Use of Capital Contributions and Loans Sample Clauses

Use of Capital Contributions and Loans. All Capital Contributions and proceeds of any Company borrowings made pursuant to this Agreement shall be used and applied only for a Company purpose as determined by the Manager.
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Use of Capital Contributions and Loans. The Initial Capital ------------------------------------------ Contributions of the Partners, all proceeds of Partnership borrowings, and any Additional Capital Contributions or General Partner's Loans made pursuant to this Agreement, shall be used to change and convert the business premises of the Business to the General Partner's "Fxxxxxxx'x Seafood Bar and Grill" restaurant concept and as working capital.
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Use of Capital Contributions and Loans. The Capital Contributions of the Members, all proceeds of Company borrowings, and any Additional Capital Contributions and Members' Loans made pursuant to this Agreement shall be used and applied for any Company purpose as determined by the Management Committee or as expressly provided for elsewhere herein.
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Use of Capital Contributions and Loans. The initial Capital Contributions of the Partners, all proceeds of Partnership borrowings, and any additional Capital Contributions and loans by Partners pursuant to this Agreement shall be used and applied only for any Partnership purpose as determined by the General Partner.
Sample 1
Use of Capital Contributions and Loans. All Capital Contributions and proceeds of any Partnership borrowings made pursuant to this Agreement shall be used and applied only for any Partnership purpose as determined by the General Partner.
Sample 1
Use of Capital Contributions and Loans. The Initial Capital Contributions of the Partners, all proceeds of Partnership borrowings, and any Additional Capital Contributions or General Partner's Loans made pursuant to this Agreement, shall be used to change and convert the business premises of the Business to the General Partner's "Piranha Pat's II" restaurant concept and as working capital. 3.5 Additional Capital Contributions and General Partner's Loans.
Sample 1
Use of Capital Contributions and Loans. The Capital Contributions of the Members, all proceeds of Company borrowings, and any Additional Capital Contributions made pursuant to this Agreement shall be used and applied only for the Company purpose set forth in Section 1.2 hereof or as otherwise determined and agreed to by all of the Members.
Sample 1
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Related to Use of Capital Contributions and Loans

  • 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.

  • 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 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.

  • Capital Contributions and Accounts ..................................................12 4.01 Capital Contributions.............................................................12 4.02 Additional Capital Contributions and Issuance of Additional Partnership Interests.........................................................................12 4.03

  • Capital Contributions and Capital Accounts (a) The value of the interests contributed by the Class A Certificateholders and the Class I Certificateholders shall equal the amount paid by such Certificateholders for such interests, respectively, and such amounts shall constitute the opening balance in their Capital Accounts (as hereinafter defined). The value of the interests contributed by the Class IC Certificateholder shall equal the fair market value of the Receivables contributed to the Tax Partnership less the value attributed to the Class A Certificateholders and the Class I Certificateholders, as described above. Such amount shall constitute the opening balance in the Class IC Certificateholder's Capital Account.

  • Capital Contributions Capital Accounts The capital contribution of the Sole Member is set forth on Annex A attached hereto. Except as required by applicable law, the Sole Member shall not at any time be required to make additional contributions of capital to the Company. The capital accounts of the members shall be adjusted for distributions and allocations made in accordance with Section 8.

  • Capital Contributions Distributions 17 TABLE OF CONTENTS (continued)

  • 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 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.

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