Capital Contributions of Partners. The Partners shall make the following contributions to the capital of the Partnership:
Capital Contributions of Partners. (a) The initial Common Partner may contribute additional capital at any time. On the date of issuance of any Preferred Interests, the Person who is admitted as a Partner in respect of such Preferred Interest in accordance with the applicable Statement of Preferences shall, in connection therewith, contribute to the Company an amount in cash equal to the purchase price for such Preferred Interest.
Capital Contributions of Partners. The General Partner and the Limited Partners have already made Capital Contributions to the Partnership in such amounts and at such times as are reflected in the books of the Partnership. Notwithstanding anything to the contrary contained herein, such Capital Contributions shall be the maximum contribution to the Partnership that the Partners shall be required to make (unless the Partners otherwise elect as provided in Section 3.2).
Capital Contributions of Partners. The capital of the Partnership shall be contributed by the Limited Partners and the General Partner. The Limited Partners shall contribute to the capital of the Partnership cash or reinvested distributions in the amount of One Dollar ($1.00) for each Unit subscribed. The General Partner shall contribute to the capital of the Partnership cash in an amount equal to one-half of one percent (1/2 of 1%) of the aggregate of the Capital Accounts of the Limited Partners. The General Partner shall also receive the Carried Interest in the capital of the Partnership.
Capital Contributions of Partners. (a) Each Partner shall have the obligation to make Capital Contributions to the Partnership not to exceed the aggregate amount set forth opposite such Partner's name on Exhibit A, which Capital Contributions shall be used exclusively for the payment of the Partnership's purchase price for the Preferred Stock purchased by the Partnership pursuant to the Stock Purchase Agreement.
(b) All Capital Contributions required to be paid pursuant to this Section 3.1 shall be used by the Partnership to purchase the Preferred Stock pursuant to the Stock Purchase Agreement. In consideration for each Partner's Capital Contributions, such Partner shall receive a Partnership interest equal to its Sharing Ratio. Notwithstanding anything to the contrary contained herein, the aggregate amount set forth opposite each Partner's name on Exhibit A shall be the maximum contribution to the Partnership that such Partner shall be required to make (unless such Partner otherwise elects as provided in Section 3.2).
Capital Contributions of Partners. The capital contribution of the Limited Partner will consist of the Communities at the value set forth in the attached Exhibit A, which Exhibit is incorporated herein by this reference. The capital contribution of the General Partner shall be $2,270,636. No interest shall be paid by the Partnership to the Partners on any Capital Contribution paid to the Partnership. The General Partner shall at all times own at least a 1% interest in the Partnership. Except as otherwise provided in the Act or in this Agreement, no Partner shall be required to make any further contribution to the capital of the Partnership.
Capital Contributions of Partners. (a) Prior to being admitted as a Partner of the Partnership, a Common Partner must satisfy the General Partner that it and each of its equity holders that is indirectly charged the amounts allocated to the General Partner pursuant to Section 8.1(b)(iii) and (iv) is an “accredited investor” as defined in Rule 501(a) under the Securities Act and a “qualified client” within the meaning of Rule 205-3 of the Advisers Act. On the date of issuance of any Preferred Interests, the Person who is or who has previously been admitted as a Partner in respect of such Preferred Interest in accordance with the applicable Statement of Preferences shall, in connection therewith, contribute to the Partnership an amount in cash equal to the purchase price for the Preferred Interests acquired on such date.
Capital Contributions of Partners. On or before the date of this Agreement, Emmis has acquired the interest of LBJ Broadcasting Company, L.L.C. in the Partnership, and Xxxxxxxx has contributed the assets (subject to certain liabilities) of KEYI(FM), Austin, Texas, to the Partnership with a value for capital account purposes agreed by Emmis and Xxxxxxxx.
Capital Contributions of Partners. (a) Prior to being admitted as a Partner of the Company, a Common Partner must satisfy the General Partner that it and each of its equity holders that is indirectly charged the amounts allocated to the General Partner pursuant to Section 8.1(b)(iii) and (iv) is an "accredited investor" as defined in Rule 501(a) under the Securities Act and a "qualified client" within the meaning of Rule 205-3 of the Advisers Act and shall be deemed to have contributed to the Company all of the Company's Net Asset Value. On the date of issuance of any Preferred Interests, the Person who is or who has previously been admitted as a Partner in respect of such Preferred Interest in accordance with the applicable Statement of Preferences shall, in connection therewith, contribute to the Company an amount in cash equal to the purchase price for the Preferred Interests acquired on such date.
Capital Contributions of Partners. (a) Prior to being admitted as a Partner of the Company at the Closing Date, the initial Common Partner must satisfy the General Partner that it and each of its equity holders that is indirectly charged the amounts allocated to the General Partner pursuant to Section 7.3(c) is an "accredited investor" as defined in Rule 501(a) under the Securities Act and a "qualified client" within the meaning of Rule 205-3 of the Advisers Act and on the Closing shall be deemed to have contributed to the Company all of the Company's Net Asset Value on the Closing Date. On the date of issuance of any Preferred Interests, the Person who is admitted as a Partner in respect of such Preferred Interest in accordance with the applicable Statement of Preferences shall, in connection therewith, contribute to the Company an amount in cash equal to the purchase price for such Preferred Interest.
