INITIAL CAPITAL CONTRIBUTIONS; UNITS Sample Clauses

INITIAL CAPITAL CONTRIBUTIONS; UNITS. Each Partner has made an initial Capital Contribution to the Partnership, and owns the number of Units set forth opposite its name, as set forth on Exhibit A, attached hereto and hereby incorporated herein.
Sample 1Sample 2Sample 3See All (9)
AutoNDA by SimpleDocs
INITIAL CAPITAL CONTRIBUTIONS; UNITS. In connection with the formation of the Company, each Member shall be deemed to have contributed to the capital (the "Capital Contributions") of the Company the approximate amount of cash paid to Xxxxxxx-Xxxxxxx R.I.C. through November 30, 1998, respecting the payments due under that certain amortization schedule regarding the purchase of the Property, and has been credited with the number of Units, set forth opposite such Member's name set forth below: Ownership Name Contribution Units Held Percentages ------------------------------ ------------ ---------- ----------- Crown Asphalt Products Company $174,533 66.67 66.67% Foreland Asphalt Corporation $87,267 33.33 33.33%
Sample 1
INITIAL CAPITAL CONTRIBUTIONS; UNITS. Each Partner (or, in the case of KCH, its predecessor) has made an initial Capital Contribution to the Partnership, and owns the number of Units set forth opposite its name, as set forth on Exhibit A, attached hereto and hereby incorporated herein.
Sample 1
INITIAL CAPITAL CONTRIBUTIONS; UNITS. Each Member has made or will complete his/her or its capital contributions within ten (10) days of the Effective Date, giving rise to such Member’s initial Capital Account and is deemed to own the number of Units and the Percentage Interest, all as set forth opposite such Member’s name in Exhibit “A”.
Sample 1
INITIAL CAPITAL CONTRIBUTIONS; UNITS. In connection with the formation of the Company, each Member has performed valuable services for or on behalf of the Company, or will perform such valuable services in the future, for which each such Member shall have a profits interest in the Company by virtue of the Units credited to such Members as set forth opposite such Members' names set forth below: Units Name Held ----------------------------------------- ------------ Peak Holding, LLC 5,100 Crown Energy Corporation 4,900 ----------- Total 10,000 =========== The Units credited to each Member shall reflect the interest of the Members in the future profits of the Company and shall not otherwise affect their respective capital interests.
Sample 1
INITIAL CAPITAL CONTRIBUTIONS; UNITS. (a) Subject to the BX Contribution Schedule, the Initial Capital Contribution by, and the date such Initial Capital Contribution was made or shall be made to the Company, as the case may be, by each Member is set forth opposite their respective names on Schedule 1 hereto, as amended from time to time. (b) The number of Units (and class designation) held by, and Percentage Interest of, each Member is set forth in Schedule 2 hereto, as amended from time to time. (c) The value assigned to each Initial Capital Contribution is equal to the amount of cash and the fair market value of all other assets, services and/or properties contributed by such Member, determined as set forth on Schedule 1. (d) In the event of any dispute as to the fair market value of any Capital Contribution made through the provision of services or the contribution of assets or property, the fair market value of such Capital Contribution shall be finally determined by an independent accounting firm of national prominence that has no current business relationship with any of the disputing Members or the Company or as the Members shall otherwise agree.
Sample 1
INITIAL CAPITAL CONTRIBUTIONS; UNITS 
Sample 1Sample 2Sample 3See All (4)
AutoNDA by SimpleDocs

Related to INITIAL CAPITAL CONTRIBUTIONS; UNITS

  • 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)

  • 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.

  • 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.

  • 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.

  • 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.

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!