Initial Interests. The Optionee's initial participating interest in the Shares of Newco under the Joint Venture Agreement will be that percentage which is equal to the Initial Interest earned by the Optionee hereunder. The Optionor's initial participating interest in the Shares of Newco under the Joint Venture Agreement will be that percentage which is equal to 100% minus the Initial Interest earned by the Optionee hereunder.
Initial Interests. (i) The Partnership is hereby authorized to issue on the date hereof to the General Partner, each TowerBrook Limited Partner, each Rollover Partner and any other Person designated by the General Partner, a number of Series A Preferred Interests that is determined by dividing (A) the Capital Contribution made to the Partnership by such Partner on or prior to the Effective Date, by (B) the Series A Preferred Original Price Per Interest.
(ii) The Partnership is hereby authorized to issue on the date hereof to each Person listed on the attached Schedule C pursuant to the Incentive Equity Plan the number of Class A Common Interests set forth opposite the name of such Person and to set the Profits Interest Threshold for such Class A Common Interests. Each holder’s Class A Common Interests shall be subject to the terms of this Agreement, the Incentive Equity Plan and the applicable Equity Grant Agreement. Schedule C will be kept strictly confidential by the Partnership and, except as otherwise determined by the General Partner, no Partner, other than a TowerBrook Limited Partner, shall have any right to receive or review a copy of Schedule C (except for information thereon that relates solely to such Partner) or obtain other information about the identities of the other Partners or the size or nature of their interests in the Partnership.
Initial Interests. As of the Effective Date, each Class A Member is deemed to have made a Capital Contribution to the Company of the portion of the fair market value of such Class A Member’s Allowed Claims as of the Effective Date represented by its Class A Units, as set forth on Schedule A-2, to be prepared on, or as soon as practicable after, the Effective Date, but in no event later than ninety (90) days following the Effective Date. Following the Effective Date, each Class B Member, upon becoming a Class B Member, will be deemed to have made a Capital Contribution to the Company of that portion of the fair market value of such Class B Member’s Allowed Claims represented by its Class B Units, to be set forth on Schedule A-2, to be prepared as soon as practicable following the date on which such Class B Member became a Class B Member, but in no event later than ninety (90) days following such date. Except as otherwise specified in a Unit Grant Agreement or Option, Capital Contributions payable for any Class C Units will consist of the purchase price (if any) payable for the Class C Units issued pursuant to any Unit Grant Agreement and the exercise price of any Option for such Class C Units, as applicable.
Initial Interests. The Initial Capital Contribution and the initial Membership Interest of each Member is as follows: Initial Capital Percentage Member Contribution * Units Interest ------ --------------- ----- ---------- MCS Four Hundred Thousand 50 50 % Dollars ($400,000) Kelley Communication Caxx xxx assets in a total 50 50 % agreed fair market value of Seven Hundred Seventy-Five Thousand Dollars ($775,000) Kelley Communication shall rexxxxx an initial cash distribution (the "Initial Cash Distribution") of Three Hundred Seventy Five Thousand Dollars ($375,000) within thirty (30) days of making its Initial Capital Contributions, reducing its Capital Contributions and Capital Account to Four Hundred Thousand Dollars ($400,000).
Initial Interests. On the Participation Date, KG shall have an undivided 50% Interest and Yukon Inc. shall have an undivided 50% Interest. Thereafter, each Participant shall have an Interest as is determined from time to time in accordance with the provisions of this section 3.
Initial Interests. The Initial Capital Contribution and the initial Membership Interest of each Member is as follows: Hooters Gaming LLC $2,500,000 (inclusive of the Hooters JV Deposit and the Hooters Canyon Deposit, each as described in Section 5.1(a) below). Hooters License Agreement 50.10 % Lags $2,500,000 (inclusive of the Hooters JV Deposit and the Hooters Canyon Deposit, each as described in Section 5.1(a) below). Hooters Restaurant Consent Lags’ Concept Restaurants Assignment 49.90 %
Initial Interests. The Initial Capital Contribution and the initial Membership Interest of each Member is as follows: Member Initial Capital Contribution Initial Common Units Initial Preferred Xxxxx* 0000000 Xxxx Xxxxxx Company $ 1 1 0 3129538 Nova Scotia Company 150,000,000 0 150,000,000 3129539 Nova Scotia Company 150,000,000 0 150,000,000 3129540 Nova Scotia Company 150,000,000 0 150,000,000 3129541 Nova Scotia Company 150,000,000 0 150,000,000 Totals $ 600,000,001 1 600,000,000 * Any or all of Preferred Units are convertible into Common Units in the sole discretion of the holder of the Preferred Units
Initial Interests. The number and class of Units held by each Member are as set forth opposite such Member’s name on Schedule A attached hereto.
Initial Interests. As of the Effective Date, TMRC sold to USARE one-third of the 30.000% Interest it was entitled to receive pursuant to the Option Agreement (as defined in the Contribution Agreement) which resulted in USARE owning an 80.000% Interest in the Company and TMRC owning a 20.000% Interest in the Company.
Initial Interests. The initial Interest of DHI US is 90%. The initial Interest of Solitario is 10%. (b)
