Common use of Nami Clause in Contracts

Nami. In connection with the formation of the Company, the Organizational Member made an initial Capital Contribution in the amount of $1,000 for all of the Member Interests then outstanding. On April 18, 2007, (A) the 36.044% Member Interest in the Operating Company held 29 by Nami Capital was contributed to the Company in exchange for 1,171,430 Common Units, (B) the 34.062% Member Interest in the Operating Company held by the Majeed S. Nami Irrevocable Trust dated January 11, 2007 was contributed to the Company in exchange for 1,107,015 Common Units and (C) the 29.894% Member Interest in the Operating Company held by the Majeed S. Nami Personal Endowment Fund was contributed to the Company in exchange for 971,555 Common Units. In addition, Nami retained the right to receive a cash payment of $37.2 million from the Company, which reimbursed Nami for certain capital expenditures made by Nami.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Vanguard Natural Resources, LLC)

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Nami. In connection with the formation of the Company, the Organizational Member made an initial Capital Contribution in the amount of $1,000 for all of the Member Interests then outstanding. On April 18, 2007, (Ai) the 36.044% Member Interest in the Operating Company held 29 by Nami Capital was contributed to the Company in exchange for 1,171,430 Common Units, (Bii) the 34.062% Member Interest in the Operating Company held by the Majeed S. Nami Irrevocable Trust dated 11. January 11, 2007 was contributed to the Company in exchange for 1,107,015 Common Units and (Ciii) the 29.894% Member Interest in the Operating Company held by the Majeed S. Nami Personal Endowment Fund was contributed to the Company in exchange for 971,555 Common Units. In addition, Nami retained the right to receive a cash payment of $37.2 million from the Company, which reimbursed shall reimburse Nami for certain capital expenditures made by Nami.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Vanguard Natural Resources, LLC)

Nami. In connection with the formation of the Company, the Organizational Member made an initial Capital Contribution in the amount of $1,000 for all of the Member Interests then outstanding. On April 18, 2007, (Ai) the 36.044% Member Interest in the Operating Company held 29 by Nami Capital was contributed to the Company in exchange for 1,171,430 Common Units, (Bii) the 34.062% Member Interest in the Operating Company held by the Majeed S. Nami Irrevocable Trust dated January 11, 2007 was contributed to the Company in exchange for 1,107,015 Common Units and (Ciii) the 29.894% Member Interest in the Operating Company held by the Majeed S. Nami Personal Endowment Fund was contributed to the Company in exchange for 971,555 Common Units. In addition, Nami retained the right to receive a cash payment of $37.2 million from the Company, which reimbursed Nami for certain capital expenditures made by Nami.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Vanguard Natural Resources, LLC)

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Nami. In connection with the formation of the Company, the Organizational Member made an initial Capital Contribution in the amount of $1,000 for all of the Member Interests then outstanding. On April 18, 2007, (Ai) the 36.044% Member Interest in the Operating Company held 29 by Nami Capital was contributed to the Company in exchange for 1,171,430 Common Units, (Bii) the 34.062% Member Interest in the Operating Company held by the Majeed S. Nami Irrevocable Trust dated January 11, 2007 was contributed to the Company in exchange for 1,107,015 Common Units and (Ciii) the 29.894% Member Interest in the Operating Company held by the Majeed S. Nami Personal Xxxx Xxxxxxxl Endowment Fund was contributed to the Company in exchange for 971,555 Common Units. In addition, Nami retained retxxxxd the right to receive a cash payment of $37.2 million from the Company, which reimbursed Nami for certain capital expenditures made by Nami.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Vanguard Natural Resources, LLC)

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