Capital Contributions by Limited Partners Sample Clauses

Capital Contributions by Limited Partners. The Initial Limited Partner has contributed cash and the Loans to the Partnership, which the Partners agree have the value set forth on Schedule A, in exchange for the number of Units set forth on Schedule A. The Initial Limited Partner shall not be required to make any additional capital contributions to the Partnership.
Sample 1
AutoNDA by SimpleDocs
Capital Contributions by Limited Partners. (a) All capital contributions to the Partnership by Limited Partners must be in cash.
Sample 1
Capital Contributions by Limited Partners. 67 All Capital Contributions to the Partnership by a Limited Partner must be in cash, except as otherwise provided in this Agreement and approved by SBA. Each Limited Partner will pay as its initial Capital Contribution to the Partnership an amount determined by the General Partner. The General Partner will give the Limited Partners notice of the amount and due date of the initial Capital Contribution. After the date of the initial Capital Contribution, the Limited Partners will pay the remaining balances of their Commitments in such amounts and at such times as will be determined by the General Partner in its sole discretion. The General Partner will give each Limited Partner notice before each such payment is due. Each such notice will be given not less than ( ) days before the payment to which such notice relates is due, and will specify the date the payment will be due and the percentage or amount of the Limited Partners’ Commitments then due. If the Partnership does not use Capital Contributions (other than the Capital Contributions required to be called for the Partnership to have $2,500,000 of drawn capital at the time of being licensed as an SBIC) in respect of a capital call to purchase portfolio securities, pay Partnership Expenses or establish a reserve, within [ninety (90)] days after receipt, the Partnership may return all or portions of such Capital Contributions to the Partners making such Capital Contributions. All amounts returned to the Partners under this Section 5.02(d) shall (i) reduce, dollar for dollar, each Partner’s Capital Contributions to date, (ii) increase, dollar for dollar, the unfunded Commitment of each Partner, (iii) be available for call by the Partnership for investment, to pay expenses or otherwise, and (iv) constitute a return of capital and not a payment of any distribution pursuant to Article 7. No preferred/priority return will accrue on any 66 The Commitment of a Partner may be evidenced by a promissory note; however, such a note will not be treated as a capital contribution for purposes of SBA regulations. See 13 CFR §107.240. 67 RULPA addresses the forms that capital contributions may take, see Delaware RULPA §17-501. Although a partner’s promissory note will qualify as a capital contribution for purposes of RULPA, it will not qualify as a capital contribution for purposes of SBA regulations. SBA approval of non-cash contributions is generally limited to qualified pre-licensing investments. See 13 C.F.R. §107.240...
Sample 1
Capital Contributions by Limited Partners. A. [Intentionally Omitted]
Sample 1
Capital Contributions by Limited Partners. A. The Initial Limited Partner heretofore has made a Capital Contribution in the amount of $100 in cash, which Capital Contribution shall be returned to the Initial Limited Partner upon the admission of the Original Limited Partners, and the Initial Limited Partner, as such, thereafter shall have no further rights, claims, or interest as a Partner in and to the Partnership.
Sample 1
Capital Contributions by Limited Partners. The capital contributions to date by the limited partners of the Limited Partnership ("Limited Partners") consists of 1,423,608 Class A voting Units of the Limited Partnership issued at $0.001 each, 1,693,250 Class B voting Units of the Limited Partnership issued at $10.00 each and 2,674,359 Class C voting Units of the Limited Partnership issued at $8.86 each. Subject to Section 10 below, the interest in the Limited Partnership of the Partners shall be represented by:
Sample 1
Capital Contributions by Limited Partners. The Limited Partners have contributed cash to the Partnership, which the Partners agree have the value set forth on Schedule A, in exchange for the number of Units set forth on Schedule A. The Limited Partners shall not be required to make any additional capital contributions to the Partnership.
Sample 1
AutoNDA by SimpleDocs

Related to Capital Contributions by Limited Partners

  • 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.

  • Contributions by Initial Limited Partners (a) On the Closing Date and pursuant to the Underwriting Agreement, each Underwriter shall contribute cash to the Partnership in exchange for the issuance by the Partnership of Common Units to each Underwriter, all as set forth in the Underwriting Agreement.

  • Capital Contributions Persons seeking to become a Member shall be required to purchase or acquire Shares and make capital contributions in such forms and in such amounts and at such times as the Board may require, if any, in its sole discretion (any, a “Capital Contribution”) whereupon a capital account for a new Member will be established, and, if applicable, accreted, in the amount of such Member’s Capital Contribution or based upon the fair market value of property contributed, and the new Member shall be issued a number of Class A Ordinary Shares as determined by the Board, and the Board shall update Exhibit A attached hereto accordingly. The provisions of this Section 3.1 are solely intended for the benefit of the Members and, to the fullest extent permitted by law, shall not be construed as conferring any benefit upon any creditor of the Company (and no such creditor shall be a third-party beneficiary of this Agreement). The Members shall have no duty or obligation to any creditor of the Company to make any contribution to the Company.

  • Members Capital Contributions Each Member shall contribute the amount as pledged, or as determined by the Manager and the Member, as the Member’s Initial Capital Contribution upon not less than 48 hours’ notice by the Manager. An Exhibit A may be amended from time to time by the Manager in its sole discretion to represent the current state of Capital Contributions by Members who may join to this Operating Agreement during the course of the business of the Company. The Manager may instead maintain the Capital Contributions, capital accounts and names of Members using its own office systems and personnel without updating or attaching an Exhibit A to this Operating Agreement.

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

  • Capital Contributions Distributions 17 TABLE OF CONTENTS (continued)

  • 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 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.

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!