The Contribution Sample Clauses
The "THE CONTRIBUTION" clause defines the specific goods, services, funds, or other resources that a party is required to provide under the agreement. In practice, this clause outlines the nature, amount, and timing of the contributions, such as a partner supplying capital, equipment, or expertise to a joint venture. Its core function is to clearly allocate responsibilities and ensure that each party understands their obligations, thereby preventing disputes over what each party is expected to contribute.
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The Contribution. Prior to the Effective Time, and subject to the terms and conditions set forth in the Distribution Agreement, Grace intends to cause the transfer to a wholly owned subsidiary of Grace-Conn. ("Packco") of certain assets and liabilities of Grace and its subsidiaries predominantly related to the Packaging Business (the "Contribution"), as contemplated by the Distribution Agreement and the Other Agreements.
The Contribution. 4.1 The Minister will make a repayable Contribution to the Recipient in respect of the Project in an amount not exceeding the lesser of (a) and (b) as follows:
(a) (i) 17.1% of Eligible and Supported Costs representing capital costs of the Project incurred by the Recipient; plus
The Contribution. 21 Section 2.01
The Contribution. (a) On the date hereof and subject to Section 2.5(d) and Section 2.5(e), immediately after the effectiveness of the New Lazard Group Operating Agreement pursuant to Section 2.4(c) and completion of the issuance of the Lazard Group I Note and consummation of the First Redemption (such time, the “Contribution Effective Time”), Lazard Group shall effect and consummate the Contribution by (i) contributing, assigning, transferring, conveying and delivering, or causing another Lazard Group Company to contribute, assign, transfer, convey and deliver to LFCM or to another LFCM Company all of Lazard Group’s (or, as the case may be, the applicable Lazard Group Company’s) right, title and interest in, to and under the LFCM Assets and (ii) issuing and contributing the Lazard Group II Note to LFCM. In consideration therefor, LFCM shall simultaneously therewith (i) assume and agree faithfully to perform and discharge in due course in full all of the LFCM Liabilities in accordance with their respective terms and (ii) issue and deliver to Lazard Group an LFCM Common Interest consisting of LFCM Common Units and having an LFCM Common Capital Account of $ , which LFCM Common Interest will constitute all of the issued and outstanding limited liability company interests of LFCM immediately after the Contribution Effective Time.
(b) The contribution, assignment, transfer, conveyance and delivery of the LFCM Assets and the assignment and assumption in full of the LFCM Liabilities pursuant to Section 2.5(a) shall be effected pursuant to the transactions set forth on, and transfer and assumption agreements attached to, Schedule 2.5(b) (it being understood that the failure to (i) contribute, assign, transfer, convey or deliver any LFCM Asset pursuant to any such transaction or agreement or (ii) assign, delegate or assume in full any LFCM Liability pursuant to any such transaction or agreement, shall not affect the obligations of Lazard Group and LFCM pursuant to Section 2.5(a) (including LFCM’s obligation to assume and agree faithfully to perform and discharge in due course in full all of the LFCM Liabilities in accordance with their respective terms) and in the event of any conflict between this Agreement and any such transfer and assumption agreements, this Agreement shall control).
(c) From and after the Contribution Effective Time, LFCM shall be responsible for all LFCM Liabilities, regardless of when or where such LFCM Liabilities arose or arise, or whether the facts on which ...
The Contribution. (a) The Donor shall, in accordance with the schedule of payments set out below, contribute to UNDP the amount of 12,000,000 DKK. The Contribution shall be deposited in the Danske Bank UNDP Contributions Account: Account Name: UNDP Contributions Account Bank Name: DANSKE BANK (DENMARK) Account number: 3996034445 Address: Holmens ▇▇▇▇▇ ▇-▇▇, ▇▇▇▇ ▇▇▇▇▇▇▇▇▇▇ ▇., ▇▇▇▇▇▇▇ IBAN/ABA: ▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇ SWIFT Code: ▇▇▇▇▇▇▇▇ Schedule of payments Amount Upon signing of financing agreement 12,000,000 DKK
(b) The Donor will inform UNDP when the Contribution is paid via an e-mail message with remittance information to ▇▇▇▇▇▇▇▇▇▇▇▇▇@▇▇▇▇.▇▇▇, providing the following information: Government of Denmark, UNDP country office in Ukraine, Enhancing Mine Action Management in Ukraine, F2: 2022-22772. This information should also be included in the bank remittance advice when funds are remitted to UNDP.
(c) UNDP will within 14 days after the Contribution have been received acknowledge receipt of the Contribution indicating the value in both DKK and USD.
2. The value of the payment, if made in a currency other than United States dollars, shall be determined by applying the United Nations operational rate of exchange in effect on the date of payment. Should there be a change in the United Nations operational rate of exchange prior to the full utilization by the UNDP of the payment, the value of the balance of funds still held at that time will be adjusted accordingly. If, in such a case, a loss in the value of the balance of funds is recorded, UNDP shall inform the Donor with a view to determining whether any further financing could be provided by the Donor. Should such further financing not be available, the assistance to be provided to the Project may be reduced, suspended or terminated by UNDP.
3. The above schedule of payments takes into account the requirement that the payments shall be made in advance of the implementation of planned activities. It may be amended to be consistent with the progress of Project delivery.
4. UNDP shall receive and administer the payment in accordance with the rules, regulations, policies and procedures of UNDP.
5. All financial accounts and statements shall be expressed in United States dollars.
The Contribution. 3.1 Subject to all other provisions of this Agreement, the Agency will make a Contribution (“the Contribution”) to the Recipient, with respect to the Project, calculated as the lesser of:
(a) the amount equal to the assistance rate (%) of the Eligible Costs as stated on Schedule 2 – Statement of Work; and
(b) $250,000.00.
The Contribution. 4.1 The Minister will make a non-repayable Contribution to the Recipient in respect of the Project in an amount not exceeding the lesser of (a) and (b) as follows:
(a) One hundred percent (100% ) of Eligible and Supported Costs of the Project incurred by the Recipient; and
(b) Seven hundred fifty thousand ($750,000)
4.2 The payment of the Contribution per Fiscal Year is set out in Annex 1 – Statement of Work. The Minister will have no obligation to pay any amounts in any other Fiscal Years than those specified in Annex 1 - Statement of Work.
4.3 The Minister shall not contribute to any Eligible and Supported Costs incurred prior to the Eligibility Date or later than the Completion Date.
4.4 The Recipient shall be responsible for all costs of the Project, including cost overruns, if any.
The Contribution. 4.1 Subject to all the other provisions of this Agreement, the Minister will make a Contribution to the Proponent in respect of the Project, of the lesser of:
(a) of the Eligible Costs; and
(b) $ 3,768,391.
4.2 The Minister will not contribute to any Eligible Costs incurred by the Proponent prior to * nor after the Project Completion Date, unless otherwise agreed to in writing by the Minister.
The Contribution. Upon the terms and subject to the conditions hereof, at the Closing, (a) each Contributing Stockholder will contribute to Parent all of the Shares owned by it, and (b) each Contributing Partner will contribute to Parent all of the limited partnership Units owned by it, in each case free and clear of all Liens (defined below), in exchange for such Contributing Stockholder's or Contributing Partner's pro rata share of the Consideration specified in Section 1.
The Contribution. 2 1.2 CONSIDERATION................................................2 1.3 OWNERS' REPRESENTATIVE.......................................3 1.4