Working Capital Contribution Sample Clauses
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Working Capital Contribution. The Shareholders are desirous of as quickly as possible entering into a contract or contracts for the start-up of Agreed Construction at the Channahon Facility. UGE has pre-existing relationships with AMS and Block Electric, and other reputable contractors with familiarity and working knowledge of the Channahon facility. As UGE’s working capital contribution and prior to obtaining Project Financing, UGE at its own cost and expense shall perform the following:
(a) Negotiate and coordinate with DeNovo Global Technologies, Inc. (“De Novo”) to minimize engineering expense, maximize in field placements and generate the lowest cost infra-structure placement with complete “as-built” drawings; and
(b) assist DeNovo in marking equipment for removal, refurbishing and determining demolition situs, status and schedule and, if feasible complete plans for a first phase capable of producing approximately 12 million gallons per year capacity using existing reactors and equipment, and
(c) arrange for AMS to commence demolition and basic to Equipment relocation at the site; and
(d) arrange for Block Electric to start testing and ringing out needed circuits and placing transmitters and otherwise providing the capability for a revise electrical plan, and
(e) negotiate contracts and take all planning and implementation action needed for the acquisition of glycerin feedstock, conversion to technical grade glycerin and the sale of such glycerin, and
(f) work with De Novo, Block, AMS and other contractors to obtain a final cost estimate for the Agreed Improvements, such that the estimate will be sufficient for Project Financing purposes, and
(g) be making their Best Efforts to obtain a commitment for Project Financing. It is the Shareholder’s specific intention that this in-kind, working capital advance made available by UGE will be repaid as a first priority from any Project Financing, but shall be at risk if for any reason the Channahon Facility fails to become operational or the project is otherwise terminated or abandoned by the Company. Upon, completion of all the above, UGE shall receive two (2) shares in the Company); and
Working Capital Contribution. 12 3.4 FURTHER ASSURANCES; POST-CLOSING COOPERATION.......................................................12
Working Capital Contribution. As part of and included in the Purchase Price at the First Closing and Second Closing, as set out in Schedule 1.02, Buyer will have made a capital contribution in respect of the securities owned by the Buyer in the Company in an amount equal to One Hundred Fifty Thousand Even Dollars ($150,000) and One Hundred Thousand Even Dollars ($100,000), respectively, payable by wire transfer of immediately available funds, on or before each respective Closing Date. The capital contributions shall be used by the Company solely for working capital purposes.
Working Capital Contribution. Simultaneously with the Closing (or at such other time as the parties hereto may reasonably agree), in order to satisfy net capital requirements applicable to ▇▇▇▇▇▇, Eastbrokers will provide ▇▇▇▇▇▇ with $1.5 million in working capital in the form of a single lump-sum payment and the ▇▇▇▇▇▇ Members and Special Members may withdraw capital from ▇▇▇▇▇▇ up to an aggregate amount equal to $1.5 million.
Working Capital Contribution. NBGV and APOTHIO agree to contribute those assets and funds for specified operations as set forth on Schedule A, as budgeted by the Managers, to be used as working capital for the first year of the Company’s existence, commencing on the date of the Company’s formation (the “Working Capital Contribution”). The Working Capital Contribution shall be made pursuant to an “Annual Budget” adopted by the Managers in accordance with Section 3.7. Any contribution made by NGBV for working capital in excess of those amounts specified on Schedule A shall be considered a loan by NBGV to the Company subject to the provisions of Section 4.3(g). In the event that the Company requests additional contributions, which would be treated as loans pursuant to this Section 4.3(g), the terms of such loans shall be approved by a Majority in Interests.
Working Capital Contribution. Cadiz shall have deposited into the Cash Account, as a Capital Contribution to Borrower, the Cadiz Working Capital Contribution Amount.
Working Capital Contribution. A working capital contribution equal to the aggregate of two (2) months of the then current maintenance shall be paid at closing to the Condominium Association and the Shared Facilities Owner. This contribution shall be determined at time of closing and will not be credited against regular assessments. This capital contribution may be used for purposes of reimbursing Seller for utility deposits, prepaid insurance premiums and other operating expenses.
Working Capital Contribution. The Residential Declaration is hereby amended to add the following language as Section 10.3(c) thereof:, “Notwithstanding the foregoing, the provisions set forth in Sections 10.3(a) and (b) above shall not apply to any conveyance of Residences to a Successor Residential Declarant or with respect to any transaction in which a Residence Owner purchases or acquires more than twenty five (25) Residences, and no Residential Working Capital Contribution shall be due in connection therewith.”
Working Capital Contribution. Member and Company agree to contribute those assets and funds for specified operations as set forth on Schedule A, as budgeted by the Managers, to be used as working capital for the first year of the Company’s existence, commencing on the date of the Company’s formation (the “Working Capital Contribution”). The Working Capital Contribution shall be made pursuant to an “Annual Budget” adopted by the Managers in accordance with Section 3.7. Any contribution made by Member for working capital in excess of those amounts specified on Schedule A shall be considered a loan by Member to the Company subject to the provisions of Section 4.3(g). In the event that the Company requests additional contributions, which would be treated as loans pursuant to this Section 4.3(g), the terms of such loans shall be approved by a Majority in Interests.
Working Capital Contribution. Buyer will have made an additional capital contribution in respect of the securities owned by the Buyer in the Company in an amount equal to $700,000, payable by wire transfer of immediately available funds, on or before April 30, 2019. The capital contributions shall be used by the Company for working capital purposes.