Contributions to the Partnership. (a) The General Partner and the Limited Partners have previously made Capital Contributions for interests in the Partnership.
Contributions to the Partnership. At the Closing, upon the terms and subject to the conditions of this Agreement:
Contributions to the Partnership. (a) Initial Contributions. None
Contributions to the Partnership. (a) On the Closing Date and pursuant to the Contribution and Conveyance Agreement, (i) TransCanada Border PipeLine contributed to the Partnership, as a Capital Contribution, all of its limited partner interest in the Intermediate Partnership in exchange for (A) a 1% general partner interest, (B) 3,200,000 Subordinated Units, (C) 14,286 Common Units, and (D) the Incentive Distribution Rights, (ii) TransCan Northern contributed to the Partnership, as a Capital Contribution, all of its limited partner interest in the Intermediate Partnership in exchange for 14,285,714 Common Units, (iii) the Partnership redeemed all of the Common Units issued to TransCanada Border PipeLine and TransCan Northern for cash, and (iv) TransCanada Border Pipeline transferred all of its interests in the Partnership and the Intermediate Partnership to the General Partner.
Contributions to the Partnership. (a) The General Partner and the Limited Partners have previously made Capital Contributions for interests in the Partnership. As of the date of this Agreement, the initial Class B Unitholder shall be issued 1,900,000 Class B Units in partial consideration for the transfer of the GTN Interest to the Partnership pursuant to the PSA (as defined in the Class B Unit Supplement). The General Partner shall make an additional Capital Contribution equal to 1/99th of the fair market value of the Class B Units as of the date of this Agreement, which is agreed to be $50/Unit.
Contributions to the Partnership. 13 Section 2.1 Contributions; Issuance of Units.....................................................13 Section 2.2 Closing Date Net Working Capital Adjustment..........................................14 Section 2.3 Post-Closing Adjustments.............................................................14 Section 2.4 Closing..............................................................................17 Section 2.5 Closing Deliveries...................................................................17 Section 2.6 Adjustment to Intercompany Indebtedness..............................................18
Contributions to the Partnership. As and when the Partnership determines from time to time that it requires cash, each Partner hereby agrees that it shall make cash contributions to the Partnership in an amount equal to fifty percent of each such cash requirement.
Contributions to the Partnership. Section 2.1 Contributions; Issuance of Units
Contributions to the Partnership
