Capital Contribution by the Member Sample Clauses

Capital Contribution by the Member. The Member has made a contribution of capital to the Company on the date hereof in the amount of $100.00 in exchange for the 100% interest in the Company’s assets, liabilities, capital, profits (or losses) and management and voting rights set forth opposite the Member’s name therein. The Member shall not be obligated to make any further capital contributions to the Company and the membership interests of the Company held by the Member shall not be assessable by the Company.
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Capital Contribution by the Member. The Member has contributed to the Company on the date hereof, by delivery of a counterpart of a Bill xx Sale, Assignment and Assumption Agreement providing for the sale and transfer of certain assets and liabilities to the Company for less than the fair market value of such assets (net of such liabilities); such difference shall be treated as a contribution to capital by the Member. The Member shall not be obligated to make any further capital contributions to the Company and the Membership Units shall not be assessable by the Company.
Sample 1
Capital Contribution by the Member. The Member has entered into an Agreement and Plan of Merger (the "MERGER AGREEMENT"), dated as of October 26, 2001, among the Member, the Company and DJ Acquisition Corporation (the "MERGER SUB") pursuant to which the Merger Sub was merged with and into the Company (the "Merger") and the previous holders of units of the Company received shares of the Member's capital stock in exchange for their membership interests in the Company; such amounts distributed by the Member to the previous holders of membership units of the Company shall be treated as a capital contribution. By virtue of the Merger Agreement, the Member became the sole holder of Membership Interests and shall be deemed to have made a capital contribution to the Company
Sample 1

Related to Capital Contribution by the Member

  • Capital Contributions Persons seeking to become a Member shall be required to purchase or acquire Shares and make capital contributions in such forms and in such amounts and at such times as the Board may require, if any, in its sole discretion (any, a “Capital Contribution”) whereupon a capital account for a new Member will be established, and, if applicable, accreted, in the amount of such Member’s Capital Contribution or based upon the fair market value of property contributed, and the new Member shall be issued a number of Class A Ordinary Shares as determined by the Board, and the Board shall update Exhibit A attached hereto accordingly. The provisions of this Section 3.1 are solely intended for the benefit of the Members and, to the fullest extent permitted by law, shall not be construed as conferring any benefit upon any creditor of the Company (and no such creditor shall be a third-party beneficiary of this Agreement). The Members shall have no duty or obligation to any creditor of the Company to make any contribution to the Company.

  • Members Capital Contributions Each Member shall contribute the amount as pledged, or as determined by the Manager and the Member, as the Member’s Initial Capital Contribution upon not less than 48 hours’ notice by the Manager. An Exhibit A may be amended from time to time by the Manager in its sole discretion to represent the current state of Capital Contributions by Members who may join to this Operating Agreement during the course of the business of the Company. The Manager may instead maintain the Capital Contributions, capital accounts and names of Members using its own office systems and personnel without updating or attaching an Exhibit A to this Operating Agreement.

  • Initial Capital Contribution The initial Capital Contribution of the Original Member as of the date of this Agreement will be $ .

  • Additional Capital Contributions No Member shall be required to make additional capital contributions. A Member may make additional capital contributions to the Company.

  • Capital Contribution Capital Contribution" means any contribution to the capital of the Company in cash or property by the Sole Member pursuant to Article V.

  • Member Capital Contributions (Check One) ☐ - Single Member LLC: The Member may make such capital contributions (each a “Capital Contribution”) in such amounts and at such times as the Member shall determine. The Member shall not be obligated to make any Capital Contributions. The Member may take distributions of the capital from time to time in accordance with the limitations imposed by the Statutes. ☐ - Multi-Member LLC: Each Member has contributed the following capital amounts to the Company as set forth below and are not obligated to make any additional capital contributions: $ $ $ Members shall have no right to withdraw or reduce their contributions to the capital of the Company until the Company has been terminated unless otherwise set forth herein. Members shall have no right to demand and receive any distribution from the Company in any form other than cash and members shall not be entitled to interest on their capital contributions to the Company. The liability of any Member for the losses, debts, liabilities and obligations of the Company shall be limited to the amount of the capital contribution of each Member plus any distributions paid to such Member, such Member’s share of any undistributed assets of the Company; and (only to the extent as might be required by applicable law) any amounts previously distributed to such Member by the Company.

  • No Additional Capital Contributions Except as otherwise provided in this Article V, no Partner shall be required to make additional Capital Contributions to the Partnership without the consent of such Partner or permitted to make additional capital contributions to the Partnership without the consent of the General Partner.

  • Member and Capital Contribution The name and the business address of the Member and the amount of cash or other property contributed or to be contributed by the Member to the capital of the Company are set forth on Schedule A attached hereto and shall be listed on the books and records of the Company. The managers of the Company shall be required to update the books and records, and the aforementioned Schedule, from time to time as necessary to accurately reflect the information therein. The Member shall not be required to make any additional contributions of capital to the Company, although the Member may from time to time agree to make additional capital contributions to the Company.

  • Initial Capital Contributions (a) The Partners have made, on or prior to the date hereof, Capital Contributions and, in exchange, the Partnership has issued to the Partners the number of Class A Units as specified in the books and records of the Partnership.

  • Capital Contributions Distributions 10 SECTION 5.1

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