Xxxxxxx’x Initial Capital Contributions Sample Clauses

Xxxxxxx’x Initial Capital Contributions. Xxxxxxx has previously contributed to the Company 100% of the membership interests in Xxxxxxx Properties - One Cal Plaza, LLC, a Delaware limited liability company (the “OCP Project Level Entity”). Pursuant to the Xxxxxxx Contribution Agreement, Xxxxxxx has contributed to the Company, as additional Capital Contributions, the Xxxxxxx Contributed Projects (by contribution of all of the interests in the related Project Level Entities, as set forth on Exhibit B) and cash (collectively with the OCP Project Level Entity, the “Xxxxxxx Initial Capital Contributions”). The value which has been allocated to the Xxxxxxx Initial Capital Contributions is the sum of the amount of cash contributed and the gross value of such Projects, as set forth on Exhibit B. less mortgage debt secured by such Projects.
Sample 1
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Xxxxxxx’x Initial Capital Contributions. Xxxxxxx has previously contributed to the Company 100% of the membership interests in Xxxxxxx Properties - One Cal Plaza, LLC, a Delaware limited liability company (the “OCP Project Level Entity”). Pursuant to the Xxxxxxx Contribution Agreement, Xxxxxxx has or shall contribute to the Company, as additional Capital Contributions, the Xxxxxxx Contributed Projects (by contribution of all of the interests in the related Project Level Entities, as set forth on Exhibit B) and may contribute cash (collectively with the OCP Project Level Entity, the “Xxxxxxx Initial Capital Contributions”). If any of the closing statements under the Xxxxxxx Contribution Agreement or the MOF Contribution Agreements indicate that there is a net amount due from the Company (whether as a result of prorations or adjustments, or as a result of fees or expenses payable to third parties by the Company pursuant to such agreements), then Xxxxxxx shall contribute to the Company, an amount equal to 20% of the aggregate of such net amounts, which contributions shall also be considered Xxxxxxx Initial Capital Contributions. The value which is being allocated to the Xxxxxxx Initial Capital Contributions is the sum of the amount of cash contributed and the gross value of such Projects, as set forth on Exhibit B, less mortgage debt secured by such Projects.
Sample 1

Related to Xxxxxxx’x Initial Capital Contributions

  • Initial Capital Contributions (a) The Partners have made, on or prior to the date hereof, Capital Contributions and, in exchange, the Partnership has issued to the Partners the number of Class A Units as specified in the books and records of the Partnership.

  • Initial Capital Contribution On March 7, 2007, the Member made a capital contribution of One Hundred Dollars ($100.00) to the Company, and, as consideration therefor, the Member received a percentage interest of One Hundred Percent (100%) in the Company.

  • Additional Capital Contributions No Member shall be required to make additional capital contributions. A Member may make additional capital contributions to the Company.

  • 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.

  • Members Capital Contributions (a) Initial Capital Contribution. The initial Capital Contribution described on Schedule 1 (the “Property”) was made by the previous Member.

  • Subsequent Capital Contributions Without creating any rights in favor of any third party, each Member shall contribute to the Company, in cash, on or before the date specified as hereinafter described, that Member's Sharing Ratio of all monies that in the unanimous judgment of the Management Committee are necessary to enable the Company to acquire the Project from the Seller and to cause the assets of the Company to be properly operated and maintained and to discharge its costs, expenses, obligations, and liabilities, including without limitation its Sharing Ratio of the purchase price set forth in the Asset Sale Agreement, and its Sharing Ratio of Working Capital Requirements in order to bring current Company bank accounts to an amount equal to the Working Capital Requirements, as more particularly described in Section 5.01 below. The Management Committee shall notify each other Member of the need for Capital Contributions pursuant to this Section 4.02 when appropriate, which notice must include a statement in reasonable detail of the proposed uses of the Capital Contributions and a date (which date may be no earlier than the fifth Business Day following each Member's receipt of its notice) before which the Capital Contributions must be made. Notices for Capital Contributions must be made to all Members in accordance with their Sharing Ratios.

  • 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.

  • Initial Capital Contribution and Ownership The Trust Beneficial Owner has paid or has caused to be paid to, or to an account at the direction of, the Trustee, on the date hereof, the sum of $15 (or, in the case of Notes issued with original issue discount, such amount multiplied by the issue price of the Notes). The Trustee hereby acknowledges receipt in trust from the Trust Beneficial Owner, as of the date hereof, of the foregoing contribution, which shall be used along with the proceeds from the sale of the series of Notes to purchase the Funding Agreement. Upon the creation of the Trust and the registration of the Trust Beneficial Interest in the Securities Register (as defined in the Trust Agreement) by the Registrar in the name of the Trust Beneficial Owner, the Trust Beneficial Owner shall be the sole beneficial owner of the Trust.

  • No Additional Capital Contributions Except as otherwise provided in this Article V, no Partner shall be required to make additional Capital Contributions to the Partnership without the consent of such Partner or permitted to make additional capital contributions to the Partnership without the consent of the General Partner.

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