Initial Paid-In Capital. The name, address, original Capital Contribution, and initial Units quantifying the Interest of the initial Members are set out in the Membership Register or otherwise in the Company records. Capital Contributions for new Members accepted by the Board, from time to time, shall be made by each new Member as determined by the Board in its sole discretion.
Initial Paid-In Capital. (a) Ownership rights in the Company are measured by Units. The Company shall maintain a Membership Register at its principal office or by a duly appointed agent of the Company setting forth the name, address, Capital Contribution, number and class of Units held by each Member which shall be modified from time to time as Transfers occur, as additional Units are issued or as Units are reclassified pursuant to the provisions hereof. The name, address, Capital Contribution, number and class of Units quantifying the Membership Interest of each Member are set out in the Membership Register.
(b) Subject to Section 6.7(b) and Section 4.3, the Board of Governors, in its sole discretion, may from time to time by majority vote, accept additional subscriptions for Membership Units in the Company, or grant options, warrants or other rights to purchase or otherwise acquire Membership Units, all on such terms as the Board may determine. Under acceptance of any such subscription, the Company shall promptly enter into a subscription agreement (and any agreement referred to therein), without the requirement of any further act, approval or vote of any other Person and such subscription agreement will, along with execution of agreement to be bound by this Agreement be deemed to satisfy all the conditions hereof.
Initial Paid-In Capital. (a) Ownership rights in the Company are measured by Units. The Company shall maintain a membership register at its principal office or by a duly appointed agent of the Company setting forth the name, address, capital contribution and number of Units held by each Member which shall be modified from time to time as Transfers occur or as additional Units are issued pursuant to the provisions hereof.
(b) The Board of Governors, in its sole discretion, may from time to time by majority vote, accept additional subscriptions for Membership Units in the Company, or grant options, warrants or other rights to purchase or otherwise acquire Membership Units, all on such terms as the Board may determine. Under acceptance of any such subscription, the Company shall promptly enter into a subscription agreement (and any agreement referred to therein), without the requirement of any further act, approval or vote of any other Person and such subscription agreement will, along with execution of agreement to be bound by this Agreement be deemed to satisfy all the conditions hereof.
Initial Paid-In Capital. The Members listed on Appendix A shall have contributed the cash to the capital of the Company as set forth therein. Capital Contributions for new Members accepted by the Board, from time to time, shall be made by each new Member as determined by the Board in its sole discretion.
Initial Paid-In Capital. Each Member has made to the Company the Capital Contribution and has received the Units set forth opposite its name on Schedule I hereto.
Initial Paid-In Capital. Subject to requirements under the Commercial Code, the initial paid-in capital of the Company shall be one billion one hundred twelve million Yen ((Y)1,112,000,000). Exhibit 10.15
Initial Paid-In Capital. The Members listed on Appendix A to this Agreement shall have contributed the cash to the capital of the Company as set forth on Appendix A. The Capital Contributions set forth on Appendix A shall be made by each of such Members within thirty (30) calendar days after the last date of execution of this Agreement by the Members listed on Appendix A.
Initial Paid-In Capital. The Initial Paid in Capital shall be used by Debtor in the ordinary course of its business and shall not be paid out until all Obligations have been indefeasibly satisfied in full. The Closing Account shall at all times after the earlier of the effective date of Parent's SB-2 Registration Statement and February 26, 2005 have at least $300,000 in it and shall always be subject to Agent's first priority and only perfected security interest.
Initial Paid-In Capital. The Initial Limited Partner shall contribute $1,000 to the capital of the Partnership and shall be allocated ten (10) Limited Partnership Units for such contribution and the General Partner shall contribute $1,000 to the capital of the Partnership and shall be allocated ten (10) General Partnership Units for such contribution. At the conclusion of the Offering Period, the Initial Limited Partner shall withdraw as a Limited Partner and his $1,000 capital contribution will be returned to him, without interest, and he will have no further rights or obligations as a Limited Partner.
Initial Paid-In Capital. (a) Prior to the date of this Agreement, the initial Members of the Company (the "Founders") contributed cash to the capital of the Company as set forth in the required records of the Company.
(b) The Board of Governors, in its sole discretion, may from time to time by majority vote, accept additional subscriptions for Membership Units in the Company, or grant options, warrants or other rights to purchase or otherwise acquire Membership Units, all on such terms as the Board may determine. Upon acceptance of any such subscription, the Company shall promptly enter into a subscription agreement (and any agreement referred to therein), without the requirement of any further act, approval or vote of any other Person and such subscription agreement will, along with execution of agreement to be bound by this Agreement be deemed to satisfy all the conditions hereof.
(c) Each Founder shall be entitled, notwithstanding Section 10.1, to Transfer such Founder's Interest on a one time basis to another Person and at the Founder's discretion; provided, however, that the Transferee's ownership in all respects complies with the terms hereof and the Transferee becomes bound by all the terms and conditions set forth herein.
