Nature and Amount of Contributions. The amount and nature of the contributions of each Joint Venturer are as follows: Outback $1,000,000 cash Roy’s $1,000,000 cash In addition to the foregoing, Roy’s shall grant or cause to be granted to the Joint Venture a royalty-free master license for the exclusive use in the world of the service xxxx “Roy’s” and the Roy’s system and shall contribute the services specified in Article III, above. Such license, however, shall expressly reserve unto Roy’s the right to continue use and licensing of the service xxxx in connection with its existing Hawaii and franchise operations. Attached hereto as Exhibit “A” is a list of said existing Hawaii and franchise operations. In addition to the foregoing, Outback agrees to cause its parent company, Outback Steakhouse, Inc. to provide the Joint Venture with financial guarantees for up to 50% of any debt of the Joint Venture where such guarantees will be beneficial to the Joint Venture, including but not limited to, Restaurant premises leases, any promissory notes or other indebtedness of the Joint Venture, and any lease for furniture, fixture and equipment. Outback shall also contribute the services described in Article III, above.
Nature and Amount of Contributions. The amount and nature of the contributions of the Members are as follows: Outback $13,000,000 cash Fleming's All and exclusive right, title and interest in the System (subject only to those certain non-exclusive, transferable licenses granted to Flemxxx Xxxme Steakhouse I, L.L.C. and Flemxxx Xxxme Steakhouse II, L.L.C.), with a deemed contribution value of $13,000,000.
Nature and Amount of Contributions. The nature and amount of the contributions of each party to the Joint Venture are as follows: Venturer A has contributed which is of the initial capital. Venturer B has contributed which is of the initial capital.
Nature and Amount of Contributions. The amount and nature of the contributions of the Members are as follows: Outback $600.00 cash CHC $400.00 cash
