INITIAL CAPITAL CONTRIBUTIONS OF THE PARTNERS Sample Clauses

INITIAL CAPITAL CONTRIBUTIONS OF THE PARTNERS. The Partners have made or been credited with the Capital Contributions to the Partnership reflected in the Capital Account established for each Partner.
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INITIAL CAPITAL CONTRIBUTIONS OF THE PARTNERS. The initial Capital Contributions to the Partnership by the Partners are as set forth in Exhibit A.
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INITIAL CAPITAL CONTRIBUTIONS OF THE PARTNERS. Each of the Partners shall contribute cash or other property to the Partnership in the amount set forth as the Initial Capital Contribution of such Partner on Schedule 1 attached hereto and hereby made a part hereof. Such cash and property shall be the Initial Capital Contributions of the Partners to the Partnership.
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INITIAL CAPITAL CONTRIBUTIONS OF THE PARTNERS. Promptly upon the execution of this Agreement, each of the Partners shall make an initial Capital Contribution equal to the sum shown as “Initial Capital Contribution” opposite its name on Schedule I to this Agreement. The initial Capital Contributions shall be used by the Partnership to (i) acquire the Land in accordance with that certain Purchase and Sale Contract dated March 31, 2011, between Ithaca Investments, Ltd., an Affiliate of the General Partner as Buyer and American General/Allright Parking, as Seller, which Contract has been assigned to the Partnership;(ii)perform certain improvements to the Land to enhance its use as commercial parking lots and for initial working capital of the Partnership, all as provided in the Acquisition Budget; and (iii) pay or reimburse the General Partner for Pursuit Costs as described in the Acquisition Budget. Notwithstanding anything contained herein to the contrary, the Limited Partners acknowledge that the Partnership, the General Partner and the other Limited Partners have entered into this Agreement and made commitments in reliance on the Limited Partners‟ timely payment to the Partnership of all amounts required to be contributed by each such Limited Partner pursuant to this Section 3.1. Accordingly, each Limited Partner agrees that he is personally liable to the Partnership and to each Partner for the timely payment of the amounts required by this Section 3.1.
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INITIAL CAPITAL CONTRIBUTIONS OF THE PARTNERS. A. (1) Concurrently with the Closing, the General Partner shall contribute to the Partnership cash up to, but not exceeding, a maximum of $4,000,000, as described and in accordance with the terms, provisions, and conditions of the Master Contribution Agreement as necessary for the purposes of paying down and/or restructuring the Cigna Debt. (2) Concurrently with the Closing, the General Partner shall pay or credit Eden with the "Commissions" and "Qualifying Eden Closing Costs" (pursuant to and as defined in the Master Contribution Agreement). The Commissions and Qualifying Eden 192 Closing Costs paid or credited to Eden by the General Partner shall constitute Capital Contributions by the General Partner.
Sample 1
INITIAL CAPITAL CONTRIBUTIONS OF THE PARTNERS. Each of the Partners has previously contributed, or shall, upon the execution of this Agreement, contribute cash or other property to the Partnership in the aggregate amount or value set forth as the Initial Capital Contribution of such Partner on Schedule 1 attached hereto and hereby made a part hereof. Such cash and property shall be the Initial Capital Contributions of the Partners to the Partnership and, upon making such contribution, each Partner shall receive its Partnership Interest and its Units. The Partners agree that the Book Value of the property to be contributed by each Partner in respect of its Initial Capital Contribution shall be equal to the value of such property as reflected on Schedule 1 attached hereto, and such contributing Partner shall receive a credit to its Capital Account equal to the amount of such Book Value. The Partners agree to make their respective Initial Capital Contributions. Notwithstanding anything to the contrary in the Securities Purchase Agreement, each of DLJ (i) be deemed to have made an Initial Capital Contribution equal to the amount shown on Schedule 1 attached hereto, (ii) shall receive a credit to its Capital Account equal to such amount, and (iii) shall not be deemed to have made any other Capital Contribution to the Partnership.
Sample 1
INITIAL CAPITAL CONTRIBUTIONS OF THE PARTNERS. The initial Capital Contributions of the Partners were made on September 20, 2002 or shortly thereafter. The initial Capital Contributions of each of the Partners shall be as set forth in the Partnership’s books and records.
Sample 1
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INITIAL CAPITAL CONTRIBUTIONS OF THE PARTNERS. A. Concurrently with the Closing, the General Partner shall contribute to (or pay on behalf of) the Partnership or the General Partner the cash necessary to pay the transaction costs, closing costs and prorations to be paid by the Partnership or the General Partner, or which are designated as Partnership or General Partner expenses, pursuant to the Contribution Agreement. The amounts so contributed or paid by the General Partner shall constitute Capital Contributions by the General Partner.
Sample 1
INITIAL CAPITAL CONTRIBUTIONS OF THE PARTNERS. (a) Each Class C Partner shall, on or prior to the Closing Date, make initial cash Capital Contributions, to the Partnership in the aggregate amounts set forth opposite such Class C Partner's name on SCHEDULE 6.1(A) hereto and the Partnership shall, in consideration of such Capital Contribution, issue to each such Class C Partner the number of Class C Preferred Units set forth opposite such Class C Partner's name on SCHEDULE 6.1 hereto. Each Class C Partner shall be deemed to have made a Capital Contribution to the Partnership in an amount equal to the amount of cash so contributed to the Partnership. (b) As contemplated by Section 2.7(c), each Class D Partner shall, on or prior to the Closing Date, make an initial Capital Contribution to the Partnership of 512,203 shares of common stock of BRI and 4,904,066 BRI OP Units held by Berkshire, BGP and their respective Affiliates on such date free and clear of any and all liens and encumbrances, such Capital Contributions having an agreed value equal to the product of (i) the number of shares plus the number of such BRI Units so contributed to the Partnership and (ii) $12.
Sample 1

