INITIAL CONTRIBUTIONS Simultaneously Sample Clauses

INITIAL CONTRIBUTIONS Simultaneously with the execution of this Agreement, except as otherwise provided herein, each of the Members shall make their respective initial Capital Contribution to the Company in the manner and as described by this Agreement. (a) GRD Capital Contribution Simultaneously with the execution and delivery hereof, or at such later date as the Members may agree, GRD, as its initial Capital Contribution, shall execute and deliver to the Company in the form of an affidavit or other legal instrument stating that GRD, through its combined, complete and extensive corporate operations and networks, will contribute and pledge the following services as its initial Capital Contribution to the Company. Such payment by GRD to the Company will constitute payment in full of GRD's initial Capital Contribution as required under the terms of this Agreement. (1) Issued to SR Group (or its assigns) 6,000,000 shares of GRD restricted common stock, (GRD: OTC-BB) per the attached Stock Subscription Agreement and 3,000,000 Warrants for a period of three years @ $1.00 per share for restricted stock. (b) SR Group Capital Contribution Simultaneously with the execution and delivery hereof, or at such later date as the Members may agree, SR Group, as its initial Capital Contribution shall execute and deliver to the Company, in the form of an affidavit or other legal instrument stating that SR Group, through their combined, complete and extensive personal and corporate operations and networks, will contribute and pledge services of the personnel listed on Schedule "A" along with a loan commitment for $1,500,000 in the form of a line of credit to be placed in an interest bearing escrow account for operations. Such payment by SR Group to the Company will constitute payment in full of SR Group's initial Capital Contribution as required under the terms of this Agreement.
Sample 1
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Related to INITIAL CONTRIBUTIONS Simultaneously

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

  • 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 of Trust Property; Organizational Expenses The Property Trustee acknowledges receipt in trust from the Depositor in connection with the Original Trust Agreement of the sum of $10, which constituted the initial Trust Property. The Depositor shall pay organizational expenses of the Trust as they arise or shall, upon request of any Trustee, promptly reimburse such Trustee for any such expenses paid by such Trustee. The Depositor shall make no claim upon the Trust Property for the payment of such expenses.

  • Additional Capital Contributions and Issuances of Additional Partnership Interests Except as provided in this Section 4.2 or in Section 4.3, the Partners shall have no right or obligation to make any additional Capital Contributions or loans to the Partnership. The General Partner may contribute additional capital to the Partnership, from time to time, and receive additional Partnership Interests in respect thereof, in the manner contemplated in this Section 4.2.

  • 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.

  • 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:

  • 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.

  • Additional Capital Contributions No Member shall be required to make additional capital contributions. A Member may make additional capital contributions to the Company.

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