Each Member s Capital Account shall be decreased by:
Each Member has made a Capital Contribution in cash to the Company as set forth on Schedule A attached hereto. Except as set forth in Section 8.2, no Member shall make any additional Capital Contributions to the Company without the prior approval of a Majority-in-Interest of the Members. No Member shall be obligated to make any additional Capital Contributions to the Company. In particular, no Member shall be obligated to make any Capital Contribution to restore any deficit balance in such Member's Capital Account. No interest shall be paid on any Capital Contributions.
Each Member s share of Distributable Cash for the Calendar Year shall equal the sum of the Member's Shares of Daily Distributable Cash for all days during the Calendar Year.
Examples of Each Member in a sentence
Each Member further undertakes to be individually liable for the performance of its part of the obligations without in any way limiting the scope of collective liability envisaged in this Agreement.
Each Member which has ratified this Convention and which does not, within the year following the expiration of the period of ten years mentioned in the preceding paragraph, exercise the right of denunciation provided for in this Article, will be bound for another period of ten years and, thereafter, may denounce this Convention at the expiration of each period of ten years under the terms provided for in this Article.
Each Member claiming benefits under this plan must give KFHPWA any facts it needs to apply those rules and determine benefits payable.
Each Member State is required to maintain an updated register of regulated markets authorized by it.
Each Member, on behalf of itself and its successors and assigns, expressly waives any right to have the Company assets partitioned.
More Definitions of Each Member
Each Member shall provide the legal means for interested parties to prevent use of a geographical indication identifying wines for wines not originating in the place indicated by the geographical indication in question or identifying spirits for spirits not originating in the place indicated by the geographical indication in question, even where the true origin of the goods is indicated or the geographical indication is used in translation or accompanied by expressions such as "kind", "type", "style", "imitation" or the like.[4]
Each Member s percentage interest ("Percentage Interest") is as set forth in Schedule A hereto, subject to adjustment as provided in Section 4.1(b) of this Agreement.
Each Member s Capital Commitments represent, in the aggregate, the maximum amount of cash and/or property that such Member has agreed to contribute to the Company in accordance with the terms hereof, and no Member shall be obligated to contribute cash and/or property to the Company in any amount in excess of such Member's aggregated Capital Commitments. The initial Members currently agree that the aggregate of all Capital Commitments for the Initial Term shall not exceed *** for each Member without further written agreement of the Members.
Each Member s Capital Account shall be decreased by the amount of such Member's distributive share of Net Loss and each item of Company loss and deduction and expenditures that are specially allocated to such Member (or such Member's predecessor in interest) pursuant to Section 6.1.
Each Member s Contributions when made shall be credited to such Member's Capital Account. The Capital Account of each Member shall, except as otherwise provided herein, be: (i) credited with the amount of cash and the fair market value of any property contributed to the Company by such Member (net of liabilities secured by such contributed property that the Company is considered to assume or take subject to under Section 752 of the Code), (ii) credited with the amount of any item of taxable income or gain and the amount of any item of income or gain exempt from tax allocated to such Member for federal income tax purposes, (iii) debited by the amount of any item of deduction or loss allocated to such Member for federal income tax purposes, (iv) debited by such Member's allocable share of expenditures of the Company not deductible in computing the Company's taxable income and not properly chargeable as capital expenditures, including any nondeductible book amortization of capitalized costs, and (v) debited by the amount of cash or the fair market value of any property distributed to such Member (net of liabilities secured by such distributed property that such Member is considered to assume or take subject to under Section 752 of the Code). Immediately prior to any distribution of property by the Company, the Members' Capital Accounts shall be adjusted, as required by Treasury Regulation 1.704-l(b)(2).
Each Member s current Capital Account balance is set forth in Exhibit C) in accordance with the following:
Each Member has been given access to information requested by such Member regarding the Buyer, including the opportunity to ask questions of and receive answers from the officers of the Buyer concerning the present and proposed activities of the Buyer and to obtain the information which such Member deems necessary or advisable in order to evaluate the merits and risks of the transactions contemplated by this Agreement, and each Member has made his or its own independent investigation of the Buyer and the merits and risks of the transactions contemplated by this Agreement.