Contribution Requests Sample Clauses

Contribution Requests. If at any time, BREA determines in good faith that (i) the Company requires additional capital to meet its financial obligations or (ii) that raising additional capital for additional investment purposes is advisable and in the best interest of the Company (provided, however, such additional investments shall not include additional facilities unless they are contiguous or adjacent to Properties existing as of the date hereof), then upon approval by the Board of Directors pursuant to Section 5.12, BREA may submit a written contribution request (a “Contribution Request”) to the Common Members describing such capital requirements and setting forth each Common Member’s required contribution. BREA may rescind any Contribution Request at any time and may submit Contribution Requests to the Common Members no more frequently than once each month, unless there is an emergency, in which event BREA shall immediately notify the Common Members in writing. Administrative Member shall have the obligation to notify BREA of anticipated capital requirements, in which event BREA may submit a Contribution Request.
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Contribution Requests. The Borrower shall deliver to each Sponsor a written request (a “Contribution Request”), with a copy to the Collateral Agent, at any time that a Project Cost Funding Contribution is reasonably anticipated to be required in accordance with Section 2.1(a)(i). Each Contribution Request shall specify the Project Costs then incurred, the amount of such Contribution Request, each Sponsor’s Investor Percentage of such amount (such amount for each such Sponsor, such Sponsor’s “Contribution Amount”) and the requested date of contribution (which shall be at least ten (10) calendar days following the date of such Contribution Request) (the “Contribution Date”). No later than the applicable Contribution Date, the Equity Investor shall pay or cause to be paid to the Collateral Agent its Contribution Amount pursuant to Section 2.1(b).
Sample 1
Contribution Requests. If BREA reasonably anticipates that there will be capital requirements for any given calendar month, then, at least ten (10) business days prior to the first day of such calendar month, BREA shall submit a written contribution request for such month to the Members describing such capital requirements and meeting the requirements of this subsection A (“Contribution Request”). Each Contribution Request shall (1) describe in reasonable detail the anticipated capital requirements for such month; and (2) set forth each Member’s required contribution. BREA may submit Contribution Requests to the Members no more frequently than once each month, unless there is an emergency, in which event BREA shall immediately notify the Members in writing. Administrative Member shall have the obligation to notify BREA of anticipated capital requirements, in which event BREA may submit a Contribution Request.
Sample 1
Contribution Requests. At least ten (10) days prior to the first day of each calendar month until the completion of the Hotel Project, General Partner shall submit a written contribution request for such month to the Partners describing the contributions to the Project required of the Partners under this Section 3.2 and meeting the requirements of this subsection B ("Contribution Request"). Each Contribution Request shall be in a form approved by Limited Partner, and shall (1) describe in reasonable detail the anticipated expenditures of the Project for such month set forth in the Rehab Budget (to be allocated among the specified line item(s) of the Rehab Budget); (2) indicate the amounts expended by the Partnership to date for the Project among the specified line item(s) of the Rehab Budget; (3) describe the portion of such month's expenditures anticipated to be funded from available Partnership funds; (4) describe the portion of such month's expenditures which is to be funded by contributions of Limited Partner; (5) set forth Limited Partner's required contribution; and (6) be accompanied by the documentation and information as is required under Section 3.2A(2) above. General Partner may submit Contribution Requests to the Partners no more frequently than once each month, unless Limited Partner has given its prior written consent in each instance. Each Contribution Request shall constitute General Partner's representation and warranty to Limited Partner and the Partnership that (a) all disbursements made to date as well as those being currently requested were and will be utilized in compliance with the applicable Contribution Requests and in compliance with the Requirements; and (b) all representations and warranties of General Partner or any of its Affiliates in this Agreement, the Basic Agreement or any Collateral Agreement are true and correct on the date of such Contribution Request in all material respects (as if made on and as of such date).
Sample 1
Contribution Requests. If Managing Member reasonably anticipates that there will be Negative Cash Flow for any given calendar month or that all or a portion of a Financing Shortfall must be funded during any such calendar month, then at least ten (10) days prior to the first (1st) day of such calendar month, Managing Member shall submit a written contribution request for such month to the Members describing such Negative Cash Flow or Financing Shortfall (as the case may be) and meeting the requirements of this Subsection (2) ("Contribution Request"). Each Contribution Request shall (1) describe in reasonable detail the anticipated Negative Cash Flow or Financing Shortfall for such month with reference to the Budgets; (2) indicate the amounts expended by the Company to date in connection with the Project in accordance with the Budgets; (3) describe the portion of expenditures for such month anticipated to be funded from available Company funds; (4) describe the portion of expenditures for such month which is to be funded by contributions from the Members; and (5) set forth each Member's required contribution. Managing Member may submit Contribution Requests to the Members no more frequently than once each month (except as provided in the last sentence of this Subsection), unless each Member has given its prior written consent in each instance. The amounts contributed by each Member pursuant to this Section are referred to herein as such Member's "Additional Capital Contributions".
Sample 1

