Effect of Contributions Sample Clauses

Effect of Contributions. In exchange for the Capital Contribution: (i) Inland Affiliate and Cordish Affiliate shall execute, seal and deliver to the other the Operating Agreement, (ii) Inland Affiliate will become a member of Holding Company pursuant to the terms of the Operating Agreement, (iii) Inland Affiliate will receive the Percentage Interest set forth beside its name on SCHEDULE A of the Operating Agreement, and (iv) the Capital Account of Inland Affiliate will be credited with such amount set forth beside its name on SCHEDULE A of the Operating Agreement. Such Capital Account shall be adjusted hereafter with respect to any adjustments to the Capital Contribution as set forth in Article I of this Agreement that occur after the Closing.
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Effect of Contributions. In exchange for its initial Capital Contribution, as defined in Section 4.1 of the Operating Agreement, (i) MTI shall become a Class A Member (as defined in Section 1.12 of the Operating Agreement) in the Company pursuant to the terms of the Operating Agreement; (ii) MTI will receive the Shares; and (iii) the Capital Account of MTI will be credited with such amount set forth beside its name on Exhibit A to the Operating Agreement. Such Class A Membership Interest and Capital Account shall be subject to adjustment as provided under Section 4.7 of the Operating Agreement.
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Effect of Contributions. In exchange for its transfer of the Assets to the Venture as provided herein on the Contribution Date, (a) Contributing Member shall become a Member in the Venture pursuant to the terms of the Venture Agreement; (b) Contributing Member shall receive the Sharing Percentage in the Venture as set forth in Schedule A to the Venture Agreement; (c) the Capital Account of Contributing Member shall be credited with such amount set forth beside its name in Schedule A of the Venture Agreement; and (d) Blackstone Member and Contributing Member shall cause the Venture to apply and distribute the Cash Contribution in accordance with the terms of the Venture Agreement.
Sample 1
Effect of Contributions. In exchange for its Original Capital Contribution, as defined in the Operating Agreement, (i) Northstar shall become a member in the Company pursuant to the terms of the Operating Agreement, (ii) Northstar will receive the tentative Percentage Interest set forth beside its name on the signature pages of the Operating Agreement, and (iii) the Capital Account of Northstar will be credited with such amount set forth in Section 4.1.2 of the Operating Agreement.
Sample 1
Effect of Contributions. In exchange for its initial Capital Contribution of the Contributed Property (a) Contributing Member shall receive 28.06% of the total Membership Interests of the Company and (b) the Capital Account of Contributing Member shall be credited as set forth in the LLC Agreement.
Sample 1
Effect of Contributions. Upon completion of the capital contributions contemplated by this Agreement: (a) The Contributors will own units in HHLP with a total value of $7,750,000.00 in the percentages as set forth in detail in Exhibit “B” attached hereto and made a part hereof by this reference. (b) HHLP shall beneficially own the Interests, free and clear of any encumbrance, pledge or any other third party interests. (c) HHLP shall have assumed and be responsible for the Continuing Liabilities. The parties agree that the transfer of the Interests to HHLP pursuant to this Agreement shall be treated for federal income tax purposes as a contribution of such Interests solely in exchange for partnership interests in HHLP that qualifies as a tax-free contribution under Section 721 of the Internal Revenue Code of 1986, as amended.
Sample 1
Effect of Contributions. In exchange for the transfer of the Assets to, and assumption of the Assumed Liabilities by, the Company, BOWLIN shall receive 4,582,348 shares of the common stock of the Coxxxxx (equal to the total number of outstanding shares of common stock of Bowlin, on the Contribution Date).
Sample 1
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Effect of Contributions. Upon the consummation of the contribution or beneficial assignment to the Partnership of the Designated CVI Systems and the Designated Paragon Systems in accordance with the terms and conditions of this Agreement, each of TWE (and its Affiliates) and the Partnership shall be deemed to have satisfied all of its obligations pursuant to Section 10.1 of the Partnership Agreement with respect to the businesses and assets of TWI Cable Inc. (formerly known as Cablevision Industries Corporation) and its affiliated companies and KBLCOM Incorporated and its affiliated companies.
Sample 1

Related to Effect of Contributions

  • Allocation of Contributions You may place your contributions in one fund or in any combination of funds, although your employer may place restrictions on investment in certain funds.

  • Investment of Contributions At the direction of the Depositor (or the direction of the beneficiary upon the Depositor's death), the Custodian shall invest all contributions to the account and earnings thereon in investments acceptable to the Custodian, which may include marketable securities traded on a recognized exchange or "over the counter" (excluding any securities issued by the Custodian), covered call options, certificates of deposit, and other investments to which the Custodian consents, in such amounts as are specifically selected and specified by the Depositor in orders to the Custodian in such form as may be acceptable to the Custodian, without any duty to diversify and without regard to whether such property is authorized by the laws of any jurisdiction as a trust investment. The Custodian shall be responsible for the execution of such orders and for maintaining adequate records thereof. However, if any such orders are not received as required, or, if received, are unclear in the opinion of the Custodian, all or a portion of the contribution may be held uninvested without liability for loss of income or appreciation, and without liability for interest pending receipt of such orders or clarification, or the contribution may be returned. The Custodian may, but need not, establish programs under which cash deposits in excess of a minimum set by it will be periodically and automatically invested in interest-bearing investment funds. The Custodian shall have no duty other than to follow the written investment directions of the Depositor, and shall be under no duty to question said instructions and shall not be liable for any investment losses sustained by the Depositor.

