DBC Contribution; DBC Assets Sample Clauses

DBC Contribution; DBC Assets. (a) On the terms and subject to the conditions of this Agreement, DBC hereby sells, assigns, transfers, conveys and delivers or is causing one or more of its subsidiaries to sell, assign, transfer, convey and deliver to the Company, and the Company hereby acquires from DBC, or such subsidiary, effective as of the date hereof, all the right, title and interest of the DBC Companies (as defined below) in, to and under the DBC Assets (as defined below), and
Sample 1
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DBC Contribution; DBC Assets. (a) On the terms and subject to the conditions of this Agreement, DBC hereby sells, assigns, transfers, conveys and delivers or is causing one or more of its subsidiaries to sell, assign, transfer, convey and deliver to the Company, and the Company hereby acquires from DBC, or such subsidiary, effective as of the date hereof, all the right, title and interest of the DBC Companies (as defined below) in, to and under the DBC Assets (as defined below), and agrees to make the cash payments to the Company required pursuant to Section 1.01(b), in exchange for (i) a 50% membership interest in the Company (the "DBC Interest") and (ii) the assumption of the Assumed DBC Liabilities (as defined in Section 1.02). The contribution and acquisition of the DBC Assets, the making of the cash payments pursuant to Section 1.01(b) and the assumption of the Assumed DBC Liabilities is referred to in this Agreement as the "DBC Contribution".
Sample 1

Related to DBC Contribution; DBC Assets

  • Defined Contribution Plans The Company does not maintain, contribute to or have any liability under (or with respect to) any employee plan which is a tax-qualified "defined contribution plan" (as defined in Section 3(34) of ERISA), whether or not terminated.

  • Defined Contribution Plan A plan under which Employee accounts are maintained for each Participant to which all contributions, forfeitures, investment income and gains or losses, and expenses are credited or deducted. A Participant’s benefit under such plan is based solely on the fair market value of his or her account balance.

  • Catch-Up Contributions Unless otherwise elected in Section 2.4 of this amendment, all employees who are eligible to make elective deferrals under this plan and who have attained age 50 before the close of the plan year shall be eligible to make catch-up contributions in accordance with, and subject to the limitations of, Section 414(v) of the Code. Such catch-up contributions shall not be taken into account for purposes of the provisions of the plan implementing the required limitations of Sections 402(g) and 415 of the Code. The plan shall not be treated as failing to satisfy the provisions of the plan implementing the requirements of Section 401(k)(3), 401(k)(11), 401(k)(12), 410(b), or 416 of the Code, as applicable, by reason of the making of such catch-up contributions.

  • Initial Contribution The capital contributions to be made by the Member and with which the Company shall begin business are as follows: Member Name Contribution Membership Interest Century Land Holdings, LLC $ 1,000.00 100 %

  • Public Cash Contribution The Parties acknowledge that, in connection with the Offering, public investors, through the Underwriters, shall make a capital contribution to the Partnership of $[ ] million in cash (the “IPO Proceeds”) in exchange for [ ] Common Units (the “Firm Units”) representing an aggregate [ ]% limited partner interest in the Partnership, and new limited partners are being admitted to the Partnership in connection therewith.

  • Contribution Payment To the extent the indemnification provided for under any provision of this Agreement is determined (in the manner hereinabove provided) not to be permitted under applicable law, the Company, in lieu of indemnifying Indemnitee, shall, to the extent permitted by law, contribute to the amount of any and all Indemnifiable Liabilities incurred or paid by Indemnitee for which such indemnification is not permitted. The amount the Company contributes shall be in such proportion as is appropriate to reflect the relative fault of Indemnitee, on the one hand, and of the Company and any and all other parties (including officers and directors of the Company other than Indemnitee) who may be at fault (collectively, including the Company, the "Third Parties"), on the other hand.

  • Employer Profit Sharing Contributions An Employee will be eligible to become a Participant in the Plan for purposes of receiving an allocation of any Employer Profit Sharing Contribution made pursuant to Section 10 of the Adoption Agreement after completing ________ (enter 0, 1, 2 or any fraction less than 2)

  • Initial Contributions In connection with the formation of the Partnership under the Delaware Act, the General Partner made an initial Capital Contribution to the Partnership in the amount of $10.10 for an interest in the Partnership and was admitted as the general partner of the Partnership, and the Initial Limited Partner made an initial Capital Contribution to the Partnership in the amount of $989.90 for an interest in the Partnership and was admitted as a limited partner of the Partnership.

  • Contribution Allocation The Advisory Committee will allocate deferral contributions, matching contributions, qualified nonelective contributions and nonelective contributions in accordance with Section 14.06 and the elections under this Adoption Agreement Section 3.04.

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