Monthly Capital Contributions Clause Samples
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Monthly Capital Contributions. With respect to each calendar month after July 1997, during the Program Genzyme and GelTex, on behalf of the GelTex Companies, shall each make capital contributions to RenaGel LLC, monthly in advance, not later than the fifteenth (15th) day of the prior calendar month, in an aggregate amount equal to one-third of the Program Costs budgeted to be incurred by RenaGel LLC in any then-current Development Plan or Commercialization Plan for the calendar quarter in which such calendar month occurs, allocated between such Parties in accordance with the funding responsibility assumed by Genzyme and GelTex, on behalf of the GelTex Companies, pursuant to Section 4.2 above. Upon receipt of each such capital contribution from Genzyme or GelTex, as the case may be, RenaGel LLC shall promptly pay each of the Parties an amount equal to that portion of the budgeted Program Costs to which they are respectively entitled.
Monthly Capital Contributions. With respect to each calendar month thereafter, Genzyme and Dyax shall each make capital contributions to Kallikrein LLC, monthly in advance, not later than the fifteenth (15th) day of the prior calendar month, in an aggregate amount equal to one-third of the Program Costs budgeted to be incurred by Kallikrein LLC in any then-current Development Plan or Commercialization Plan for the calendar quarter in which such calendar month occurs, allocated between such Parties in accordance with the funding responsibility assumed by Genzyme and Dyax, on behalf of the Dyax Companies, pursuant to Section 4.3.1 above. Upon receipt of each such capital contribution from Genzyme or Dyax, as the case may be, Kallikrein LLC shall promptly pay each of the Parties an amount equal to that portion of the budgeted Program Costs to which they are respectively entitled.
Monthly Capital Contributions. With respect to each calendar month thereafter, Genzyme and Dyax, on behalf of the Dyax Companies, shall each make capital contributions to Kallikrein LLC, monthly in advance, not later than the fifteenth (15th) day of the prior calendar month, in an aggregate amount equal to one-third of the Program Costs budgeted to be incurred by Kallikrein LLC in any then-current Development Plan or Commercialization Plan for the calendar quarter in which such calendar month occurs, allocated between such Parties in accordance with the funding responsibility assumed by Genzyme and Dyax, on behalf of the Dyax Companies, pursuant to Sections 4.1 and 4.2.1 above. Upon receipt of each such capital contribution from Genzyme or Dyax, as the case may be, Kallikrein LLC shall promptly pay each of the Parties an amount equal to that portion of the budgeted Program Costs to which they are respectively entitled.
Monthly Capital Contributions. (a) The Members acknowledge and agree that the continuing operations of the Company will require Monthly Capital Contributions to fund monthly Net Operating Expenses as such amounts become due and payable. The Manager will submit to each Member, no later than the tenth day of each Month, beginning with the tenth day of the first Month following the Month containing the Effective Date, a schedule (the “Monthly Capital Contribution Schedule”) setting forth the Monthly Capital Contributions for each Member equal to its Percentage Interest of Net Operating Expenses due and payable by the Company in such Month. Subject to Section 4.3 and Section 4.4, on or before each Monthly Payment Date, each Member shall contribute to the capital of the Company an amount in immediately available funds equal to such Member’s Monthly Capital Contribution as set forth in the Monthly Capital Contribution Schedule.
(b) Each Monthly Capital Contribution Schedule shall be accompanied by a report that shall contain the following information: (i) the total amount of Monthly Capital Contributions requested from all Members; (ii) the components of the calculation of the amount of such Monthly Capital Contributions; (iii) the amount of the Monthly Capital Contribution requested from the Member to whom the request is addressed; and (iv) the Fiscal Year-to-date Net Cost Per Ton and the percentage by which such Net Cost Per Ton is below or above the Net Cost Per Ton Target for such Fiscal Year.
Monthly Capital Contributions. With respect to each calendar ----------------------------- month after September 30, 1998, Genzyme and BioMarin, on behalf of the BioMarin Companies, shall each make capital contributions to BioMarin/Genzyme LLC, monthly in advance, not later than the fifteenth (15th) day of the prior calendar month, in an aggregate amount equal to one-third of the Program Costs budgeted to be incurred by BioMarin/Genzyme LLC in the then-current Development Plan or Commercialization Plan for the calendar quarter in which such calendar month occurs, allocated between such Parties in accordance with the funding responsibility assumed by Genzyme and BioMarin, on behalf of the BioMarin Companies, pursuant to Section 4.1 above. Upon receipt of each such capital contribution from Genzyme or BioMarin, as the case may be, BioMarin/Genzyme LLC shall promptly pay each of the Parties an amount equal to that portion of the budgeted Program Costs to which they are respectively entitled in accordance with this Agreement.
Monthly Capital Contributions. With respect to each calendar month after December 1997, Genzyme and GTC shall each make capital contributions to ATIII LLC, monthly in advance, not later than the fifteenth (15th) day of the prior calendar month, in an aggregate amount equal to one-third of the Program Costs budgeted to be incurred by ATIII LLC in any then-current Development Plan or Commercialization Plan for the calendar quarter in which such calendar month occurs, allocated between such Parties in accordance with the funding responsibility assumed by Genzyme and GTC pursuant to Section 4.1 above. Upon receipt of each such capital contribution from Genzyme or GTC, as the case may be, ATIII LLC shall promptly pay the Parties that portion of the budgeted Program Costs to which they are respectively entitled.
Monthly Capital Contributions. On or before the seventh (7th) day of each calendar month from and after January 2005, Genzyme and Dyax shall submit invoices to Dyax-Genzyme LLC based on Program Costs respectively incurred by each Party during the prior calendar month. On or before the twentieth (20th) business day after submitting such invoice, Genzyme and Dyax shall each make capital contributions to Dyax-Genzyme LLC in an amount equal to the aggregate Program Costs incurred by both Parties during the prior calendar month (as reflected in their respective invoices) and allocated between such Parties in accordance with the funding responsibility assumed by Genzyme and Dyax pursuant to Section 4.3.1 above. Upon receipt of each such capital contributions, Dyax-Genzyme LLC shall promptly pay, no later than the last business day of the month, each of the Parties an amount equal to that portion of the budgeted Program Costs to which they are respectively entitled.
3. Except as expressly modified hereby, the terms of the Agreement remain unchanged and in full force and effect and shall govern and apply to all matters contemplated by this Amendment.