Common use of Contributions of Contributed Property Clause in Contracts

Contributions of Contributed Property. All Capital Contributions contemplated by this Agreement are to be made in readily available cash funds. To the extent that any subsequent Capital Contribution is made in the form of Contributed Property, any costs or expenses associated with the transfer, assignment, conveyance or recordation of such Contributed Property, including any taxes in respect thereof, shall be borne by the Company, and any such costs or expenses, whether paid directly by the Member or reimbursed to the Company, shall not be deemed Capital Contributions.

Appears in 3 contracts

Samples: Shareholders Agreement, Limited Liability Company Agreement (Sanchez Energy Corp), Production Marketing Agreement (Sanchez Energy Corp)

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Contributions of Contributed Property. All Capital Contributions contemplated by this Agreement are to be made in readily available cash funds. To If, with the extent that unanimous agreement of the Applicable Members, any subsequent Capital Contribution is made in the form of Contributed Property, any costs or expenses associated with the transfer, assignment, conveyance conveyance, or recordation of such Contributed Property, including any taxes Taxes in respect thereofof it, shall will be borne by the CompanyMember making the contribution, and any such those costs or expenses, whether paid directly by the Member or reimbursed to the Company, shall will not be deemed Capital ContributionsContributions of the Member.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Unit Corp)

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