Common use of Excess Capital Contribution Clause in Contracts

Excess Capital Contribution. In the event that the cost to change and convert the business premises of the Business, including both cash and the fair market value of any property contributed in kind, reasonable reserves and organizational costs hereof do not equal or exceed Four Hundred Thousand Dollars ($400,000.00), any excess shall be returned to the Limited Partners, pro-rata, as a partial refund of their Initial Capital Contribution. Upon any return of partnership capital, this Agreement shall be amended as required by Law.

Appears in 1 contract

Samples: Certificate and Agreement (Flanigans Enterprises Inc)

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Excess Capital Contribution. In the event that the cost to change ---------------------------- and convert the business premises of the Business, including both cash and the fair market value of any property contributed in kind, reasonable reserves and organizational costs hereof do not equal or exceed Four Three Million Three Hundred Thousand Dollars ($400,000.003,300,000.00), any excess shall be returned to the Limited Partners, pro-rata, as a partial refund of their Initial Capital Contribution. Upon any return of partnership capital, this Agreement shall be amended as required by Law.

Appears in 1 contract

Samples: Certificate and Agreement (Flanigans Enterprises Inc)

Excess Capital Contribution. In the event that the cost to change ---------------------------- and convert the business premises of the Business, including both cash and the fair market value of any property contributed in kind, reasonable reserves and organizational costs hereof do not equal or exceed Four Two Million Three Hundred Fifty Thousand Dollars ($400,000.002,350,000.00), any excess shall be returned to the Limited Partners, pro-rata, as a partial refund of their Initial Capital Contribution. Upon any return of partnership capital, this Agreement shall be amended as required by Law.

Appears in 1 contract

Samples: Certificate and Agreement (Flanigans Enterprises Inc)

Excess Capital Contribution. In the event that the cost to change and convert the business premises of the Business, including both cash and the fair market value of any property contributed in kind, reasonable reserves and organizational costs hereof do not equal or exceed Four Hundred Thousand Two Million Dollars ($400,000.002,000,000.00), any excess shall be returned to the Limited Partners, pro-rata, as a partial refund of their Initial Capital Contribution. Upon any return of partnership capital, this Agreement shall be amended as required by Law.

Appears in 1 contract

Samples: Limited Partnership Certificate and Agreement (Flanigans Enterprises Inc)

Excess Capital Contribution. In the event that the cost to change ---------------------------- and convert the business premises of the Business, including both cash and the fair market value of any property contributed in kind, reasonable reserves and organizational costs hereof do not equal or exceed Four Three Million Eight Hundred Seventy Five Thousand Dollars ($400,000.003,875,000.00), any excess shall be returned to the Limited Partners, pro-rata, as a partial refund of their Initial Capital Contribution. Upon any return of partnership capital, this Agreement shall be amended as required by Law.

Appears in 1 contract

Samples: Limited Partnership Certificate and Agreement (Flanigans Enterprises Inc)

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Excess Capital Contribution. In the event that the cost to change and convert the business premises of the Business, including both cash and the fair market value of any property contributed in kind, reasonable reserves and organizational costs hereof do not equal or exceed Four Hundred Thousand Five Million Dollars ($400,000.005,000,000.00), any excess shall be returned to the Limited Partners, pro-rata, as a partial refund of their Initial Capital Contribution. Upon any return of partnership capital, this Agreement shall be amended as required by Law.

Appears in 1 contract

Samples: Limited Partnership Certificate and Agreement (Flanigans Enterprises Inc)

Excess Capital Contribution. In the event that the cost to change and convert the business premises of the Business, including both cash and the fair market value of any property contributed in kind, reasonable reserves and organizational costs hereof do not equal or exceed Four One Million Eight Hundred Seventy Five Thousand Dollars ($400,000.001,875,000.00), any excess shall be returned to the Limited Partners, pro-rata, as a partial refund of their Initial Capital Contribution. Upon any return of partnership capital, this Agreement shall be amended as required by Law.. ARTICLE IV LIMITED PARTNERS

Appears in 1 contract

Samples: Certificate and Agreement (Flanigans Enterprises Inc)

Excess Capital Contribution. In the event that the cost to change and convert the business premises of the Business, including both cash and the fair market value of any property contributed in kind, reasonable reserves and organizational costs hereof do not equal or exceed Four Hundred Thousand Million Dollars ($400,000.004,000,000.00), any excess shall be returned to the Limited Partners, pro-rata, as a partial refund of their Initial Capital Contribution. Upon any return of partnership capital, this Agreement shall be amended as required by Law.

Appears in 1 contract

Samples: Limited Partnership Certificate and Agreement (Flanigans Enterprises Inc)

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