Related to INITIAL CAPITAL CONTRIBUTIONS OF THE PARTNERS

  • Capital Contributions of the Partners (a) The General Partner and Initial Limited Partner have made the Capital Contributions as set forth in Exhibit A to this Agreement. (b) To the extent the Partnership acquires any property by the merger of any other Person into the Partnership or the contribution of assets by any other Person, Persons who receive Partnership Interests in exchange for their interests in the Person merging into or contributing assets to the Partnership shall become Partners and shall be deemed to have made Capital Contributions as provided in the applicable merger agreement or contribution agreement and as set forth in Exhibit A, as amended to reflect such deemed Capital Contributions. (c) Each Partner shall own Partnership Units in the amounts set forth for such Partner in Exhibit A and shall have a Percentage Interest in the Partnership as set forth in Exhibit A, which Percentage Interest shall be adjusted in Exhibit A from time to time by the General Partner to the extent necessary to reflect accurately exchanges, additional Capital Contributions, the issuance of additional Partnership Units or similar events having an effect on any Partner’s Percentage Interest. (d) The number of Partnership Units held by the General Partner, in its capacity as general partner, shall be deemed to be the General Partner Interest. (e) Except as provided in Sections 4.2 and 10.5, the Partners shall have no obligation to make any additional Capital Contributions or provide any additional funding to the Partnership (whether in the form of loans, repayments of loans or otherwise) and no Partner shall have any obligation to restore any deficit that may exist in its Capital Account, either upon a liquidation of the Partnership or otherwise.

  • 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.

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

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

  • 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.

  • 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:

  • Member Capital Contributions (Check One)

