Common use of Initial Capital Clause in Contracts

Initial Capital. As of the effective date hereof, the Partners have made or will make contributions of cash and/or property to the Partnership, and the amount of such cash contributions and the Gross Asset Value of such in-kind Capital Contributions are reflected in the Capital Account balance of each such Partner as set forth opposite such Partner's name on the attached Schedule A, as amended from time to time, under the heading "Agreed Capital Account".