Required Capital Contribution definition

Required Capital Contribution means, with respect to the Operating Partnership's acquisition of any After-Acquired Property, a Capital Contribution (as defined in the Operating Partnership's LPA) by the Manager and/or one or more of the Key Persons (or their respective designees) in an amount such that the Projected FCCR shall be equal to or greater than MCFCCR.

Required Capital Contribution has the meaning set forth in Section 4.4.2 hereof.

Required Capital Contribution means for the Fund on the date of any Contribution Event, a Capital Contribution in an amount sufficient for the Fund to maintain its net asset value per share at no less than the Minimum Permissible NAV, after giving effect to the Contribution Event and all payments received by the Fund in respect of the Eligible Notes. The net asset value for purposes of calculating the amount of Required Capital Contribution shall exclude any account receivable or other asset representing the Support Provider’s obligations under this Agreement. Minimum Permissible NAV means $0.995 for so long as the Fund is not rated by Standard & Poor’s, and $0.9975 if the Fund is rated by Standard & Poor’s.

Examples of Required Capital Contribution in a sentence

• Each Member subject to a Contribution Agreement will, not later than the date specified in the Capital Call Notice, contribute or procure the payment of cash to the Company by wire transfer of immediately available funds, to the bank account of the Company specified in the applicable Capital Call Notice, in an amount equal to the Required Capital Contribution required to be funded by such Member pursuant to the applicable Capital Call Notice.

• Without limiting the other remedies set forth in Section 4.4.5 below, any Required Capital Contribution not made by such date will accrue interest at the rate of one percent (1%) per month for the period commencing on the date such payment was due until the day such payment is paid by the applicable Member; provided, however, that such interest payments will not be deemed Capital Contributions.

• If any Member fails to make any Required Capital Contribution (a “Contribution Default”), then such Member (a “Defaulting Member”) will thereafter be subject, without further consent from such Member, to the provisions of this Section 3.1(f).

• The obligation of each Member to make its pro rata share of a Required Capital Contribution shall accrue regardless of whether any other Member failed to pay all or any portion of its pro rata share of such Required Capital Contribution.

• If any Member (in this context, the “ Capital Defaulting Member”) fails at any time to contribute any portion of a Required Capital Contribution which it is required to make under Section 1.2 by the due date therefor, then the other Member (in this context, the “Capital Non-Defaulting Member”) shall have the right to seek the remedies described in subsections (i) and (ii) below.

More Definitions of Required Capital Contribution

Required Capital Contribution means for the Fund on the date of any Contribution Event, a Capital Contribution in an amount sufficient for the Fund to maintain its net asset value per share at no less than the Minimum Permissible NAV, after giving effect to the Contribution Event and all payments received by the Fund in respect of the Eligible Notes. The net asset value for purposes of calculating the amount of Required Capital Contribution shall exclude any account receivable or other asset representing the Support Provider’s obligations under this Agreement. Minimum Permissible NAV means $0.9990.

Required Capital Contribution is defined in Section 2.3.1.

Required Capital Contribution has the meaning set forth in Section 2.02(a).

Required Capital Contribution means for the Fund on the date of any Contribution Event a Capital Contribution in an amount sufficient for the Fund to maintain its net asset value per share at no less than the Minimum Permissible NAV, after giving effect to the Contribution Event and all payments received by the Fund in respect of the Eligible Notes. The net asset value for the purposes of calculating the amount of Required Capital Contribution shall exclude any account receivable or other asset representing the Support Provider’s obligations under this Agreement. Minimum Permissible NAV means with respect to the Fund £0.9950 for so long as the Fund is rated by Xxxxx’x Rating Agency.

Required Capital Contribution means, with respect to the Operating Partnership’s acquisition of any After-Acquired Property, a Capital Contribution (as defined in the Operating Partnership’s LPA) by the Manager and/or one or more of the Key Persons (or their respective designees) in an amount such that the Projected FCCR shall be equal to or greater than MCFCCR.

Required Capital Contribution. Restricted Payment," "Securityholders' Portion," "Special Dividend," "13.60% Debenture," "Tri-City Purchase Agreement" and "Unrestricted Subsidiary." (b) The definition of "Guarantor Senior Indebtedness" is amended to be and read in its entirety as follows: "Guarantor Senior Indebtedness" means, with respect to any Guarantor, the principal of, premium, if any, and interest on (including interest accruing subsequent to the occurrence of any event specified in Sections 6.1(a)(vii) or (viii) relating to such Guarantor whether or not the claim for such interest is allowed under any applicable Bankruptcy Code) all obligations of every nature of such Guarantor under or in respect of up to $40 million in aggregate principal amount under the Revolving Credit Facility, whether outstanding on the Issue Date or thereafter incurred without giving effect to any reduction in the amount of such Indebtedness necessary to render the obligation of any Guarantor with respect thereto (as obligor, guarantor or otherwise) not voidable under applicable law relating to "fraudulent conveyance" or "fraudulent transfer." Notwithstanding the foregoing, "Guarantor Senior Indebtedness" shall not include, (a) Indebtedness that is expressly subordinate or junior in right of payment to any Indebtedness of such Guarantor, (b) Indebtedness which, when incurred and without respect to any election under Section 1111(b) of Xxxxx 00, Xxxxxx Xxxxxx Code, is without recourse to such Guarantor, and (c) that portion of any Indebtedness which at the time of its issuance is issued in violation of this Indenture.

Required Capital Contribution. Restricted Payment," "Securityholders' Portion," "Special Dividend," "13.60% Debenture," "Tri-City Purchase Agreement" and "Unrestricted Subsidiary." (b) The definition of "Revolving Credit Facility" is amended to be and read in its entirety as follows: "Revolving Credit Facility" means the Revolving Credit Agreement dated as of December 27, 1995, among AMCE, as borrower, certain of its subsidiaries, as guarantors, and The Bank of Nova Scotia, Chemical Bank, Bank of America National Trust and Savings Association and certain other lenders together with the exhibits and schedules thereto, as the same may be amended, supplemented or otherwise modified from time to time, and any refinancings, replacements or renewals thereof.