contribution Source.
Bidding Procedures Order means an order entered by the Bankruptcy Court establishing procedures for submitting higher and better offers by Persons seeking to purchase the New Metals Common Stock by becoming the Post Effective Date Capital Contribution Source.
The Members acknowledge and agree that the foregoing contributions and Unit issuances shall be treated for U.S. federal income tax purposes, in accordance with Revenue Ruling 99-5 (Situation 2), as a contribution by Enbridge of all of the assets of the Company, XX Xxxxxx GP and XX Xxxxxx LP to a partnership in exchange for an interest in the partnership and as a contribution by Williston of the Williston Effective Date Capital Contribution to a partnership in exchange for Class B Units in the partnership.
In the event that an entity submits a bid to purchase the New Common Stock and become the Post Effective Date Capital Contribution Source that complies with the provisions of the Bidding Procedures Order, the Court will hold an auction prior to the Confirmation Hearing.
The Plan provides, in exchange for the Post Effective Date Capital Contribution in the amount of $10,000, 000 Cash, the distribution of the New Metals Common Stock to Renco Group and the granting of releases to Renco Group and its officers, directors and affiliates, including Ira L.