Original Capital Contributions Clause Samples
The "Original Capital Contributions" clause defines the initial amount of money, property, or other assets that each party is required to contribute to a business or partnership at its formation. This clause typically specifies the value and form of each member's contribution, whether in cash, equipment, intellectual property, or other resources, and may outline the timing and method for making these contributions. By clearly establishing each party's initial investment, the clause ensures transparency, prevents disputes over ownership percentages, and provides a financial foundation for the entity's operations.
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Original Capital Contributions. 9 2.2 Additional Capital Contributions; Additional Units ........... 9 2.3
Original Capital Contributions. The Percentage Interests and Original Capital Contributions of each of the Members as of the Effective Date are set forth on Exhibit A. Company shall maintain a Capital Account for each Member in accordance with the requirements of Section 1.704 -1(b) of the Regulations and the definition of “Capital Account” set forth in Exhibit B.
Original Capital Contributions. The name, address, original Capital Contribution, and initial Units quantifying the Membership Interest of each Member are set out in Exhibit A attached hereto, and shall also be set out in the Membership Register.
Original Capital Contributions. A Partner’s “Original Capital Contribution” shall be the amount of the cash, or in the sole discretion of the General Partner, securities, contributed by such party upon such Partner’s admission as a Partner. If the General Partner consents to a Limited Partner’s contribution of securities to the Partnership, the Partnership may, in the General Partner’s discretion, assess a special charge against such Limited Partner equal to the actual costs incurred by the Partnership in connection with accepting such contributed securities, including the costs of liquidating such securities or otherwise adjusting the Partnership’s portfolio to accommodate such securities. Such special charge will be assessed as of the date on which such securities are contributed.
Original Capital Contributions. A Partner’s “Original Capital Contribution” shall be the amount of the cash, or in the sole and absolute discretion of the General Partner, assets, contributed by such party upon such Partner’s admission as a Partner. If the General Partner consents to a Limited Partner’s contribution of assets to the Partnership, the Partnership may, in the General Partner’s sole and absolute discretion, assess a special charge against such Limited Partner equal to the actual costs incurred by the Partnership in connection with accepting such contributed assets. Such special charge will be assessed as of the date on which such assets are contributed. The General Partner hereby consents to the contribution by Assignor after the date hereof, as an affiliate of the Limited Partners and for the Original Capital Contributions of the Limited Partners, of the Canada Assets, all of which are set forth on Schedule 2 attached hereto, and acknowledges that no special charge shall be assessed against either Limited Partner in respect of such asset contribution. The Original Capital Contributions of the Partners are set forth on Schedule 1.
Original Capital Contributions. The name, address, Capital Contribution, and Units quantifying the Membership Interest of each Member shall be set out in the Membership Register.
Original Capital Contributions. Simultaneous with the execution of this Agreement, the Partners shall contribute to the capital of the Partnership an amount of cash set forth opposite such Partner's name on Exhibit A hereto.
Original Capital Contributions. On the Effective Date, Charter Inc. (and its affiliates) and Crescent Operating have each made an Original Capital Contribution to the Company, with the initial Net Asset Value of each such Original Capital Contribution (which shall also constitute the initial Capital Account balance of the Member making the Original Capital Contribution) immediately after the date of the Original Capital Contributions being as follows: Initial Net Asset Percentage Property Value of Original Interest Name Contributed Capital Contribution ------------------ -------------- -------------------- ---------- Charter Inc. Property and Assumed Obligations $5.0 million 50.0% described in Section 2.1 and 2.3 of the Contribution Agreement Crescent Operating Cash $5.0 million 50.0%
Original Capital Contributions. The Member has contributed to the capital of the Company the aggregate amount of cash and other property set forth in Exhibit A attached hereto and made a part hereof.
Original Capital Contributions. The name, address, original Capital Contribution, and initial Percentage Interest of each of the Members is as follows: Name and Address Original Capital Contribution Percentage Interest PCI Air Co ▇▇▇▇ ▇▇▇▇▇▇▇▇ ▇▇▇▇ ▇▇▇▇▇ 115 Reno, Nevada 89502 $2,158,722 in cash 1% AMP Funding ▇▇▇▇ ▇▇▇▇▇▇▇▇ ▇▇▇▇ ▇▇▇▇▇ 115 Reno, Nevada 89502 The aircraft described in the AMP Funding Contribution Agreement attached hereto as Exhibit B together with an amount of cash attributable to rental payments on such aircraft received by PCI after November 30, 1995 and before the date on which such aircraft are Contributed to the Company, such aircraft and cash with an agreed initial Gross Asset Value equal to $302,841,608, allocated among such assets as set forth on Schedule A, which aircraft is subject to nonrecourse debt in the aggregate amount of $43,064,635. The stock of AIMC, with an agreed initial Gross Asset Value equal to $212,307,137 $5,311,880 in cash 97% AM-BT Nevada, Inc. ▇/▇ ▇▇▇▇▇▇, ▇▇▇▇▇▇ & ▇▇▇▇▇▇▇ 1700 Bank of America Plaza ▇▇▇ ▇. ▇▇▇ ▇▇▇▇▇▇ ▇▇▇ ▇▇▇▇▇, ▇▇▇▇▇▇ ▇▇▇▇▇ $4,317,443 in cash 2%