Common use of Early Investment Incentive Clause in Contracts

Early Investment Incentive. The Fund is offering to such Early Investors an Early Investment Incentive upon the following terms and conditions: (a) For Investors who subscribe to the Fund between October 1, 2006 and November 17, 2006 and have fully paid their Capital Contribution shall be entitled to receive an Early Investment Incentive equal to $12,000 per $150,000 Share. (b) For Investors who subscribe to the Fund between November 18, 2006 and December 22, 2006 and have fully paid their Capital Contribution shall be entitled to receive an Early Investment Incentive equal to $6,000 per $150,000 Share. (c) Investors who subscribe to the Fund on or after December 22, 2006 shall not be entitled to, nor shall they receive, an Early Investment Incentive. (d) The Manager anticipates that the Early Investment Incentive, as described herein, shall be paid either monthly or quarterly and begin when the Manager determines that the Fund has sufficient cash flow from operations. The Manager will continue such payments, as described herein until the Early Investment Incentive to Investors entitled to such Early Investment Incentive has been paid in full. Thereafter, all Investors share in distributions of the Fund in accordance with their individual ownership percentage. (e) Other than any right to receive an Early Investment Incentive, all other rights, privileges and obligations of Investors of the Fund shall remain as described in this Agreement. Except for an Early Investment Incentive, as described herein, all Investors have equal rights as described in this Agreement.

Appears in 1 contract

Samples: LLC Operating Agreement (Ridgewood Energy U Fund LLC)

AutoNDA by SimpleDocs

Early Investment Incentive. The Fund is offering to such Early Investors an Early Investment Incentive upon the following terms and conditions: (a) For Investors who subscribe to the Fund between October February 1, 2006 and November 17February 28, 2006 and have fully paid their Capital Contribution shall be entitled to receive an Early Investment Incentive equal to $12,000 per $150,000 Share. (b) For Investors who subscribe to the Fund between November 18March 1, 2006 and December 22March 31, 2006 and have fully paid their Capital Contribution shall be entitled to receive an Early Investment Incentive equal to $6,000 8,000 per $150,000 Share. (c) Investors who subscribe to the Fund on or after December 22April 1, 2006 shall not be entitled to, nor shall they receive, an Early Investment Incentive. (d) The Manager anticipates that the Early Investment Incentive, as described herein, shall be paid either monthly or quarterly and begin when the Manager determines that the Fund has sufficient cash flow from operationsflow. The Manager will continue such payments, as described herein until the Early Investment Incentive to Investors entitled to such Early Investment Incentive has been paid in full. Thereafter, all Investors share in distributions of the Fund in accordance with their individual ownership percentage. (e) Other than any right to receive an Early Investment Incentive, all other rights, privileges and obligations of Investors of the Fund shall remain as described in this Agreementherein. Except for an Early Investment Incentive, as described herein, all Investors have equal rights as described in this Memorandum and set forth in the LLC Agreement.

Appears in 1 contract

Samples: LLC Operating Agreement (Ridgewood Energy S Fund LLC)

Early Investment Incentive. The Fund is offering to such Early Investors an Early Investment Incentive upon the following terms and conditions: (a) For Investors who subscribe to the Fund between September 6, 2005 and October 114, 2006 and November 17, 2006 2005 and have fully paid their Capital Contribution shall be entitled to receive an Early Investment Incentive equal to $12,000 10,000 per $150,000 Share. (b) For Investors who subscribe to the Fund between November 18after October 15, 2006 and December 22, 2006 and have fully paid their Capital Contribution shall be entitled to receive an Early Investment Incentive equal to $6,000 per $150,000 Share. (c) Investors who subscribe to the Fund on or after December 22, 2006 2005 shall not be entitled to, nor shall they receive, an Early Investment Incentive. (dc) The Manager anticipates that the Early Investment Incentive, as described herein, shall be paid either monthly or quarterly and begin when the Manager determines that the Fund has sufficient cash flow from operationsflow. The Manager will continue such payments, as described herein until the Early Investment Incentive to Investors entitled to such Early Investment Incentive has been paid in full. Thereafter, all Investors share in distributions of the Fund in accordance with their individual ownership percentage. (ed) Other than any right to receive an Early Investment Incentive, all other rights, privileges and obligations of Investors of the Fund shall remain as described in this Agreementherein. Except for an Early Investment Incentive, as described herein, all Investors have equal rights as described in this Memorandum and set forth in the LLC Agreement.

