Initial Capital Contributions of the Members. (a) Upon the execution of this Agreement, each Member shall contribute cash to the Company in the amount set forth as the Initial Capital Contribution of such Member on Schedule 1 attached hereto and hereby made a part hereof. Such cash shall be the Initial Capital Contribution of each such Member and each such Member agrees to make its Initial Capital Contribution.
Initial Capital Contributions of the Members. Each of the Members is hereby deemed to have made initial contributions to the Company (the “Initial Capital Contributions”) and to have Percentage Interests as set forth in Schedule 6.1. The limited liability company interests issued to each Equity Member pursuant to this Agreement have been duly authorized and are validly issued limited liability company interests.
Initial Capital Contributions of the Members. The initial Capital Contributions of the Members are set forth on Schedule 6.1 attached to this Agreement, made as follows:
Initial Capital Contributions of the Members. Concurrently with the execution of this Agreement, Member A and Member B shall contribute to the LLC the cash, property and services set forth in Schedule 5.1 attached hereto and incorporated herein by this reference (each such contribution an "Initial Contribution"). The cash portion of the Initial Capital Contribution of each Member shall be made by immediately available wire transfer payable to the order of the LLC or its designated agent. The Members shall not be required to make any Capital Contributions to the LLC other than as set forth in this Section 5.1 or in Section 5.2.
Initial Capital Contributions of the Members. The initial capital contributions of the Members shall consist of cash, other property and/or services provided to the Company as more particularly described on Exhibit A attached hereto and incorporated herein by this reference. In exchange, the Company has issued to the Members the number of Units as specified in Exhibit A and the Members shall receive a credit to their respective Capital Accounts accordingly.
Initial Capital Contributions of the Members. The Members of the Company are set forth in Exhibit A attached hereto. Until the consummation of the Merger, TTF shall own all the economic interests in the Company. Effective upon the consummation of the Merger, the Capital Account of each Member in the Company shall be its Capital Account in the Partnership on the effective date of the Merger of the Partnership into the Company, as the Capital Accounts of the Members were restated in the Partnership upon the admission of TTF to the Partnership. Effective upon the consummation of the Merger, the respective Percentage Interests of the Members will be as set forth in Exhibit A attached hereto. The Capital Accounts of the Members in the Partnership were restated based upon the Property having an agreed gross fair market value of $68,010,000, with the total (debt and equity) capitalization of the Partnership and the Company, including, however, additional costs and expenditures incurred in connection with the MTA transactions, all as further provided for in the Master Transaction Agreement. The restated Capital Accounts of the Original Partners on the Closing Date, totaling an aggregate amount of $410,000 after taking into account the making of Special Distribution, are herein referred to as the “Subordinate Capital Contributions” and the amount thereof of each Original Partner is set forth in Exhibit A. No other Capital Contributions have previously been made by the Members, either in their capacities as Members or as partners in the Partnership, which have either not been previously returned or are not part of the determination of the initial Capital Accounts of the Members in the Company.
Initial Capital Contributions of the Members. (a) Pursuant to the Contribution Agreement, on the Effective Date, each Member made (or has been deemed to have made) an initial Capital Contribution to the Company. Each Member’s Capital Contributions and Capital Account balance as of the Effective Date is as set forth on Exhibit A, which has been prepared in accordance with Sections 2.4, 2.5, 2.6 and 8.8 of the Contribution Agreement. Any adjustments to the Closing Cash Contribution made after the Effective Date pursuant to Section 2.4, Section 2.6 or Section 8.8 of the Contribution Agreement shall result in a corresponding adjustment to (i) the amount of the initial Capital Contributions made (or deemed made) by the Members, (ii) the initial Capital Account balance of the Members, and (iii) the initial 704(b) Book Value of the Contributed Assets. For the avoidance of doubt, it is the intent of the Members that the initial Capital Contributions of the Partner Member and the Dominion Member made (or deemed made) and the initial Capital Account balances of the Partner Member and the Dominion Member be equal following the transactions contemplated by the Contribution Agreement, taking into account any adjustments to the Closing Cash Contribution made after the Effective Date pursuant to Section 2.4, Section 2.6 or Section 8.8 of the Contribution Agreement.
Initial Capital Contributions of the Members. (a) Each of the Class A Members has contributed to the capital of the Company the amounts specified below on or prior to the date hereof:
Initial Capital Contributions of the Members. (a) FMSS Initial Capital Contribution. Concurrently with the execution of this Agreement, FMSS shall contribute an amount in Cash equal to Two-Hundred-Fifty Thousand Dollars ($250,000) to the Company by immediately available wire transfer payable to the order of the Company or its designated agent to be used for the commencement of operations of the Company (the “FMSS Initial Cash Contribution”); and
Initial Capital Contributions of the Members. As an initial contribution to the capital of the Company, the Members shall contribute the cash and/or other assets set forth on Exhibit A at the agreed net fair market value amounts set forth opposite each Member's name.
