Cash Contribution by Parent to Citation Sample Clauses

Cash Contribution by Parent to Citation. Effective as of the Contribution Date, Parent shall subscribe to New Citation Stock by making a cash contribution to Citation in the amount necessary to fully pay the debt under Sections 1.4, 1.5, 1.6 and 1.7.4 below and by executing the Subscription Agreement in the form attached as Exhibit C (“Parent Subscription Agreement”). Parent shall be issued the number of shares of New Citation Stock identified on Schedule 3. The Parties agree that, on the Contribution Date and prior to the cash contribution by Parent under this Section 1.3, Citation’s asset value is no greater than the sum of (a) the Revolving Loans, (b) the Advances, (c) $37,326,117.00 (the aggregate value ascribed to the Term Loans in these Transactions), and (d) $2,100,000.00 (the aggregate value ascribed to the Bankruptcy Note). Citation shall use a value consistent with the preceding sentence for purposes of all tax returns and reports filed with respect to the Transactions contemplated by this Agreement.
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Related to Cash Contribution by Parent to Citation

  • Distribution of Financial Contribution The financial contribution of the Funding Authority to the Project shall be distributed by the Coordinator according to: - the Consortium Plan - the approval of reports by the Funding Authority, and - the provisions of payment in Section 7.3. A Party shall be funded only for its tasks carried out in accordance with the Consortium Plan.

  • Initial Capital Contribution and Ownership The Trust Beneficial Owner has paid or has caused to be paid to, or to an account at the direction of, the Trustee, on the date hereof, the sum of $15 (or, in the case of Notes issued with original issue discount, such amount multiplied by the issue price of the Notes). The Trustee hereby acknowledges receipt in trust from the Trust Beneficial Owner, as of the date hereof, of the foregoing contribution, which shall be used along with the proceeds from the sale of the series of Notes to purchase the Funding Agreement. Upon the creation of the Trust and the registration of the Trust Beneficial Interest in the Securities Register (as defined in the Trust Agreement) by the Registrar in the name of the Trust Beneficial Owner, the Trust Beneficial Owner shall be the sole beneficial owner of the Trust.

  • CONTRIBUTIONS TO COMPANY WEBSITE Genius Programs provides an area for our users to contribute feedback to our website. When you submit ideas, documents, suggestions and/or proposals ("Contributions") to our site, you acknowledge and agree that:

  • Financial contribution 7.1.1 The total financial contribution to the Activity amounts up to: 50.000 EUR (Fifty Thousand EURO) for IPR & product development 7.1.2 For the purpose of this Contract the above mentioned total financial contribution is stated to be a ceiling which amount shall not be exceeded and for which the Incubatee shall perform the Activity in full. 7.1.2.1 At the end of the Contract Term the Incubatee shall deliver a cost report, detailing all costs incurred, with all invoices attached. 7.1.2.2 The Incubatee shall prove all expenses from the funding solely with third parties’ invoices used for IPR and product development following the provisions on Article 4 here above. The Incubatee is not authorized to use the above stated funding for reimbursement of his own hours spent in the project. 7.1.3 The above amount does not include any taxes and duties.

  • Initial Contribution The member agrees to make an initial contribution to the Company of $____________.