Common use of Apollo Clause in Contracts

Apollo. Type of Interests Number of Interests Contribution Value of Contribution ----------------- ------------------- ------------ --------------------- Class A 4,800 Cash $9,000,000 Interests New Valley: ----------- Type of Interests Number of Interests Contribution Value of Contribution ----------------- ------------------- ------------ --------------------- Class B 4,800 Expenditures $3,000,000 Interests as set forth in Section 2.4(c) Total for All ------------- Members 9,600 $12,000,000 -------

Appears in 1 contract

Sources: Limited Liability Company Agreement (New Valley Corp)

Apollo. Type of Interests Number of Interests Contribution Value of Contribution ----------------- ------------------- ------------ --------------------- Class A 4,800 10,000 Cash $9,000,000 18,750,000 Interests New Valley: ----------- Type of Interests Number of Interests Contribution Value of Contribution ----------------- ------------------- ------------ --------------------- Class B 4,800 10,000 Expenditures $3,000,000 6,250,000 Interests as set forth in Section 2.4(c) Total for All ------------- Members 9,600 $12,000,000 -------and Cash

Appears in 1 contract

Sources: Limited Liability Company Agreement (New Valley Corp)