Capital Contributions; Percentage Interests. 6.1. Simultaneously with the execution and delivery of this Agreement the Members are making the following contributions to the capital of the Company:
Capital Contributions; Percentage Interests. No Partner shall have the obligation to make any additional capital contribution to the Partnership. The Percentage Interests of the Partners are set forth on Schedule I, as such schedule may be updated, amended, supplemented or restated from time to time.
Capital Contributions; Percentage Interests. ...............................................8 3.1. GENERAL PARTNER..............................................................................8 3.2. LIMITED PARTNERS.............................................................................8 3.3. NO INTEREST..................................................................................9 3.4. LOANS FROM PARTNERS.........................................................................10 3.5. ADDITIONAL CONTRIBUTIONS....................................................................10 ARTICLE 4.
Capital Contributions; Percentage Interests. Section 5.1.
Capital Contributions; Percentage Interests. (a) The capital of the LLC shall consist of the assets listed on Schedule A, attached hereto.
Capital Contributions; Percentage Interests. (a) Pursuant to ------------------------------------------- the Contribution Agreement, OC has transferred or caused to be transferred to the Company the Assets, subject to the Assumed Liabilities (the "OC Contribution"). For purposes of this Agreement, after taking into account the NAV Payment (as finally adjusted), the net fair market value of the assets of the Company shall be $650 million. After taking into account for Capital Account purposes (i) the OC Contribution and all other transactions and payments provided for in the Contribution Agreement, (ii) the sale of the 51% Interest to AGY and (iii) the special distributions described in Sections 4.7(b)(i) and 4.7(b)(ii), it is the intention of the Owners that the initial relative balances in their respective Capital Accounts will be in strict proportion to their initial Percentage Interests.
Capital Contributions; Percentage Interests. Section 0.0.
Capital Contributions; Percentage Interests. As of the date hereof, the Members have the capital accounts set forth on Exhibit A attached hereto and are granted the Percentage Interests set forth on Exhibit A. Without any further action by the Members or by the Board, Exhibit A shall be appropriately amended to reflect changes to the Percentage Interests of the Members as new Members are admitted and as the Percentage Interests of existing Members are changed pursuant to the terms and conditions of this Agreement. Notwithstanding the foregoing, in no event shall the Percentage Interests be adjusted to reflect any additional capital contributions by the Enterprise Member. Except as unanimously approved by the Board as provided in Section 4.5(k) hereof, the Members shall have no right or obligation to make any further capital contributions to the Company.
Capital Contributions; Percentage Interests. Immediately prior to the Merger the Members own the following percentage interests in the Company and the following numbers of Units: Percentage Number of Member Name Interest Units Class -------- -------- ---------- ------- Xxxx Xxxxxxxx 51.140% 3,895,211 Class A Xxxx X. Xxxxxxxx 44.606% 3,397,537 Class B Xxxx Xxxxxxxx and Xxxxxxx Xxxxxx as Co-Trustees for the Xxxxxxxxx X. 1.418% 108,000 Class C Torrance Trust Xxxx Xxxxxxxx and Xxxxxxx X. Xxxxxx as Co- Trustees for the Xxxxxxxx X. 1.418% 108,000 Class C Torrance Trust Xxxx Xxxxxxxx and Xxxxxxx X. Xxxxxx as Co- Trustees for the 1.418% 108,000 Class C Xxxxxx X. -------- --------- Torrance Trust TOTALS 100.000% 7,616,748 Effective upon consummation of the Merger, the number of Units held by the Members shall be automatically and proportionately adjusted, in accordance with the ratio for exchange of shares of PhotoDisc, Inc. into shares of Getty Images in the Merger, so as to represent the aggregate number of shares and warrants of Getty Images received by the Company in the Merger.
Capital Contributions; Percentage Interests. The Members shall make initial aggregate capital contributions to the Company totaling $1000 in the following proportions (“Percentage Interests”): Member Percentage Interest Xxxxxxx X. Xxxx 50% Xxxxx Xxxxx Xxxx 50% The Members may make additional capital contributions to the Company at the times and in the aggregate amounts determined by the Managing Member, which contributions shall be reflected in the Members’ Percentage Interests.