  • Capital Contributions and Capital Accounts (a) The capital contributions of each party shall be all amounts paid by it pursuant to the Agreement. With respect to each oil and gas property and the related assets subject to the Agreement, each party shall be treated as having contributed to the tax partnership an amount of cash equal to such party's share of any Lease acquisition or other property costs and the tax partnership shall be treated as having purchased such property from the party to whom such amounts are paid. (b) An individual capital account shall be maintained for each party in accordance with the following: (i) The capital account of each party shall, except as otherwise provided herein, be (A) credited by the amount of cash and fair market value of any property contributed to the tax partnership (net of any liabilities assumed by the parties hereto or to which such property is subject at the time of contribution) as provided in subparagraph (a) of this paragraph 4, and (B) credited with the amount of any item of taxable income or gain and the amount of any item of income or gain exempt from tax allocated to such party. (ii) The capital account of each party shall be debited by (A) the amount of any item of tax deduction or loss allocated to such party, (B) such party's allocable share of expenditures not deductible in computing taxable income and not properly chargeable as capital expenditures, including any non-deductible book amortizations of capitalized costs, and (C) the amount of cash or the fair market value of any property (net of any liabilities assumed by such party or to which such property is subject at the time of distribution) distributed to such party (after making the adjustment provided in subparagraph (b)(iii) in this paragraph 4). (iii) Immediately prior to any distribution of property that is not pursuant to a liquidation of the tax partnership, the parties' capital accounts shall be adjusted by assuming that the distributed assets were sold for cash at their respective fair market values as of the date of distribution and crediting or debiting each party's capital account with its respective share of the hypothetical gains or losses resulting from such assumed sales determined in the same manner as gains or losses provided for under paragraphs 4(b)(iv) and 6 for actual sales of such properties. (iv) The allocation of basis prescribed by Section 613A(c)(7)(D) of the Code and provided for in paragraph 6 hereinbelow and each party's depletion deductions shall not reduce such party's capital account, but such party's capital account shall be decreased by an amount equal to the product of (A) the depletion deductions that would otherwise be allocable to the tax partnership in the absence of Section 613A(c)(7)(D) of the Code (computed without regard to any limitations which theoretically could apply to any party) and (B) such party's percentage share of the adjusted basis of the property with respect to which such depletion is claimed (herein called "Simulated Depletion"). The tax partnership's basis in any oil or gas property, as adjusted from time to time for Simulated Depletion, is herein called "Simulated Basis." No party's capital account shall be decreased, however, by Simulated Depletion deductions attributable to any depletable property to the extent such deductions exceed such party's remaining Simulated Basis in such property. Upon the sale or other disposition of an interest in a depletable property, each party's capital account shall be credited with the gain ("Simulated Gain") or debited with the loss ("Simulated Loss") determined by subtracting from its allocable share of the amount realized on such sale or disposition its Simulated Basis, as adjusted by Simulated Depletion. (v) Any adjustments of basis of property provided for under Sections 734 and 743 of the Code and comparable provisions of state law (resulting from an election under Section 754 of the Code or comparable provisions of state law) shall not affect the capital accounts of the parties, and the parties' capital accounts shall be debited or credited as if no such election had been made unless otherwise required by applicable Treasury Regulations. (vi) Capital accounts shall be adjusted, in a manner consistent with subparagraph (b) of this paragraph 4, to reflect any adjustments in items of income, gain, loss or deduction that result from amended returns filed by the tax partnership or pursuant to an agreement with the Internal Revenue Service or a final court decision. (vii) In the case of property contributed to the tax partnership by a party, the parties' capital accounts shall be debited or credited for items of depreciation, Simulated Depletion, amortization and gain or loss with respect to such property computed in the same manner as such items would be computed if the adjusted tax basis of such property were equal to its fair market value on the date of its contribution to the tax partnership, in lieu of the capital account adjustments provided above for such items, all in accordance with Section 704(c) of the Code and Treasury Regulation 1.704-1(b)(2)(iv)(g).

  • No Additional Capital Contributions Except as otherwise provided in this Article V, no Partner shall be required to make additional Capital Contributions to the Partnership without the consent of such Partner or permitted to make additional capital contributions to the Partnership without the consent of the General Partner.

  • Capital Contributions Persons seeking to become a Member shall be required to purchase or acquire Shares and make capital contributions in such forms and in such amounts and at such times as the Board may require, if any, in its sole discretion (any, a “Capital Contribution”) whereupon a capital account for a new Member will be established, and, if applicable, accreted, in the amount of such Member’s Capital Contribution or based upon the fair market value of property contributed, and the new Member shall be issued a number of Class A Ordinary Shares as determined by the Board, and the Board shall update Exhibit A attached hereto accordingly. The provisions of this Section 3.1 are solely intended for the benefit of the Members and, to the fullest extent permitted by law, shall not be construed as conferring any benefit upon any creditor of the Company (and no such creditor shall be a third-party beneficiary of this Agreement). The Members shall have no duty or obligation to any creditor of the Company to make any contribution to the Company.

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