Initial Contributions and Interest Sample Clauses

Initial Contributions and Interest. The Member has previously contributed its initial contribution to the Company and has received 100% of the Interest in the Company.
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Initial Contributions and Interest. The Company has been formed as part of a conversion of a predecessor corporation into a limited liability company, and the Member has received as part of such conversion 100% of the Interest in the Company.
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Initial Contributions and Interest. The Members have previously contributed their initial contributions to the Company and have received 100% of the Interests in the Company with such Interests being held as follows: Valor Telecommunications Investments, LLC 99 % Valor Telecommunications Enterprises, LLC 1 %
Sample 1
Initial Contributions and Interest. No capital shall be contributed to the Company on its formation. Prior to the Conversion, the Member held all issued and outstanding capital stock of WinCorp, all of which was, by virtue of the Conversion, converted into a 100% Interest in the Company.
Sample 1
Initial Contributions and Interest. The Members have previously contributed their initial contributions to the Company and have received 100% of the Interests in the Company with such Interests being held as follows: CSL National, LP 99.9 % CSL Tennessee Realty Partner, LLC 0.1 %
Sample 1

Related to Initial Contributions and Interest

  • Initial Contributions The Members initially shall contribute to the Company capital as described in Schedule 2 attached to this Agreement.

  • Additional Contributions The Member is not required to make any additional capital contribution to the Company. However, the Member may at any time make additional capital contributions to the Company in cash or other property.

  • Initial Contribution The member agrees to make an initial contribution to the Company of $____________.

  • Distributions and Interest Amount (i) Interest Rate. "

  • ALLOCATION OF CONTRIBUTIONS You may place your contributions in one fund or in any combination of funds, although your employer may place restrictions on investment in certain funds.

  • Capital Contributions Distributions 17 TABLE OF CONTENTS (continued)

  • Payments and Contributions Neither the Company, any subsidiary, nor any of its directors, officers or, to its knowledge, other employees has (i) used any Company funds for any unlawful contribution, endorsement, gift, entertainment or other unlawful expense relating to political activity; (ii) made any direct or indirect unlawful payment of Company funds to any foreign or domestic government official or employee; (iii) violated or is in violation of any provision of the Foreign Corrupt Practices Act of 1977, as amended; or (iv) made any bribe, rebate, payoff, influence payment, kickback or other similar payment to any person with respect to Company matters.

  • 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.

  • 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 and Accounts ..................................................12 4.01 Capital Contributions.............................................................12 4.02 Additional Capital Contributions and Issuance of Additional Partnership Interests.........................................................................12 4.03

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