  • Payment of Contributions The College and eligible academic staff members of the plan shall each contribute one-half of the contributions to the Academic and Administrative Pension Plan.

  • Limitations on Contributions By executing this Agreement, Contractor acknowledges its obligations under Section 1.126 of the City’s Campaign and Governmental Conduct Code, which prohibits any person who contracts with, or is seeking a contract with, any department of the City for the rendition of personal services, for the furnishing of any material, supplies or equipment, for the sale or lease of any land or building, for a grant, loan or loan guarantee, or for a development agreement, from making any campaign contribution to (i) a City elected official if the contract must be approved by that official, a board on which that official serves, or the board of a state agency on which an appointee of that official serves, (ii) a candidate for that City elective office, or (iii) a committee controlled by such elected official or a candidate for that office, at any time from the submission of a proposal for the contract until the later of either the termination of negotiations for such contract or twelve months after the date the City approves the contract. The prohibition on contributions applies to each prospective party to the contract; each member of Contractor’s board of directors; Contractor’s chairperson, chief executive officer, chief financial officer and chief operating officer; any person with an ownership interest of more than 10% in Contractor; any subcontractor listed in the bid or contract; and any committee that is sponsored or controlled by Contractor. Contractor certifies that it has informed each such person of the limitation on contributions imposed by Section 1.126 by the time it submitted a proposal for the contract, and has provided the names of the persons required to be informed to the City department with whom it is contracting.

  • Rights of Contribution The Guarantors agree among themselves that, in connection with payments made hereunder, each Guarantor shall have contribution rights against the other Guarantors as permitted under applicable law. Such contribution rights shall be subordinate and subject in right of payment to the obligations of such Guarantors under the Loan Documents and no Guarantor shall exercise such rights of contribution until all Obligations have been paid in full and the Commitments have terminated.

  • Return of Contributions The General Partner shall not be personally liable for, and shall have no obligation to contribute or loan any monies or property to the Partnership to enable it to effectuate, the return of the Capital Contributions of the Limited Partners or Unitholders, or any portion thereof, it being expressly understood that any such return shall be made solely from Partnership assets.

  • Other Contributions In this Agreement, Other Contributions means the financial or in-kind contributions other than the Grant set out in the following table: Contributor Nature of Contribution Amount (GST exclusive) Timing Grantee < insert description of contribution, e.g., cash, access to equipment, secondment of personnel etc> $<insert amount> <project end date> <name of third party providing the Other Contribution> <insert description of contribution, e.g., cash, access to equipment, secondment of personnel etc> $<insert amount> <insert date or Milestone to which the Other Contribution relates> Total $<total other contributions>

  • Rollover Contributions A rollover is a tax-free distribution of cash or other assets from one retirement program to another. There are two kinds of rollover contributions to an IRA. Xx one, you contribute amounts distributed to you from one IRA xx another IRA. Xxth the other, you contribute amounts distributed to you from your employer's qualified plan or 403(b) plan to an IRA. X rollover is an allowable IRA xxxtribution which is not subject to the limits on regular contributions discussed in Part D above. However, you may not deduct a rollover contribution to your IRA xx your tax return. If you receive a distribution from the qualified plan of your employer or former employer, the distribution must be an "eligible rollover distribution" in order for you to be able to roll all or part of the distribution over to your IRA. Xxe portion you contribute to your IRA xxxl not be taxable to you until you withdraw it from the IRA. Xxur employer or former employer will give you the opportunity to roll over the distribution directly from the plan to the IRA. Xx you elect, instead, to receive the distribution, you must deposit it into the IRA xxxhin 60 days after you receive it. An "eligible rollover distribution" is any distribution from a qualified plan that would be taxable other than (1) a distribution that is one of a series of periodic payments for an employee's life or over a period of 10 years or more, (2) a required distribution after you attain age 70 1/2 and (3) certain corrective distributions. If the entire amount in your IRA xxx been contributed in a tax-free rollover from your employer's or former employer's qualified plan or 403(b) plan, you may later roll over the IRA xx a new employer's plan if such plan permits rollovers. Your IRA xxxld then serve as a conduit for those assets. However, you may later roll those IRA xxxds into a new employer's plan only if you make no further contributions to that IRA, xx commingle the IRA xxxlover funds with existing IRA xxxets.

  • Catch-Up Contributions In the case of a Traditional IRA Owner who is age 50 or older by the close of the taxable year, the annual cash contribution limit is increased by $1,000 for any taxable year beginning in 2006 and years thereafter.

  • Right of Contribution Each Guarantor hereby agrees that to the extent that a Guarantor shall have paid more than its proportionate share of any payment made hereunder, such Guarantor shall be entitled to seek and receive contribution from and against any other Guarantor hereunder which has not paid its proportionate share of such payment. Each Guarantor’s right of contribution shall be subject to the terms and conditions of Section 2.3. The provisions of this Section 2.2 shall in no respect limit the obligations and liabilities of any Guarantor to the Administrative Agent and the Lenders, and each Guarantor shall remain liable to the Administrative Agent and the Lenders for the full amount guaranteed by such Guarantor hereunder.

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