Schedule of Capital Contribution Sample Clauses

Schedule of Capital Contribution. The9 shall complete its Capital Contribution, by wire transfer of immediately available funds to the JV, in three installments in equal amount as follows: (a) The first installment in the amount of US$200 million shall be contributed within two (2) months (subject to an extension for one (1) month at the option of The9) after the date of this Agreement (the “First Installment”); provided that the JV shall have been formed pursuant to Section 2.01 before The9 is required to contribute the First Installment; provided further that US$5 million of the First Installment will be deposited by The9 with F&F, by wire transfer of immediately available funds to an account designated by F&F, within seven (7) Business Days (and in any event no later than 5:00 pm on April 2, 2019, Los Angeles time) after the date of this Agreement (the “Initial Deposit”), which Initial Deposit shall be refunded by F&F to The9 if the United States Securities and Exchange Commission does not declare the effectiveness of the offering documents to be submitted or filed by The9 Limited for purposes of raising funds to be used solely for the Capital Contribution within four (4) months after such submission or filing of the offering documents by The9 Limited; provided however that except as set forth in this Section 3.02(a), the Initial Deposit shall be non-refundable and shall be converted into Class B ordinary shares of Smart King at the Conversion Price in accordance with Section 4.11 in the event that the First Installment is not contributed by The9 within three months after the date of this Agreement; (b) The second installment in the amount of US$200 million (the “Second Installment”) shall be contributed within two (2) months (subject to an extension for one (1) month at the option of The9) after the JV’s receipt of evidence regarding a definitive funding arrangement by a local government in China (including the Moganshan local government) with respect to the Properties or another piece of land, as applicable, under which such local government in China (including the Moganshan local government) shall have agreed to provide financial support to the JV or its Subsidiary that has the right to use the Properties or another piece of land, as applicable (the “Second Installment Milestone Event”); provided that a Second Installment Milestone Event shall have been completed within four and a half months after the JV’s receipt in full of the First Installment in cash; and (c) The third installme...
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Schedule of Capital Contribution. 第 2 条：投資のスケジュール
Sample 1
Schedule of Capital Contribution. 13.1 Subject to the provisions of Article 12.2, each Party shall make its required contribution to the registered capital in two installments: The first installment which amounts to fifty percent (50%) of each Party’s subscribed contribution shall be made within sixty (60) days as of the Establishment Date. Party A will make the first installment of contribution in kind in accordance with the Assets Contribution Agreement, and the contribution will be appraised by a PRC appraisal institution acceptable to both Parties. The deficiency between the valuation and the first installment will be contributed by Party A in cash; any surplus will be purchased by the Joint Venture. Party B will make the contribution in USD in cash. The second installment which amounts to the remaining fifty percent (50%) of each Party’s subscribed contribution shall be made within two (2) years from the Establishment Date. Party A will make the contribution in RMB in cash and Party B will make the contribution in USD in cash. The contribution date of the second installment of the Parties will be determined at any time by the unanimous approval of the Board. 13.2 Each Party’s contribution to the registered capital shall be made simultaneously. In the event that a Party fails to make its capital contribution on the due date, the other Party shall have the right to claim liquidated damages from such Party in such amount calculated at the rate of zero point zero three percent (0.03%) per day with a maximum of three percent (3%) of the overdue amount for such period from the due date to the actual date of contribution. If a Party fails to make its capital contribution in accordance with this Article 13 for more than ninety (90) days, then the other Party shall be entitled to terminate this Contract and request return of any contribution it has made to the Joint Venture without prejudice of its right to claim for the liquidated damages.
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Related to Schedule of Capital Contribution

  • 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.

  • 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.

  • Members Capital Contributions a) Single-Member Capital Contributions (Applies ONLY if Single-Member): The Member may make such capital contributions (each a “Capital Contribution”) in such amounts and at such times as the Member shall determine. The Member shall not be obligated to make any Capital Contributions. The Member may take distributions of the capital from time to time in accordance with the limitations imposed by the Statutes. b) Multi-Member (Applies ONLY if Multi-Member): The Members have contributed the following capital amounts to the Company as set forth below and are not obligated to make any additional capital contributions:

  • Member Capital Contributions (Check One)

  • 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.

  • Initial Capital Contribution The initial Capital Contribution of the Original Member as of the date of this Agreement will be $ .

  • Additional Funds and Capital Contributions 30 SECTION 4.4 NO INTEREST; NO RETURN................................................................... 31 SECTION 4.5 NOTE DEFICIENCY CAPITAL CONTRIBUTION..................................................... 31

  • Capital Contribution Capital Contribution" means any contribution to the capital of the Company in cash or property by the Sole Member pursuant to Article V.

  • 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.

  • Member and Capital Contribution The name and the business address of the Member and the amount of cash or other property contributed or to be contributed by the Member to the capital of the Company are set forth on Schedule A attached hereto and shall be listed on the books and records of the Company. The managers of the Company shall be required to update the books and records, and the aforementioned Schedule, from time to time as necessary to accurately reflect the information therein. The Member shall not be required to make any additional contributions of capital to the Company, although the Member may from time to time agree to make additional capital contributions to the Company.

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