Form of Contribution. The contribution of a member to the Company must be in cash or property, provided that if there is more than one member, all member(s) must consent in writing to contributions of property. To the extent there is more than one member, additional contributions in the same proportion shall be made by each member, except as may be approved by all member(s). A capital account shall be maintained for each member, to which contributions and profits shall be credited and against which distributions and losses shall be charged. At any time that there is more than one member, capital accounts shall be maintained in accordance with the tax accounting principles prescribed by the Treasury Regulations promulgated under Code Section 704 (the "Allocation Regulations"), so that the tax allocations provided in this Agreement shall, to the extent possible, have "substantial economic effect" within the meaning of the Allocation Regulations, or, if such allocations cannot have substantial economic effect, so that they may be deemed to be "in accordance with the member(s') interests in the Company" within the meaning of the Allocation Regulations.
Form of Contribution. Your contribution must be either a rollover contribution from an eligible inherited employer-sponsored retirement plan or a transfer contribution from an inherited Traditional IRA. Your rollover or transfer contribution may be in cash and/or property.
Form of Contribution. All contributions to the Xxxxxxxxx ESA Account must be in the form of “cash,” but contributions to a Xxxxxxxxx ESA are not deductible.
Form of Contribution. The contribution to the Company with respect to a Securityholder may, as determined by the Board of Directors in its discretion, be in cash or other legal consideration.
Form of Contribution. (a) The contribution of a member to the Company must be in cash or property, provided that if there is more than one member, all member(s) must consent in writing to contributions of property. To the extent there is more than one member, additional contributions in the same proportion shall be made by each member, except as may be approved by all member(s). No member is required to make any contribution of property or money to the Company in excess of the property or money it has agreed to contribute to the Company. The Member shall be required to make a contribution in connection with its admission pursuant to Section 3.1 hereof in the amount of $100.00, effective February 17, 2004.
(b) At any time that there is more than one member, a capital account shall be maintained for each member, to which contributions and profits shall be credited and against which distributions and losses shall be charged. Such capital accounts shall be maintained in accordance with the tax accounting principles prescribed by the Treasury Regulations (the "Allocation Regulations") promulgated under Section 704 of the Internal Revenue Code of 1986, as amended (the "Code"), so that the tax allocations provided in this Agreement shall, to the extent possible, satisfy the "alternate economic effect test" within the meaning of the Allocation Regulations.
Form of Contribution. 15 Section 4.2 Contributions with Respect to the Common Securityholders.. 15 Section 4.3 Contributions with Respect to the Preferred Securityholders........................................... 15 Section 4.4 Allocation of Profits and Losses.......................... 15 Section 4.5 Withholding............................................... 16 Section 4.6 Securities as Personal Property........................... 16
Form of Contribution. The contribution to the Company by a Securityholder shall be in cash.
Form of Contribution. The contribution of a member to the Company must be in cash or property, provided that if there is more than one member, all member(s) must consent in writing to contributions of property. To the extent there is more than one member, additional contributions in the same proportion shall be made by each member, except as may be approved by all member(s).
Form of Contribution. The contribution of a Member to the Company may, as determined by the Manager in its discretion, be in cash, a promissory note or other legal consideration.
Form of Contribution. Contribution of partners may be tangible, intangible, moveable or immoveable properties, or in the form of contract of service etc. However, if the partners agree to accept contribution in a form other than money, the amount attributable to it shall be valued by an approved valuer, as provided under the LLP Act, 2008 or rules made thereunder.
