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 and Accounts. 4.1 General Partner Contribution 35 4.2 Initial Limited Partner Contribution 35 4.3 Limited Partner and General Partner Contributions 36 4.4 Maintenance of Capital Accounts 36 ARTICLE 5
Capital Contributions and Accounts. 4.1 General Partner Contribution The General Partner has made an initial contribution of $[500] to the capital of the Partnership and will make subsequent capital contributions prior to the Merger Effective Time of Transit shares and CanHoldco shares as part of the Integration.
Capital Contributions and Accounts. Effective as of the Effective Time, (i) MBK USA CV has acquired an additional ten percent (10%) limited Partnership Interest previously held by the Withdrawing GE Partners and is succeeding to the Capital Account of the Partnership Interest(s) being transferred to it and (ii) PAG has acquired an additional five and a half percent (5.5%) limited Partnership Interest previously held by the Withdrawing GE Partners and is succeeding to the Capital Account of the Partnership Interest(s) being transferred to it. A Capital Account shall be maintained for each Partner on the books of the Partnership. Each Partner’s interest in the capital of the Partnership shall be represented by its Capital Account. The Capital Account of each Partner as of the Effective Time, after giving effect to the first sentence of this Section 3.2, to all distributions and contributions made at or prior to the Effective Time and to all allocations of items of income, gain, loss and deduction (including all special allocations) with respect to any period (or a portion thereof) ending at or prior to the Effective Time, shall be proportionate to such Partner’s Percentage Interest as set forth on Schedule A in effect at the Effective Time. The Partnership shall be permitted to adjust the Capital Account of each Partner after the Effective Time as appropriate to give effect to the immediately preceding sentence.
Capital Contributions and Accounts. 13 Section 2.1
Capital Contributions and Accounts. (a) Subscriptions for Units shall be accepted or rejected by the General Partner as it determines in its sole discretion. Each Unit represents a Capital Commitment of $37,500. The Capital Contribution of each Limited Partner is one Unit ($37,500). The payment for each Unit is due and payable 50% on February 18, 2000 and 50% on August 18, 2000. The General Partner may invest such Capital Contributions in temporary investments until needed to fund one or more Partnership investments. Any Capital Contributions made to the Partnership by a Limited Partner must be paid in cash. The obligation of a Limited Partner to pay the purchase price for such Limited Partner's Units in full shall be limited by the provisions of this Section 7.1(a) and Section 10.4. The Partner's Capital Contributions will be used to fund the Partnership's share of investments other than Excluded Investments made by or on behalf of the Investment Partnerships by Mellon Ventures and which are (i) acquired by one or more of such Investment Partnerships during the Investment Period; or (ii) made out of reserves which were created for follow-on investments to investments made during the Investment Period. The General Partner may decide not to make or participate in any further investments at any time in its sole discretion.
Capital Contributions and Accounts. (a) Subscriptions for Units shall be accepted or rejected by the General Partner as it determines in its sole discretion. Each Unit represents a capital commitment of $25,000. The minimum Capital Contribution of each Limited Partner is one Unit ($25,000), or such fractional Unit as permitted in the General Partner's sole discretion. Additional whole Units may be purchased up to a maximum Capital Contribution as determined on a case-by-case basis by the General Partner in its sole discretion. The Initial Payment is due and payable upon execution and delivery of the related subscription agreement unless the General Partner shall specify one or more other dates on which the Initial Payment shall be due. The General Partner may invest such Capital Contributions in temporary investments until needed to fund one or more Partnership investments. Any Capital Contributions made to the Partnership by a Limited Partner must be paid in cash. The obligation of a Limited Partner to pay its Initial Payment Amount in full shall be limited by the provisions of this Section 6.1 and Section 9.4. The General Partner may decide not to make or participate in any further investments at any time in its sole discretion.
Capital Contributions and Accounts. 12 4.1 Additional Capital Contributions and Issuances of Additional Partnership Interests 12 4.2 Additional Funding 13 4.3 Capital Accounts 13 4.4 Percentage Interests 13 4.5 Return Of Capital Contributions 14 4.6 No Third Party Beneficiary 14
Capital Contributions and Accounts. 14 2.1 Authorized Units.................................................................................................... 14 2.2 Capital Contributions and Issuance of Units......................................................... 14 2.3 Capital Account...................................................................................................... 17 2.4 Negative Capital Accounts..................................................................................... 18 2.5 No Withdrawal....................................................................................................... 19 2.6 No Interest.............................................................................................................. 19
Capital Contributions and Accounts. 16 5.1 Capital Accounts 16 5.2 Contributions – GP Units 17 5.3 Current Accounts 17 5.4 No Right to Withdraw Amounts 17 5.5 No Interest Payable on Capital or Current Accounts 17 5.6 Negative Balance in Capital or Current Accounts 17 ARTICLE 6 ALLOCATIONS AND DISTRIBUTIONS 17 6.1 Allocation of Net Income and Net Loss 17 6.2 Distributions of Available Cash 18 6.3 General Partner's Discretion to Return Designated Capital 18
