Capital Contributions and Percentage Interests. Each Member has made the contributions to the capital of the Company in the amounts set forth on Exhibit B attached hereto. Each Member has the Percentage Interest set forth on Exhibit B.
Capital Contributions and Percentage Interests. (a) Effective as of the Closing, each of the Members shall make a Capital Contribution to the Company as contemplated by Article II of the Contribution Agreement and the credit balance in the Capital Account of each Member, as a result of such contribution, shall be determined in accordance with Sections 8.1(b). The Percentage Interest of each Class C Member shall be equal to the product, expressed as a percentage, of (i) a fraction, the numerator of which is the credit balance in the Capital Account of such Class C Member determined as set forth in Section 8.1(b) and the denominator of which is the sum of the credit balances in the Capital Accounts of all Class C Members determined as set forth in Section 8.1(b), and (ii) 50. The Percentage Interest of each Class P Member shall be equal to the product of (i) a fraction, the numerator of which is the credit balance in the Capital Account of such Class P Member as determined in accordance with Section 8.1(b) and the denominator of which is the sum of the credit balances in the Capital Accounts of all Class P Members determined as set forth in Section 8.1(b), and (ii) 50. It is the agreement of the parties that (i) the aggregate Percentage Interests of all Class C Members shall equal 50% and the aggregate Percentage Interests of all Class P Members shall equal 50%, (ii) such aggregate Percentage Interests shall not change unless otherwise agreed by the Members and (iii) such aggregate Percentage Interests shall not be affected by the Chevron Pipe Line Contribution.
Capital Contributions and Percentage Interests. (a) Effective as of the Closing, each of the Members agreed (i) to make a Capital Contribution to the Company as contemplated by Article II of the Contribution Agreement and credit the Capital Account of each Member in respect thereof in accordance with Section 8.1(b) of the Amended & Restated LLC Agreement, (ii) to determine the Percentage Interest of each Class C Member and each Class P Member in accordance with Section 8.1(a) of the Amended & Restated LLC Agreement, and (iii) that (A) the aggregate Percentage Interests of all Class C Members shall equal 50% and the aggregate Percentage Interests of all Class P Members shall equal 50%, (B) such aggregate Percentage Interests shall not change unless otherwise agreed by the Members, and (C) such aggregate Percentage Interests shall not be affected by the Chevron Pipe Line Contribution.
Capital Contributions and Percentage Interests. 5 3.1 Initial Capital Contributions 5 3.2 Additional Capital Contributions 5 3.3 Capital Accounts 5 3.4 No Interest 6 3.5 No Right to Return of Capital 6 ARTICLE IV
Capital Contributions and Percentage Interests. (a) Initial Capital Contributions. -----------------------------
Capital Contributions and Percentage Interests. The Sole Member was admitted as the sole Member of the Company without making a contribution or being obligated to make a contribution to the Company. As the single and sole Member of the Company, the Sole Member was issued one-hundred (100) Membership Interests, and the Percentage Interest of the Sole Member as of the date hereof is one-hundred percent (100%).
Capital Contributions and Percentage Interests. The percentage interest of each Partner in the profits or losses of the Partnership (“Percentage Interest”) is as follows: Partners Percentage Interests Catellus LLC 1 % Company 99 % TOTAL 100 % Contributions to capital shall be made by the Partners in cash in proportion to the Percentage Interests, in such amounts and at such times as the Partners may mutually agree. Each Partner shall be entitled to vote in proportion to its respective Percentage Interest on all matters for which a vote or decision of the Partners is required or taken unless otherwise mutually agreed.
Capital Contributions and Percentage Interests. (a) The Sole Member shall be admitted as the sole member of the Company without making a contribution or being obligated to make a contribution to the Company.
Capital Contributions and Percentage Interests. (As of June 30, 2008) Member's name Member's address Member's capital contribution Member's percentage interest EMVELCO CORP. 10000 Xxxxxxxx Xxxx. Xxxxx 0000 Xxx Xxxxxxx, XX 00000 525,000 Emvelco Corp. Shares + Warrants & Term Assignment 50 % TXXXX XXXXX $ 525,000 50 % TOTALS: ASSETS + $525,000 100 % EXHIBIT B (FACE OF CERTIFICATE) THE LLC INTERESTS REPRESENTED BY THIS CERTIFICATE HAVE NOT BEEN REGISTERED OR QUALIFIED UNDER THE SECURITIES ACT OF 1933, AS AMENDED, OR UNDER THE SECURITIES LAWS OF ANY STATE. SUCH LLC INTERESTS MAY NOT BE SOLD OR TRANSFERRED UNLESS SUBSEQUENTLY REGISTERED OR QUALIFIED OR UNLESS AN EXEMPTION FROM REGISTRATION OR QUALIFICATION IS AVAILABLE. THE AGREEMENT (AS DEFINED BELOW) PROVIDES FOR FURTHER RESTRICTIONS ON TRANSFER OF THE LLC INTERESTS REPRESENTED HEREBY. CERTIFICATE FOR LLC INTEREST IN VORTEX OCEAN ONE, LLC Certificate No. ______________ ________ Percentage Interest The undersigned, as a Manager of VORTEX OCEAN ONE, LLC, a Nevada limited liability company (the “LLC”), hereby certifies that ___________________________ is the holder of an LLC Interest representing a _______ percent (__%) Percentage Interest, as those terms are defined in the Operating Agreement of the LLC, dated as of ________________, as amended and restated from time to time (the “Agreement”) (copies of which are on file at the principal office of the LLC). This Certificate is not negotiable or transferable except by operation of law, or as otherwise provided in the Agreement, and any such transfer will be valid only upon delivery of this Certificate, together with a duly executed assignment in the form set forth on the reverse hereof (or otherwise acceptable to the Manager and sufficient to convey an interest in an LLC pursuant to the Nevada Revised Statutes, as it may be amended and in effect from time to time, or any successor statute thereto) to the Manager of the LLC.
Capital Contributions and Percentage Interests. As of the date of this Agreement, each of the Members of each class shall have made a Capital Contribution, if any, to the Company in the amount set forth opposite such Member’s name on Schedule 1, and each Member shall have an initial Percentage Interest of such class as set forth opposite such Member’s name on Schedule 1. Notwithstanding Article Seven, Schedule 1 may be amended from time to time by the Manager, to reflect any additional Capital Contributions and/or any changes to the Members’ respective Percentage Interests in any class (including, for certainty, as a result of Capital Contributions made or deemed to be made by the Members pursuant to Sections 3.3.A and 3.3.C.(i), the dilution of Greenswitch’s Class A Percentage Interest pursuant to Section 3.3.C.(ii) or the reallocation of the Members’ Interests pursuant to Section 3.3.D, it being understood and agreed that at all times the Class A Percentage Interests of each Class A Member will reflect such Class A Member’s proportion of the total Capital Contributions of all Class A Members).
