Capital Contributions Capital Accounts. 7 2.1 Initial Capital Contributions.....................................7 2.2 Additional Capital Contributions; Additional Units................7 2.3
Capital Contributions Capital Accounts. The Member shall make capital contributions to the Company from time to time, in cash, securities or other property, in amounts and at time as determined by the Member, and in proportion to its Membership Interests. A capital account shall be maintained for the Member in accordance with Treasury Regulations Section 1.794-1(b)(2)(iv).
Capital Contributions Capital Accounts. 19 Section 4.1 Initial Capital Contributions. 19 Section 4.2 Monthly Capital Contributions. 19 Section 4.3 Disputes Regarding Capital Contributions. 19
Capital Contributions Capital Accounts. No member will be obligated to make any capital contribution to the Company except for any capital contribution agreed upon by all members. Each member will be obligated to contribute the member’s proportionate share (based on percentage interests) of any contribution approved by all of the members. If any member fails to contribute the amount agreed upon to be contributed by each member, in addition to the right of the Company to pursue all remedies available at law or in equity against the defaulting member, any member making such member’s contribution pursuant to such agreement may either withdraw the amount then contributed or elect to treat the same as a loan to the Company bearing interest at the prime rate as reported in The Wall Street Journal on the date contributed to the Company plus 5%. Any such loan shall be repaid by the Company before the Company makes any distributions to the members. No member may otherwise withdraw any capital contribution without the unanimous consent of the members. No member shall have personal liability for the repayment of any capital contribution of any other member. The Company’s accountant shall maintain a separate capital account for each member. No member shall be entitled to any interest on the balance in the member’s capital account.
Capital Contributions Capital Accounts. The Member has contributed to the Company (i) $1.00 in exchange for 1 (one) unit of membership interest of the Company and (ii) 18,900,000 shares of Class A Common Stock, par value $0.01 per share ("Class A Common Stock"), of Net2Phone, Inc., a Delaware corporation ("Net2Phone"), in exchange for 99 units of membership interests of the Company, as set forth on Annex I hereto. Each member shall have a capital account determined and maintained in accordance with Treasury Regulations Section 1.704-1(b)(2)(iv).
Capital Contributions Capital Accounts. 2.1 Initial Capital Contributions 7 2.2 Additional Capital Contributions; Additional Units 7 2.3 Capital Accounts 7
Capital Contributions Capital Accounts. Section 3.1 - Capital Contributions
Capital Contributions Capital Accounts. 8 2.1 Initial Capital Contributions......................................................................................... 8 2.2 Additional Capital Contributions; Additional Units..................................................... 8 2.3 Capital Accounts........................................................................................................... 8 ARTICLE III. ALLOCATIONS................................................................................................. 9 3.1 Profits........................................................................................................................... 9 3.2 Losses........................................................................................................................... 9
Capital Contributions Capital Accounts. 23 Section 4.1 Capital Contributions ........................................................................................23 Section 4.2 Capital Contribution Schedule ..........................................................................27 Section 4.3
Capital Contributions Capital Accounts. Capital Accounts shall be maintained for each Partner pursuant to Exhibit B hereof. At the time of their respective execution of this Agreement, the Partners shall make Capital Contributions as set forth in Exhibit A hereof. The Partners shall own Units of the class and in the amounts set forth in Exhibit A hereof, which shall be adjusted from time to time by the General Partner as provided for herein to the extent necessary to accurately reflect exchanges, Capital Contributions, the issuance of additional Units or similar events having an effect on a Partner’s number of Units.