Parent Contribution Clause Samples
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Parent Contribution. Spring Lane shall not be obligated to make a Subsequent Contribution until Parent has made all required Contributions set forth in all Contribution Requests, including the Contribution Request for which this condition to make a Subsequent Contribution relates, on a pro rata basis calculated based on the amount of Class B Membership Interests held by Parent and Spring Lane.
Parent Contribution. The parents/guardians of a player selected to any of the WSLL All-Star teams will contribute an amount to be determined by the Executive Committee.
Parent Contribution. The Parent Contribution shall have been made.
Parent Contribution. Parent shall have contributed $30,000,000 to the account of Target by wire transfer of immediately available funds, the uses of which are set forth in Parent Schedule A to this Agreement.
Parent Contribution. Parent shall contribute to Purchaser all Parent Class A Shares required to be delivered to any Person pursuant to this Agreement within a timeframe that would permit Purchaser to deliver such Parent Class A Shares on the timeframes required by this Agreement and in accordance with Purchaser’s covenants and obligations hereunder.
Parent Contribution. Prior to the Effective Time, Parent or an Affiliate of Parent shall contribute $40 million in cash or cash equivalents to Newco in exchange for an issuance of 2,154,882 shares of Class B Common Stock to Parent.
Parent Contribution. On the terms and subject to the conditions set forth in this Agreement, on the Closing Date and immediately after the Blocker Merger Effective Time, Parent shall contribute to Merger Sub, as a capital contribution in respect of the Merger Sub Interests, (a) cash in the amount of the Available Funds less (i) the amount of the Parent Transaction Expenses and (ii) the aggregate amount payable by Parent in lieu of fractional shares of Parent Class A Common Stock pursuant to Section 2.4(b)(i), (b) the number of shares of Parent Class B Common Stock included in the Company Merger Consideration, and (c) the number of shares of Parent Class A Common Stock to be used for the payment of Stock Transaction Expenses pursuant to Section 2.7(c) and Section 2.7(d) (the “Parent Contribution”).
Parent Contribution. At or prior to the Closing, after satisfying the Permitted Parent Leakage, Parent shall contribute the remaining Trust Fund monies (and other cash held by Parent, collectively the “Parent Contribution Amount”) to the Buyer in exchange for the Buyer Units contemplated by Section 1.2(c)(B), and the Expenses of Parent shall be paid in accordance with Section 12.8.
Parent Contribution. SJCA’s ability to implement the program is based on some contributions from parents in the community. It is anticipated that some of the parents will choose to make a financial contribution for computer acquisition, which will result in a separate agreement enabling the parent to have an option to purchase the computer and substantial benefits that come from ownership. SJCA will provide computers to students for use in the program without regard to ability to make financial contribution.
Parent Contribution. GM hereby guarantees to the ASARCO Committee (together with ASARCO, the “Guaranteed Parties”) the prompt payment in full of the Parent Contribution when due in accordance with the terms of the Plan (such obligations being herein collectively called the “Parent Contribution Obligations” and, together with the WCF Obligations, the “Guaranteed Obligations”). GM hereby further agrees that if the Plan Sponsor shall fail to pay in full when due any of the Parent Contribution Obligations, GM will promptly pay the same, without any demand or notice whatsoever, and that in the case of any extension of time of payment or renewal of any of the Parent Contribution Obligations, the same will be promptly performed and paid in full when due in accordance with the terms of such extension or renewal, provided that (i) in no event shall the ASARCO Committee receive, in connection with exercising its rights hereunder and under that certain third amended and restated escrow agreement dated August 20, 2009 by and among ASARCO Inc, AMC and The Bank of New York Mellon (the “Escrow Agreement”), an aggregate amount exceeding the Parent Contribution (computed, for purposes of determining the aggregate U.S. dollar amount of any SCC Stock (as defined in the Escrow Agreement) received by the ASARCO Committee pursuant to the Escrow Agreement, based on the “last reported sale price” of such SCC Stock in accordance with the Escrow Agreement) and (ii) prior to enforcing its rights hereunder, the ASARCO Committee (in consultation with the Asbestos Representatives (as defined in the Plan)) shall have first exercised its rights under Section 3 of the Escrow Agreement.