Prior Contributions. Prior to the date hereof, the General Partner made certain Capital Contributions to the Partnership in exchange for an interest in the Partnership and has been admitted as the General Partner of the Partnership, and the Initial Limited Partners made certain Capital Contributions to the Partnership in exchange for an interest in the Partnership and have been admitted as Limited Partners of the Partnership.
Prior Contributions. (a) In connection with formation of the Partnership, the General Partner made certain Capital Contributions to the Partnership in exchange for a 0.01% General Partner interest in the Partnership and was admitted as the General Partner of the Partnership, and each of DFI and Xxx Xxxxxx LLC made certain Capital Contributions to the Partnership in exchange for a 95.0% Limited Partner Interest and a 4.99% Limited Partner Interest, respectively, in the Partnership and were each admitted as a Limited Partner of the Partnership.
Prior Contributions. The Target Benefit shall be reduced by the contributions previously made by the Corporation plus the following assumed rate of earnings:
Prior Contributions. In connection with the formation of the Company under the Delaware Act, the Managing Member contributed $1,000 to the Company and was admitted as the sole Member of the Company.
Prior Contributions. Prior to the date hereof, the Limited Partner and the General Partner, or their predecessors, have made capital contributions to the Partnership.
Prior Contributions. On the Closing Date, pursuant to the Conveyance Agreement, the prior general partners contributed and transferred to the Partnership a 98.9899 percentage interest in the Intermediate Partnership in exchange for continuation of each general partner’s Percentage Interest as a general partner in the Partnership and for the other Partnership Securities specified in the Conveyance Agreement. Since the Closing Date, the Partnership has issued other Partnership Securities (including the Class B Units), and the subordinated units that were originally issued on the Closing Date have converted into Common Units. In addition, pursuant to and as of the date of the IP Restructuring Agreement, OILP GP, LLC has become the general partner of the Intermediate Partnership and owns a 0.01% general partner interest in the Intermediate Partnership and the general partner interest in the Intermediate Partnership held by OPGP was converted into a limited partner interest in the Intermediate Partnership and contributed to the Partnership in consideration for an increase to 2.0% in the General Partner Percentage Interest held by OPGP. As of the date of this Agreement, the only outstanding Partnership Securities are Common Units, Class B Units and the General Partner Percentage Interest.
Prior Contributions. Prior to the date hereof, the Members, or their predecessors, have made capital contributions to the Company’s predecessor.
Prior Contributions. As of the Effective Date, the Members listed on Schedule II have made Capital Contributions to the Company in exchange for Preferred Units as set forth opposite such Member’s name in Schedule II.
Prior Contributions. 9 5.2 Continuation of General Partner and Limited Partner Interests; Initial Offering; Issuance of Class A Special Units; Contributions by the General Partner......................................10 5.3 Contributions by the Underwriters.....................................10 5.4
Prior Contributions. The Members acknowledge that each Member has made, as of the date of this Agreement, capital contributions equal to its Proportionate Share of the total of each category of capital contributions required to be made by the Members as of the data of this Agreement, as set forth on Exhibit A attached hereto (the “Initial Capital Contributions”); provided, it is acknowledged by the Members that the reconciliation of the Members’ respective prior expenses, and the provision of substantiation for such expenses to the other Members, has only been completed as of the date of this Agreement. Accordingly, the Member that, as a result of such reconciliation, is required to make a payment hereby covenants and agrees to make such payment in current funds within fifteen (15) days following the date hereof. In addition to the Initial Capital Contributions by each Member, Beazer is contributing to the Company contemporaneously herewith all of its Contract Rights, which contribution of Contract Rights shall be effective automatically upon its execution of this Agreement, without the necessity of any additional instrument of assignment or transfer. The Members agree that the contribution of the Contract Rights shall have a zero value and no amount shall be credited to Beazer’s Capital Account by reason of the contribution of the Contract Rights. Additionally, Centex is contributing to the Company contemporaneously herewith all of its Contract Rights, which contribution of Contract Rights shall be effective automatically upon its execution of this Agreement, without the necessity of any additional instrument of assignment or transfer. The Members agree that the contribution of the Contract Rights shall have a zero value and no amount shall be credited to Centex’s Capital Account by reason of the contribution of the Contract Rights. All goods and services furnished under the Service Contracts shall have been paid for in full, all such payments being included within the Initial Capital Contributions referenced above.
