CONSIDERATION FOR CAPITAL CONTRIBUTION Sample Clauses

CONSIDERATION FOR CAPITAL CONTRIBUTION. In consideration for the contribution by PC Member of the Contribution LLC Interest to the Company and the covenants made by PC Member in the PC Subscription Agreement, at the Closing the Company shall issue to PC Member the Series One Interest.
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CONSIDERATION FOR CAPITAL CONTRIBUTION. In exchange for the capital contribution by IPC, Aero shall: (i) issue to IPC 720,000 duly authorized and issued units of Class B Preferred Membership Interest in Aero International, L.L.C. having an aggregate face amount of Nine Hundred Thousand and No/100 ($9,000,000.00) Dollars, described on Exhibit C attached hereto. (ii) pay to IPC cash in the amount of Two Million and No/100 ($2,000,000.00) Dollars. (iii) assume the obligation of IPC to the National Bank of Canada in the amount of Four Million Four Hundred Seventy-Nine Thousand Four Hundred Seventy-Four and 23/100 ($4,479,474.23) Dollars as of May 31, 1998. (iv) assume the obligation of IPC to Xxxxxx & Xxxxxx in the amount of One Million Four Hundred Thousand and No/100 ($1,400,000.00) Dollars, which obligation has been discounted by the obligee to One Million One Hundred Ninety-Five Thousand and No/100 ($1,195,000.00) Dollars pursuant to a letter from Xxxxxx & Xxxxxx dated May , 1998 as amended by a letter dated June , 1998. (v) assume all of the other Assumed Liabilities.
Sample 1
CONSIDERATION FOR CAPITAL CONTRIBUTION. In exchange for the capital contribution by MPMS, Aero shall: (i) issue to MPMS 240,000 duly authorized and issued units of Class B Preferred Membership Interest Units in Aero International, L.L.C. having an aggregate face amount of Three Million and No/100 ($3,000,000.00) Dollars, described on Exhibit C attached hereto. (ii) pay to MPMS cash in the amount of One Million and No/100 ($1,000,000.00) Dollars. (iii) assume the obligation of MPMS to the National Bank of Canada in the amount of Two Million Two Hundred Forty-Two Thousand Four Hundred Sixty-Seven and 61/100 ($2,242,467.61) Dollars as of May 31, 1998. (iv) assume all of the other Assumed Liabilities.
Sample 1

Related to CONSIDERATION FOR CAPITAL CONTRIBUTION

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

  • Member and Capital Contribution The name and the business address of the Member and the amount of cash or other property contributed or to be contributed by the Member to the capital of the Company are set forth on Schedule A attached hereto and shall be listed on the books and records of the Company. The managers of the Company shall be required to update the books and records, and the aforementioned Schedule, from time to time as necessary to accurately reflect the information therein. The Member shall not be required to make any additional contributions of capital to the Company, although the Member may from time to time agree to make additional capital contributions to the Company.

  • 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:

  • Member Capital Contributions (Check One)

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

  • Capital Contribution Capital Contribution" means any contribution to the capital of the Company in cash or property by the Sole Member pursuant to Article V.

  • 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.

  • Additional Funds and Capital Contributions 30 SECTION 4.4 NO INTEREST; NO RETURN................................................................... 31 SECTION 4.5 NOTE DEFICIENCY CAPITAL CONTRIBUTION..................................................... 31

  • 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 Distributions 17 TABLE OF CONTENTS (continued)

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