Common use of Consideration for Contribution Clause in Contracts

Consideration for Contribution. In consideration for ------------------------------ the Contribution, MusicCo will, concurrently with the Contribution, issue and deliver to TCI, as designee of the TCI System Owners, 125,000,000 validly issued, fully paid and nonassessable shares of MusicCo Series B Common Stock and the Company Note (as defined in the Contribution Agreement).

Appears in 1 contract

Sources: Merger Agreement (DMX Inc)

Consideration for Contribution. In ------------------------------- consideration for ------------------------------ the Contribution, MusicCo will, concurrently with the Contribution, issue and deliver to TCI, as designee of the TCI System Owners, 125,000,000 validly issued, fully paid and nonassessable shares of MusicCo Series B Common Stock and the Company Note (as defined in the Contribution Agreement).

Appears in 1 contract

Sources: Merger Agreement (Tele Communications Inc /Co/)