Funded Contribution definition
Examples of Funded Contribution in a sentence
No payment or repayment made by any Partner pursuant to the second sentence of this Section 3.7 shall be treated as a Funded Contribution by such Partner.
If any expenses of the General Partner are deemed to constitute items of Partnership loss or deduction rather than items of loss or deduction of the General Partner, such expenses of the General Partner shall be allocated % to the General Partner and the General Partner’s Capital Account shall be credited with a deemed Funded Contribution in the same amount.
All such Additional Capital Contributions shall be paid to the Partnership by wire transfer of immediately available funds in U.S. dollars by 3:00 P.M. (New York City time) on the later of: (i) the Contribution Date or (ii) that date that occurs ten (10) Business Days following each Unaffiliated Phase I Cash Partner's receipt of written notice from the General Partner that the Contribution Request is a Funded Contribution Request.
In order to be an Eligible Phase I Partner and avoid the consequences of Section 4.3(d), however, an Unaffiliated Phase I Cash Partner must make all Additional Capital Contributions requested by Funded Contribution Requests delivered pursuant to Section 4.3(b) above.
Notwithstanding any other provision of this Agreement, each Partner agrees to pay on demand all costs and expenses (including attorneys’ fees) incurred by or on behalf of the Partnership in connection with the enforcement of this Agreement against such Partner sustained as a result of a Default by such Partner and that any such payment shall not constitute a Funded Contribution to the Partnership.
Each Funded Contribution to the Partnership shall be made to an account designated by the General Partner by wire transfer of immediately available funds or by such other means as may be acceptable to the General Partner.