Time of Adjustment for Capital Contributions. For purposes of computing the balance in a Member's Capital Account, no credit shall be given for any Capital Contribution which such Member is to make until such contribution is actually made. "Capital Contribution" refers to the total amount of cash and the agreed fair market value (net of liabilities) contributed to the LLC by that Member and any subsequent contributions of cash and the agreed fair market value (net of liabilities) of any other property subsequently contributed to the LLC by that Member.
Appears in 3 contracts
Samples: Limited Liability Company Operating Agreement (G&l Realty Corp), Company Operating Agreement (Kennedy Wilson Inc), Limited Liability Company Operating Agreement (Tsecrp Inc)
Time of Adjustment for Capital Contributions. For purposes of computing the balance in a Memberthe member's Capital Account, no credit shall be given for any Capital Contribution which such the Member is to make until such contribution is actually made. "Capital Contribution" refers to the total amount of cash and the agreed fair market value (net of liabilities) contributed to the LLC by that the Member and any subsequent contributions of cash and the agreed fair market value (net of liabilities) of any other property subsequently contributed to the LLC by that the Member.
Appears in 2 contracts
Samples: Company Agreement (Citi TeeVee LLC), Company Agreement (Citi TeeVee LLC)
Time of Adjustment for Capital Contributions. For purposes -------------------------------------------- of computing the balance in a Member's Capital Account, no credit shall be given for any Capital Contribution which such Member is to make until such contribution is actually made. "Capital Contribution" refers to the total amount of cash and the agreed fair market value (net of liabilities) contributed to the LLC by that Member and any subsequent contributions of cash and the agreed fair market value (net of liabilities) of any other property subsequently contributed to the LLC by that Member.
Appears in 1 contract
Samples: Limited Liability Company Operating Agreement (Demattos Carlos D)
Time of Adjustment for Capital Contributions. For purposes of -------------------------------------------- computing the balance in a Member's Capital Account, no credit shall be given for any Capital Contribution which such Member is to make until such contribution is actually made. "Capital Contribution" refers to the total amount of cash and the agreed fair market value (net of liabilities) contributed to the LLC Company by that Member and any subsequent contributions of cash and the agreed fair market value (net of liabilities) of any other property subsequently contributed to the LLC Company by that Member.
Appears in 1 contract
Samples: Limited Liability Company Operating Agreement (Image Entertainment Inc)
