Common use of CAPITAL CONTRIBUTION; MEMBERSHIP INTEREST Clause in Contracts

CAPITAL CONTRIBUTION; MEMBERSHIP INTEREST. The Sole Member has made a capital contribution to the Company and shall have a 100% membership equity interest in the Company, including any and all benefits to which the Sole Member is entitled under this Agreement and the obligations of the Sole Member under this Agreement (the “Membership Interest”). Additional capital contributions to the Company may be made from time to time in such amounts as determined by the Sole Member in its discretion; provided, however, that the Sole Member is not and shall not be obligated to make any additional contributions to the Company. The Sole Member shall not receive any interest payment, salary or draw with respect to its capital contribution or capital account or otherwise solely in its capacity as the Sole Member.

Appears in 24 contracts

Samples: Limited Liability Company Agreement (Reliant Software, Inc.), Limited Liability Company Agreement (Reliant Software, Inc.), Limited Liability Company Agreement (Reliant Software, Inc.)

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CAPITAL CONTRIBUTION; MEMBERSHIP INTEREST. The Sole Member has made a capital contribution to the Company and shall have a 100% membership equity interest in the Company, including any and all benefits to which the Sole Member is entitled under this Agreement and the obligations of the Sole Member under this Agreement Agreement, as evidenced by a Membership Interest Certificate (the “Membership Interest”). Additional capital contributions to the Company may be made from time to time in such amounts as determined by the Sole Member in its discretion; provided, however, that the Sole Member is not and shall not be obligated to make any additional contributions to the Company. The Sole Member shall not receive any interest payment, salary or draw with respect to its capital contribution or capital account or otherwise solely in its capacity as the Sole Member.

Appears in 21 contracts

Samples: Operating Agreement (Reliant Software, Inc.), Operating Agreement (Reliant Software, Inc.), Operating Agreement (Reliant Software, Inc.)

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CAPITAL CONTRIBUTION; MEMBERSHIP INTEREST. The Sole Member has made a capital contribution to the Company and shall have a 100% membership equity interest in the Company, including any and all benefits to which the Sole Member is entitled under this Agreement and the obligations of the Sole Member under this Agreement Agreement, as evidenced by a Membership Interest Certificate (the "Membership Interest"). Additional capital contributions to the Company may be made from time to time in such amounts as determined by the Sole Member in its discretion; provided, however, that the Sole Member is not and shall not be obligated to make any additional contributions to the Company. The Sole Member shall not receive any interest payment, salary or draw with respect to its capital contribution or capital account or otherwise solely in its capacity as the Sole Member.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Nationsrent Companies Inc)

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