Capital and Capital Contributions. 3.1. Each Member will contribute to the capital of the Company as the Member’s initial Capital Contribution the money or property _____________[or services] specified in Exhibit B. The initial Fair Market Value of each item of contributed property (net of liabilities secured by that property) which the Company is considered to assume or to take “subject to” under IRC section 752, is also set forth in Exhibit B, together with the description and amount of these liabilities. If a Member fails to make the initial Capital Contributions specified in this Section within 30 days after the effective date of this Agreement, that Member’s entire Membership Interest will terminate, and that Member will indemnify and hold the Company and the other Members harmless from any loss, cost, or expense, including reasonable attorney fees caused by the failure to make the initial Capital Contribution.
Capital and Capital Contributions. 3.1. Each Member shall, contribute to the capital of the Company as the Member's initial Capital Contribution the money and property specified in Exhibit 'B'. If a Member fails to make the initial Capital Contributions specified in this Section within 30 days after the effective date of this Agreement, that Member's entire Membership Interest shall terminate, and that Member shall indemnify and hold the Company and the other Members harmless from any loss, cost, or expense, including reasonable attorney fees caused by the failure to make the initial Capital Contribution.
Capital and Capital Contributions. 3.1. Each Member shall contribute to the capital of the Company as the Member’s initial Capital Contribution the money and property specified in Exhibit B. The initial Fair Market Value of each item of contributed property (net of liabilities secured by such property) that the Company is considered to assume or to take “subject to” under IRC section 752, is also set forth in Exhibit B, together with the description and amount of these liabilities. If a Member fails to make the initial Capital Contributions specified in this Section within ninety (90) days after the effective date of this Agreement, that Member’s entire Membership Interest shall terminate, and that Member shall indemnify and hold the Company and the other Members harmless from any Loss, cost, or expense, including reasonable attorney fees caused by the failure to make the initial Capital Contribution.
Capital and Capital Contributions. 3.1 The Initial Member shall make the Capital Contribution as set forth in Exhibit “A”. If the Member fails to make the initial Capital Contribution within thirty (30) days after the effective date of this Agreement, then this Agreement shall be of no force or effect.
Capital and Capital Contributions. The amount of the consideration so determined to be capital with regards to any Shares shall be the stated capital of such shares (the “Capital”). The Capital of the Company may be increased from time to time by resolution of the Members directing that a portion of the net assets of the Company in excess of the amount so determined to be Capital be transferred to the capital account. The Member may direct that the portion of such net assets so transferred shall be treated as Capital in respect of any Shares of the Company of any designated class or classes. The excess, if any, at any given time, of the net assets of the Company over the amount so determined to be Capital shall be surplus (the “Surplus”). Net assets means the amount by which total assets exceed total liabilities. Capital and surplus are not liabilities for this purpose. The Members shall make capital contributions to the Company at such times and in such amounts as determined by the Members. The capital contributions of the members shall be recorded in the books and records of the Company.
Capital and Capital Contributions. 3.1 The Initial Member has made the Capital Contribution as set forth in Exhibit “A”.
Capital and Capital Contributions. Section 3.1 Membership Interests and Units 8 Section 3.2 Capital Contribution 8 Section 3.3 Sole Member 8 Section 3.4 Pledge of Membership Interests 8 Section 3.5 Issuance of Additional Units 8 Section 3.6 Subsequent Capital Contributions 8 Section 3.7 Loans to the Company 9 Section 3.8 General Provisions regarding Capital Contributions 9 Section 3.9 Limitation on Liability 9 ARTICLE IV
Capital and Capital Contributions. 3.1 Each Member shall contribute to the capital of the Company as the Member's initial Capital Contribution the amounts specified in Exhibit "A" attached hereto.
Capital and Capital Contributions. The interest of the Limited Partners in the Partnership shall be divided into and represented by an unlimited number of Partnership Units. Each class of Partnership Unit shall, except as otherwise provided in the Partnership Agreement, have attached thereto the same rights and obligations as, and shall rank equally and pari passu with, each other Partnership Unit with respect to distributions, allocations and voting. Each Limited Partner shall contribute to the capital of the Partnership the Capital Contribution for each Partnership Unit subscribed for in accordance with the terms and conditions specified in the subscription agreement or in accordance with such other equivalent terms and conditions as the General Partner determines reasonable. A Limited Partner who has subscribed for and paid the purchase price for the Partnership Units is not required to make any further contribution to the capital of the Partnership. The General Partner is not required to subscribe for any Partnership Units or otherwise contribute capital to the Partnership. The General Partner may admit Qualified Persons as Limited Partners from time to time and is at any time authorized to cause the Partnership to issue additional Partnership Units, debt obligations or other securities of the Partnership, which may be convertible into Partnership Units or any class or series of Partnership Units (collectively, “Securities”), having the rights, conditions and privileges as the General Partner shall decide. The General Partner shall determine the price and terms and conditions with respect to any future issuance of Securities in a manner that it in good faith determines to be in the best interests of the Partnership. The General Partner shall not permit or cause the Partnership to issue any new class of Securities ranking ahead of or on a parity with the Class A Units, the Class B Units, the Class C Units, Class F Units or Class I Units as to distributions, allocations of Net Income and Net Loss, dissolution or voting rights, without the prior approval by way of Special Resolution of the holders of the Class A Units, Class B Units, Class C Units, Class F Units or Class I Units respectively. The Net Income of the Partnership for a Fiscal Year shall be allocated in the following order and amounts:
Capital and Capital Contributions
