Acceptance of Contribution Sample Clauses

Acceptance of Contribution. On the basis of the representations, warranties and agreements contained herein, and subject to the terms and conditions hereof, effective at the Closing ev3 LLC hereby agrees to accept the Contribution of the MTI Common Stock pursuant to Section 1.1.
Sample 1Sample 2Sample 3
AutoNDA by SimpleDocs
Acceptance of Contribution. 11.1 By the execution, acknowledgement and acceptance of this Contribution Agreement by the Fund, the acceptance of the Contribution made by the Contributor, further to Disbursement Requests notified to the Contributor, as provided for in section 1 of this Contribution Agreement, shall be deemed to be given by the Fund.
Sample 1Sample 2
Acceptance of Contribution. The Trust hereby agrees to accept the Contribution funds and agrees to the terms of this Agreement.
Sample 1
Acceptance of Contribution. Contributions to the Expendable Trust from the Participating Entity will be accepted into the Expendable Trust in the form tendered subject to Paragraph 4.2. Contributions may consist of grants, bequests, gifts or contributions of cash or Securities, or contributions of services or property in kind. All such contributions accepted from any such person or other entity, together with the income therefrom, shall be held, managed and administrated pursuant to the provisions of the Expendable Trust, shall be retained in a segregated account separate and apart from other Participating Funds, and shall be used subject to the terms and conditions contained in any Project Participation Agreement with the Participating Entity. The Trustee or his designee shall provide receipts or acknowledgments in writing for all contributions received and shall be entitled to rely on estimates of value provided by contributors for contributions in kind.
Sample 1
Acceptance of Contribution. The Company hereby accepts the Contribution of the Shares pursuant to Section 1.1 above.
Sample 1
Acceptance of Contribution. On the terms and subject to all of the conditions set forth in this Agreement, effective as of the Effective Time, Legacy DefenseCo hereby accepts and receives as a contribution of capital, all of Storage AZ’s right, title and interest in and to the Legacy Defense Contracts and the Legacy Defense Assets.
Sample 1
Acceptance of Contribution. Name of Noteholder: ______________________________ The above is hereby agreed, and a contribution of $____________ face amount of 12% convertible note(s) of Partec, Ltd. is hereby accepted in exchange for (i) _______ shares of Series A Preferred Stock, (ii) a Warrant to purchase ____________ shares of Common Stock, and (iii) $________ for the fractional interest in Preferred Shares. LAKARO BIOPHARMACEUTICALS, INC. By: ___________________________________ Name: Xxxxxx Xxxxxx, M.D. Title: Chief Executive Officer
Sample 1
AutoNDA by SimpleDocs
Acceptance of Contribution. On the basis of the representations, warranties and agreements contained herein, and subject to the terms and conditions hereof, effective at the Closing the Company hereby agrees to accept the Contribution of the Notes pursuant to Section 1.1 and to thereafter cancel the Notes such that the Notes no longer remain outstanding.
Sample 1

Related to Acceptance of Contribution

  • Form of Contribution The contribution of a member to the Company must be in cash or property, provided that if there is more than one member, all member(s) must consent in writing to contributions of property. To the extent there is more than one member, additional contributions in the same proportion shall be made by each member, except as may be approved by all member(s). A capital account shall be maintained for each member, to which contributions and profits shall be credited and against which distributions and losses shall be charged. At any time that there is more than one member, capital accounts shall be maintained in accordance with the tax accounting principles prescribed by the Treasury Regulations promulgated under Code Section 704 (the "Allocation Regulations"), so that the tax allocations provided in this Agreement shall, to the extent possible, have "substantial economic effect" within the meaning of the Allocation Regulations, or, if such allocations cannot have substantial economic effect, so that they may be deemed to be "in accordance with the member(s') interests in the Company" within the meaning of the Allocation Regulations.

  • 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:

  • ALLOCATION OF CONTRIBUTIONS You may place your contributions in one fund or in any combination of funds, although your employer may place restrictions on investment in certain funds.

  • Initial Contribution The member agrees to make an initial contribution to the Company of $____________.

  • Purchase and Contribution Transferor agrees to contribute and Transferee agrees to acquire the Property for the Purchase Price.

  • Contribution Payment To the extent the indemnification provided for under any provision of this Agreement is determined (in the manner hereinabove provided) not to be permitted under applicable law, the Company, in lieu of indemnifying Indemnitee, shall, to the extent permitted by law, contribute to the amount of any and all Indemnifiable Liabilities incurred or paid by Indemnitee for which such indemnification is not permitted. The amount the Company contributes shall be in such proportion as is appropriate to reflect the relative fault of Indemnitee, on the one hand, and of the Company and any and all other parties (including officers and directors of the Company other than Indemnitee) who may be at fault (collectively, including the Company, the "Third Parties"), on the other hand.

  • Additional Contributions The Member is not required to make any additional capital contribution to the Company. However, the Member may at any time make additional capital contributions to the Company in cash or other property.

  • Right of Contribution Each Guarantor hereby agrees that to the extent that a Guarantor shall have paid more than its proportionate share of any payment made hereunder, such Guarantor shall be entitled to seek and receive contribution from and against any other Guarantor hereunder which has not paid its proportionate share of such payment. Each Guarantor’s right of contribution shall be subject to the terms and conditions of Section 2.3. The provisions of this Section 2.2 shall in no respect limit the obligations and liabilities of any Guarantor to the Administrative Agent and the Lenders, and each Guarantor shall remain liable to the Administrative Agent and the Lenders for the full amount guaranteed by such Guarantor hereunder.

  • Mutual Contribution The parties to this Agreement and their counsel have mutually contributed to its drafting. Consequently, no provision of this Agreement shall be construed against any party on the ground that such party drafted the provision or caused it to be drafted or the provision contains a covenant of such party.

  • Contribution Procedure Within fifteen (15) days after receipt by any party to this Agreement (or its representative) of notice of the commencement of any action, suit or proceeding, such party will, if a claim for contribution in respect thereof is to be made against another party (“contributing party”), notify the contributing party of the commencement thereof, but the failure to so notify the contributing party will not relieve it from any liability which it may have to any other party other than for contribution hereunder. In case any such action, suit or proceeding is brought against any party, and such party notifies a contributing party or its representative of the commencement thereof within the aforesaid 15 days, the contributing party will be entitled to participate therein with the notifying party and any other contributing party similarly notified. Any such contributing party shall not be liable to any party seeking contribution on account of any settlement of any claim, action or proceeding affected by such party seeking contribution on account of any settlement of any claim, action or proceeding affected by such party seeking contribution without the written consent of such contributing party. The contribution provisions contained in this Section 5.3.2 are intended to supersede, to the extent permitted by law, any right to contribution under the Securities Act, the Exchange Act or otherwise available. Each Underwriter’s obligations to contribute pursuant to this Section 5.3 are several and not joint.

Time is Money Join Law Insider Premium to draft better contracts faster.