ORIGINAL CAPITAL CONTRIBUTION Clause Samples
The "Original Capital Contribution" clause defines the initial amount of money, property, or other assets that each party is required to contribute to a business entity, such as a partnership or limited liability company, at the time of its formation. This clause typically specifies the form and value of each member's contribution, whether in cash, equipment, intellectual property, or other resources, and may outline the timing and method of delivery. Its core practical function is to establish a clear record of each party's initial investment, ensuring transparency and providing a basis for determining ownership percentages, profit sharing, and future obligations.
ORIGINAL CAPITAL CONTRIBUTION. The amount contributed to the capital of the Company by a Member as provided in Article IV.
ORIGINAL CAPITAL CONTRIBUTION. The amount contributed to the capital of the Partnership by a Partner as provided in Article IV.
ORIGINAL CAPITAL CONTRIBUTION. The original capital contribution ("Original Capital Contribution") of each of the Members to the Company shall be as follows:
ORIGINAL CAPITAL CONTRIBUTION. The initial capital of the Company has been contributed by the Member and accepted by the Board at the value set forth in the Board’s written action accepting the Member’s Original Capital Contribution. As of the Effective Date, the Member has agreed to contribute to the capital of the Company certain cash and/or property as specified in such action as the Member’s Original Capital Contribution.
ORIGINAL CAPITAL CONTRIBUTION. The original capital contribution ("Original Capital Contribution") of each of the Members to the Company shall be as follows:
(a) CV. As its Original Capital Contribution to the Company, CV shall: (i) concurrently with the execution of this Agreement, deliver to the Company two (2) counterpart originals of the Assignment of Development Property, duly executed by CV, ▇▇▇▇▇▇▇ ▇.
ORIGINAL CAPITAL CONTRIBUTION. An amount equal to the product of (a) the number of Interests owned by a Limited Partner and (b) $1,000.