We use cookies on our site to analyze traffic, enhance your experience, and provide you with tailored content.

For more information visit our privacy policy.

Common use of Initial Capital Contributions of the Members Clause in Contracts

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. (b) Upon making the Initial Capital Contribution each Member shall receive its Membership Interest and its Sharing Ratio, as set forth on Schedule 1.

Appears in 7 contracts

Samples: Company Agreement (Golfsmith International Holdings Inc), Company Agreement (Golfsmith International Holdings Inc), Company Agreement (Golfsmith International Holdings Inc)

Initial Capital Contributions of the Members. (a) Upon the execution of this Agreement, each Member shall contribute cash and property 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 and property shall be the Initial Capital Contribution of each such Member and each such Member agrees to make its Initial Capital Contribution. (b) Upon making the Initial Capital Contribution each Member shall receive its Membership Interest and its Sharing Ratio, as set forth on Schedule 1.

Appears in 1 contract

Samples: Company Agreement (Environmental Procedures Inc)

Initial Capital Contributions of the Members. (a) Upon the execution of this Agreement, each Member the Members shall contribute cash and/or property 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. (b) Upon making the Initial initial Capital Contribution each Member Contribution, the Members shall receive its Membership Interest and its initial Sharing Ratio, as set forth on Schedule 1.

Appears in 1 contract

Samples: Limited Liability Company Agreement (At Track Communications Inc)