Contributions by the Members Sample Clauses

Contributions by the Members. X. XXX will provide its know-how and expertise in oil and gas exploration and development to the COMPANY. Juneau’s capital account will not be credited to any extent for its know-how and expertise. In addition, XXX will from time to time make available to the COMPANY certain DATA license and use agreements (“LICENSES”), subject to the terms and conditions of the following LICENSES and this Section 5.A: (i) Volume License Agreement dated September 9, 2002, as amended October 18, 2002, between XXX and Seismic Exchange, Inc.; (ii) Master Geophysical Data-Use License dated May 10, 2001 and Supplemental Agreement No. VMSO1 effective October 7, 2002, between XXX and Veritas Marine Surveys; (iii) Seismic Data Review and Possession Agreement (Contract No. 00-00-000 AJF) dated October 3, 2002, between XXX and Seitel Data Ltd.; and (iv) Master License Agreement dated November 7, 2002 together with Supplementary Agreement for License of Geophysical Data — Supplement Number I of even date, between XXX and TGS-NOPEC Geophysical Company (“TGS”). It is understood and agreed that XXX will be the only MEMBER of the COMPANY entitled to use said DATA, and neither the COMPANY nor XXX O/S nor any other MEMBER of the COMPANY shall have any ownership interest in or rights to use or receive delivery of said DATA including any resulting or related interpretations, derivatives or reprocessings. The COMPANY’s and the other MEMBERS’ access to the DATA will be limited to the same rights afforded non-licensees under the LICENSES. B. The COMPANY will not pay interest on capital contributions. C. Each MEMBER confirms to the COMPANY and to the other MEMBERS that it and/or its principal equity owners are experienced in the oil and gas industry and that it is fully aware of the risks involved in the venture set forth in this AGREEMENT.
Sample 1
AutoNDA by SimpleDocs
Contributions by the Members. There shall be contributed to the capital of IOC, with respect to each Person who purchases an Interest, an amount equal to the net purchase price to IOC for such Interest (such amount being such Person's capital contribution to IOC). Members, in their capacity as Members of IOC, shall not be required to make any additional contributions to IOC except as required by law.
Sample 1
Contributions by the Members 
Sample 1Sample 2Sample 3

Related to Contributions by the Members

  • Allocation of Contributions You may place your contributions in one fund or in any combination of funds, although your employer may place restrictions on investment in certain funds.

  • The Contribution Prior to the Effective Time, and subject to the terms and conditions set forth in the Distribution Agreement, Grace intends to cause the transfer to a wholly owned subsidiary of Grace-Conn. ("Packco") of certain assets and liabilities of Grace and its subsidiaries predominantly related to the Packaging Business (the "Contribution"), as contemplated by the Distribution Agreement and the Other Agreements.

  • Charitable Contributions Make any charitable or similar contributions, except in amounts not to exceed five thousand dollars ($5,000) individually, and twenty thousand dollars ($20,000) in the aggregate.

  • Member Capital Contributions (Check One)

  • Capital Contributions Distributions 17 TABLE OF CONTENTS (continued)

  • 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:

  • Return of Contributions The General Partner shall not be personally liable for, and shall have no obligation to contribute or loan any monies or property to the Partnership to enable it to effectuate, the return of the Capital Contributions of the Limited Partners or Unitholders, or any portion thereof, it being expressly understood that any such return shall be made solely from Partnership assets.

  • Capital Contributions Persons seeking to become a Member shall be required to purchase or acquire Shares and make capital contributions in such forms and in such amounts and at such times as the Board may require, if any, in its sole discretion (any, a “Capital Contribution”) whereupon a capital account for a new Member will be established, and, if applicable, accreted, in the amount of such Member’s Capital Contribution or based upon the fair market value of property contributed, and the new Member shall be issued a number of Class A Ordinary Shares as determined by the Board, and the Board shall update Exhibit A attached hereto accordingly. The provisions of this Section 3.1 are solely intended for the benefit of the Members and, to the fullest extent permitted by law, shall not be construed as conferring any benefit upon any creditor of the Company (and no such creditor shall be a third-party beneficiary of this Agreement). The Members shall have no duty or obligation to any creditor of the Company to make any contribution to the Company.

  • Other Contributions In this Agreement, Other Contributions means the financial or in-kind contributions other than the Grant set out in the following table: Contributor Nature of Contribution Amount (GST exclusive) Timing Grantee < insert description of contribution, e.g., cash, access to equipment, secondment of personnel etc> $<insert amount> <project end date> <name of third party providing the Other Contribution> <insert description of contribution, e.g., cash, access to equipment, secondment of personnel etc> $<insert amount> <insert date or Milestone to which the Other Contribution relates> Total $<total other contributions>

  • Additional Contributions The Member is not required to make any additional capital contribution to the Company. However, the Member may at any time make additional capital contributions to the Company in cash or other property.

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!