Examples of Delinquent Contribution in a sentence
The Contributing Member may contribute to the capital of the Company, in cash, within thirty (30) days following the Contribution Date, an amount equal to the Delinquent Contribution, and the Capital Account and Unrecovered Contribution Account of the Contributing Member shall be credited with the amount so contributed.
The Trustees’ Claim under 11 U.S.C. §§ 503(b)(1)(A) and 507(a)(1) The Trustees argue that the Delinquent Contribution claim is entitled to administrative priority under 11 U.S.C. §§ 503(b)(1)(A) and 507(a)(1) because the Plans accepted and processed ACE’s reports, and determined the amounts owing, postpetition.
If a Partner fails to contribute any Additional Contributed Equity required pursuant to Section 3.4 (a "Delinquent Partner") by the Contribution Date, any other Partner (other than an Affiliate of the Delinquent Partner) which is not a Delinquent Partner (a "Contributing Partner") may, but shall not be required, to contribute the portion of such Additional Contributed Equity that the Delinquent Partner failed to contribute (the "Delinquent Contribution").
The Court notes that Fund Administrator Joseph Ramaglia’s declaration states that he is “familiar with the payment histories of employers obligated to make contributions to the Funds,” and explains that the Delinquent Contribution Estimate table is “a copy of the Funds[’] report for the defendant.” (Ramaglia Decl., Dkt.
Any early termination of the Employer’s participation, either by the Trust or by the Employer, will be subject to the Delinquent Contribution Policy in Appendix A.