Partnership Contributions Clause Samples
The Partnership Contributions clause defines the obligations of each partner to provide specific resources, such as cash, property, or services, to the partnership. It typically outlines the type, value, and timing of contributions required from each partner, and may address how additional contributions are handled if needed. This clause ensures that all partners are clear on their initial and ongoing commitments, helping to prevent disputes and maintain the financial stability of the partnership.
Partnership Contributions. At the Closing:
(A) MUFG shall cause MUSHD to contribute to the Partnership 40 shares of MUMSS Class A Stock and 99,900 shares of MUMSS Class D Stock as consideration for a 60% (the “MUFG Ownership Percentage”) interest in the Partnership, as provided in the Partnership Agreement;
(B) MS shall cause MSHD to contribute to the Partnership 49 shares of MSMS Class X Stock and 99,900 shares of MSMS Class W Stock as consideration for a 40% (the “MS Ownership Percentage”) interest in the Partnership, as provided in the Partnership Agreement.
Partnership Contributions. From the date hereof until the Closing Date, the Seller shall ensure that the Company makes any payments and capital contributions as required under the Partnership Agreements to NBP and NBILP.