CAPITAL CONTRIBUTIONS; ISSUANCE OF UNITS; CAPITAL ACCOUNTS Sample Clauses

CAPITAL CONTRIBUTIONS; ISSUANCE OF UNITS; CAPITAL ACCOUNTS. Section 4.1 Capital Contributions of the Partners.
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CAPITAL CONTRIBUTIONS; ISSUANCE OF UNITS; CAPITAL ACCOUNTS. (a) Certain Members have contributed to the Company on or prior to October 30, 1996 $1,000 per Class A Unit by payment of cash in such amount or by the delivery of a promissory note. Geraxx Xxxxxxx Xxxnx, Xxop Xxxnx xxx Jan Willxx Xxxxx xxxe contributed an aggregate of $4,286,478 in exchange for the 1,230 Class A Units acquired by them on October 30, 1996 (or $3,484.941 per Unit). Pursuant to Section 704 of the Internal Revenue Code, each of the capital accounts of the Members in effect immediately prior to the acquisition of the foregoing 1,230 Units was revalued and increased to an amount equal to $3,484.941 per Unit owned by such Member. Pursuant to Subscription Agreements, each between the Company and Rogex X. Xxxxxx xxx Robexx X. Xxxxxx (xxgether, the "Valley Investors") dated as of August 5, 1997, the Valley Investors have purchased certain Class A Units and contributed an aggregate of $4,499,298.01 in exchange for the 802 Class A Units being acquired by them on August 5, 1997 (or $5,610.09 per Class A Unit). Pursuant to Section 704 of the Internal Revenue Code, each of the capital accounts of the Members in effect immediately prior to the acquisition of the foregoing 802 Class A Units shall be revalued and increased to an amount equal to $5,610.09 per Unit owned by such Member. On or prior to the date hereof, certain Members not otherwise referred to in this Section 7(a) have purchased certain Class A Units at various times and at various prices per Class A Unit.
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CAPITAL CONTRIBUTIONS; ISSUANCE OF UNITS; CAPITAL ACCOUNTS. (a) The initial Members have contributed to the Company on the date hereof one dollar ($1) per Unit by payment of cash in such amount.
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CAPITAL CONTRIBUTIONS; ISSUANCE OF UNITS; CAPITAL ACCOUNTS. (a) The Heritage Members have contributed to the Company on or prior to the date hereof the amount set forth in Schedule I in respect of the Units set forth in Schedule I by payment of cash in such amount. The equity value of the Company as of the date hereof is $32,000,000.
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CAPITAL CONTRIBUTIONS; ISSUANCE OF UNITS; CAPITAL ACCOUNTS. (a) The initial Members have contributed to the Company on the date hereof $1,000 per Unit by payment of cash in such amount or in the case of the Parent by delivery of cash and promissory notes received by the Parent on the date hereof from Xxxxxxxx Xxxxxxxx and Xxxxxxx Xxxxxx.
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CAPITAL CONTRIBUTIONS; ISSUANCE OF UNITS; CAPITAL ACCOUNTS. (a) The Initial Members have contributed to the Company on the date hereof one dollar ($1) per Unit by payment of cash in such amount. majority of all Units owned by all Members) and (4) the date of dissolution of the Company as follows:
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CAPITAL CONTRIBUTIONS; ISSUANCE OF UNITS; CAPITAL ACCOUNTS 
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Related to CAPITAL CONTRIBUTIONS; ISSUANCE OF UNITS; CAPITAL ACCOUNTS

  • Capital Contributions Capital Accounts The capital contribution of the Sole Member is set forth on Annex A attached hereto. Except as required by applicable law, the Sole Member shall not at any time be required to make additional contributions of capital to the Company. The capital accounts of the members shall be adjusted for distributions and allocations made in accordance with Section 8.

  • Capital Contributions and Capital Accounts (a) The value of the interests contributed by the Class A Certificateholders and the Class I Certificateholders shall equal the amount paid by such Certificateholders for such interests, respectively, and such amounts shall constitute the opening balance in their Capital Accounts (as hereinafter defined). The value of the interests contributed by the Class IC Certificateholder shall equal the fair market value of the Receivables contributed to the Tax Partnership less the value attributed to the Class A Certificateholders and the Class I Certificateholders, as described above. Such amount shall constitute the opening balance in the Class IC Certificateholder's Capital Account.

  • CAPITAL CONTRIBUTIONS AND ISSUANCE OF PARTNERSHIP INTERESTS Section 5.1 Organizational Contributions 37 Section 5.2 Contributions by the General Partner and its Affiliates 37 Section 5.3 Initial Offering 38 Section 5.4 Interest and Withdrawal 38 Section 5.5 Capital Accounts 38 Section 5.6 Issuances of Additional Partnership Interests and Derivative Instruments 42 Section 5.7 Conversion of Subordinated Units 42 Section 5.8 Limited Preemptive Right 43 Section 5.9 Splits and Combinations 43 Section 5.10 Fully Paid and Non-Assessable Nature of Limited Partner Interests 44 Section 5.11 Issuance of Common Units in Connection with Reset of Incentive Distribution Rights 44 Section 5.12 Establishment of TexNew Mex Units. 46

  • 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.

  • 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.

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

  • Capital Contributions Distributions 10 SECTION 5.1

  • 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.

  • Additional Capital Contributions and Issuances of Additional Partnership Interests Except as provided in this Section 4.2 or in Section 4.3, the Partners shall have no right or obligation to make any additional Capital Contributions or loans to the Partnership. The General Partner may contribute additional capital to the Partnership, from time to time, and receive additional Partnership Interests in respect thereof, in the manner contemplated in this Section 4.2.

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