Common use of Initial Capital of the Company Clause in Contracts

Initial Capital of the Company. The sums of cash or property contributed by the Member to the Company, if any, is set forth in the records of the Company; provided, however, that a Person may be admitted as a Member of the Company and receive an Interest without making a contribution or being obligated to make a contribution to the Company.

Appears in 39 contracts

Samples: Limited Liability Company Agreement (Diamond Resorts Parent, LLC), Limited Liability Company Agreement (Diamond Resorts Parent, LLC), Limited Liability Company Agreement (Diamond Resorts Parent, LLC)

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Initial Capital of the Company. The sums of cash or property contributed by the Member Members to the Company, if any, is set forth in the records of the Company; provided, however, that a Person may be admitted as a Member of the Company and receive an Interest without making a contribution or being obligated to make a contribution to the Company.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Diamond Resorts Parent, LLC)

Initial Capital of the Company. The sums of cash or property contributed by the Member to the Company, if any, is set forth in n the records of the Company; provided, however, that a Person may be admitted as a Member of the Company and receive an Interest without making a contribution or being obligated to make a contribution to the Company.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Diamond Resorts Parent, LLC)

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Initial Capital of the Company. The sums of cash or property contributed by the Member to the Company, if If any, is set forth in the records of the Company; provided, however, that a Person may be admitted as a Member of the Company and receive an Interest without making a contribution or being obligated to make a contribution to the Company.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Diamond Resorts Parent, LLC)

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