CAPITAL CONTRIBUTIONS; INITIAL CAPITAL CONTRIBUTIONS Sample Clauses

CAPITAL CONTRIBUTIONS; INITIAL CAPITAL CONTRIBUTIONS. On the date hereof, CGLH I and CGLH II have contributed an aggregate of four hundred eighty thousand one hundred eighty five (480,185) shares of Interstate Stock to the Partnership in exchange for all of the Partnership Interests in the Partnership, which Partnership Interests were immediately distributed in liquidation, directly or indirectly, to the Partners pursuant to the Transaction Agreement. As of the date hereof, each Partner is deemed to have made the Class A Capital Contribution and Class B Capital Contribution, in each case, set forth opposite such Partner's name on Exhibit B hereto. The Partners hereby agree that the initial Book Value of the Interstate Stock contributed by CGLH I and CGLH II is equal to the closing stock price of the Interstate Stock on the Effective Date.
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CAPITAL CONTRIBUTIONS; INITIAL CAPITAL CONTRIBUTIONS. (a) Each Partner shall be required to contribute to the Partnership in cash, payable from time to time in accordance with Section 4.2 hereof, an amount equal to the sum of the amounts of Class A Capital Contributions and Class B Capital Contributions listed on Exhibit B hereto opposite such Partner's name under the headings, "Class A Capital Contribution" and "Class B Capital Contribution". All such capital contributions by all of the Partners are hereinafter sometimes collectively referred to as "Tier 1 Capital Contributions". To the extent that a Partner receives a return of capital in respect of any Class A Capital Contribution or Class B Capital Contribution on or before the fifth anniversary of the Effective Date, such returned capital shall be subject to subsequent capital call with respect to such class of capital, on the terms provided in Section 4.2, provided, that the Partners or their Affiliates shall not be obligated to maintain liquid reserves in amounts equal to such returned capital for subsequent re-contribution. Nothing herein shall require the Partnership to make such subsequent capital call before electing to make a capital call for Tier 2 Capital Contributions, as provided in Section 4.3 below. (b) On the Effective Date, the Partners shall make initial capital contributions to the Partnership, in cash, pro rata in proportion to their Tier 1 Capital Contributions obligations, as determined by the Managing General Partner and a Majority Interest, but not to exceed amounts reasonably necessary for the initial capitalization of the Partnership. Such initial capital contributions shall be credited against the Partners' respective Tier 1 Capital Contributions obligations.
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Related to CAPITAL CONTRIBUTIONS; INITIAL CAPITAL CONTRIBUTIONS

  • 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.

  • 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.

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

  • Member Capital Contributions (Check One)

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

  • 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.

  • Capital Contributions Distributions 17 TABLE OF CONTENTS (continued)

  • 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.

  • No Additional Capital Contributions Except as otherwise provided in this Article V, no Partner shall be required to make additional Capital Contributions to the Partnership without the consent of such Partner or permitted to make additional capital contributions to the Partnership without the consent of the General Partner.

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