Required Capital Contribution definition

Required Capital Contribution means, with respect to the Operating Partnership's acquisition of any After-Acquired Property, a Capital Contribution (as defined in the Operating Partnership's LPA) by the Manager and/or one or more of the Key Persons (or their respective designees) in an amount such that the Projected FCCR shall be equal to or greater than MCFCCR.

Required Capital Contribution has the meaning set forth in Section 4.4.2 hereof.

Required Capital Contribution means for the Fund on the date of any Contribution Event, a Capital Contribution in an amount sufficient for the Fund to maintain its net asset value per share at no less than the Minimum Permissible NAV, after giving effect to the Contribution Event and all payments received by the Fund in respect of the Eligible Notes. The net asset value for purposes of calculating the amount of Required Capital Contribution shall exclude any account receivable or other asset representing the Support Provider’s obligations under this Agreement. Minimum Permissible NAV means $0.995 for so long as the Fund is not rated by Standard & Poor’s, and $0.9975 if the Fund is rated by Standard & Poor’s.

Examples of Required Capital Contribution in a sentence

• Each Member subject to a Contribution Agreement will, not later than the date specified in the Capital Call Notice, contribute or procure the payment of cash to the Company by wire transfer of immediately available funds, to the bank account of the Company specified in the applicable Capital Call Notice, in an amount equal to the Required Capital Contribution required to be funded by such Member pursuant to the applicable Capital Call Notice.

• Without limiting the other remedies set forth in Section 4.4.5 below, any Required Capital Contribution not made by such date will accrue interest at the rate of one percent (1%) per month for the period commencing on the date such payment was due until the day such payment is paid by the applicable Member; provided, however, that such interest payments will not be deemed Capital Contributions.

• Any remedy under clause (i) or (ii) shall be exercised within sixty (60) days after the date on which the Required Capital Contribution giving rise to the Defaulted Amount was due.

• In addition, in the event that a Member fails to fund any portion of any Required Capital Contribution, such Member shall forfeit its voting rights, if any.

• No Member shall be required to make Capital Contributions to the Company in excess of such Member’s Required Capital Contribution and, except as otherwise contemplated herein, no Member shall be permitted to make Capital Contributions to the Company in excess of such Member’s Required Capital Contribution, in either case without the approval of the Board.

More Definitions of Required Capital Contribution

Required Capital Contribution means for the Fund on the date of any Contribution Event, a Capital Contribution in an amount sufficient for the Fund to maintain its net asset value per share at no less than the Minimum Permissible NAV, after giving effect to the Contribution Event and all payments received by the Fund in respect of the Eligible Notes. The net asset value for purposes of calculating the amount of Required Capital Contribution shall exclude any account receivable or other asset representing the Support Provider’s obligations under this Agreement. Minimum Permissible NAV means $0.9990.

Required Capital Contribution means for the Fund on the date of any Contribution Event, a Capital Contribution in an amount sufficient for the Fund to maintain its net asset value per share at no less than the Minimum Permissible NAV, after giving effect to the Contribution Event and all payments received by the Fund in respect of the Eligible Notes. The net asset value for the purposes of calculating the amount of Required Capital Contribution shall exclude any account receivable or other asset representing the Support Provider’s obligations under this Agreement. Minimum Permissible NAV means with respect to the Fund $0.9950 for so long as the Fund is rated by Xxxxx’x Rating Agency.

Required Capital Contribution means all Capital Contributions by a Member until such Member’s aggregate Capital Contributions to the Company equal such Member’s full Capital Commitment. For the avoidance of doubt, any interest component due in connection with a Catch-up Contribution shall be excluded for purposes of such Member’s Required Capital Contribution. [***]

Required Capital Contribution is defined in Section 2.3.1.

Required Capital Contribution has the meaning set forth in Section 2.02(a).

Required Capital Contribution means any Capital Contribution for which such capital is required in connection with (i) the preservation, repair, operation and/or maintenance of the Properties, (ii) any emergency at the Properties, (iii) causing the Properties to comply with Laws,(iv) amounts required to comply with any leases or financing documents, (v) operating shortfalls,(vi) the payment of property taxes, or (vii) funding any other item or matter contemplated by the Current Company Budget and Plan. 1.1. Initial Capital Contributions The Capital Accounts for each of the Members shall be credited on the Effective Date as follows:

Required Capital Contribution. Restricted Payment," "Securityholders' Portion," "Special Dividend," "13.60% Debenture," "Tri-City Purchase Agreement" and "Unrestricted Subsidiary." (b) The definition of "Guarantor Senior Indebtedness" is amended to be and read in its entirety as follows: "Guarantor Senior Indebtedness" means, with respect to any Guarantor, the principal of, premium, if any, and interest on (including interest accruing subsequent to the occurrence of any event specified in Sections 6.1(a)(vii) or (viii) relating to such Guarantor whether or not the claim for such interest is allowed under any applicable Bankruptcy Code) all obligations of every nature of such Guarantor under or in respect of up to $40 million in aggregate principal amount under the Revolving Credit Facility, whether outstanding on the Issue Date or thereafter incurred without giving effect to any reduction in the amount of such Indebtedness necessary to render the obligation of any Guarantor with respect thereto (as obligor, guarantor or otherwise) not voidable under applicable law relating to "fraudulent conveyance" or "fraudulent transfer." Notwithstanding the foregoing, "Guarantor Senior Indebtedness" shall not include, (a) Indebtedness that is expressly subordinate or junior in right of payment to any Indebtedness of such Guarantor, (b) Indebtedness which, when incurred and without respect to any election under Section 1111(b) of Xxxxx 00, Xxxxxx Xxxxxx Code, is without recourse to such Guarantor, and (c) that portion of any Indebtedness which at the time of its issuance is issued in violation of this Indenture.