Initial Capitalization. If, by December 31, 1993, OSIRIS has not received funding of at least $2 million ($2,000,000), this Agreement shall terminate, unless extended by mutual agreement and OSIRIS shall, at its sole expense, transfer to CWRU all right, title and interest in the Existing Patent Rights.
Initial Capitalization. BIOCERES and ARCADIA will each contribute Ten Thousand Dollars (US$10,000) to the Company, which shall be paid in cash. The resulting Member interests in the Company at Closing will be Fifty Percent (50%) for ARCADIA and Fifty Percent (50%) for Bioceres, Inc., all as set forth in the Operating Agreement.
Initial Capitalization. Set forth on Schedule 6.22 is a schedule of the initial capitalization of Holdings, LTC and each of LTC's Subsidiaries, after giving effect to the transactions contemplated to take place on the LTC Closing Date, specifying each class of interest held and the amount and holder thereof.
Initial Capitalization. BIOCERES and FD will each contribute [•] Thousand Uruguayan Pesos (UYU [•],000) or their US dollar equivalent to the Company, to be paid in cash. The resulting Member interests in the Company at the Closing Date will be Fifty Percent (50%) for FD and Fifty Percent (50%) for BIOCERES.
Initial Capitalization. ITEM 6.10(b) Real Property Assets.
Initial Capitalization. To provide for the initial capitalization of the Company, each Member will contribute the following: AD will contribute the following:
(i) An exclusive, non-transferable license to the Company for so long as the Company operates the Service to (a) translate into Spanish and Portuguese all content currently displayed on and distributed through the AD Network and all content produced or acquired by AD in the future for distribution through the AD Network (collectively, "AD Content") solely for the operation, promotion, and distribution of the Front End Sites and the Service in the Territory, (b) display and distribute such translated content on and through the Internet solely in connection with the operation, promotion, and distribution of the Service in the Territory, (c) use such translated content in advertising, sponsorship, marketing materials, and promotion of the Front End Sites and the Company directed to end-users located within the Territory, and (d) display and distribute on and through the Front End Sites for distribution in the Territory such specific elements of the English language version of the AD Content as approved in advance by AD in its sole discretion. All of the foregoing will be subject to the restrictions and limitations applicable to AD under license agreements with third party providers of such AD Content. AD will use its commercially reasonable efforts to obtain from third party licensors of the AD Content all rights necessary in order to grant the foregoing rights. The Company will not (1) use or reference any portion of the English language version of the AD Content in any advertising, sponsorship, marketing materials or promotion of the Company or (2) display the English language version of the AD Content on any of the Front End Sites in a manner that is substantially similar to the "look and feel" of any AD web site within the AD Network. As between the Company and AD, AD will own all right, title and interest (except as licensed herein) in and to the AD Content and all translations and localized versions of the AD Content created by or on behalf of the Company. Notwithstanding the foregoing, if AD licenses such translations of the AD Content to an entity in which CTG does not have at least a twenty-five percent (25%) ownership interest, AD will pay the Company a license fee for such translated content subject to the approval of the Non-Independent Directors, or in the event of a deadlock, by the Independent Directors. The Com...
Initial Capitalization. The Company shall, as of the Establishment Date, have authorized capital stock consisting of two classes of shares designated as Preferred Stock and Common Stock. The Company's initial equity shall be funded as follows:
Initial Capitalization. Upon the mutual execution and delivery of this Agreement, the Members shall be obligated to, and shall contribute cash to the Company in the respective amounts set forth on attached Exhibit A.
Initial Capitalization. The Borrower shall have received one or more capital contributions in an aggregate amount of not less than $[****], (i) $[****] of which shall be deposited into the Surplus Account, (ii) $[****] of which shall be deposited into the Reinsurance Trust Account and (iii) $250,000 of which shall be deposited into the Regulatory Account.
Initial Capitalization. Contemporaneously with the execution and delivery of the Original Agreement, each Member made, or caused its Affiliate to make on its behalf, a Capital Contribution in cash in the following respective amounts: Calpine $1,000 Acadia Holdings $1,000 These amounts have been added to the Capital Account of each respective Member.
