Capital Contribution Amount Sample Clauses
The Capital Contribution Amount clause defines the specific sum of money or assets that each party is required to contribute to a business, partnership, or joint venture. This clause typically outlines the timing, form (such as cash, property, or services), and method of these contributions, and may specify consequences for failure to contribute as agreed. By clearly establishing each party's financial commitment, the clause ensures transparency, prevents disputes over funding obligations, and provides a foundation for determining ownership interests or profit-sharing ratios.
Capital Contribution Amount. Pursuant to the Partnership Agreement, on the Closing Date Contributor will be credited with having made a “Capital Contribution” (as defined in the Partnership Agreement) in an amount (the “Capital Contribution Amount”) equal to (i) the “Gross Asset Value” (as defined in the Partnership Agreement) of the Property, less (ii) the amount of all of the liabilities of the Company and any other liabilities encumbering the Property as of the Closing Date, and (iii) as further adjusted as provided in Section 5.1 with respect to prorations and closing expenses. The Capital Contribution Amount will be set forth on the settlement statement executed by the Partnership and Contributor on the Closing Date (subject to post-closing adjustment as provided herein).
Capital Contribution Amount. AUC covenants in favour of the Borrower and the Agent (on behalf of the Banks) that it will pay to the Borrower (in accordance with this clause 5) the following amounts ("Capital Contribution Amounts") on or before the following dates: Date Amount 31 March 2000 $1,000,000 31 December 2000 $5,000,000