Capital Contributions at Subsequent Closings Sample Clauses

Capital Contributions at Subsequent Closings. (i) Each Partner that is admitted or increases its Capital Commitment at a Subsequent Closing shall (A) make a Capital Contribution to the Partnership at such Subsequent Closing (or on such later date as specified by the General Partner) in an amount equal to the difference between (x) its Pro Rata Share (calculated after giving effect to such Partner’s admission or increased Capital Commitment) of (I) the aggregate amount of Capital Contributions previously made by Partners for the making of any Investment then still held by the Partnership, (II) the aggregate amount of Capital Contributions previously made by Partners for Partnership Expenses (other than Partnership Expenses related to an Investment that is no longer held by the Partnership) and (III) the aggregate amount of Capital Contributions previously made by Partners for Partnership Indebtedness (other than Partnership Indebtedness related to an Investment that is no longer held by the Partnership) and (y) any Capital Contributions previously made by such Partner in respect of such Investment, Partnership Expenses or Partnership Indebtedness (such amount, a “Rebalancing Contribution”), plus an additional amount (an “Additional Amount”) on each portion of each such Capital Contribution at the Prime Rate plus 2.0% from the date each such amount was funded to the date of such Subsequent Closing (or such later date as specified by the General Partner), prorated based upon the actual number of days elapsed (which Additional Amount shall not be treated as a Capital Contribution), less such amount as is necessary to take into account any prior distribution in respect of each such Investment, (B) be deemed to have made a Capital Contribution or Deemed Contribution, as applicable, with respect to each such Investment in an amount equal to the product of (x) a fraction the numerator of which is such Partner’s Capital Commitment after giving effect to such admission or increase and the denominator of which is the aggregate amount of all Partners’ Capital Commitments after giving effect to such admission or increase and (y) the amount of all Partners’ Capital Contributions and/or Deemed Contributions, as applicable, with respect to such Investment after giving effect to such admission or increase and (C) be deemed to have received distributions of Investment Proceeds with respect to each such Investment in an amount equal to the product of (x) such Partner’s Percentage Interest in such Investment after giving...
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Related to Capital Contributions at Subsequent Closings

  • Members Capital Contributions a) Single-Member Capital Contributions (Applies ONLY if Single-Member): The Member may make such capital contributions (each a “Capital Contribution”) in such amounts and at such times as the Member shall determine. The Member shall not be obligated to make any Capital Contributions. The Member may take distributions of the capital from time to time in accordance with the limitations imposed by the Statutes. b) Multi-Member (Applies ONLY if Multi-Member): The Members have contributed the following capital amounts to the Company as set forth below and are not obligated to make any additional capital contributions:

  • Initial Contributions The Members initially shall contribute to the Company capital as described in Schedule 2 attached to this Agreement.

  • Initial Capital Contributions The Partners have made, on or prior to the date hereof, Capital Contributions and have acquired the number of Class A Units as specified in the books and records of the Partnership.

  • Initial Contribution The member agrees to make an initial contribution to the Company of $____________.

  • 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.

  • Initial Capital Contribution The initial Capital Contribution of the Original Member as of the date of this Agreement will be $ .

  • Member Capital Contributions (Check One)

  • Capital Contributions and Issuance of Partnership Interests 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.

  • Capital Contributions of the Partners (a) The General Partner and Initial Limited Partner have made the Capital Contributions as set forth in Exhibit A to this Agreement. (b) To the extent the Partnership acquires any property by the merger of any other Person into the Partnership or the contribution of assets by any other Person, Persons who receive Partnership Interests in exchange for their interests in the Person merging into or contributing assets to the Partnership shall become Partners and shall be deemed to have made Capital Contributions as provided in the applicable merger agreement or contribution agreement and as set forth in Exhibit A, as amended to reflect such deemed Capital Contributions. (c) Each Partner shall own Partnership Units in the amounts set forth for such Partner in Exhibit A and shall have a Percentage Interest in the Partnership as set forth in Exhibit A, which Percentage Interest shall be adjusted in Exhibit A from time to time by the General Partner to the extent necessary to reflect accurately exchanges, additional Capital Contributions, the issuance of additional Partnership Units or similar events having an effect on any Partner’s Percentage Interest. (d) The number of Partnership Units held by the General Partner, in its capacity as general partner, shall be deemed to be the General Partner Interest. (e) Except as provided in Sections 4.2 and 10.5, the Partners shall have no obligation to make any additional Capital Contributions or provide any additional funding to the Partnership (whether in the form of loans, repayments of loans or otherwise) and no Partner shall have any obligation to restore any deficit that may exist in its Capital Account, either upon a liquidation of the Partnership or otherwise.

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