Examples of Supplemental Capital Contribution in a sentence
The approved amount shall be funded within ten (10) days of written notice from the Manager (after the amount is approved as a Major Decision) and shall be treated as a Supplemental Capital Contribution for each funding Member for all purposes under this Agreement.
All “Contribution Loans” and “New Partner Loans” (as those terms are defined in the Prior Agreement) outstanding as of the Effective Date shall be paid on the same terms applicable to Capital Contribution Obligations as set forth in Section 3.7.2 above; provided, that no Supplemental Capital Contribution Amounts will accrue with respect to Contribution Loans.
The Capital Contribution of such New Limited Partner shall be paid upon admission in cash, provided, that upon mutual agreement of such New Limited Partner and the General Partner, such New Limited Partner may contribute its Capital Contribution over time together with the Supplemental Capital Contribution Amounts accrued thereon (such payments collectively referred to as a “Capital Contribution Obligation”) or in an alternative manner approved by the General Partner in its sole discretion.
The General Partner’s Supplemental Capital Contribution shall be apportioned as between Limited and General Partnership Interests in the amounts of $504,000 and $160,000, respectively.
Upon any such determination, the Managing Member shall send a notice (a "Contribution Offer Notice") to each Member stating that each Member may, in its sole discretion, make a Supplemental Capital Contribution in an amount equal to such Members' Supplemental Contribution Participation Amount.
Following the receipt by the Company of Newpar's Supplemental Capital Contribution pursuant to this Section 3.2, Newpar's Capital Account shall be increased by the amount of such Supplemental Capital Contribution.
The Net Cash Proceeds of the Supplemental Capital Contribution which are used to make the mandatory prepayment in accordance with Section 1.1.6.5.c. may, subject to the terms and conditions hereof, be re-borrowed to the extent permitted by Section 1.1.6.2.b. for general corporate purposes and to make the Investments permitted by Section 5.17.
The Capital Contribution of such New Limited Partner shall be paid upon admission in cash, provided , that upon mutual agreement of such New Limited Partner and the General Partner, such New Limited Partner may contribute its Capital Contribution over time 13 together with the Supplemental Capital Contribution Amounts accrued thereon (such payments collectively referred to as a “ Capital Contribution Obligation ”) or in an alternative manner approved by the General Partner in its sole discretion.
In order to provide funds to ARIAD for ARIAD's share of any Supplemental Capital Contributions, HMRI shall, on the date the Supplemental Capital Contribution is due, at ARIAD's request, lend the necessary funds to ARIAD (a "Supplemental Capital Loan") which shall be repayable, together with interest at [*] with interest to be reset quarterly on the first business day of each calendar quarter, out of (a) [*] or (b) in cash.
When the Manager and Members have reached a decision on whether to approve the funding of the Supplemental Capital Contribution and the percentage that each Member would fund, the Manager shall issue a capital call for such amount in accordance withSection 6.2.