Contribution Requests Clause Samples

The Contribution Requests clause outlines the process by which one party may formally request additional resources, funds, or efforts from another party involved in an agreement. Typically, this clause specifies the procedures for submitting such requests, including required documentation, timelines for response, and any limitations or conditions that must be met. Its core practical function is to provide a clear and structured method for addressing unforeseen needs or changes during the course of a project, thereby ensuring transparency and minimizing disputes over additional contributions.
Contribution Requests. If at any time, BREA determines in good faith that (i) the Company requires additional capital to meet its financial obligations or (ii) that raising additional capital for additional investment purposes is advisable and in the best interest of the Company (provided, however, such additional investments shall not include additional facilities unless they are contiguous or adjacent to Properties existing as of the date hereof), then upon approval by the Board of Directors pursuant to Section 5.12, BREA may submit a written contribution request (a “Contribution Request”) to the Common Members describing such capital requirements and setting forth each Common Member’s required contribution. BREA may rescind any Contribution Request at any time and may submit Contribution Requests to the Common Members no more frequently than once each month, unless there is an emergency, in which event BREA shall immediately notify the Common Members in writing. Administrative Member shall have the obligation to notify BREA of anticipated capital requirements, in which event BREA may submit a Contribution Request.
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Contribution Requests. The Borrower shall deliver to the Equity Investor a written request (a “Contribution Request”), with a copy to the Collateral Agent, at any time that a Project Cost Funding Contribution is reasonably anticipated to be required in accordance with Section 2.1(a)(i). Each Contribution Request shall specify the Project Costs then incurred, the amount of such Contribution Request, the Equity Investor’s Holdco Percentage of such amount (the “Contribution Amount”) and the requested date of contribution (which shall be at least ten (10) calendar days following the date of such Contribution Request) (the “Contribution Date”). No later than the applicable Contribution Date, the Equity Investor shall pay or cause to be paid to the Collateral Agent its Contribution Amount pursuant to Section 2.1(b).
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Contribution Requests. If BREA reasonably anticipates that there will be capital requirements for any given calendar month, then, at least ten (10) business days prior to the first day of such calendar month, BREA shall submit a written contribution request for such month to the Members describing such capital requirements and meeting the requirements of this subsection A (“Contribution Request”). Each Contribution Request shall (1) describe in reasonable detail the anticipated capital requirements for such month; and (2) set forth each Member’s required contribution. BREA may submit Contribution Requests to the Members no more frequently than once each month, unless there is an emergency, in which event BREA shall immediately notify the Members in writing. Administrative Member shall have the obligation to notify BREA of anticipated capital requirements, in which event BREA may submit a Contribution Request.
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Contribution Requests. At least ten (10) days prior to the first day of each calendar month until the completion of the Hotel Project, General Partner shall submit a written contribution request for such month to the Partners describing the contributions to the Project required of the Partners under this Section 3.2 and meeting the requirements of this subsection B ("Contribution Request"). Each Contribution Request shall be in a form approved by Limited Partner, and shall (1) describe in reasonable detail the anticipated expenditures of the Project for such month set forth in the Rehab Budget (to be allocated among the specified line item(s) of the Rehab Budget); (2) indicate the amounts expended by the Partnership to date for the Project among the specified line item(s) of the Rehab Budget; (3) describe the portion of such month's expenditures anticipated to be funded from available Partnership funds;
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Contribution Requests. If Managing Member reasonably anticipates that there will be Negative Cash Flow for any given calendar month or that all or a portion of a Financing Shortfall must be funded during any such calendar month, then at least ten (10) days prior to the first (1st) day of such calendar month, Managing Member shall submit a written contribution request for such month to the Members describing such Negative Cash Flow or Financing Shortfall (as the case may be) and meeting the requirements of this Subsection (2) ("Contribution Request"). Each Contribution Request shall (1) describe in reasonable detail the anticipated Negative Cash Flow or Financing Shortfall for such month with reference to the Budgets; (2) indicate the amounts expended by the Company to date in connection with the Project in accordance with the Budgets; (3) describe the portion of expenditures for such month anticipated to be funded from available Company funds; (4) describe the portion of expenditures for such month which is to be funded by contributions from the Members; and (5) set forth each Member's required contribution. Managing Member may submit Contribution Requests to the Members no more frequently than once each month (except as provided in the last sentence of this Subsection), unless each Member has given its prior written consent in each instance. The amounts contributed by each Member pursuant to this Section are referred to herein as such Member's "Additional Capital Contributions".
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Related to Contribution Requests

  • Vacation Requests Regular employees become eligible for paid vacation leave once they have completed six (6) months of continuous employment. Vacations requests must be submitted by no later than January 31st to be scheduled for the vacation calendar year of April 1 - March 31. Vacation time may be divided into blocks of one to two weeks in duration. Scheduling of vacation shall be in accordance with seniority within a classification. Where an employee chooses to split their vacation, they shall exercise seniority rights in the choice of the first vacation period. Seniority shall prevail in the choice of the second vacation period but only after all other first vacation periods have been selected. Remaining vacation periods will be scheduled in a fair and equitable manner amongst employees within a classification. The approved vacation schedule will be posted at the worksite on or before February 28th in each year. Employees will be limited to booking a maximum of two (2) consecutive weeks of vacation during prime vacation period (June 15 - September 15; and December 15 - January 5), unless further consecutive weeks would not interfere with the vacation preferences of less senior employees. The Employer will make every effort to accommodate requests for vacation of more than two (2) consecutive weeks outside of prime vacation periods. Employees failing to exercise their right to request vacation within the vacation selection time posted by the Employer will forfeit their seniority rights with respect to choice of vacation time. In such cases, the Employer reserves the right to schedule vacation time for the employee. A maximum of two (2) weeks of vacation time may be carried forward from one year to another. Employees who wish to carry vacation forward should notify the Employer by January 31st. If the employee has not requested all of their vacation leave, the Employer reserves the right to schedule the remaining vacation days within the last four (4) months of the calendar year. The Employer may also pay out unused vacation credits at the end of February each calendar year.

  • Distribution Requirements Arts 3 A course in history, philosophy, theory, or practice of the creative and interpretive arts.

  • REIT Distribution Requirements The General Partner shall use its commercially reasonable efforts to cause the Partnership to distribute amounts sufficient to enable the General Partner to make stockholder distributions that will allow the General Partner to (i) meet its distribution requirement for qualification as a REIT as set forth in Section 857 of the Code and (ii) avoid any federal income or excise tax liability imposed by the Code.

  • Information Requests The parties hereto shall provide any information reasonably requested by the Servicer, the Issuer, the Seller or any of their Affiliates, in order to comply with or obtain more favorable treatment under any current or future law, rule, regulation, accounting rule or principle.

  • Payment Cancellation Requests You may cancel or edit any Scheduled Payment (including recurring payments) by following the directions within the portion of the Site through which the Service is offered. There is no charge for canceling or editing a Scheduled Payment. Once the Service has begun processing a payment it cannot be cancelled or edited, therefore a stop payment request must be submitted.