Partners and Capital. A. The names, addresses, Percentage Interests, and type of interests (i.e. whether General or Limited) of the Partners are as follows: Percentage and Names and Addresses Type interest ------------------- ---------------- Meridian Nursing 1% General Centers, Inc. 21 West Road Towson, Maryland 21204 Meridian/Constellation Limited Pxxxxxxxxxx 00% Xxxxxxx 21 West Road Towson, Maryland 21204 000% ----
B. Upon formation of the Partnership, MNC shall contribute $1.00 and MCLP shall contribute $99.00 to the capital of the Partnership. Upon the closing of the acquisition of the Facility by the Partnership, MNC shall contribute $16,884 in cash and MCLP shall contribute $1,671,487 in cash to the capital of the Partnership. In addition, MNC shall lend $67,535 and MCLP shall lend $6,685,950 to the Partnership. Each such loan shall be evidenced by a promissory note which shall be made payable to MNC and MCLP, respectively, shall have a term to maturity of 365 days and shall bear interest at the rate of 9% per annum.
C. Upon the closing of the acquisition of the Facility by the Partnership or such later time as provided in the Purchase Agreement for the acquisition of the Facility dated December 19, 1986, MNC and MCLP shall contribute as additional capital 1% and 99%, respectively, of the closing costs.
Partners and Capital. A. The persons whose names are set forth in Section 2.1.B are hereby admitted as Partners of the Partnership. Meridian shall contribute to the Partnership as its capital contribution as a Limited Partner all of Meridian's right, title and interest in and to the Project. The Partners agree, subject to the completion of an appraisal, that the value of the Project upon contribution to the Partnership by Meridian is $4,172,536 (the "Gross Asset Value of the Project"). MNC shall contribute to the Partnership as its capital contribution as a General Partner cash in an amount equal to 1.0101% of the Gross Asset Value of the Project.
B. The names, addresses, Percentage Interests, and type of interests (i.e. whether General or Limited) of the Partners are as follows: Percentage and Type Interest -------------- Meridian Nursing Centers, Inc. 0% Xxxxxxx 00 Xxxx Xxxx Xxxxxx, Xxxxxxxx 00000 Meridian, Inc. 99% Limited 00 Xxxx Xxxx Xxxxxx, Xxxxxxxx 00000 100% ===
C. The General Partner shall have the right to admit any person or persons as additional Limited Partners as the General Partner, in its sole discretion, deems appropriate.
Partners and Capital. 8.01(a) The General Partner. The General Partner has contributed $1,000 in cash as its minimum Capital Contribution to the Partnership.
8.01 (b).
Partners and Capital. General Partner. The name, address and Capital Commitment of the General Partner and the Affiliated Limited Partners are set forth in Schedule A hereto. The General Partner, the Affiliated Limited Partners and their respective Affiliates shall make a combined Capital Commitment in the amount of at least one percent (1%) of the Aggregate Commitments as of the Effective Date. The Capital Commitment obligation of the General Partner and the Affiliated Limited Partners may be satisfied (a) by causing a co-investment Person that is an Affiliate of the General Partner to invest with the Partnership in all Investments on the same terms as the Partnership’s investment, (b) through direct investment as a Limited Partner in the Partnership or indirectly through investment of one or more Affiliates as a Partner in the Partnership, and (c) by investing in Parallel Investment Vehicles or an Aggregator Vehicle. The Capital Commitment obligation of the General Partner and the Affiliated Limited Partners may be increased in the sole discretion of the General Partner at any time, including to reflect its election to forego all or a portion of its Management Fee and deem such amount as a Capital Contribution pursuant to Section 5.6.
Partners and Capital. 3.1 General Partner's and Datalinc's Capital Contributions. The General Partner has contributed $100 in cash to the capital of the Limited Partnership. Datalinc has contributed all rights, title and interest to all tangible and intangible assets associated with THRUCOMM.
Partners and Capital. Partner A: Partner B:
Partners and Capital. 8 Section 3.01
Partners and Capital. A. The names, addresses, percentage interests and type of interests (i.e. whether General or Limited) of the Partners are as follows: Percentage and Type Names and Addresses of Interest ----------------------------- ------------------- Meridian Nursing Centers, Inc. 1% General 21 West Road Towson, Maryland 21204 CPI Health Services, Inc. 1% General 1101 St. Paul at Chase Suite 302 Baltimore, Maryland 21202 Meridian Xxxxxxx Xxxxxxx, Xxx. 28.2929% Limited 21 West Road Towson, Maryland 21204 CPI Health Services, Inc. 69.7071% Limited 1101 St. Paul at Chase Suite 302 Baltimore, Maryland 21202 -------------------------------------- 100%
B. Upon the formation of the Partnership, Meridian and Constellation shall each contribute to the capital of the Partnership $1.00 as General Partners, Meridian shall contribute $28.29 as a Limited Partner and Constellation shall contribute $69.71 as a Limited Partner. Upon the closing of 2618z: 12/28/86 6893-151 the acquisition of the Facilities by the Operating Partnerships pursuant to the Purchase Agreement for the Facilities dated December 19, 1986 (the "Purchase Agreement"), Meridian shall contribute $48,788 in cash as a General Partner and $1,380,363 in cash as a Limited Partner and Constellation shall contribute $48,788 in cash as a General Partner and $3,400,891 in cash as a Limited Partner. In addition, Meridian shall lend to the Partnership $195,154 as a General Partner and $5,521,451 as a Limited Partner and Constellation shall lend to the Partnership $195,154 as a General Partner and $13,603,565 as a Limited Partner. Each such loan by Meridian and Constellation shall be evidenced by a promissory note which shall be made payable to Meridian and Constellation, respectively, shall have a term to maturity of 365 days and shall bear interest at the rate of 9% per annum. No interest shall be payable on any Capital Contribution to the Partnership.
C. Upon the closing of the acquisition of the Facilities by the Operating Partnerships or at such later time as provided in the Purchase Agreement, the Partners shall contribute as an additional capital contribution, pro rata in accordance with their respective Percentage Interests, 99% of the closing costs.
D. The Partners shall make additional contributions to the capital of the Partnership for future capital expenditures as shall be agreed upon by the General Partners.
E. At such time as called for by the General Partners, the Partners shall contribute an additional $200,000 to...
Partners and Capital. A. The names, addresses, percentage interests and type of interests (i.e. whether General or Limited) of the Partners are as follows: Name and Addressee Percentage and Type of Interest Meridian Healthcare, Inc. 1% General 515 Fairmount Avenue Suite 800 Towson, Maryland 21286 Xxxxxxxx Xxxxxxxxxx, Xxx. 00.0000% Xxxxxxx 515 Fairmount Avenue Suite 800 Towson, Maryland 21286 Xxxxxxxx Xxxxxx, Xxx. 00.0000% Xxxxxxx 515 Fairmount Avenue Suite 800 Towson, Maryland 21286
Partners and Capital. Section 2.1 Partners and Capital 2 Section 2.2 No Interest on Capital Contribution 3 Section 2.3 Withdrawal of Capital 3 Section 2.4 Capital Account 3 Section 2.5 Obligation to Return Capital Contribution 5 Section 2.6 No Liability of Limited Partners 5
