Contribution to Capital. If, after receiving the Parent's Shares, the Purchaser would own at least 90% of the outstanding Shares, then, prior to the Effective Time, the Parent shall contribute all of the Shares owned by it to the capital of the Purchaser.
Contribution to Capital. On or prior to the Effective Date, NRC shall transfer and deliver to Subsidiary, as a contribution to its capital, such number of shares of NRC Common Stock and such amount of cash or other immediately funds as shall be necessary to carry out the provisions of this Section 5.
Contribution to Capital. On or prior to the Separation Date, Adaptec will transfer to Roxio the amount of Ten Million Dollars ($10,000,000) in the form of additional paid-in capital.
Contribution to Capital. Upon effectiveness of the Registration Statement, Brooktrout shall contribute to the capital of Interspeed, and Interspeed shall accept as a contribution to its capital, the full amount of the Brooktrout Advances made up to the date of such effectiveness.
Contribution to Capital. Each of the Organizers shall contribute $20,000 to the Venture at the time such Organizer executes this Agreement. The Organizers contemplate that these funds will be invested in an escrow account with The Bankers Bank which will be used to secure a line of credit issued by The Bankers Bank or other financial provider, to the Venture.
Contribution to Capital. (1) Each Limited Partner shall, on or before the Capital Commitment Contribution Date, contribute to the Partnership its respective Called Capital Contribution. All Called Capital Contributions must be satisfied in cash. A Limited Partner’s contribution may be made by bank draft or certified cheque made payable to the Partnership or by electronic wire transfer of immediately available funds to the bank account of the Partnership.
Contribution to Capital. On the Closing Date, and immediately following consummation of the Merger and its acquisition of Northstar or Allied Provident pursuant to the applicable Additional Acquisition Agreement, ASSAC shall contribute all, and not less than all, of the Limited Partnership Interests of the Surviving Entity owned of record by ASSAC as a result of the Merger to the capital of either or both of the following Persons, as determined by ASSAC in the exercise of its sole discretion: (a) Northstar Re Bermuda and/or Northstar Re Ireland (both Subsidiaries of Northstar), or (b) Allied Provident, all as shall be determined by ASSAC.
Contribution to Capital. With the exception of Xxxx Xxxxxxxx and Xxxxx Xxxx, each of the Organizers shall contribute $10,000 (the "Share") to the Venture at the time such Organizer executes this Agreement. The Organizers contemplate that these funds will be invested in an account to be used for organizational expenses to the extent necessary. In lieu of a $10,000 contribution to the Venture, Xxxx Xxxxxxxx and Xxxxx Xxxx will forego salaries and contribute their full time and effort to the Venture until July 1, 2005. The Organizers also contemplate that the Venture or the holding company will obtain a line of credit from another financial institution (the "Lender"), which line of credit will be or has been guaranteed by each of the Organizers and which may be secured by the organizational bank account. The Organizers contemplate that the line of credit will be used for all organizational expenses and will be repaid by the Bank once it opens, but the Organizers acknowledge that they will be responsible for the organizational expenses to the extent they are not covered by the line of credit.
Contribution to Capital. Contribute to the Corporation’s capital a sufficient amount of the insurance death proceeds commensurate with the Corporation’s exercise of its option as above described and under the terms of purchase and valuation detailed above; or
Contribution to Capital. The license under this Agreement shall be a royalty-free contribution to capital from Licensor to Licensee.
