Funding of Operating Expenses Clause Examples

Funding of Operating Expenses. At the Closing, the Seller ----------------------------- shall disburse to the Buyer any amounts undisbursed as of the Closing Date of the aggregate amount of One Million Eight Hundred Thousand Dollars (US $1,800,000) of
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Funding of Operating Expenses. To the extent the Management Committee expressly approves an additional capital call for Operating Expenses, each Member (other than an Electing Member) shall disburse monies to the Project Account to pay its Pro Rata share of such Operating Expenses, in accordance with the instructions for such funding determined by the Management Committee. All disbursements by the Members for Operating Expenses shall constitute Capital Contributions.
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Funding of Operating Expenses. Notwithstanding the provisions of ----------------------------- Section 8.02 above, during the period between the date of this Agreement and the Closing Date, Seller shall have the right, but not the obligation, to fund the Company's ongoing operating expenses, to the extent that the Seller deems necessary, in an amount not to exceed US$500,000. To the extent that Forest-Starma has positive cash flow during this period, Seller shall have the right to obtain full or partial reimbursement of such funding through Forest-Starma. Seller hereby agrees that any such funding provided by Seller to the Company that has not been reimbursed as of the Closing Date will be forgiven. Any such funding that is reimbursed by the Company to the Seller shall have no effect on the Purchase Price.
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Funding of Operating Expenses. Parent agrees to lend Company up to $25,000 per week during the period commencing on November 1, 2007 and ending on the earlier of the Closing Date or the date of termination of this Agreement pursuant to Section 8.01, with all such loans made pursuant to Company Promissory Notes in the form attached hereto as Exhibit C.
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Funding of Operating Expenses. To the extent set forth in, and subject to the terms of, this Agreement (including the Servicing Obligations), the Servicer shall, on behalf of the Manager, in turn acting on behalf of the Company (and from Company funds made available by the Manager), pay Operating Expenses as directed by the Manager; provided that the making of the same is consistent with the applicable terms and conditions in the Custodial and Paying Agency Agreement and, subject to Section 5.7, the applicable terms and conditions in the LLC Operating Agreement and the other Ancillary Documents.
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Related to Funding of Operating Expenses

  • Payment of Operating Expenses Subject to the provisions of Section 6.08(c), Borrower will (i) pay the expenses of operating, managing, maintaining and repairing the Mortgaged Property (including utilities, Repairs and Capital Replacements) before the last date upon which each such payment may be made without any penalty or interest charge being added, and (ii) pay Insurance premiums at least 30 days prior to the expiration date of each policy of Insurance, unless applicable law specifies some lesser period.

  • Definition of Operating Expenses Operating Expenses" shall mean and include all expenses incurred and payable in connection with the ownership, operation, maintenance, repair and management of the Premises and the improvements thereon and, without restricting the generality of the foregoing, shall include:

  • Duration of Operating Expense Limit The Operating Expense Limit with respect to the Fund shall remain in effect during the term of this Agreement.

  • Limit on Operating Expenses The Advisor hereby agrees to limit the Fund’s current Operating Expenses to an annual rate, expressed as a percentage of the Fund’s average daily net assets for the month, to the amounts listed in Appendix A (the “Annual Limit”). In the event that the current Operating Expenses of the Fund, as accrued each month, exceed its Annual Limit, the Advisor will pay to the Fund, on a monthly basis, the excess expense within the first ten days of the month following the month in which such Operating Expenses were incurred (each payment, a “Fund Reimbursement Payment”).

  • Maintenance of Operations The Company shall maintain operations at the Project for a minimum of ten (10) years beginning on the date the Project is Placed in Service. In addition to any other rights the Department may have under the terms of this Agreement, in the event that the Company discontinues of operations at the Project, such discontinuation may subject the Company to certain statutory provisions, including: 1. Pursuant to the Corporate Accountability for Tax Expenditures Act, 20 ILCS 715, et seq., a discontinuance of operations at the Project during the five-year period after the beginning of the first Taxable Year for which the Department issues a Certificate of Verification shall result in all Credits taken by the Company during such five-year period being deemed Wrongfully Exempted Illinois State Income Taxes and shall subject said Wrongfully Exempted Illinois State Income Taxes to the forfeiture provisions of Section VIII.D hereof. 2. Pursuant to Section 5-65 of the Act, discontinuance by the Company of operations at the Project during the term of this Agreement with the intent to terminate operations in the State of Illinois shall result in all Credits taken by the Company being deemed Wrongfully Exempted Illinois State Income Taxes and shall subject said Wrongfully Exempted Illinois State Income Taxes to the forfeiture provisions of Section VIII.D hereof.