Nature of Contributions. All contributions by New GM and the GUC Trust to the Trust shall be made in immediately available funds. Contributions made to the Trust shall not be construed as fines, penalties, monetary sanctions, or punitive damages.
Nature of Contributions. The Parties acknowledge and agree that (i) the contribution of the interests in Contribution LLC to the Company in exchange for the Series One Interests contemplated in this Agreement is intended to be treated as a tax-free contribution of the Contributed Assets to the Company under Section 721 of the Internal Revenue Code of 1986, as amended (the “IRC”) and applicable correlative provisions of any state or local income Tax law, (ii) the Parties shall report the transactions contemplated by this Agreement consistently with such tax-free treatment, and (iii) the Parties shall not take any position inconsistent with such treatment in any Tax Return, press release, filing with any Governmental Authority or otherwise, unless otherwise required by applicable Law.
Nature of Contributions. Any cash or other properties contributed to the Partnership by the Partners as provided in Sections 3.1 and 3.2 are not loans by the Partners to the Partnership, and the repayment of the contributions is dependent on the financial results achieved by the Partnership. No Partner shall be paid interest solely as a result of contributing capital to the Partnership, and no amount payable to any Partner as provided in this Agreement is guaranteed by the Partnership or any other Partner. This Section shall not be construed in a manner which prohibits a Partner from lending funds to the Partnership so long as the loan is distinguished from a contribution by the Partner and is evidenced as such on the Partnership’s books.
Nature of Contributions. No Limited Partner shall be required to contribute any capital to the partnership other than as provided in Article 6 hereof or to lend any funds to the Partnership. No interest shall be paid to a Limited Partner on any capital contributed to the
Nature of Contributions. All contributions by or on behalf of Neomedic to the Settlement Trust shall be made in immediately available funds. Contributions made to the Settlement Trust shall not be construed as fines, penalties, monetary sanctions, or punitive damages.
Nature of Contributions. All salary reduction contributions made pursuant to this Agreement shall be in cash. All other Contributions made pursuant to this Agreement shall be in cash, except as otherwise permitted by the Custodian. The Employee shall at all times have a 100% nonforfeitable right to all amounts credited to his or her Account.
Nature of Contributions. All Contributions made pursuant to this Agreement shall be in cash (which includes transmissions of Contributions by Automated Clearing House (“ACH”), by a wire order trade, or by any other electronic means acceptable to the Custodian). Notwithstanding the foregoing, Contributions other than Salary Reduction Contributions may also be made as otherwise permitted by the Custodian. The Participant shall at all times have a 100% nonforfeitable right to all amounts credited to his or her Account attributable to Employer Contributions made pursuant to a salary reduction agreement and to transfer or rollover contributions. The Participant shall have a vested right to amounts credited to his or her Account attributable to other Employer Contributions in accordance with the terms of the Plan.
Nature of Contributions. 22 4.4. Sources of Additional Funds........................................................................22 4.5. Capital Accounts...................................................................................23
Nature of Contributions. 9 Section 2.7
Nature of Contributions. All Capital Contributions shall be non-interest bearing. No Partner shall have the right to withdraw, reduce, or demand the return of its Capital Contribution except as otherwise provided in this Agreement. No interest shall be paid with respect to the Capital Account of any Partner.
