Working Capital Contribution definition

Working Capital Contribution is defined in Section 3.4 hereof.

Working Capital Contribution means the amount payable to the Company each Fiscal Year by each of the Members for the Company’s working capital requirements pursuant to Section 5.3.

Working Capital Contribution shall have the meaning given to it in the Operating Agreement.

Examples of Working Capital Contribution in a sentence

• Any failure to fund the Working Capital Contribution in strict accordance with such schedules shall be deemed to be a material breach of this Operating Agreement.

• Any Working Capital Contribution as defined in Section 3.4 shall also be considered as a Capital Contribution and such contribution shall not result in a change to the Member Percentage of any Member.

• Upon approval of each Annual Budget, NBGV shall fund the Working Capital Contribution in accordance with the schedule outlined in each Annual Budget, including any amendments thereto, until the full Working Capital Contribution has been funded.

• On the date hereof, Patriot and TPL shall each make an Initial Working Capital Contribution to the Company of Two Million Dollars ($2,000,000), for an aggregate Initial Working Capital Contribution of Four Million Dollars ($4,000,000).

• The 2021 Working Capital Contribution shall be treated as part of the Reserves.

• At the Closing, Purchaser shall pay the Association (1) the monthly assessments for (a) the month in which the Closing occurs (prorated from and including the Closing Date) and (b) the first full calendar month following the Closing, and (2) the amount of the Working Capital Contribution required by the Declaration.

• The Working Capital Contribution shall be made pursuant to an “Annual Budget” adopted by the Managers in accordance with Section 3.7. Any contribution made by NGBV for working capital in excess of those amounts specified on Schedule A shall be considered a loan by NBGV to the Company subject to the provisions of Section 4.3(g).

• For purposes hereof, the "Contract Working Capital Contribution" shall mean the result obtained by multiplying (a) the total amount of revenue to be received under the Contract by (b) one minus the gross margin realized under the Contract (expressed as a percentage).

• Upon approval of each Annual Budget, Member shall fund the Working Capital Contribution in accordance with the schedule outlined in each Annual Budget, including any amendments thereto, until the full Working Capital Contribution has been funded.

• The funds accumulated through the Working Capital Contribution help operate the Association during its formative stage and often help the Association establish a strong financial footing, which directly benefits the members of the Association.Insurance Reserve: Insurance for the Association is purchased as a prepaid asset, meaning that it is paid for in advance of the period that the insurance will cover.

More Definitions of Working Capital Contribution

Working Capital Contribution means $25,000,000 with respect to the Initial Closing and $0 at each subsequent Closing.

Working Capital Contribution is defined in Section 2A.9(b)

Working Capital Contribution means AppNet's post-Closing contribution to the capital of I33, of the amount set forth in and as such term is defined in Section 3.4.

Working Capital Contribution has the meaning set forth in Section 4.01.