Initial Capital Commitment definition
Examples of Initial Capital Commitment in a sentence
Each of the Members has made or is concurrently making (i) an initial cash contribution to the capital of the Company and/or (ii) an initial advance of cash funds constituting Special Membership Interest Funds, in an aggregate amount equal to its Initial Capital Commitment on or before the Initial Capital Contribution Date.
The withdrawal by one Party of its Tranche 2 Initial Capital Commitment under this Section 4.l(d) shall result in the automatic cancellation of the Tranche 2 Initial Capital Commitment of the other Members.
The Financial Accounts shall reflect (i) the cash received with respect to Morningstar’s Initial Capital Commitment less $*** for the Company’s working capital needs; (ii) investment, reinvestment and distribution of Financial Accounts Assets; (iii) any Financial Accounts Profits and Financial Accounts Losses; (iv) liabilities directly related to Financial Accounts activities; and (v) reduced by any use of Financial Accounts Assets as provided in Section 4.7(c).
Provide WSMR and HAFB, through the respective sponsor, with written request for unescorted access to uprange areas for each of its Conservation Team personnel.
Morgans is making the Morgans Initial Capital Commitment for its own account with the present intention of holding its interests in Holdings for investment purposes and not with a view to or for sale in connection with any public distribution of such interests in violation of any federal or state securities laws.
Officers of the Morgans Parties shall deliver to DLJMB an officers’ certificate confirming that the Morgans Initial Capital Commitment has been credited to the purchase price of the Acquisition.
Each of DLJMB and DLJMB LLC is making the DLJMB Initial Capital Commitment for its own account with the present intention of holding its interests in Holdings for investment purposes and not with a view to or for sale in connection with any public distribution of such interests in violation of any federal or state securities laws.
All funds which SAU or Inland have agreed, or shall hereafter agree, to contribute to the Company hereunder, including, without limitation, the Initial Capital Commitment and the Additional Capital Commitment, as defined below, are referred to collectively as the “Capital Commitments”.
SAU shall advise the Company and Inland of its agreement to increase its Capital Commitment by delivering written notice to the Company and Inland within sixty (60) days after SAU has funded at least eighty percent (80%) of its Initial Capital Commitment hereunder (the “Commitment Increase Notice”).
The Members hereby acknowledge and agree that each Member’s Initial Capital Commitment shall be the only commitment of such Member with respect to the Initial Properties, and in no event shall either Member’s Initial Capital Commitment be used or called upon to fund the acquisition of, or any expenditures in connection with, any Eligible Opportunity or for any other reason other than as expressly set out herein with respect to the Initial Properties.