Additional Contributions for NAP Sample Clauses

Additional Contributions for NAP. Franchisee also agrees that if the City can obtain NAP grants in the future for the betterment of the City of LaGrange, then Franchisee, or the members of the LLC which comprises the Franchisee, or other entities identified by Franchisee who in fact makes such contributions, will contribute up the amount of the LLC member's allowable State of Missouri Income Tax offset provided by NAP contributions, to any such NAP program created by the City, or a designated entity. This provision shall be operative so long as this Agreement is in effect and so long as a NAP program is in place, which provides benefits for the City, or its immediate area located South of the LaGrange four-way stop and East of Main Street or within two blocks West of Main Street. Such sums shall be in addition to the sums required by Section 6.1.4, but such amounts, if any, will be credited to sums payable under 6.1.3, if that paragraph is applicable. The City grants Franchisee the option to contribute up to Fifty thousand dollars ($50,000.00) before September 30, 2000, to the LaGrange Revitalization Organization's NAP program. Franchisee and the City agree that said transfer shall operate as a one-time event, which shall not bind the City to approve future contributions to the LaGrange Revitalization Organization's NAP program by virtue of the Franchisee's approved contribution herein.
Sample 1
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Related to Additional Contributions for NAP

  • 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.

  • Initial Contributions In connection with the formation of the Partnership under the Delaware Act, the General Partner made an initial Capital Contribution to the Partnership in the amount of $10.10 for an interest in the Partnership and was admitted as the general partner of the Partnership, and the Initial Limited Partner made an initial Capital Contribution to the Partnership in the amount of $989.90 for an interest in the Partnership and was admitted as a limited partner of the Partnership.

  • Additional Capital Contributions No Member shall be required to make additional capital contributions. A Member may make additional capital contributions to the Company.

  • Initial Contribution The capital contributions to be made by the Member and with which the Company shall begin business are as follows: Member Name Contribution Membership Interest Century Land Holdings, LLC $ 1,000.00 100 %

  • Organizational Contributions In connection with the formation of the Partnership under the Delaware Act, the General Partner made an initial Capital Contribution to the Partnership in the amount of $20.00, for a 2% General Partner Interest in the Partnership and has been admitted as the General Partner of the Partnership, and the Organizational Limited Partner made an initial Capital Contribution to the Partnership in the amount of $980 for a 98% Limited Partner Interest in the Partnership and has been admitted as a Limited Partner of the Partnership. As of the Closing Date, the interest of the Organizational Limited Partner shall be redeemed; and the initial Capital Contribution of the Organizational Limited Partner shall thereupon be refunded. Ninety-eight percent of any interest or other profit that may have resulted from the investment or other use of such initial Capital Contributions shall be allocated and distributed to the Organizational Limited Partner, and the balance thereof shall be allocated and distributed to the General Partner.

  • Capital Contributions and Accounts ..................................................12 4.01 Capital Contributions.............................................................12 4.02 Additional Capital Contributions and Issuance of Additional Partnership Interests.........................................................................12 4.03

  • Capital Contributions Capital Accounts The capital contribution of the Sole Member is set forth on Annex A attached hereto. Except as required by applicable law, the Sole Member shall not at any time be required to make additional contributions of capital to the Company. The capital accounts of the members shall be adjusted for distributions and allocations made in accordance with Section 8.

  • No Additional Capital Contributions Except as otherwise provided in this Article V, no Partner shall be required to make additional Capital Contributions to the Partnership without the consent of such Partner or permitted to make additional capital contributions to the Partnership without the consent of the General Partner.

  • Initial Contribution of Trust Property; Organizational Expenses The Property Trustee acknowledges receipt in trust from the Depositor in connection with the Original Trust Agreement of the sum of $10, which constituted the initial Trust Property. The Depositor shall pay organizational expenses of the Trust as they arise or shall, upon request of any Trustee, promptly reimburse such Trustee for any such expenses paid by such Trustee. The Depositor shall make no claim upon the Trust Property for the payment of such expenses.

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