Contributions to the Company and Capital Accounts. 8.01 Members’ Capital Contributions. Each Member shall contribute such amount as is set forth in Exhibit B hereto as its share of the Initial Capital Contribution.
Contributions to the Company and Capital Accounts. Confidential 2017
Contributions to the Company and Capital Accounts. 8.1 Members' Initial Capital Contributions and Company Payments..............................16 8.2
Contributions to the Company and Capital Accounts. 11.1 Initial Capital Contributions. Each Member shall contribute in cash the amounts set forth in Schedule II I on the dates specified in Schedule II I as its Capital Contribution.
Contributions to the Company and Capital Accounts. 8.1 Members' Initial Capital Accounts....................................................................... 24 8.2
Contributions to the Company and Capital Accounts. 8.01 Members' Capital Contributions.
Contributions to the Company and Capital Accounts. Section 6.1 Member's Capital Contributions and Issuance of Units. The Member shall contribute to the Company the number of shares of capital stock of Target set forth below. The Member shall be entitled to the number of units ("Units") and shall be attributed the ownership interests set forth below. Member Share Contribution Dollar Value Units % Ownership Interest -------------------------- ---------------------- ----------------- ----------------- ------------------------ E. Xxxxxxx Xxxxxxx 422,000 $4,209,515 100 100% Total 422,000 $4,209,515 100 100% ======= ========== --- ===
Contributions to the Company and Capital Accounts. Section 8.1. Members' Capital Contributions. Each Member shall contribute such amount as is set forth on attached Schedule 1 as such Member's share of the Members' Initial Capital Contribution. Such amount may be contributed in the form of property.
Contributions to the Company and Capital Accounts. Section 8.01 - Members’ Capital Contributions: Each Member associated with a Series shall contribute to such Series the amount as is set forth in that Member’s executed Subscription Agreement as its Initial Capital Contribution to the Company with respect to such Series. The Manager may, but shall not be required to, contribute to the capital of the Company or the capital of a Series of the Company. Subscription for Membership Interest are not open to the general public, are subject to the sole consent of the Manager, and maybe rejected in whole or in part by the Manager for any reason.
Contributions to the Company and Capital Accounts. 8.1 Members' Initial Capital Contributions.
(a) TNS shall contribute up to $4,000,000 to the Company as an initial Capital Contribution, which amount shall be funded when and as requested by the Manager, to fund the start up costs of the Initial Business including without limitation the leasing of office space in New Jersey and Pennsylvania for marketing staff, and the initial working capital requirements of the Company for start-up costs such as expenses related to licenses and authorizations and Regulatory Approvals, and to market telecommunications services on a resale basis. In connection with the Initial Business of resale marketing, TNS will design and implement a marketing campaign and the Manager will lease or otherwise obtain space for sales offices in New Jersey and in Pennsylvania, and TNS will assist the Company in the deployment of a direct sales team comprised of employees of the Company into the GPU Telcom Territory. TNS shall not be required to make any other Capital Contributions or otherwise fund the Business of the Company, including but not limited to any requirement to fund the Company IRU, the ongoing working capital requirements of the Company, the marketing of telecommunications products and services on behalf of the Company as a facilities-based provider, or otherwise fund the Business of the Company unless it agrees to do so in its capacity as a Member.
(b) In connection with the Initial Business of resale marketing, GPU Telcom will assign one or more customer service representatives familiar with GPU Telcom's business activities to be employed by the Company at each of the New Jersey and Pennsylvania offices. For a period of six (6) months from the Effective Date, GPU Telcom shall make an employee available to the Company (at the Company's expense) to handle financial, operational and other administrative matters relating to the commencement of the Initial Business. GPU Telcom shall not be required to make any Capital Contributions or otherwise fund the Business of the Company, including but not limited to any requirement to fund the Company IRU, the ongoing working capital requirements of the Company, the marketing of telecommunications products and services on behalf of the Company on a resale basis or as a facilities-based provider, or otherwise fund the Business of the Company unless it agrees to do so in its capacity as a Member.
