Capital Contributions and Issuance of Common Units Sample Clauses

Capital Contributions and Issuance of Common Units. Upon execution of this Agreement, Executive shall have made capital contributions to Investors LLC in an amount equal to $7,500 (the “Capital Contributions”), or $.25 per Unit, in exchange for, and Investors LLC shall issue to Executive, 30,000 Common Units having the relative rights, powers and duties as set forth in the LLC Agreement.
Sample 1
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Capital Contributions and Issuance of Common Units. Upon execution of this Agreement, Executive shall make aggregate capital contributions to the LLC in an amount equal to $859,750 (the “Capital Contributions”), or $0.25 per Unit (less an amount equal to $350,000 in capital contributions previously made by Executive to the LLC in respect of the Common Units issued hereunder), in exchange for, and the LLC shall issue to Executive, 3,439,000 Common Units having the relative rights, powers and duties as set forth in the LLC Agreement. Executive shall make the Capital Contributions (less an amount equal to $350,000 in capital contributions previously made by Executive to the LLC in respect of the Common Units issued hereunder) to the LLC by delivery to the LLC of a cashier’s or certified check, or by wire transfer of immediately available funds to an account designated by the LLC, in an aggregate amount equal to the Capital Contributions (less an amount equal to $350,000 in capital contributions previously made by Executive to the LLC in respect of the Common Units issued hereunder).
Sample 1
Capital Contributions and Issuance of Common Units. Upon execution of this Agreement, Executive shall make aggregate capital contributions to the LLC in an amount equal to $194,667 (the “Capital Contributions”), or $0.25 per Unit, in exchange for, and the LLC shall issue to Executive, 778,668 Common Units having the relative rights, powers and duties as set forth in the LLC Agreement. Executive shall make the Capital Contributions to the LLC by delivery to the LLC of a cashier’s or certified check, or by wire transfer of immediately available funds to an account designated by the LLC, in an aggregate amount equal to the Capital Contributions: provided that a portion of the Capital Contributions allocable to 400,000 Common Units shall be paid by delivery of a full recourse promissory note in a form reasonably satisfactory to the LLC. Executive’s obligations under the Executive Note shall be secured by a pledge or collateral assignment to the LLC of all of Executive’s Common Units, and in connection therewith, Executive shall enter into an agreement in a form reasonably satisfactory to the LLC.
Sample 1

Related to Capital Contributions and Issuance of Common Units

  • CAPITAL CONTRIBUTIONS AND ISSUANCE OF PARTNERSHIP INTERESTS Section 5.1 Organizational Contributions; Contributions by the General Partner and its Affiliates 40 Section 5.2 Contributions by Initial Limited Partners 41 Section 5.3 Interest and Withdrawal 41 Section 5.4 Capital Accounts 41 Section 5.5 Issuances of Additional Partnership Interests and Derivative Instruments 45 Section 5.6 Conversion of Subordinated Units 46 Section 5.7 Limited Preemptive Right 47 Section 5.8 Splits and Combinations 47 Section 5.9 Fully Paid and Non-Assessable Nature of Limited Partner Interests 48 Section 5.10 Issuance of Common Units in Connection with Reset of Incentive Distribution Rights 48 Section 5.11 Establishment of Series A Preferred Units 50 Section 5.12 Deemed Capital Contributions 63 ARTICLE VI

  • Additional Capital Contributions and Issuances of Additional Partnership Interests Except as provided in this Section 4.2 or in Section 4.3, the Partners shall have no right or obligation to make any additional Capital Contributions or loans to the Partnership. The General Partner may contribute additional capital to the Partnership, from time to time, and receive additional Partnership Interests in respect thereof, in the manner contemplated in this Section 4.2.

  • Members Capital Contributions (a) Initial Capital Contribution. The initial Capital Contribution described on Schedule 1 (the “Property”) was made by the previous Member.

  • Capital Contributions of the Partners (a) The Partners have made the Capital Contributions as set forth in Exhibit A.

  • 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.

  • Subsequent Capital Contributions Without creating any rights in favor of any third party, each Member shall contribute to the Company, in cash, on or before the date specified as hereinafter described, that Member's Sharing Ratio of all monies that in the unanimous judgment of the Management Committee are necessary to enable the Company to acquire the Project from the Seller and to cause the assets of the Company to be properly operated and maintained and to discharge its costs, expenses, obligations, and liabilities, including without limitation its Sharing Ratio of the purchase price set forth in the Asset Sale Agreement, and its Sharing Ratio of Working Capital Requirements in order to bring current Company bank accounts to an amount equal to the Working Capital Requirements, as more particularly described in Section 5.01 below. The Management Committee shall notify each other Member of the need for Capital Contributions pursuant to this Section 4.02 when appropriate, which notice must include a statement in reasonable detail of the proposed uses of the Capital Contributions and a date (which date may be no earlier than the fifth Business Day following each Member's receipt of its notice) before which the Capital Contributions must be made. Notices for Capital Contributions must be made to all Members in accordance with their Sharing Ratios.

  • Capital Contributions and Capital Accounts (a) The value of the interests contributed by the Class A Certificateholders and the Class I Certificateholders shall equal the amount paid by such Certificateholders for such interests, respectively, and such amounts shall constitute the opening balance in their Capital Accounts (as hereinafter defined). The value of the interests contributed by the Class IC Certificateholder shall equal the fair market value of the Receivables contributed to the Tax Partnership less the value attributed to the Class A Certificateholders and the Class I Certificateholders, as described above. Such amount shall constitute the opening balance in the Class IC Certificateholder's Capital Account.

  • Capital Contributions Distributions 10 SECTION 5.1

  • Additional Capital Contributions No Member shall be required to make additional capital contributions. A Member may make additional capital contributions to the Company.

  • Additional Funds and Capital Contributions .. 22 Section 4.4 Stock Option Plan................................... 23 Section 4.5 No Interest; No Return.............................. 24 Section 4.6 Conversion or Redemption of Preferred Shares........ 24

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