Payments of Capital Contributions Sample Clauses

Payments of Capital Contributions. 16 Section 3.6. Non-payment of Capital Contributions...............17 Section 3.7. Interest on and Return of Capital Contributions....20
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Payments of Capital Contributions. (a) The Limited Partner shall pay the Capital Contributions referenced in Section 3.2(a) on the Purchase Agreement Closing Date.
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Payments of Capital Contributions. (a) The Limited Partner shall pay the Capital Contributions referenced in Section 3.2(a) as follows:
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Payments of Capital Contributions. (a) The Limited Partners shall pay the Capital Contributions agreed to be made by them pursuant to SECTION 3.3 on the closing date of the purchase of the Subject Property with respect to which such Capital Contributions pertain or on such date or dates as shall be mutually agreed upon by the Partners in good faith.
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Payments of Capital Contributions. (a) The General Partner shall pay the Capital Contributions referenced in Section 3.1(a) and the Limited Partner shall pay the Capital Contributions referenced in Section 3.2(a) so that the Partnership can comply with its obligations to pay the Performance Deposit in accordance with the terms of the Purchase Agreement and the Assignment Agreement.
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Payments of Capital Contributions. (a) On the Delivery Date, the Limited Partners shall tender $500,000 of the Capital Contributions referenced in Section 3.2(a), which amount shall be deposited with the Westar Escrow Agent under the Westar Escrow Agreement.
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Payments of Capital Contributions. 14 Section 3.4. Non-payment of Capital Contributions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15 Section 3.5. Return of Capital Contributions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 17 Section 3.6. Payments and Advances by General Partners . . . . . . . . . . . . . . . . . . . . . . . . . . . 17 Section 3.7. Preemptive Rights . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 18 Section 3.8. Additional Issuances of Partnership Interests . . . . . . . . . . . . . . . . . . . . . . . . . 18
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Payments of Capital Contributions. The Chief Executive Officer shall cause to be prepared and delivered to General Atlantic and GAP L.P. 10 business days prior to the end of each fiscal quarter of the Partnership an estimate of the amount of aggregate Capital Contributions expected to be called and paid by the GA Partners (the "GA Call Amount") within the succeeding quarter, together with a brief explanation of the bases for such projected capital needs by the GA Partners. Up to $5,000,000 of such Capital Contributions (including the initial Capital Contributions made by the GA Partners) may be called during the first twelve months of the Partnership term and the remaining $5,000,000, plus any portion of the $5,000,000 not previously called, may be called at any time thereafter. Except as otherwise provided herein, General Atlantic and GAP L.P. shall pay their proportionate shares of the GA Call Amount (which as of the Effective Date are 95.45% and 4.55%, respectively) until each such Partner has fulfilled its obligation to make its respective Capital Contributions agreed to in Section 3.1 or 3.2, as applicable, upon request by the Chief Executive Officer. Any request for payment by the GA Partners of all or a portion of a GA Call Amount shall be in writing and shall set forth (a) the amount of such Capital Contributions to be paid by the respective GA Partners at such time and (b) the date by which payment of such Capital Contributions shall be received, which (i) with respect to any call for a Capital Contribution which alone or in the aggregate with all other Capital Contributions made by the GA Partners during such fiscal quarter does not exceed the estimate for such quarter, shall not be less than ten (10) business days from the date the notice is received, and (ii) with respect to any call for a Capital Contribution which alone or in the aggregate with all other Capital Contributions made by the GA Partners during such fiscal quarter exceeds the estimate for such quarter, shall be not less than 30 calendar days from the date the notice is sent. Payments by the GA Partners of their Capital Contributions shall be made by wire transfer of immediately available funds to the Partnership's account as designated by the Chief Executive Officer by notice to the GA Partners pursuant to Section 13.1.
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Payments of Capital Contributions. (a) The Limited Partners shall pay an amount not to exceed $2,610,000 of the Capital Contribution referenced in SECTION 3.2(A) on the Delivery Date, which amount shall be immediately applied by the Partnership to the payment of the Purchase Price attributable to the Subject Properties to be acquired from Exxon Corporation. The Limited Partners shall pay the Capital Contributions referenced in SECTION 3.2(B) on the Delivery Date, which amount shall immediately be applied by the Partnership to the payment of the Placement Fee. The Limited Partners shall pay an amount not to exceed the remaining portion of its Capital Contribution referenced in SECTION 3.2(A) on the date on which the Partnership is to acquire the Amoco Properties, provided that all of the conditions set forth in such Section have been satisfied.
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Related to Payments of Capital Contributions

  • Status of Capital Contributions (a) No Member shall receive any interest, salary or drawing with respect to its Capital Contributions or its Capital Account, except as otherwise specifically provided in this Agreement.

