Mandatory Capital Call definition

Mandatory Capital Call means a Capital Call for any capital contributions that would be required pursuant to Section 5.2(a).
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Mandatory Capital Call shall have the meaning set forth in Section 6.2(a).
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Mandatory Capital Call shall have the meaning given in Section 4.1(a). ----------------------
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Examples of Mandatory Capital Call in a sentence

  • If the Funding Member elects to ratify the Mandatory Capital Call, then the Company shall issue Units to the Funding Member such that the relative Units held by the Members reflects the relative capital account of each Member.

  • The Board shall notify each Limited Partner in writing of the Mandatory Capital Call and provide a reasonable description of the need thereof.

  • Each Limited Partner shall then make to its respective Series a Capital Contribution in immediately available funds equal to its Initial Investment Percentage of the Mandatory Capital Call amount, unless such Mandatory Capital Call is made at any time when the TowerBrook Ownership Threshold is not satisfied, in which case, the Mandatory Capital Call shall be made to each Limited Partner pro rata to its Current Investment Percentage.

  • If the Development Service Contribution Amount for any Project Entity exceeds ALE's Mandatory Capital Call Contribution to such Project Entity, such excess shall be payable by such Project Entity to ALE in cash in the manner set forth in the following sentence.

  • Any equity funded by the Investors pursuant to a Mandatory Capital Call shall be treated as preferred equity with respect to distribution rights (i.e., shall be pari passu with the other preferred equity of the Investors).

  • In the event that, from time to time after the execution of this Agreement, GCA, in its sole, personal and nonassignable discretion, determines that the Company requires a Mandatory Capital Call, each of the Members shall be required to make mandatory Capital Contributions (“Mandatory Capital Contributions”) to the extent so called for by GCA in accordance with this Section 2.2(a).

  • The REC Board of directors is responsible for the overall strategy of the company, approving annual budgets and major investments, internal controls etc.

  • The Relative Interests of the Members (and rights to future distributions) shall be unaffected by the additional capital contributions of the Members made pursuant to a Mandatory Capital Call (assuming that each Member is required to contribute in accordance with the Relative Interests of the Members).

  • For each Small Facility the development of which is governed by this Section 3.1.3(a), ALS shall prepare a Business Plan for such Facility providing a description of such Facility, estimated construction and development costs, the Mandatory Capital Call Schedule required for such Facility and a five (5) year budget for such Facility, and shall provide a copy of such Business Plan to ALE.

  • Notwithstanding the foregoing, MLPC shall not be subject to a Mandatory Capital Call until such time as a total of $27,500,000 has been contributed by the other Members ($35,000,000 less MLPC’s capital contribution of $7,500,000).


More Definitions of Mandatory Capital Call

Mandatory Capital Call has the meaning set forth in Section 7.1(c) of this Agreement.
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Mandatory Capital Call. Schedule. "Mandatory Capital Call Schedule" means the mandatory capital call schedule for a Project Entity included in the respective Business Plan for such Project Entity.
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Mandatory Capital Call means funds necessary for proper Company purposes (including working capital), other than making distributions to the Members.
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Mandatory Capital Call means a Capital Call for any capital contributions that would be required pursuant to Section 5.2(a) or Section 5.2(f)." "'Members' shall mean WHWEL, WCPT, Saracen, Whitehall XI, Holding Co. and Management Co. (for as long as such Persons are still members of the Company), their successors and permitted assigns and any other members of the Company admitted in accordance with Article VIII.
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Mandatory Capital Call means any Design and Development Capital Call, Mandatory Phase I Capital Call, Mandatory New Project Capital Call, or Other Capital Call pursuant to clauses (i) or (ii) of Section 5.2(d).
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Related to Mandatory Capital Call

  • Regulatory Capital Event means the good faith determination by the Company that, as a result of (i) any amendment to, clarification of, or change in, the laws or regulations of the United States or any political subdivision of or in the United States that is enacted or becomes effective after the initial issuance of any share of the Series A Preferred Stock, (ii) any proposed change in those laws or regulations that is announced or becomes effective after the initial issuance of any share of the Series A Preferred Stock, or (iii) any official administrative decision or judicial decision or administrative action or other official pronouncement interpreting or applying those laws or regulations or policies with respect thereto that is announced after the initial issuance of any share of the Series A Preferred Stock, there is more than an insubstantial risk that the Company will not be entitled to treat the full liquidation preference amount of $25,000 per share of the Series A Preferred Stock then outstanding as “tier 1 capital” (or its equivalent) for purposes of the capital adequacy guidelines of the Federal Reserve (or, as and if applicable, the capital adequacy guidelines or regulations of any successor Appropriate Federal Banking Agency) as then in effect and applicable, for so long as any share of the Series A Preferred Stock is outstanding.

