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. (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) The initial Capital Contributions of HHM, HPHI and the Investor Limited Partners equaled the greater of:
(i) $8,000,000.00; or
(ii) 10% of Project Costs.
(b) Such initial Capital Contribution were made as follows:
(i) HHM owns a 1% General Partnership Interest in the Partnership and contributed to the Partnership for its General Partnership Interest at least 1% of the aggregate amount of such initial Capital Contributions.
(ii) HPHI owns a 50% Limited Partnership Interest in the Partnership and contributed to the Partnership for its Limited Partnership Interest at least 50% of the aggregate amount of such initial Capital Contributions.
(iii) The Investor Limited Partners own in the aggregate up to a 49% Limited Partnership Interest and contributed to the Partnership for their Limited Partnership Interest an amount equal in the aggregate to at least 49% of such initial Capital Contributions. The specific amounts of initial Capital Contributions actually made were finally reflected in the books and records of the Partnership.
(c) As of the date that each original Limited Partner subscribed for a Partnership Interest, such Limited Partner made an initial Capital Contribution to the Partnership assuming that total initial Capital Contributions equaled $8,000,000.00. Once the General Partner finally determined the amount of Project Costs, if 10% of such Project Costs exceeded $8,000,000.00, then the General Partner provided written notice to all Partners thereof and informed all original Partners of any additional Capital Contribution which they were required to make to the Partnership. Upon such written request, all original Limited Partners made such additional Capital Contributions to the Partnership no later than 15 days after the date of such written notice from the General Partner.
(d) The Hospital Limited Partner has made a capital contribution to the Partnership by conversion of a portion of the Convertible Loans as described on the Information Exhibit, in lieu of the procedures described in the Convertible Note Purchase Agreement and the Convertible Notes issued in connection therewith.
(e) HMC Management has made a capital contribution to the Partnership by assigning to the Partnership a portion of a loan owed by HMC Realty, LLC (by assumption and assignment from the Partnership) to MedCath Finance Co., LLC, an affiliate of HMC Management, as described on the Information Exhibit. HMC Management has made a further capital contribution to the Partne...
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) The General Partner shall contribute in cash to the Partnership such amounts as shall be necessary to pay timely the costs and expenses allocated and charged to the General Partner in Section 4.2. Such Capital Contributions shall be paid to the Partnership by the General Partner from time to time in the appropriate amounts.
(b) Within five days of the execution of this Agreement, each Limited Partner shall make the Capital Contribution to the Partnership of cash and/or services as is reflected opposite each such Limited Partner's name on Schedule 1 attached hereto and made a part hereof. The Partners agree that the value of the services contributed to the Partnership by Sydney W. Vxxxxx, Xx., Xxby X.
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 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.
