Initial Capital; Contributed Capital; Initial Contribution Sample Clauses

Initial Capital; Contributed Capital; Initial Contribution. (a) Each Partner has contributed to the Partnership the amount set forth opposite such Partner's name under the caption "Initial Capital" on Schedule A to this Agreement. Such amount is such Partner's "Initial Capital". (b) Prior to the date of this Agreement, each Initial Partner has paid to the Partnership in cash such Partner's Initial Capital. (c) In addition to the Class A Limited Partner's Initial Capital, the Class A Limited Partner agrees to make available to the Partnership during the Initial Term such amount as is requested by the Board of Directors (the "Commitment") for Portfolio Investments. Following authorization by the Board of Directors of a Portfolio Investment, the Class A Limited Partner will provide the funds it has been called upon by the Board of Directors to provide as the Limited Partner's Contribution for such Portfolio Investment, in accordance with the timetable established by the Board of Directors. (d) In addition to the Class A Limited Partner's Commitment, upon request made from time to time by the General Partner, the Class A Limited Partner agrees to periodically advance the cash necessary ("Advances") to fund the operating budget of the Partnership during the Initial Term. The Class A Limited Partner's Initial Capital constitutes an Advance. Operating budgets thereafter will be established by the Board of Directors after receiving recommendations with respect thereto from the General Partner. The Class A Limited Partner's Advances will be allocated among Portfolio Investments as follows: (i) Following the end of each fiscal year in which one or more Portfolio Investments are consummated, the amount of accumulated (i.e., not yet allocated because no Portfolio Investments were made in such fiscal year or not yet allocated as hereinafter provided) Advances as of the close of such fiscal year, plus the Hurdle Rate with respect thereto, will be allocated in full to such Portfolio Investments pro rata in accordance with the dollar amount of the Class A Limited Partner's Contributions to such consummated Portfolio Investments. For purposes of applying the Hurdle Rate to Advances, all Advances made in a calendar year will be deemed to have been made on July 1 of such year. (ii) If the amount of Advances and associated Hurdle Rate allocated to a particular Portfolio Investment under Section 3.01(d)(i) above would be greater than 20% of the amount of the Class A Limited Partner's Contributions (minus the associated (e) Other than t...
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Related to Initial Capital; Contributed Capital; Initial Contribution

  • Initial Capital Contribution The initial Capital Contribution of the Original Member as of the date of this Agreement will be $ .

  • Initial Capital Contributions The Partners have made, on or prior to the date hereof, Capital Contributions and have acquired the number of Class A Units as specified in the books and records of the Partnership.

  • Additional Capital Contributions No Member shall be required to make additional capital contributions. A Member may make additional capital contributions to the Company.

  • Initial Contribution The member agrees to make an initial contribution to the Company of $____________.

  • Initial Capital Contribution and Ownership The Trust Beneficial Owner has paid or has caused to be paid to, or to an account at the direction of, the Trustee, on the date hereof, the sum of $15 (or, in the case of Notes issued with original issue discount, such amount multiplied by the issue price of the Notes). The Trustee hereby acknowledges receipt in trust from the Trust Beneficial Owner, as of the date hereof, of the foregoing contribution, which shall be used along with the proceeds from the sale of the series of Notes to purchase the Funding Agreement. Upon the creation of the Trust and the registration of the Trust Beneficial Interest in the Securities Register (as defined in the Trust Agreement) by the Registrar in the name of the Trust Beneficial Owner, the Trust Beneficial Owner shall be the sole beneficial owner of the Trust.

  • Members Capital Contributions a) Single-Member Capital Contributions (Applies ONLY if Single-Member): The Member may make such capital contributions (each a “Capital Contribution”) in such amounts and at such times as the Member shall determine. The Member shall not be obligated to make any Capital Contributions. The Member may take distributions of the capital from time to time in accordance with the limitations imposed by the Statutes. b) Multi-Member (Applies ONLY if Multi-Member): The Members have contributed the following capital amounts to the Company as set forth below and are not obligated to make any additional capital contributions:

  • Initial Contributions The Members initially shall contribute to the Company capital as described in Schedule 2 attached to this Agreement.

  • Capital Contributions Capital Accounts The capital contribution of the Sole Member is set forth on Annex A attached hereto. Except as required by applicable law, the Sole Member shall not at any time be required to make additional contributions of capital to the Company. The capital accounts of the members shall be adjusted for distributions and allocations made in accordance with Section 8.

  • Member Capital Contributions (Check One)

  • Member and Capital Contribution The name and the business address of the Member and the amount of cash or other property contributed or to be contributed by the Member to the capital of the Company are set forth on Schedule A attached hereto and shall be listed on the books and records of the Company. The managers of the Company shall be required to update the books and records, and the aforementioned Schedule, from time to time as necessary to accurately reflect the information therein. The Member shall not be required to make any additional contributions of capital to the Company, although the Member may from time to time agree to make additional capital contributions to the Company.

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