Original Capital definition
Examples of Original Capital in a sentence
You shall prepare a final list of all persons whose tenders were accepted, the aggregate liquidation amount of Original Capital Securities tendered, the aggregate liquidation amount of Original Capital Securities accepted and deliver said list to the Trust promptly after the Expiration Date.
No Limited Partner shall be obligated to provide any contributions to the Partnership other than the Original Capital Contribution (as defined in Section 9.02 below) of such Limited Partner.
Without limitation to the foregoing, the parties hereto expressly agree that no holder of Original Capital Securities or Exchange Capital Securities shall have any right, benefit or remedy of any nature whatsoever under or by reason of this Agreement.
As Exchange Agent, Bankers Trust will perform those services as are outlined herein, including accepting tenders of Original Capital Securities, and communicating generally regarding the Exchange Offer with brokers, dealers, commercial banks, trust companies and other persons, including Holders of the Original Capital Securities.
The General Partner hereby consents to the contribution by Assignor after the date hereof, as an affiliate of the Limited Partners and for the Original Capital Contributions of the Limited Partners, of the Canada Assets, all of which are set forth on Schedule 2 attached hereto, and acknowledges that no special charge shall be assessed against either Limited Partner in respect of such asset contribution.
The Original Capital Contribution of each Partner consists of the contributions of cash and Property made by such Partner pursuant to the terms of the Prior Partnership Agreement prior to January 1, 1996.
From and after the date hereof, references to “Financial Interests” in the Shareholders’ Agreement shall mean, as the context requires, (i) the Financial Interests held by the Shareholders from time to time in the Original Capital Commitments, and (ii) the Financial Interests held by the Shareholders from time to time in the MCE Follow On Commitment.
Simultaneously with the execution of this Agreement, each Partner shall make an Original Capital Contribution in the amount of fifty thousand dollars ($50,000.00) in cash, except that each of MVH and Associates shall be given a credit toward that contribution equivalent to such reasonable expenses as such Partner shall have incurred or assumed (either directly or through any of its shareholders acting on its behalf) in the development of the Facility prior, to the Commencement Date.
It is the intention of the Members that the Original Capital Contributions of the Members to the Company shall have been deemed to be made in accordance with the provisions of Section 721 of the Code.
A Member shall be in default under this Agreement if the Member (“Defaulting Member”) does not timely make the capital contributions contemplated by this Agreement when required (whether such capital contribution is an Original Capital Contribution or an Additional Capital Contribution).