Interim Capital Contributions definition
Interim Capital Contributions means all cash capital contributions made by the KM Member or its Affiliates (other than the Company or the Subsidiaries) to the Company between the Effective Time and the Closing, but solely to the extent that such contributions (i) are made in accordance with the Capital Project Budget, (ii) are actually used to fund the capital projects (other than the Applicable Capital Projects) as contemplated by the Capital Project Budget, and (iii) are, for the avoidance of doubt, neither distributed by the Company to the KM Member at or prior to Closing or included in the calculation of Net Working Capital.
Examples of Interim Capital Contributions in a sentence
In consideration for the SoCo Interest, the Buyer shall pay (a) an amount in cash to the KM Member equal to $1,419,500,000 (the “Base Purchase Price”) plus (i) an amount equal to the Working Capital Adjustment plus (ii) an amount equal to the Long-Term Indebtedness Adjustment plus (iii) an amount equal to 50% of the Interim Capital Contributions (such aggregate amount, as determined pursuant to this Agreement, the “Purchase Price”) plus (b) if required by Schedule 3.4, the Deferred Consideration.