Common use of Capital Contributions; Units Clause in Contracts

Capital Contributions; Units. (a) The Capital Contributions of each Member shall be represented by membership units or fractions thereof ("Units," and each, a "Unit"). At the initial date of this Agreement, the number of Units and the corresponding Capital Contribution (which shall, in the case of Meckxxx xxx his Affiliates, be equal to the amount paid by Meckxxx xxx his Affiliates to Internet World for their respective interests in the Company) and Ownership Percentage for each Member shall be as set forth on Exhibit A attached hereto. Exhibit A shall be amended from time to time in accordance with the terms hereof to reflect (i) the admission of new Members and (ii) appropriate adjustments to such Ownership Percentages and Capital Contributions. (b) Except as provided in SECTION 2.7 or SECTION 3.2, no Person (including any Member) shall be required or permitted to make any additional Capital Contribution to the Company.

Appears in 3 contracts

Samples: Agreement and Plan of Merger (Mecklermedia Corp), Agreement and Plan of Merger (Penton Media Inc), Agreement and Plan of Merger (Penton Media Inc)

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Capital Contributions; Units. (a) The Capital Contributions of each Member shall be represented by membership units or fractions thereof ("Units," and each, a "Unit"). At the initial date of this Agreement, the number of Units and the corresponding Capital Contribution (which shall, in the case of Meckxxx xxx Xxxxxxx and his Affiliates, be equal to the amount paid by Meckxxx xxx Xxxxxxx and his Affiliates to Internet World for their respective interests in the Company) and Ownership Percentage for each Member shall be as set forth on Exhibit A attached hereto. Exhibit A shall be amended from time to time in accordance with the terms hereof to reflect (i) the admission of new Members and (ii) appropriate adjustments to such Ownership Percentages and Capital Contributions. (b) Except as provided in SECTION Section 2.7 or SECTION Section 3.2, no Person (including any Member) shall be required or permitted to make any additional Capital Contribution to the Company.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Internet Com Corp)

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