Members' Initial Contributions. (a) NEI has (i) contributed the Mining Lease to the capital of the Company and (ii) paid to CLG the sum of Twenty Thousand Dollars ($20,000) pursuant to the Letter Agreement (the "Letter Agreement"), by and between NEI and CLG, which was executed by CLG on January 27, 2007. UEC has reimbursed to NEI Nine Thousand Eight Hundred Dollars ($9,800), which was credited to UEC's Equity Account. The balance of Ten Thousand Two Hundred Dollars ($10,200) was credited to NEI's Equity Account.
Members' Initial Contributions. (a) Strathmore, as its Initial Contribution, hereby contributes the Property described in Appendix I to the capital of the Company.
Members' Initial Contributions. XCO, as its Initial Contribution, hereby contributes the Properties to the capital of the Company. The agreed value of XCO’s Initial Contribution is $ . YCO, as its Initial Contribution, shall contribute the first $ hereunder, which sum shall be used to fund Programs and Budgets approved pursuant to Article IX. [Such contributions shall be made as follows: ]16
Members' Initial Contributions. 3.1.1 AIVN, as its Initial Contribution, contributes all of its right, title and interest in and to the Assets described in Exhibit A to the capital of the Company. The amount of $1,615,385 shall be credited to AIVN’s Equity Account on the Effective Date with respect to AIVN’s Initial Contribution.
Members' Initial Contributions. (a) NGXS, as its Initial Contribution, hereby contributes the Assets described in EXHIBIT A to the capital of the Company. ----------
Members' Initial Contributions. The amount of cash and the nature and agreed value of any property, initially contributed or to be contributed to the Company by each Member, are set forth on EXHIBIT B hereto.
Members' Initial Contributions. (a) 77WWLP has contributed to the Company all of its right, title and interest in and to the 77WWLP Contributed Assets. 77WWLP was credited with a Capital Contribution equal to $110,000,000, as such amount may be adjusted in accordance with the Contribution Agreement, such amount representing the net fair market value of the 77WWLP Contributed Assets.
Members' Initial Contributions. (a) Patricx, xx its Initial Contribution, hereby contributes the Assets described in Exhibit A to the capital of the Company; the amount of Eighteen Million Eight Hundred and Fifty Thousand Dollars ($18,850,000) shall be credited to Patrick's Capital Account on the Effective Date with respect to Patrick's Initial Contribution.
Members' Initial Contributions. TSVLP, as its Initial Contribution, shall and does hereby transfer, convey, assign and contribute to the Company its undivided 40% interest in the Assets and any other right, title and interest held by TSVLP or its Affiliates in or to the Assets. TSHI, as its Initial Contribution, shall and does hereby transfer, convey, assign and contribute to the Company its undivided 60% interest in the Assets and any other right, title and interest held by TSHI or its Affiliates in or to the Assets. For purposes of determining TSVLPs and TSHIs initial or subsequently adjusted Ownership Interests, including the calculation of dilution under Section 4.1(b) of the LLC Agreement, and for no other purpose, the value of TSVLPs Initial Contribution shall be deemed to be Two Million Dollars ($2,000,000) and the value of TSHIs Initial Contribution shall be deemed to be Three Million Dollars ($3,000,000). As of the Effective Date of this Agreement, after taking into account the Members Initial Contributions, the opening balance in TSHIs Capital Account shall be zero and the opening balance in TSVLPs Capital Account shall be zero. TSVLP and TSHI shall take all such further action (and shall cause their Affiliates to take all such further action), including without limitation the execution, delivery, recordation and filing of appropriate deeds, bills of sale, assignments and other instruments of conveyance, as may be reasonably necessary, convenient or appropriate to accomplish or evidence their respective Initial Contributions. Additional Cash Contributions. Subject to TSHIs right of withdrawal as set forth in Section 2.3, TSHI agrees to contribute, in accordance with approved Programs and Budgets and the provisions of the LLC Agreement, one hundred percent (100%) of all costs of Operations, including but not limited to costs of holding and maintaining the Properties, permits and bonds for Operations, expenditures in respect of Exploration and, if warranted, Development and Mining, capital costs and working capital until the date (the Cut-Off Date) on which TSHI has contributed and committed an aggregate of Four Million Dollars ($4,000,000) toward the costs of Exploration, including without limitation associated costs of permitting, environmental studies and Environmental Compliance, but excluding costs of holding the Properties. Such amounts contributed by TSHI prior to the Cut-Off Date shall be added to the Recoupment Amount in accordance with Exhibit D of the LLC Agreement , a...
Members' Initial Contributions. 3.1.1 Owner, as its Initial Contribution, contributes the Assets described in Exhibit A to the capital of the Company. The amount of $500,000.00 shall be credited to Owner's Equity Account on the Effective Date with respect to Owner's Initial Contribution.
