Contribution Account. In accordance with this Indenture and the Securities Account Control Agreement, the Trustee shall, on or prior to the Closing Date, establish with the corporate trust department of the Custodian a single segregated non-interest bearing account, which shall be subject to the lien of U.S. Bank National Association, as Trustee for the benefit of the Secured Parties, which shall be designated as the “Contribution Account”, which account shall held in the name of “ABPCI Direct Lending Fund CLO VI Ltd”, and which shall be maintained with the Custodian in accordance with the Securities Account Control Agreement. At any time during or after the Reinvestment Period, any Holder or beneficial owner of a Subordinated Note may, upon written notice to the Trustee and the Collateral Manager, (i) make a contribution of Cash, Eligible Investments or Collateral Obligations to the Issuer or (ii) solely in the case of Holders of Certificated Notes, by notice given in accordance with this Indenture at least 10 Business Days prior to a Payment Date, designate any portion of Interest Proceeds or Principal Proceeds that would otherwise be distributed on its Subordinated Notes in accordance with the Priority of Payments as a contribution to the Issuer (each, a “Contribution” and each such Holder, a “Contributor”); provided that each Contribution shall be no less than $500,000; provided, further that the total number shall not in the aggregate exceed three Contributions (except with the consent of a Majority of the Controlling Class). The Collateral Manager, on behalf of the Issuer, may accept or reject any Contribution in its sole discretion and shall notify the Trustee in writing of any such acceptance. Each accepted Contribution will be deposited into the Contribution Account. If a Contribution is accepted, the Collateral Manager on behalf of the Issuer will apply such Contribution to a Permitted Use as directed by the Contributor at the time such Contribution is made (or, if no direction is given by the Contributor, at the direction of the Collateral Manager in its sole discretion). No Contribution or portion thereof shall be returned to the Contributor at any time (other than returns on such Subordinated Notes by operation of the Priority of Payments) and no shares in the Issuer shall be issued or other rights against the Issuer shall be credited in favor of the Contributor as a result of such Contribution. For administrative convenience, any Contributions or transfers of Cash...
Contribution Account. In accordance with this Indenture and the Securities Account Control Agreement, the Issuer shall, prior to the Closing Date, cause the Collateral Trustee to establish at the Custodian a single, segregated non-interest bearing account held in the name of the Issuer, subject to the lien of the Collateral Trustee, which shall be designated as the Contribution Account, which shall be maintained with the Custodian in accordance with the Securities Account Control Agreement. Each Cash Contribution will be received into the Contribution Account, and the Collateral Manager, on behalf of the Issuer, will apply such Contribution to the Permitted Use directed by the applicable Contributor at the time such Contribution is made (or, if no such direction is given by the Contributor, at the direction of the Collateral Manager in its sole discretion). No Contribution or any portion thereof will be returned to the Contributor at any time. Any income earned on amounts deposited in the Contribution Account will be deposited in the Interest Collection Subaccount as Interest Proceeds.
Contribution Account. The Trustee shall, on or prior to the Closing Date, establish a segregated non-interest bearing trust account in the name of the Trustee for the benefit of the Secured Parties, which shall be designated as the Contribution Account (the “Contribution Account”), and which shall be maintained with the Custodian in accordance with the Account Agreement. Each accepted Cash Contribution shall be received into the Contribution Account either directly or by way of a transfer from the Payment Account with respect to a Contribution described in clause (ii) of the definition of Contribution. Any portion of a Cash Contribution designated as Interest Proceeds or Principal Proceeds will be deposited in the Collection Account. Any income earned on amounts deposited in the Contribution Account will be deposited in the Collection Account as Interest Proceeds. For the avoidance of doubt, any amounts deposited into the Contribution Account as described in clause (ii) above shall be deemed for all purposes as having been paid to the Contributor pursuant to the Priority of Payments.
Contribution Account. (1) The Trustee will establish a separate journal account for each of the FPT Governments (a “Contribution Account”).
Contribution Account. A Contribution Account shall be established on the books of the Partnership for each Partner, other than LEAAF Partners in respect of their LEAAF Partnership Interests. Each such Contribution Account shall be credited (increased) with the amount of the respective Partner's contributions to the Partnership as and when made, with property contributed in kind being valued in accordance with Section 4.6(c) hereof. The balance of each Partner's Contribution Account shall be debited (reduced) by the amounts distributed to such Partner pursuant to Section 6.2(d) or Section 12.2 of this Agreement.
Contribution Account. The term “
Contribution Account. (2) Beginning January 1, 2000 and ending December 31, 2000, a loan shall be withdrawn on a pro rata basis from a borrower's Employee 401(k) Contribution Account, Rollover Account and Employer Match Account.
Contribution Account. The Company shall maintain for accounting -------------------- purposes the following memorandum account ("Contribution Account") for each Member. The initial balance of such account shall be the Member's Initial Capital Contributions set forth in Section 3.1. The balance of such account shall be increased by, and as of the date of, each additional Capital Contribution made by such Member. The balance of the Contribution Account of each Member shall be decreased by any Distributions to such Member under Sections 6.4(b) and 10.5.
Contribution Account. A Participant’s rights to his Section 401(k) Contribution Account shall be nonforfeitable at all times.
Contribution Account. The Trustee has established at the Custodian a single, segregated non-interest bearing trust account which shall be held in the name of the Trustee for the benefit of the Secured Parties, which shall be designated as the “Contribution Account,” and which shall be maintained by the Issuer with the Custodian in accordance with the Securities Account Control Agreement. At any time during the Reinvestment Period, any Holder of Interests may, but shall not be required to, (A) make contributions of Cash, Eligible Investments and Collateral Obligations, in each case, in an amount equal to not less than $500,000 (each, a “Contribution” and, each such Holder, a “Contributor”), to the Issuer for any purpose (including, without limitation, any Permitted Use and/or to make any Cure Contribution) or (B) return to the Trustee any portion of Interest Proceeds or Principal Proceeds that was distributed on such Interests in accordance with the Priority of Distributions. Each Contribution shall be received into the Contribution Account, and the Portfolio Manager, on behalf of the Issuer, shall apply such Contribution as directed by the applicable Contributor at the time such Contribution is made (or, if no such direction is given by the Contributor, at the direction of the Portfolio Manager in its sole discretion). No Contribution or any portion thereof shall be returned to the Contributor at any time. Any income earned on amounts deposited in the Contribution Account shall be deposited in the Interest Collection Account as Interest Proceeds.
