Members and Initial Capital Contributions Sample Clauses

Members and Initial Capital Contributions. The Members of the Company are Imperial-Savannah, SUGAR, and Cargill. If a Member fails to make its respective Initial Capital Contribution, as set forth in Schedule 4.1 and the Member Contribution Agreement, on or before the Closing Date, this Agreement shall terminate, the Company will be dissolved pursuant to Article XIII, and the Company will promptly return the Initial Capital Contribution, if any, made by the other Members. In consideration of the Initial Capital Contributions, Imperial-Savannah, SUGAR, and Cargill will each acquire the initial Membership Interests in the Company set forth in Schedule 4.1. Membership Interests are personal to each Member and, except as otherwise set forth in this LLC Agreement, do not give any Member any rights in the Property of the Company.
Sample 1
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Members and Initial Capital Contributions. A. The Members shall be divided into Class A Members and Class B Members. Unless otherwise expressly provided in this Agreement to the contrary, (i) Creditrust and each subsequent holder of one or more Units who has been admitted to the Company as a Member shall be referred to herein as a "Class A Member" and Global, and any successor thereto, shall be referred to as the "Class B Member" and (ii) any reference to "Members" or a "Member" shall include the Class A Members and the Class B Member. The Members, their respective Class designations, capital contributions, addresses and number of Units (if any) are set forth on Schedule A hereto. Schedule A shall be amended from time to time to ---------- ---------- reflect any changes to the information set forth thereon.
Sample 1
Members and Initial Capital Contributions. The names, addresses, initial Capital Contributions and Percentage Interests of the Members are set forth on Exhibit A attached hereto.
Sample 1
Members and Initial Capital Contributions. The names and initial Capital Contributions of the initial Members and the number of Units acquired by each are as follows: microHelix, Inc. 1,000,000 shares of the Series D Preferred Stock of microHelix, Inc. and warrants to purchase up to 65,100,917 shares of microHelix, Inc. Class B Common Stock at an exercise price of $0.001 per share, as described and defined in the Contribution Agreement between microHelix, Inc. and the Company dated December 30, 2009. 99 Aequitas Capital Management, Inc. All of the Assets described and defined in the Contribution Agreement between Aequitas Capital Management, Inc. and the Company dated December 30, 2009. 56 CarePayment, LLC All of the Assets described and defined in the Contribution Agreement between CarePayment, LLC and the Company dated December 30, 2009. 44 The Members will make their initial Capital Contributions upon the Manager's request.
Sample 1
Members and Initial Capital Contributions. A. The Members shall be divided into Class A Members and Class B Members. Unless otherwise expressly provided in this Agreement to the contrary, (i) Creditrust and each subsequent holder of one or more Units who has been admitted to the Company as a Member shall be referred to herein as a "Class A Member" and Global, and any successor thereto, shall be referred to as the "Class B Member" and (ii) any reference to "Members" or a "Member" shall include the Class A Members and the Class B Member. The Members, their respective Class designations, capital contributions, addresses and number of Units (if any) are set forth on Schedule A hereto. Schedule A shall be amended ---------- ---------- from time to time to reflect any changes to the information set forth thereon. B. Creditrust has made an initial capital contribution to the Company of $1,000. In exchange for such transfer and contribution, the Company shall issue to Creditrust 100 Units of ownership interest in the Company, which, as of the date such Units are issued, shall represent all the issued and outstanding Units in the Company. C. The Company shall have at all times one Class B Member. The Class B Member shall be a special class of Member the sole rights of which are limited to voting on certain actions and decisions by the Company as provided herein. The Class B Member (i) shall have no obligation to make any capital contributions to the Company, (ii) will not be issued any Units in the Company, (iii) will not be entitled to receive any distributions from the Company and (iv) will not be entitled to participate in the business and affairs of the Company or vote on any matters requiring the consent or approval of the Members, except as expressly provided herein. The Class B Member shall at all times be a corporation, which shall have at least one Independent Director and shall at all times be an Independent Member.
Sample 1
Members and Initial Capital Contributions 
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Related to Members and Initial 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.

  • Initial Capital Contribution The initial Capital Contribution of the Original Member as of the date of this Agreement will be $ .

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

  • 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:

  • Member Capital Contributions (Check One)

  • 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.

  • 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.

  • 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.

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