Investment of Capital Contributions Sample Clauses

Investment of Capital Contributions. The Capital Contributions of the Members shall be invested by the Managing Member in demand, money market or time deposits, obligations, securities, investments or other instruments constituting cash equivalents, until such time as such funds shall be used by the Managing Member for Company purposes. Such investments shall be made by the Managing Member for the benefit of the Company.
Sample 1Sample 2See All (6)
Investment of Capital Contributions. (a) The General Partner may establish and maintain in the name of Citizens Capital an Eligible Investment Account bearing a designation clearly indicating that the funds deposited therein are held for the benefit of the Partners. On each Closing Date, the General Partner shall deposit from the proceeds of the aggregate capital contributions received from the Partners an amount equal to at least 1% of such aggregate capital contributions into the Eligible Investment Account. On the first Closing Date, the amount deposited by the General Partner shall equal $_____. (b) Funds on deposit in the Eligible Investment Account shall be invested by the General Partner; PROVIDED, HOWEVER, it is understood and agreed that the General Partner shall not be liable for any loss arising from such investment in Eligible Investments; PROVIDED FURTHER that none of the funds deposited in the Eligible Investment Account shall be invested in an Eligible Investment or Eligible Investments issued by the General Partner or an Affiliate thereof for a period of five years following the Closing Date. All such Eligible Investments shall be held by the General Partner for the benefit of Citizens Capital, PROVIDED, HOWEVER, that on the day preceding each Distribution Payment Date all interest and other investment income (net of losses and investment expenses) on funds on deposit in the Eligible Investment Account shall be deposited into Citizens Capital's account maintained by Citizens Capital for receipt of income on the Convertible Debentures (the "Partnership Distribution Account") and shall constitute a portion of Citizens Capital's Net Income eligible for distribution to the Partners. Funds on deposit in the Eligible Investment Account shall be invested in Eligible Investments that will mature prior to the next succeeding Distribution Payment Date.
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Investment of Capital Contributions. The cash portion of the Capital Contributions of the Class A Members will be invested by the Management Committee in demand, money market or time deposits, obligations, securities, investments or other instruments constituting cash equivalents, until such time as such funds are used by the Management Committee for Company purposes. Such investments will be made by the Management Committee for the benefit of the Company.
Sample 1Sample 2
Investment of Capital Contributions. On the Closing Date, the Manager shall establish an escrow account (the "Escrow Account") with The Bank of New York, as escrow agent (the "Escrow Agent"), pursuant to the terms of an escrow agreement (the "Escrow Agreement"), dated the Closing Date, between the Company and the Escrow Agent. The Manager shall deposit with the Escrow Agent, in accordance with the Escrow Agreement, the Treasury strips purchased pursuant to Article III and the Manager on behalf of the Company shall pledge the Treasury strips to the Escrow Agent for the benefit of the Preferred Members pursuant to the terms of the Escrow Agreement.
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Investment of Capital Contributions. Pending use by the Company for Investments, Capital Contributions may be invested in Permitted Temporary Investments.
Sample 1
Investment of Capital Contributions. The Company shall invest all of the proceeds from the issuance of the Preferred Interests and all sums received in payment of the existing EEX Capital Subordinated Note to redeem the MIStS Securities and amend the EEX Capital Subordinated Notes.
Sample 1
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Investment of Capital Contributions. Section 6.07. REPAYMENT AND RETURN OF CAPITAL CONTRIBUTIONS ..............
Sample 1
Investment of Capital Contributions. On the Closing Date, the Manager shall establish an escrow account (the "Escrow Account") with Norwest Bank Colorado, National Association, as escrow agent (the "Escrow Agent") pursuant to the terms of an Escrow Agreement, dated the Closing Date, between the Company and the Escrow Agent. The Manager shall deposit with the Escrow Agent, in accordance with the Escrow Agreement, the Treasury strips purchased pursuant to Article III and the Manager on behalf of the Company shall pledge the Treasury strips to the Escrow Agent for the benefit of the Preferred Members pursuant to the terms of the Escrow Agreement.
Sample 1

Related to Investment of Capital Contributions

  • Return of Capital Contributions No Partner shall be entitled to withdraw any part of its Capital Contribution or its Capital Account or to receive any distribution from the Partnership, except as specifically provided in this Agreement. Except as otherwise provided herein, there shall be no obligation to return to any Partner or withdrawn Partner any part of such Partner’s Capital Contribution for so long as the Partnership continues in existence.

  • Return of Capital Contribution From time to time the Partnership may have cash in excess of the amount required for the conduct of the affairs of the Partnership, and the General Partner may, with the Consent of the Special Limited Partner, determine that such cash should, in whole or in part, be returned to the Partners, pro rata, in reduction of their Capital Contribution. No such return shall be made unless all liabilities of the Partnership (except those to Partners on account of amounts credited to them pursuant to this Agreement) have been paid or there remain assets of the Partnership sufficient, in the sole discretion of the General Partner, to pay such liabilities.

  • Member Capital Contributions (Check One)

  • Capital Contributions Distributions 17 TABLE OF CONTENTS (continued)

  • Interest on and Return of Capital Contributions No Member shall be entitled to interest on its Capital Contribution or to return of its Capital Contribution, except as otherwise specifically provided for herein.

  • Limitations on Return of Capital Contributions Notwithstanding any of the provisions of this Article 5, no Partner shall have the right to receive and the General Partner shall not have the right to make, a distribution that includes a return of all or part of a Partner’s Capital Contributions, unless after giving effect to the return of a Capital Contribution, the sum of all Partnership liabilities, other than the liabilities to a Partner for the return of his Capital Contribution, does not exceed the fair market value of the Partnership’s assets.

  • 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:

  • Additional Funds and Capital Contributions 30 SECTION 4.4 NO INTEREST; NO RETURN................................................................... 31 SECTION 4.5 NOTE DEFICIENCY CAPITAL CONTRIBUTION..................................................... 31

  • 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.

  • 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.

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