Asset Contributions Sample Clauses

Asset Contributions. If there is a difference between the adjusted tax basis of any LLC asset and its fair market value as of the date of contribution of the asset, allocations of depreciation, amortization and gain or loss with respect to such asset, as computed for U.S. federal income tax purposes, shall be made among the Members for U.S. federal income tax purposes in accordance with Code Section 704(c) and the regulations thereunder. In complying with the requirements of Code Section 704(c), LLC is authorized to utilize any method permitted by the Treasury Regulations under Code Section 704(c) that is approved by a majority of the Directors.
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Asset Contributions. (i) At or prior to the Effective Time, SVPC Partners, LLC, a Delaware limited liability company ("SVPC"), shall have contributed to Titan certain of its assets pursuant to the Contribution Agreement and Assignment and Assumption of Liabilities, substantially in the form of Exhibit 7.01(q)(i) hereto.
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Asset Contributions. Upon the terms and subject to the conditions set forth in this Contribution Agreement, at the Closing, the Company shall acquire from each of Headwaters and Rentech and each of Headwaters and Rentech shall transfer, convey, assign and deliver to the Company, as a capital contribution to the Company on behalf of and for the benefit of each of Headwaters and Rentech, valid and marketable title and interest in and to the following assets, rights and properties held by each of Headwaters and Rentech and used principally in or principally related to the FT Business (collectively, the “Contributed Assets”) which have an Agreed Value as defined and set forth in the Operating Agreement:
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Asset Contributions. Section 2.1 Agreement to Contribute Assets..................................28 Section 2.2
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Asset Contributions. All vessels contributed into Pubco or the Companies by the Principal Shareholder within the two-year period commencing on the Closing Date shall be on the following basis: (a) for new-build vessels, the lower of cost or net realizable value (as determined by a third party valuation or as agreed upon by Pubco and FHCP), and (b) for existing vessels, the net realizable value (as determined by a third party valuation or as agreed upon by Pubco and FHCP).
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Related to Asset Contributions

  • 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.

  • Contributions Without creating any rights in favor of any third party, the Member may, from time to time, make contributions of cash or property to the capital of the Company, but shall have no obligation to do so.

  • Catch-Up Contributions Unless otherwise elected in Section 2.4 of this amendment, all employees who are eligible to make elective deferrals under this plan and who have attained age 50 before the close of the plan year shall be eligible to make catch-up contributions in accordance with, and subject to the limitations of, Section 414(v) of the Code. Such catch-up contributions shall not be taken into account for purposes of the provisions of the plan implementing the required limitations of Sections 402(g) and 415 of the Code. The plan shall not be treated as failing to satisfy the provisions of the plan implementing the requirements of Section 401(k)(3), 401(k)(11), 401(k)(12), 410(b), or 416 of the Code, as applicable, by reason of the making of such catch-up contributions.

  • Political Contributions The Company has not directly or indirectly, (a) made any unlawful contribution to any candidate for public office, or failed to disclose fully any contribution in violation of law, or (b) made any payment to any federal, state, local, or foreign governmental officer or official, or other person charged with similar public or quasi-public duties, other than payments required or permitted by the laws of the United States or any other such jurisdiction.

  • 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.

  • Payments and Contributions Neither the Company, any subsidiary, nor any of its directors, officers or, to its knowledge, other employees has (i) used any Company funds for any unlawful contribution, endorsement, gift, entertainment or other unlawful expense relating to political activity; (ii) made any direct or indirect unlawful payment of Company funds to any foreign or domestic government official or employee; (iii) violated or is in violation of any provision of the Foreign Corrupt Practices Act of 1977, as amended; or (iv) made any bribe, rebate, payoff, influence payment, kickback or other similar payment to any person with respect to Company matters.

  • Charitable Contributions Make any charitable or similar contributions, except in amounts not to exceed five thousand dollars ($5,000) individually, and twenty thousand dollars ($20,000) in the aggregate.

  • Employer Profit Sharing Contributions An Employee will be eligible to become a Participant in the Plan for purposes of receiving an allocation of any Employer Profit Sharing Contribution made pursuant to Section 10 of the Adoption Agreement after completing ________ (enter 0, 1, 2 or any fraction less than 2)

  • 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.

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