  • Return of Capital Contributions No Partner shall be entitled to withdraw any part of its Capital Contribution or its Capital Account or to receive any distribution from the Partnership, except as specifically provided in this Agreement. Except as otherwise provided herein, there shall be no obligation to return to any Partner or withdrawn Partner any part of such Partner’s Capital Contribution for so long as the Partnership continues in existence.

  • Return of Capital Contribution From time to time the Partnership may have cash in excess of the amount required for the conduct of the affairs of the Partnership, and the General Partner may, with the Consent of the Special Limited Partner, determine that such cash should, in whole or in part, be returned to the Partners, pro rata, in reduction of their Capital Contribution. No such return shall be made unless all liabilities of the Partnership (except those to Partners on account of amounts credited to them pursuant to this Agreement) have been paid or there remain assets of the Partnership sufficient, in the sole discretion of the General Partner, to pay such liabilities.

  • Interest on and Return of Capital Contributions No Member shall be entitled to interest on its Capital Contribution or to return of its Capital Contribution, except as otherwise specifically provided for herein.

  • Limitations on Return of Capital Contributions Notwithstanding any of the provisions of this Article 5, no Partner shall have the right to receive and the General Partner shall not have the right to make, a distribution that includes a return of all or part of a Partner’s Capital Contributions, unless after giving effect to the return of a Capital Contribution, the sum of all Partnership liabilities, other than the liabilities to a Partner for the return of his Capital Contribution, does not exceed the fair market value of the Partnership’s assets.

  • Capital Contributions Distributions 10 SECTION 5.1

  • Withdrawals of Capital No Partner may withdraw capital related to such Partner’s GP-Related Partner Interests from the Partnership except (i) for distributions of cash or other property pursuant to Section 5.8, (ii) as otherwise expressly provided in this Agreement or (iii) as determined by the General Partner.

  • Distributions of Cash (a) The Partnership shall distribute cash on a quarterly (or, at the election of the General Partner, more frequent) basis, in an amount determined by the General Partner in its sole and absolute discretion, to the Partners who are Partners on the Partnership Record Date with respect to such quarter (or other distribution period) in the following manner: (i) first, to the General Partner in an amount equal to the GP Minimum Return with respect to the fiscal year of the General Partner; (ii) second, to the Limited Partners pro rata among them in proportion to the their respective Unpaid Return, if any, owing to each such Limited Partners with respect to prior fiscal years, in an amount equal to their respective Unpaid Return for such prior fiscal years owing to each such Limited Partner; (iii) third, after the establishment of reasonable cash reserves to meet REIT Expenses and other obligations of the Partnership, as determined in the sole and absolute discretion of the General Partner, to the General Partner and the Limited Partners in such aggregate amount as may be determined by the General Partner in its sole and absolute discretion to be allocated among the General Partner and the Limited Partners such that each Limited Partner will receive an amount equal to its LP Return for such fiscal year; and (iv) finally, to the Partners in accordance with and in proportion to their respective Percentage Interests; provided, however, that if a new or existing Partner acquires an additional Partnership Interest in exchange for a Capital Contribution on any date other than a Partnership Record Date, the cash distribution attributable to such additional Partnership Interest relating to the Partnership Record Date next following the issuance of such additional Partnership Interest shall be reduced to the proportion thereof which equals (i) the number of days that such additional Partnership Interest is held by such Partner divided by (ii) the number of days between such Partnership Record Date and the immediately preceding Partnership Record Date. Notwithstanding the foregoing, however, the Original Limited Partner may, in its sole and absolute discretion, elect to defer any distribution to be made to it, in which case the amount so deferred shall be deemed to be an additional Capital Contribution made on behalf of the Original Limited Partner under Section 4.02(c) hereof, to be distributed to the Original Limited Partner upon liquidation of the Partnership under Section 5.06 hereof, or at such time as the Original Limited Partner may otherwise be allowed to withdraw from the Partnership after the Transfer Restriction Date.

  • Capital Contributions Persons seeking to become a Member shall be required to purchase or acquire Shares and make capital contributions in such forms and in such amounts and at such times as the Board may require, if any, in its sole discretion (any, a “Capital Contribution”) whereupon a capital account for a new Member will be established, and, if applicable, accreted, in the amount of such Member’s Capital Contribution or based upon the fair market value of property contributed, and the new Member shall be issued a number of Class A Ordinary Shares as determined by the Board, and the Board shall update Exhibit A attached hereto accordingly. The provisions of this Section 3.1 are solely intended for the benefit of the Members and, to the fullest extent permitted by law, shall not be construed as conferring any benefit upon any creditor of the Company (and no such creditor shall be a third-party beneficiary of this Agreement). The Members shall have no duty or obligation to any creditor of the Company to make any contribution to the Company.

  • Additional Funds and Capital Contributions .. 22 Section 4.4 Stock Option Plan................................... 23 Section 4.5 No Interest; No Return.............................. 24 Section 4.6 Conversion or Redemption of Preferred Shares........ 24

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