Initial Contribution Amount definition
Examples of Initial Contribution Amount in a sentence
Any issuance or cancellation of Beneficiary Shares made pursuant to this Section 2.05 shall be treated as an adjustment to the Initial Contribution Amount by the parties for Tax purposes, unless otherwise required by Law.
The Initial Contribution Amount of each Initial Lender is set forth in Annex I hereto.
Prior to the date hereof, Assignee has paid the Company an aggregate amount equal to $356,243.00 (the “Sparks Initial Contribution Amount”) and Assignee shall be deemed to have made a Capital Contribution in an amount equal to the Sparks Initial Contribution Amount as of the Effective Date, and following such deemed Capital Contribution, Assignee’s Remaining Commitment Amount shall be $0.
Notwithstanding anything to the contrary set forth in the Agreement or in the Venture Agreement, Prudential hereby agrees to pay the second installment of the Prudential Initial Contribution Amount (as such term is defined in the Venture Agreement) on the Closing Deadline.
Upon Closing, any after-tax interest or other income earned by Parent in respect of an Investor's Initial Contribution Amount shall, at such Investor's election, be credited against its Investor Contribution Amount or returned to the Investor.
On or before the expiration of ninety (90) days after the Commencement Date, the remaining Initial Contribution Amount shall be deposited into the Escrow Account by each party.
At each Investor's sole discretion, in lieu of all or a portion of its Initial Contribution Amount, such Investor may provide for the issuance of a letter or letters of credit of all or such portion of its Initial Contribution Amount that is reasonably acceptable to Parent from a U.S. bank or U.S. branch of a non-U.S. bank, which bank shall have a minimum rating of AA- from Standard & Poor's Ratings Services and Aa3 from Moody's Investors Service, Inc.
Upon execution hereof, Sony/Block shall contribute to the capital of the Partnership a cash sum ("Blockbuster Subsidiary Cash Amount"), equal to (i) Pace's Initial Contribution Amount minus (ii) Blockbuster's Initial Contribution Amount.
Each party’s Construction Funding Amount shall be equal to $190,968,000 minus the Initial Contribution Amount.
Upon ▇▇▇▇▇'s request, Vendor will ship at Vendor’s expense all Buyer Property in good condition, ordinary wear and tear excepted, DDP (Incoterms 2010) Destination.