Capital Interests. With respect to any Person, any and all shares, ----------------- interests, participations or other equivalents in the equity interest (however designated) in such Person and any rights (other than debt securities convertible into an equity interest), warrants or options to acquire an equity interest in such Person. Capitalized Leases. Leases under which any Person is the lessee or ------------------ obligor, the discounted future rental payment obligations under which are required to be capitalized on the balance sheet of the lessee or obligor in accordance with generally accepted accounting principles.
Capital Interests. Each Member shall receive a Capital Interest in the Company upon becoming a Member and making any capital contribution to the Company. Each such Capital Interest shall (i) entitle its holder to an allocation of the profits and losses of the Company, to distributions as provided in Article 5, and to a share of the assets of the Company upon winding up as provided in Article 12, and (ii) shall correspond to a limited liability company interest as provided in the DLLCA ("Capital Interest"). Each Member with a Capital Interest shall have a Participation Percentage that shall initially equal the fraction (expressed as a percentage) the numerator of which is the number of Presidio Shares contributed by such Member and the denominator of which is the number of Presidio Shares contributed by all Members ("Participation Percentage"). The value of any additional contributions by the Members shall be determined in good faith by the Managers. In connection with any capital contribution other than the Initial Contribution, the capital accounts and Participation Percentages of the Members may be adjusted to reflect the fair value of the Capital Interests immediately prior to such increase or admission in accordance with Treasury Regulation 1.704-1(b)(2)(iv)(f).
Capital Interests. The respective percentage interests of the Partners in the capital of the Partnership are as follows:
Capital Interests. Capital Interests have all the rights, privileges, preferences, and obligations specifically provided for in this Agreement and as may otherwise be generally available to all classes of Interests. The Company may issue Capital Interests at any time and from time to time as provided in this Agreement.
Capital Interests. Exhibit A accurately sets forth each Seller’s record and beneficial ownership of the Capital Interests of the Companies as of the date hereof. Other than the Capital Interests of the Companies listed on Exhibit A, there are no other equity interests or rights to acquire equity interests in the Companies as of the date hereof. Such Seller who is not acting in its capacity as a trustee of a trust has the sole beneficial ownership of and good and valid title to the Capital Interests of such Seller, free and clear of all Encumbrances, except as set forth in Schedule 4.05 or Encumbrances on transfer imposed under applicable securities laws. Such Seller who is acting in its capacity as a trustee of a trust has the sole legal ownership with the full right to sell the Capital Interests of such Seller, free and clear of all Encumbrances, except as set forth in Schedule 4.05, Encumbrances on transfer imposed under applicable securities laws or Encumbrances to financiers which shall be discharged and released at Closing. Assuming the Buyer has the requisite power and authority to be the lawful owner of such Capital Interests, upon delivery to the Buyer at the Closing of transfer certificates and/or assignments representing the Capital Interests, duly endorsed by such Seller for transfer to the Buyer, and upon receipt of the Purchase Price by such Seller for the Capital Interests, Loan Notes and Aviation Loans (as applicable) owned by such Seller, good, valid and marketable title to the Capital Interests, Loan Notes and Aviation Loans (as applicable) owned by such Seller will pass to the Buyer, free and clear of any Encumbrances, except as set forth in Schedule 4.05 or Encumbrances on transfer imposed under applicable securities laws. Except as set forth on Schedule 4.05, such Capital Interests are not subject to any contract restricting or otherwise relating to the voting, dividend rights or disposition of such Capital Interests that will not be terminated on or prior to the Closing Date or, to the extent that any other Seller has a pre-emptive right or is required to give a consent or approval under the constituent documents of or other document relating to a Company to the transactions under this Agreement, each such other Seller hereby gives that consent or approval or waives that requirement.
Capital Interests. With respect to any Person, any and all shares, interests, ----------------- participations or other equivalents in the equity interest (however designated) in such Person and any rights (other than debt securities convertible into an equity interest), warrants or options to acquire an equity interest in such Person. Capitalized Leases. Leases under which any Person is the lessee or obligor, ------------------ the discounted future rental payment obligations under which are required to be capitalized on the balance sheet of the lessee or obligor in accordance with generally accepted accounting principles. CERCLA. See (S)10.18. ------
Capital Interests. (a) The Company shall initially have one class of limited liability company interests, when interests shall consist of 100 units (each a “Common Share” and, collectively, the “Common Shares”) and which shall entitle the holders thereof to the rights and benefits provided in respect thereof under this Agreement.
(b) The Company, pursuant to a Resolution, shall be authorized to issue one or more additional classes of limited liability company interests in the Company in an unlimited amount (each a “Share” and, together with the Common Shares, the “Shares”), which interests shall have such rights and preferences as shall be provided for in the applicable Resolution and may be senior to the Common Shares. Such Shares may be issued for such consideration as shall be determined by the Board of Directors.
Capital Interests. (A) As of August 31, 1983, the partners have contributed to the capital of the Partnership, in cash or property, the sums indicated on Schedule A attached hereto. The term "capital interest" means the original capital contribution of a partner, less any charges against and any withdrawals of, plus any credits toward and any additions to, such original capital contribution.
Capital Interests. Carrying Value. .Cash from Interim Capital Transactions. .Cash from Operations. .
Capital Interests. The interests of the Members in the capital originally contributed to the Company (the "Capital Interests") are as follows: Name Capital Interests Merit Operating, LLC 10% Merit Equities, LLC 90%
