Contribution Notice. The term “
Contribution Notice a contribution notice issued by the Pensions Regulator in the UK under section 38 or section 47 of the Pensions Xxx 0000 (UK).
Contribution Notice. The Operator must immediately, after an amount has become a Default Amount in respect of a Defaulting Participant by notice to the Non-defaulting Participant, require payment by it of the Default Amount (“Contribution Notice”) and, within ten (10) Business Days of receipt of a Contribution Notice, the Non-defaulting Participant may elect to pay to the Operator the Default Amount. If a Contribution Notice is given, the Non-defaulting Participant may, despite Section 8.8(b), convene a meeting of the Management Committee on two (2) Business Days’ notice to consider the giving of directions to the Operator to reduce or defer the Joint Venture Activities proposed to be carried out in the next quarter. At that meeting of the Management Committee, the members of the Management Committee appointed by the Defaulting Participant will not be entitled to vote on any question concerning the reduction or deferral of Joint Venture Activities. If the Operator is directed to reduce or defer Joint Venture Activities, it must immediately re-issue the last issued Cash Call Notice and the Contribution Notice taking due account of the effect of the reduction or deferral and the Default Amount will be reduced to an amount equal to the Defaulting Participant’s required contribution on the basis of the re-issued Cash Call Notice.
Contribution Notice. The Operator must immediately, after an amount has become a Default Amount in respect of a Defaulting Participant by notice to the Non-defaulting Participant, request payment by it of the Default Amount (“Contribution Notice”) and, within 40 Business Days of receipt of a Contribution Notice, the Non-defaulting Participant may pay to the Operator the Default Amount or where there is more than one Non-defaulting Participant, a pro-rata proportion (determined in proportion to the respective Participating Interests of the Non-defaulting Participants) of the Default Amount. If a Contribution Notice is given, whether or not any Non-defaulting Participant has paid to the Operator its pro-rata amount of the Default Amount, any Non-defaulting Participant may, despite clause 10.15, convene a meeting of the Management Committee on five Business Days notice to consider the giving of directions to the Operator to reduce or defer the Joint Venture Activities proposed to be carried out in the next calendar month, taking into account the fact that the Default Amount is not available. At that meeting of the Management Committee, the members of the Management Committee appointed by the Defaulting Participant despite clause 10.13 will not be entitled to vote on any question concerning the reduction or deferral of Joint Venture Activities. If such reduced or deferred Joint Venture Activities are approved by the Management Committee, then the funding thereof shall be solely by the Non-defaulting Participants and such activities and funding shall not in any manner affect the status of the Defaulting Participant or of the Default Amount.
Contribution Notice. 4.2 CEO............................................................2.3 CFO............................................................2.3 Director.......................................................2.1
Contribution Notice. When the Managing Member desires to have UPK contribute Properties to the Company or to grant Surface Rights, the Managing Member shall:
