Financing of the Company. LOL expects to have contributed 38.75% of the capital of the Company, consisting of cash and the beneficial use of the LOL Contributed Assets referred to in Section 1.4. Farmland, CHS, and United LLC expect to have together directly or indirectly contributed 61.25% of the capital of the Company, consisting of cash and the beneficial use of United LLC Contributed Assets referred to in Section 1.5, subject to the provisions of the LLC Agreement. The Parties shall arrange for financing of the joint venture pursuant to the terms of the LLC Agreement, it being the intent of the Parties to obtain non-recourse as to the Members financing for the Company, as soon as practical and in any event not later than April 30, 2000.
Financing of the Company. 2.1 The Company has, at the date of this Agreement, an authorised Share Capital of INR 3,00,00,000 consisting of 30,00,000 Equity Shares of par value INR 10 each. As of date 2932159 Equity Shares have been issued and are held by the persons in the number and proportion as set out in Schedule 2A.
Financing of the Company. 3.1 The Company shall generally finance itself with the means acquired from its activities. The Company shall maintain a trustworthy solvency level. The Company shall usually not take liabilities in the amount exceeding the reasonable needs for the activities of the Company.
Financing of the Company. 5.1 The Parties agree that at all times during the validity of this Agreement, the authorized share capital of the Company shall be Rs. Crores (Rupees Crores only), divided into Crores ( only) equity shares, the par value of each share being Rs.10/- (Rupees ten only) each. However, for maintaining the economic interest of the DRP/SRA in the SPV Company, the SPV Company may issue different categories of shares. The Lead Partner represent/s and warrant/s that the authorised share capital of the Company shall at no time be lesser than the equity requirements for the Project, as stated in the Approved Business Plan.
Financing of the Company. 8.1 Stated Capital The Company shall have an initial authorized capital of Saudi Riyals (SR ) divided into ( ) indivisible shares valued at Saudi Riyals (SR ) each.
Financing of the Company. 3.1 The Company shall be financed initially by the proceeds of the share subscription, and thereafter any additional finance required for the Company shall be provided in such manner and in such amounts as the Parties may agree from time to time.
Financing of the Company. Subject to the provisions of this Section 7.19 and after the consummation of the Merger, during the period of time from August 1, 1996 through July 31, 2000 (the "Measuring Period") AUGI shall make available to the Surviving Corporation certain inter-company loans and advances (the "AUGI Financing") to fund working capital requirements of the Company, in accordance with the "Corporation's Budget" referred to in Section 7.19(c) below.
Financing of the Company. Subject to any contrary agreement, and save as expressly provided by this Agreement, no Shareholder shall be obliged to contribute to the capital of the Company, whether by further subscription for shares or by loans or otherwise.
Financing of the Company. The Members shall provide, in the form of contributions to the capital of the Company and not loans to the Company, all cash needed by the Company at any time to finance its operations or to pursue the Business Plan, except that the Members will not be required to provide financing for business initiatives required by Buyer that are not provided for in the Business Plan. Return by the Company to the Members of such capital contributions will be subject to the restrictions set forth in Section 5.3(a). If necessary in order to access sufficient cash to meet the Company's cash needs, the Members will borrow
Financing of the Company. The Managers shall not be required to seek third-party financing prior to issuing calls for Additional Capital.