Appears in 1 contract

Samples: LLC Operating Agreement (Ridgewood Energy Q Fund LLC)

Early Investment Incentive. The Fund is offering to such Early Investors an Early Investment Incentive upon the following terms and conditions: (a) For Investors who subscribe to the Fund between October 1May 16, 2006 2005 and November June 17, 2006 2005 and have fully paid their Capital Contribution shall be entitled to receive an Early Investment Incentive equal to $12,000 per $150,000 Share. (b) For Investors who subscribe to the Fund between November 18June 20, 2006 2005 and December July 22, 2006 2005 and have fully paid their Capital Contribution shall be entitled to receive an Early Investment Incentive equal to $6,000 per $150,000 Share150,000. (c) Investors who subscribe to the Fund on or after December 22July 23, 2006 2005 shall not be entitled to, nor shall they receive, an Early Investment Incentive. (d) The Manager anticipates that the Early Investment Incentive, as described herein, shall be paid either monthly or quarterly and begin when the Manager determines that the Fund has sufficient cash flow from operationsflow. The Manager will continue such payments, as described herein until the Early Investment Incentive to Investors entitled to such Early Investment Incentive has been paid in full. Thereafter, all Investors share in distributions of the Fund in accordance with their individual ownership percentage. (e) Other than any right to receive an Early Investment Incentive, all other rights, privileges and obligations of Investors of the Fund shall remain as described in this Agreementherein. Except for an Early Investment Incentive, as described herein, all Investors have equal the rights as described in this Memorandum and set forth in the LLC Agreement.

Appears in 1 contract

Samples: LLC Operating Agreement (Ridgewood Energy P Fund LLC)

AutoNDA by SimpleDocs

Early Investment Incentive. The Fund is offering to such Early Investors an Early Investment Incentive upon the following terms and conditions: (a) For Investors who subscribe to the Fund between October 1June 15, 2006 and November 17July 31, 2006 and have fully paid their Capital Contribution shall be entitled to receive an Early Investment Incentive equal to $12,000 per $150,000 Share. (b) For Investors who subscribe to the Fund between November 18August 1, 2006 and December 22August 31, 2006 and have fully paid their Capital Contribution shall be entitled to receive an Early Investment Incentive equal to $6,000 per $150,000 Share. (c) Investors who subscribe to the Fund on or after December 22September 1, 2006 shall not be entitled to, nor shall they receive, an Early Investment Incentive. (d) The Manager anticipates that the Early Investment Incentive, as described herein, shall be paid either monthly or quarterly and begin when the Manager determines that the Fund has sufficient cash flow from operations. The Manager will continue such payments, as described herein until the Early Investment Incentive to Investors entitled to such Early Investment Incentive has been paid in full. Thereafter, all Investors share in distributions of the Fund in accordance with their individual ownership percentage. (e) Other than any right to receive an Early Investment Incentive, all other rights, privileges and obligations of Investors of the Fund shall remain as described in this Agreementherein. Except for an Early Investment Incentive, as described herein, all Investors have equal rights as described in this Memorandum and set forth in the LLC Agreement.

Appears in 1 contract

Samples: LLC Operating Agreement (Ridgewood Energy T Fund LLC)

Early Investment Incentive. The Fund is offering to such Early Investors an Early Investment Incentive upon the following terms and conditions: (a) For Investors who subscribe to the Fund between October 1January 3, 2006 2007 and November 17February 28, 2006 2007 and have fully paid their Capital Contribution shall be entitled to receive an Early Investment Incentive equal to $12,000 per $150,000 Share. (b) For Investors who subscribe to the Fund between November 18March 1, 2006 2007 and December 22March 31, 2006 2007 and have fully paid their Capital Contribution shall be entitled to receive an Early Investment Incentive equal to $6,000 8,000 per $150,000 Share. (c) Investors who subscribe to the Fund on or after December 22April 1, 2006 2007 shall not be entitled to, nor shall they receive, an Early Investment Incentive. (d) The Manager anticipates that the Early Investment Incentive, as described herein, shall be paid either monthly or quarterly and begin when the Manager determines that the Fund has sufficient cash flow from operations. The Manager will continue such payments, as described herein until the Early Investment Incentive to Investors entitled to such Early Investment Incentive has been paid in full. Thereafter, all Investors share in distributions of the Fund in accordance with their individual ownership percentage. (e) Other than any right to receive an Early Investment Incentive, all other rights, privileges and obligations of Investors of the Fund shall remain as described in this Agreementherein. Except for an Early Investment Incentive, as described herein, all Investors have equal rights as described in this Memorandum and set forth in the LLC Agreement.

Appears in 1 contract

Samples: LLC Operating Agreement (Ridgewood Energy v Fund LLC)

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