Related to Contribution Requests

  • Distribution Requirements Arts 3 A course in history, philosophy, theory, or practice of the creative and interpretive arts.

  • REIT Distribution Requirements The General Partner shall use its commercially reasonable efforts to cause the Partnership to distribute amounts sufficient to enable the General Partner to make stockholder distributions that will allow the General Partner to (i) meet its distribution requirement for qualification as a REIT as set forth in Section 857 of the Code and (ii) avoid any federal income or excise tax liability imposed by the Code.

  • Information Requests The parties hereto shall provide any information reasonably requested by the Servicer, the Issuer, the Seller or any of their Affiliates, in order to comply with or obtain more favorable treatment under any current or future law, rule, regulation, accounting rule or principle.

  • Information Request (a) The Owner Trustee shall provide any information regarding the Issuer in its possession reasonably requested in writing by the Servicer, the Administrator, the Seller or any of their Affiliates, in order to comply with or obtain more favorable treatment under any current or future law, rule, regulation, accounting rule or principle.

  • Redemption Requests Receive for acceptance requests and directions from Institutions and Accounts for the redemption of Series shares transmitted or delivered to the office of the Administrator, note the time and date of each request when received, process such requests and directions in accordance with the redemption procedures set forth in the then current Prospectus and Statement of Additional Information ("SAI") of the Series, and deliver the appropriate documentation to the Custodian;

  • Loan Requests To obtain a Loan, Borrower shall make a request to Silicon by facsimile or telephone. Loan requests received after 12:00 Noon will not be considered by Silicon until the next Business Day. Silicon may rely on any telephone request for a Loan given by a person whom Silicon believes is an authorized representative of Borrower, and Borrower will indemnify Silicon for any loss Silicon suffers as a result of that reliance.

  • Information in Interest Election Requests Each telephonic and written Interest Election Request shall specify the following information in compliance with Section 2.02:

  • Investment Company Diversification Requirements The Borrower (together with its Subsidiaries to the extent required by the Investment Company Act) will at all times comply with the portfolio diversification and similar requirements set forth in the Investment Company Act applicable to business development companies. The Borrower will at all times, subject to applicable grace periods set forth in the Code, comply with the portfolio diversification and similar requirements set forth in the Code applicable to RICs.

  • Interest Election Requests To make an election pursuant to this Section 2.04, the Borrower shall notify the Administrative Agent of such election by telephone by the time that a Borrowing Request would be required under Section 2.03 if the Borrower were requesting a Borrowing of the Type resulting from such election to be made on the effective date of such election. Each such telephonic Interest Election Request shall be irrevocable and shall be confirmed promptly by hand delivery or telecopy to the Administrative Agent of a written Interest Election Request in substantially the form of Exhibit C and signed by the Borrower.

  • Notification Requirement Through and up to the conclusion of the Non-Competition Period, Executive shall give notice to the Company of each new business activity he plans to undertake, at least seven (7) days prior to beginning any such activity. Such notice shall state the name and address of the Person for whom such activity is undertaken and the nature of Executive’s business relationship(s) and position(s) with such Person.

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