Examples of Transfer Contribution in a sentence
Each Contributing Member that has made a Debt Relief Transfer Contribution will be allocated a proportionate share of the subscription votes specified for such member in Column b-3 of Table 2 from time to time and at least semi-annually following payment of any amount of its Debt Relief Transfer Contribution to compensate the Association for forgiveness of debt under the HIPC Debt Initiative or to finance arrears clearance operations.
Contributing Members making a Debt Relief Transfer Contribution will either (i) enter into a Contribution Agreement with the Association as administrator of the Debt Relief Trust Fund; or (ii) for Contributing Members that are already current contributors to the Debt Relief Trust Fund, send to the Association a notice of additional contribution, (each constituting a “Debt Relief Transfer Notification”).
Contributing Members making a Debt Relief Transfer Contribution will either (i) enter into a Contribution Agreement with the Association as administrator of the Debt Relief Trust Fund; or (ii) for Contributing Members that are already current contributors to the Debt Relief Trust Fund, send to the Association a notice of additional contribution or allocation to the appropriate window of the Debt Relief Trust Fund (each a “Debt Relief Transfer Notification”).
A person will continue to be a Member for purposes of having benefit rights and for purposes of making a Transfer Contribution or Rollover Contribution into the Plan pursuant to Sections 3.03 and 3.04 of this Plan until the person is no longer entitled to receive any benefits under the Plan.
The transferred amounts shall be held by the Vendor in a Transfer Contribution Account.