Acceptance of Capital Contributions Sample Clauses

Acceptance of Capital Contributions. 21 14.5 Certificates of Membership Interest. . . . . . . . . . . . . . .21 14.6
Sample 1
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Acceptance of Capital Contributions. The Company hereby accepts Newcourt's Initial Capital Contribution in the amount set forth on SCHEDULE A attached hereto in exchange for a Membership Interest in the Company consisting of a fifty percent (50%) Financial Interest and a fifty percent (50%) Voting Interest in the Company. The Company hereby accepts ACSC's Initial Capital Contribution in the amount set forth on SCHEDULE A attached hereto in exchange for a Membership Interest in the Company consisting of a fifty percent (50%) Financial Interest and a fifty percent (50%) Voting Interest in the Company.
Sample 1
Acceptance of Capital Contributions. (a) Each of the Contributors has made the Capital Contributions set forth on Schedule A. Each of the Contributors is currently a Limited Partner of ---------- the Partnership. The General Partner hereby accepts such Capital Contributions. In consideration of these Capital Contributions and pursuant to Section 4.02(a)(i) of the Partnership Agreement, the General Partner hereby issues to each Contributor the number of Class A Preferred Units listed after such Contributor's name on Schedule A attached hereto. The Agreed Value of the ---------- Capital Contributions of each of the Contributors shall be equal to the number of Class A Preferred Units issued to each such Contributor, multiplied by the average of the daily market price of Paired Shares for the ten consecutive trading days immediately preceding the date of this First Amendment, which market price shall be determined in accordance with the procedures set forth in the definition of "Cash Amount" in the Partnership Agreement. (b) The issuance of such Class A Preferred Units shall become effective as of the date of this First Amendment, which will also be the date upon which such issuances are recorded on the books and records of the Partnership.
Sample 1
Acceptance of Capital Contributions. (a) The General Partner hereby accepts the Capital Contributions of the Contributor. The Contributor is already a Limited Partner of the Partnership. In consideration of such Capital Contributions and pursuant to Section 4.02(a)(i) of the Partnership Agreement, the General Partner hereby issues to the Contributor the number of Class C Preferred Units listed on Schedule A ---------- attached hereto. The Agreed Value of the Capital Contributions of the Contributor with respect to the Class C Preferred Units shall be equal to the number of Class C Preferred Units issued to the Contributor, multiplied by the average of the daily market price of Paired Shares for the ten consecutive trading days immediately preceding the date of this Fifth Amendment, which market price shall be determined in accordance with the procedures set forth in the definition of "Cash Amount" in the Partnership Agreement. (b) The issuance of such Class C Preferred Units shall become effective as of the date of this Fifth Amendment, which will also be the date upon which such issuances are recorded on the books and records of the Partnership.
Sample 1

Related to Acceptance of Capital Contributions

  • Return of Capital Contributions No Partner shall be entitled to withdraw any part of its Capital Contribution or its Capital Account or to receive any distribution from the Partnership, except as specifically provided in this Agreement. Except as otherwise provided herein, there shall be no obligation to return to any Partner or withdrawn Partner any part of such Partner’s Capital Contribution for so long as the Partnership continues in existence.

  • Return of Capital Contribution From time to time the Partnership may have cash in excess of the amount required for the conduct of the affairs of the Partnership, and the General Partner may, with the Consent of the Special Limited Partner, determine that such cash should, in whole or in part, be returned to the Partners, pro rata, in reduction of their Capital Contribution. No such return shall be made unless all liabilities of the Partnership (except those to Partners on account of amounts credited to them pursuant to this Agreement) have been paid or there remain assets of the Partnership sufficient, in the sole discretion of the General Partner, to pay such liabilities.

  • Interest on and Return of Capital Contributions No Member shall be entitled to interest on its Capital Contribution or to return of its Capital Contribution, except as otherwise specifically provided for herein.

  • Capital Contributions Persons seeking to become a Member shall be required to purchase or acquire Shares and make capital contributions in such forms and in such amounts and at such times as the Board may require, if any, in its sole discretion (any, a “Capital Contribution”) whereupon a capital account for a new Member will be established, and, if applicable, accreted, in the amount of such Member’s Capital Contribution or based upon the fair market value of property contributed, and the new Member shall be issued a number of Class A Ordinary Shares as determined by the Board, and the Board shall update Exhibit A attached hereto accordingly. The provisions of this Section 3.1 are solely intended for the benefit of the Members and, to the fullest extent permitted by law, shall not be construed as conferring any benefit upon any creditor of the Company (and no such creditor shall be a third-party beneficiary of this Agreement). The Members shall have no duty or obligation to any creditor of the Company to make any contribution to the Company.

  • Member Capital Contributions (Check One)

  • Limitations on Return of Capital Contributions Notwithstanding any of the provisions of this Article 5, no Partner shall have the right to receive and the General Partner shall not have the right to make, a distribution that includes a return of all or part of a Partner’s Capital Contributions, unless after giving effect to the return of a Capital Contribution, the sum of all Partnership liabilities, other than the liabilities to a Partner for the return of his Capital Contribution, does not exceed the fair market value of the Partnership’s assets.

  • Additional Funds and Capital Contributions 30 SECTION 4.4 NO INTEREST; NO RETURN................................................................... 31 SECTION 4.5 NOTE DEFICIENCY CAPITAL CONTRIBUTION..................................................... 31

  • Capital Contributions Distributions 17 TABLE OF CONTENTS (continued)

  • Members Capital Contributions a) Single-Member Capital Contributions (Applies ONLY if Single-Member): The Member may make such capital contributions (each a “Capital Contribution”) in such amounts and at such times as the Member shall determine. The Member shall not be obligated to make any Capital Contributions. The Member may take distributions of the capital from time to time in accordance with the limitations imposed by the Statutes. b) Multi-Member (Applies ONLY if Multi-Member): The Members have contributed the following capital amounts to the Company as set forth below and are not obligated to make any additional capital contributions:

  • Capital Contribution Capital Contribution" means any contribution to the capital of the Company in cash or property by the Sole Member pursuant to Article V.

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