Initial Contributions of the Members Sample Clauses

Initial Contributions of the Members. Any contribution made to the capital of the Company pursuant to this Section is referred to as an “Initial Contribution”. (a) Prior to the date hereof, TPGA has contributed to the capital of the Company as reflected in the books and records of the Company. (b) In accordance with the Master Agreement, as of the date hereof, CNP Investor has agreed to convert debt owing by the wholly owned subsidiaries of the Company into an equity interest in the Company upon the terms set forth herein, and CNP Investor is hereby admitted as a Member of the Company. (c) The Percentage Interests and total Capital Contributions attributable to each Member as of the date hereof is set forth on Exhibit B attached hereto.
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Initial Contributions of the Members. The Initial Contributions of the Members of BitGiver are as follows:
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Initial Contributions of the Members. Promptly following the execution and delivery of this Agreement, each Member shall make a Capital Contribution to the Company in the amount of such Member’s Percentage Interest of (i) the total organization costs of the Company, (ii) the purchase price and other transaction costs payable by the Company pursuant to the Purchase Agreement, and (iii) initial working capital of the Company as approved by the Management Committee, which the Members anticipate will be in the approximate amount of One Hundred Ten Million Dollars ($110,000,000) in the aggregate from each Member. The Company shall enter into the Purchase Agreement and consummate the transactions as the purchaser under the Purchase Agreement. The initial Capital Contributions made pursuant to this Section shall be used first, to reimburse the Members for the organizational costs and expenses reasonably and actually incurred by each pursuant to Section 2.05(b) (to be split equally by the Members), and to pay the purchase price and other transaction costs payable by the Company under the Purchase Agreement, and the balance to establish an initial working capital reserve for the Company. Any contribution made to the capital of the Company pursuant to this Section is referred to as an “Initial Contribution”. The Initial Contribution by each Member made pursuant to this Section shall be credited to the Book Capital Account of such Member as of the date such Initial Contribution is made by Investor.
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Initial Contributions of the Members. The Initial Contributions of the Members of CoolMellon, LLC are as follows:
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Initial Contributions of the Members. Any contribution made to the capital of the Company pursuant to this Section is referred to as an “Initial Contribution”. The Initial Contribution by each Member made pursuant to this Section was credited to the Book Capital Account of such Member as of the date such Initial Contribution was made by Investor. (a) Pursuant to the Prior Agreement and in connection with the Formation Transactions, each Member has contributed to the capital of the Company cash in the amount of such Member’s Percentage Interest of the capital required to acquire the Company’s interest in the initial Project, which contributions for said initial Project are set forth on Exhibit M hereto. (b) In connection with the Formation Transactions, each member has contributed to the capital of the Company in the amount of such Member’s Percentage Interest of the agreed non-leveraged value of the Former Separate Account Assets, which agreed value, for each such asset, is set forth on Exhibit M hereto. [Note: Exhibit M will specify the total Initial Contributions for ARCO and the Former Separate Account Assets and will be subject to adjustment for the prorations under the Contribution Agreement, including the final determination of the Net Current Assets referred to in Section 3.7 of the Contribution Agreement.]
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Initial Contributions of the Members. (a) As of the Contribution Closing, CONSOL shall contribute the CONSOL Contributed Assets to the Company (the "CONSOL Initial Capital Contribution"). The value of the CONSOL Initial Capital Contribution on the Contribution Closing shall be determined as provided in Section 2.6 of the Contribution, Assignment and Assumption Agreement. (b) As of the Contribution Closing, Allegheny shall contribute the Allegheny Contributed Assets to the Company (the "Allegheny Initial Capital Contribution"). The value of the Allegheny Initial Capital Contribution on the Contribution Closing shall be determined as provided in Section 2.6 of the Contribution, Assignment and Assumption Agreement. (c) As of the Contribution Closing, (i) the value of the CONSOL Initial Capital Contribution and the value of the Allegheny Initial Capital Contribution shall be equal and (ii) the Percentage Interest of each of CONSOL and Allegheny shall be fifty percent (50%). In order to cause CONSOL and Allegheny to have equal Capital Account balances on the Contribution Closing, (x) 50% of the CONSOL Deficiency Amount (if any) shall be distributed by the Company to Allegheny as of the Contribution Closing as provided in Section 3.2(c)(i) of the Contribution, Assignment and Assumption Agreement; and (y) 50% of the Allegheny Deficiency Amount (if any) shall be distributed by the Company to CONSOL as of the Contribution Closing as provided in Section 3.2(c)(ii) of the Contribution, Assignment and Assumption Agreement.
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Initial Contributions of the Members. The initial capital contributions of the Members shall be made as follows: (a) Upon execution. Concurrently with the execution and delivery of this Agreement, each of Majestic and Tejon shall make an initial cash contribution of One Hundred Thousand Dollars ($100,000) to the capital of the Company. Each Member's Capital Account and Unreturned Contribution Account shall be credited by such amount on the date such contribution is made.
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Initial Contributions of the Members. (a) Initial Cash Contributions. Concurrently with the execution and delivery of this Agreement, the Members have contributed to the capital of the Company cash in that amount for each Member set forth opposite each such Member’s name on Exhibit A.
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Initial Contributions of the Members 
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Related to Initial Contributions of the Members

  • 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.

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

  • 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:

  • 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.

  • 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.

  • 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 $____________.

  • Capital Contributions Distributions 17 TABLE OF CONTENTS (continued)

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