Common use of Capital Contributions and Financing Requirements Clause in Contracts

Capital Contributions and Financing Requirements. The initial capital of the Partnership shall be: (a) For X the amount of $[l], being the capital contribution made by X to the Partnership on [l]; and (b) For Y the amount of $[l], being the capital contribution made by Y to the Partnership on [l] The initial capital so contributed by each of the Partners is credited to the capital account (“Capital Account”) of each Partner. The following provisions of this Section 3.1 shall apply in respect of the capital contributions of the Partners: (c) the capital funds of the Partnership shall belong to the Partners in the proportion contributed by each Partner; (d) any further contribution of capital required by the Partnership may be contributed to the Partnership by any one or both of the Partners without limitation as to the amount of such further capital contribution and any such additional capital contribution shall be treated in the same manner as the initial capital contributions above set out; and (e) no Partner shall be entitled to interest on the amount of its capital contribution to the Partnership.

Capital Contributions and Financing Requirements. The initial capital of the Partnership shall be: (a) : For X the amount of $[l], being the capital contribution made by X to the Partnership on [l]; and (b) and For Y the amount of $[l], being the capital contribution made by Y to the Partnership on [l] The initial capital so contributed by each of the Partners is credited to the capital account (“Capital Account”) of each Partner. The following provisions of this Section 3.1 shall apply in respect of the capital contributions of the Partners: (c) : the capital funds of the Partnership shall belong to the Partners in the proportion contributed by each Partner; (d) ; any further contribution of capital required by the Partnership may be contributed to the Partnership by any one or both of the Partners without limitation as to the amount of such further capital contribution and any such additional capital contribution shall be treated in the same manner as the initial capital contributions above set out; and (e) and no Partner shall be entitled to interest on the amount of its capital contribution to the Partnership.

Capital Contributions and Financing Requirements. The initial capital of the Partnership shall be: (a) For X (promoter) the amount of $[l]agreed upon the registration in crowdfunding, being the capital contribution made by X contribution, to the Partnership on [l]Partnership; and (b) For Y (investor) the amount of $[l]representing the subscription through the crowdfunding, being the capital contribution made by Y contribution, to the Partnership on [l] Partnership. The initial capital so contributed by each of the Partners is credited to the capital account (“Capital Account”) of each Partner. The following provisions of this Section 3.1 section shall apply in respect of the capital contributions of the Partners: (c) the The capital funds of the Partnership shall belong to the Partners in the proportion contributed by each Partner; (d) any Any further contribution of capital required by the Partnership may be contributed to the Partnership by any one or both all of the Partners without limitation as to the amount of such further capital contribution and any such additional capital contribution shall be treated in the same manner as the initial capital contributions above set out; and (e) no No Partner shall be entitled to interest on the amount of its capital contribution to the PartnershipPartnership unless otherwise agreed between the partners.