  • Tier 2 Capital Event means the receipt by the Company of a legal opinion from counsel experienced in such matters to the effect that the Subordinated Notes do not constitute, or within 90 days of the date of such legal opinion will not constitute, Tier 2 Capital (or its then equivalent if the Company were subject to such capital requirement).

  • Equity Capital means and includes (i) any and all ordinary shares, stock or other common or ordinary equity shares, interests, participations or other equivalents of or interests therein (however designated), including, without limitation, shares of preferred or preference shares, (ii) all partnership interests (whether general or limited) in any Person which is a partnership, (iii) all membership interests or limited liability company interests in any limited liability company, and (iv) all equity or ownership interests in any Person of any other type.

  • Debt to Capital Ratio means the ratio of (a) Consolidated Debt to (b) the sum of Borrower Net Worth plus Consolidated Debt.

  • Net Capital means, at any time, "net capital" computed in accordance with Rule 15c3-1.

  • Mandatory Prepayment Amount for any Debentures shall equal the sum of (i) the greater of: (A) 130% of the principal amount of Debentures to be prepaid, plus all accrued and unpaid interest thereon, or (B) the principal amount of Debentures to be prepaid, plus all other accrued and unpaid interest hereon, divided by the Conversion Price on (x) the date the Mandatory Prepayment Amount is demanded or otherwise due or (y) the date the Mandatory Prepayment Amount is paid in full, whichever is less, multiplied by the VWAP on (x) the date the Mandatory Prepayment Amount is demanded or otherwise due or (y) the date the Mandatory Prepayment Amount is paid in full, whichever is greater, and (ii) all other amounts, costs, expenses and liquidated damages due in respect of such Debentures.

  • Mandatory Conversion Date has the meaning set forth in Section 7(a).

  • Investment Amount means the dollar amount to be invested by Investor to purchase Put Shares with respect to any Put as notified by the Company to Investor in accordance with Section 2.2.

  • Liquidity Capitalization means the number, as of immediately prior to the Liquidity Event, of shares of the Company’s capital stock (on an as-converted basis) outstanding, assuming exercise or conversion of all outstanding vested and unvested options, warrants and other convertible securities, but excluding: (i) shares of Common Stock reserved and available for future grant under any equity incentive or similar plan; (ii) any SAFEs; and (iii) convertible promissory notes.

  • Regulatory Capital means the capital requirement specified in Article 11;

  • Available Equity Amount means a cumulative amount equal to (without duplication):

  • Qualifying Capital Securities means securities (other than Common Stock, Rights to acquire Common Stock or securities exchangeable for or convertible into Common Stock) that, in the determination of the Corporation’s Board of Directors (or a duly authorized committee thereof) reasonably construing the definitions and other terms of this Replacement Capital Covenant, meet one of the following criteria:

  • Tier 2 Capital has the meaning given to the term “Tier 2 capital” in 12 C.F.R. Part 217, as amended, modified and supplemented and in effect from time to time or any replacement thereof.

  • Mandatory Redemption Amount means an amount per ETP Security calculated by the Determination Agent equal to the greater of:

  • Mandatory Conversion shall have the meaning set forth in Section 6.

  • Series Invested Amount means the Initial Invested Amount.

  • Mandatory Redemption Event has the meaning given to it in Condition 8.7.

  • Common Equity Tier 1 Capital Ratio means (at any time):

  • Mandatory Redemption Price means $25,000 per share of AMPS plus an amount equal to accumulated but unpaid dividends (whether or not earned or declared) to the date fixed for redemption and excluding Additional Dividends.

  • Special Mandatory Redemption Event has the meaning specified in Section 3.02(a) hereto.

  • Margin Call means the situation when the Company informs the Client to deposit additional Margin when the Client does not have enough Margin to open or maintain open positions.

  • Special Mandatory Redemption Price means 100% of the principal amount of the Notes plus accrued and unpaid interest on the principal amount of the Notes to, but not including, the Special Redemption Date.

  • Mandatory Redemption Date means, in respect of a Mandatory Redemption Event, the date designated as such in accordance with Condition 8.7.